NASHVILLE, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the first quarter ended March 31, 2023. Operating revenue was $1.159 billion and operating loss was $9.3 million. In comparison, operating revenue in the first quarter of 2022 was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. Net loss for first quarter 2023 was $54.6 million, or $1.06 per share, compared to net loss of $27.5 million, or $0.54 per share in the first quarter 2022. On a non-GAAP basis, the Company generated Adjusted EBITDA of $34.3 million in first quarter 2023 compared to $52.0 million in the prio

NASHVILLE, Tenn., April 13, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Wednesday, May 3, 2023, at 4:30 p.m. ET, company executives will host a conference call with the investment community to discuss first quarter 2023 results. The financial results will be released the same day, May 3, 2023, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping s

NASHVILLE, Tenn., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the fourth quarter and year ended December 31, 2022. Fourth quarter operating revenue was $1.200 billion and operating income was $40.3 million, which included a $28.2 million net gain on property disposals. In comparison, operating revenue in the fourth quarter of 2021 was $1.309 billion and operating income was $55.8 million. Net loss for fourth quarter 2022 was $15.5 million, or $0.30 per share. This compares to a net loss of $44.7 million, or $0.88 per share, in the fourth quarter of 2021, which included a $54.9 million or $1.08 per share non-cash, non-operating settlement loss r

NASHVILLE, Tenn., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Thursday, Feb. 9, 2023, at 4:30 p.m. ET, company executives will host a conference call with the investment community to discuss fourth quarter and full year 2022 results. The financial results will be released the same day, Feb. 9, 2023, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing

NASHVILLE, Tenn., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the third quarter ended September 30, 2022. Operating revenue was $1.360 billion and operating income was $49.1 million, which included a $1.1 million net gain on property disposals. In comparison, operating revenue in the third quarter of 2021 was $1.301 billion and operating income was $48.4 million. Net income for third quarter 2022 was $4.8 million, or $0.09 per share, compared to net income of $8.3 million, or $0.16 per share, in the third quarter of 2021. On a non-GAAP basis, the Company generated Adjusted EBITDA of $90.6 million in third quarter 2022 compared to $94.4 mill

NASHVILLE, Tenn., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Wednesday, Nov. 2, 2022, at 4:30 p.m. ET, company executives will host a conference call with the investment community to discuss third quarter 2022 results. The financial results will be released the same day, Nov. 2, 2022, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping

Strong Results Include a 93.0% Operating Ratio and Earnings Per Share of $1.17 NASHVILLE, Tenn., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the second quarter ended June 30, 2022. Operating revenue was $1.424 billion and operating income was $99.2 million, which included a $3.2 million net gain on property disposals. In comparison, operating revenue in the second quarter of 2021 was $1.313 billion and operating income was $27.0 million. Net income for second quarter 2022 was $60.0 million, or $1.17 per share, compared to net loss of $9.4 million, or $0.18 per share, in the second quarter of 2021. On a non-GAAP basis, the Company generated Adj

NASHVILLE, Tenn., July 14, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Wednesday, August 3, 2022, at 5:00 p.m. ET, company executives will host a conference call with the investment community to discuss second quarter 2022 results. The financial results will be released the same day, August 3, 2022, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and internationa

NASHVILLE, Tenn., May 10, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the first quarter ended March 31, 2022. Operating revenue was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. In comparison, operating revenue in the first quarter of 2021 was $1.198 billion and operating loss was $27.6 million, which included a $1.0 million net loss on property disposals. Net loss for first quarter 2022 was $27.5 million, or $0.54 per share, compared to net loss of $63.3 million, or $1.26 per share, in the first quarter of 2021. On a non-GAAP basis, the Company generated Adjusted EBITDA of $52.0 mill

NASHVILLE, Tenn., April 18, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announced today that on Tuesday, May 10, 2022, at 5:00 p.m. ET, company executives will host a conference call with the investment community to discuss first quarter 2022 results. The financial results will be released the same day, May 10, 2022, after the market close. The call will be webcast and can be accessed live or as a replay via the Yellow Corporation website www.myyellow.com. About Yellow Corporation Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Thr

Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo

NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the second quarter ended June 30, 2023. Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 was $14.7 million, or $0.28 per share, compared to net income of $60.0 million, or $1.17 per share in the second quarter 2022. Following a substantial workforce reduction impacting all areas of the o

International Brotherhood of Teamsters Drives Nearly 100-Year-Old Company Out of Business 30,000 American Jobs Lost NASHVILLE, Tenn., Aug. 06, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) and certain of its direct and indirect subsidiaries (collectively, the "Company" or "Yellow") filed voluntary petitions for relief under Chapter 11 (the "Chapter 11 Cases") of the U.S. Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") for the Company's planned operational wind-down. To facilitate this process, the Company expects to enter into an agreement, setting forth the terms and conditions of a debtor-i

NASHVILLE, Tenn., July 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) is exploring opportunities to divest its successful 3PL, Yellow Logistics, Inc., and is currently engaged with multiple interested parties regarding the sale of its independent Third-Party Logistics organization. The discussions are active and ongoing. Yellow Logistics is a customer-specific logistics solution provider that specializes in truckload, residential, contract logistics, engineered solutions, distribution, and warehousing and is operated through an independent, non-union subsidiary of Yellow.  "Yellow Logistics is one of the fastest growing 3PLs in the industry and has been since its inception,

NASHVILLE, Tenn., July 21, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) regrets that Senior Judge Julie A. Robinson of the U.S. District Court for the District of Kansas denied the Company's motion on jurisdictional grounds. The Company, represented by Marc E. Kasowitz and Ron Rossi, partners at Kasowitz Benson Torres LLP, intends to appeal the ruling. The court, recognizing a strike would likely kill the company, resulting in the loss of 30,000 jobs, cautioned the Union --that while it won today's battle, it could very well lose the war. The Company will continue to pursue its breach of contract case where it seeks to recover more than $1.5 billion in lost enterprise value

NASHVILLE, Tenn., July 19, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation announces that the leadership at the International Brotherhood of Teamsters (IBT) has publicly claimed that the union may lawfully strike Yellow Corporation (NASDAQ:YELL) over its failure to make its July contribution to Central States pension and health and welfare funds, but a strike would be anything but lawful, as it would violate the parties' collective bargaining agreement. The Union's breaches of the collective bargaining agreement, which are detailed in the complaint Yellow filed in its District of Kansas lawsuit against the Teamsters, are the direct cause of Yellow's inability to make contributions to the funds

NASHVILLE, Tenn., June 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL), the nation's third largest less than truckload (LTL) carrier and fifth largest transportation company, has filed a complaint in the U.S. District Court for the District of Kansas against the International Brotherhood of Teamsters (IBT) and certain of its affiliates. The complaint alleges that the defendants breached their binding union contract with Yellow causing more than $137 million in damages by unjustifiably blocking, for over eight months, Yellow's restructuring plan to modernize its business, which is necessary to compete against non-union carriers that dominate the LTL business today. These

NASHVILLE, Tenn., June 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported certain operating metrics for the first two months of second quarter 2023. For Yellow less-than-truckload (LTL), the percent changes 2023 from 2022 were:  Shipments per WorkdayWeight per ShipmentTonnage per WorkdayRevenue per Hundredweight(a)Revenue per Shipment(a)April(15.4)%(1.1)%(16.4)%(1.5)%(2.6)%May(13.8)%(2.9)%(16.3)%(3.8)%(6.6)%QTD(14.6)%(2.0)%(16.3)%(2.7)%(4.7)% (a) Includes fuel surcharge Excluding fuel surcharge, quarter-do-date LTL revenue per hundredweight increased 4.0% and quarter-to-date LTL revenue per shipment increased 1.9% compared to a year ago. About Yellow Corporation Yel

NASHVILLE, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) reported results for the first quarter ended March 31, 2023. Operating revenue was $1.159 billion and operating loss was $9.3 million. In comparison, operating revenue in the first quarter of 2022 was $1.260 billion and operating income was $9.2 million, which included a $5.5 million net gain on property disposals. Net loss for first quarter 2023 was $54.6 million, or $1.06 per share, compared to net loss of $27.5 million, or $0.54 per share in the first quarter 2022. On a non-GAAP basis, the Company generated Adjusted EBITDA of $34.3 million in first quarter 2023 compared to $52.0 million in the prio

NASHVILLE, Tenn., April 25, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) has appointed David H. Webber to its Board of Directors, effective April 20, 2023. Webber is a Professor of Law at Boston University and a highly respected academic with numerous scholarly articles published in the Harvard Business Law Review and the University of Chicago Business Law Review, among others. Webber is also the author of the critically acclaimed book, The Rise of the Working-Class Shareholder: Labor's Last Best Weapon, published by Harvard University Press. Webber is a nationally recognized expert in pensions as well as shareholder activism and litigation. He was selected by the Internation

Stifel resumed coverage of Yellow Corporation with a rating of Hold and set a new price target of $7.00

Vertical Research initiated coverage of Yellow Corporation with a rating of Buy and set a new price target of $15.00

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Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo

Nashville, Tenn., Dec. 12, 2022 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ:YELL) announces the appointment of Annlea Rumfola as its new Chief Information Officer. She will oversee all information technology teams, systems, processes and support functions at Yellow, reporting directly to CEO Darren Hawkins. Rumfola will step into the CIO role on Jan. 3, 2023. Current CIO Jason Ringgenberg is retiring after serving in that position since 2017. Rumfola brings an extensive background in technology leadership from Cardinal Health Inc., where she most recently served as senior vice president of information technology for the health care company's medical segment. Her 30-year career

OVERLAND PARK, Kan., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Effective today, Yellow Corporation (NASDAQ:YELL) announces the appointment of Dan Olivier to the role of Chief Financial Officer. Olivier has served as Interim CFO since October 2020. He will maintain responsibility for corporate finance, treasury, investor relations, accounting, tax and risk management/internal audit functions at Yellow. "With more than 25 years at the Company, and half of those years at the VP level, consistency in Dan's leadership will allow a very seamless transition as he assumes the role of Chief Financial Officer," said Darren Hawkins, Yellow CEO. "On behalf of Yellow's executive leadership and board of direct

IRVING, Texas, Aug. 9, 2021 /PRNewswire/ -- Ecobat, the global leader in recycling batteries, announced today the appointment of Jamie Pierson as chief financial officer. Jamie was most recently CFO for YRC Worldwide (NASDAQ:YELL), where he was responsible for operational and financial strategy for the company.  In addition to his financial responsibilities, Jamie managed relationships with credit rating agencies, financial and industry analysts, lenders and shareholders. Jamie has over 10 years of investment banking, financial restructuring, advisory and corporate development

Mr. Pierson joined Forward, having most recently served as Chief Financial Officer of MV Transportation, one of the nation's largest privately owned passenger transportation contracting companies in North America. Prior to joining MV Transportation, Mr. Pierson held various senior leadership positions, including Executive Vice President and Chief Financial Officer of Ecobat Technologies and YRC Worldwide, Inc. (NASDAQ:YRCW). Mr. Faught joins Forward, having most recently served as Chief Financial Officer of EVO Transportation. Prior to this role, Mr. Faught served as Chief Accounting Officer at Yellow Corporation (NASDAQ:YELL).

Rite Aid Corporation (NYSE:RAD) shares are trading higher Monday. The stock appears to be rebounding after falling more than 50% on Friday. What To Know: According to the Wall Street Journal, Rite Aid Corporation is reportedly preparing a bankruptcy filing amid a slew of lawsuits realted to the opiod crisis. RAD shares are moving on heavy trading volume. According to Benzinga Pro, more than 25.3 million shares have been traded in the session, compared to the stock's 100-day average of 5.223 million shares. Rite Aid shares have grabbed the attention of retail investors and short-sellers alike. RAD is currently a top trending ticker on Yahoo! Finance, and 16% of available shares are being

Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ:META) is gearing up to launch a desktop version of its microblogging application, Threads.  The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recently.  Amazon Reenters External Shipping Fray, Eyeing FedEx And UPS Rivalry Amazon.com Inc (NASDAQ:AMZN) has reignited its external shipping service, Amazon Shipping, challenging its direct c

Trucking company Old Dominion Freight Line Inc (NASDAQ:ODFL) has offered $1.5 billion to acquire Yellow Corp’s (NASDAQ:YELL) 169 terminals out of bankruptcy. The offer price represents more than a previous offer from Estes Express Lines of $1.3 billion. The offer, disclosed in papers filed August 18 in Delaware bankruptcy court, exceeds the $1.3 billion proposed stalking horse bid, Estes.  Old Dominion’s offer is also a stalking horse bid, which would set the floor price for Yellow’s terminals at a future Chapter 11 auction. The properties will still undergo a marketing and sale process in which higher offers from other parties may be accepted. The competing offers for Yellow’s terminal

Benzinga Moderna, Pfizer's Updated COVID Shot Shows Effectiveness Against 'Eris' Variant In Early Human, Preclinical Studies Moderna Inc (NASDAQ:MRNA) announced that preliminary clinical trial data confirm its updated COVID-19 vaccine for the fall 2023 vaccination season showed a significant boost in neutralizing antibodies against EG.5 and FL.1.5.1 variants.  Pfizer Inc (NYSE:PFE) also said that its updated COVID-19 shot showed neutralizing activity against the "Eris" subvariant in a study conducted on mice. The World Health Organization (WHO) recently classified the EG.5, or "Eris," strain as a variant of interest.  Novartis' Generic Business Spinoff: Plans Sandoz Spin-Off In Early

YELLOW CORP NEW COM (NASDAQ:YELL) attorney Allyson Smith reportedly disclosed getting an acquisition offer from Estes Express. Trucking Firm Estes Express proposed a $1.3 billion offer to buy Yellow Corp's shipment centers, said Reuters. As a part of the bid, Estes had offered to provide a bankruptcy loan. However, Yellow had decided to accept a $142.5 million loan offer from hedge fund Citadel and MFN Partners, its largest shareholder. Related: Yellow Pushes Bankruptcy Loan Talks, Will Select Favorable Deal By Next Week: Report Apart from this, Citadel bought Yellow's pre-bankruptcy debt of around $500 million. The new loan reflects a 180-day period for Yellow to solicit higher bids f

As we approach the tail-end of 2Q company earnings, the market turned back to focusing on more macro issues, and was immediately “rewarded” by lots of not-so-good news. In this week’s 5 Things, we’ll cover: CPI rose and Core CPI remains sticky. Will the index continue to rise? PPI wasn’t bad, but came in above expectations. Ratings agencies starting to downgrade banks. China exports down 14.5% (that’s huge!). FedEx reducing staffing even after the Yellow Corp bankruptcy. Are we in recession already? What should you look for to understand? A fond farewell and a round of applause to DKI Intern, Tristan Navarino. This is Tristan’s last week at DKI as he returns to finish his degree in

Gainers Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) shares jumped 283.7% to $1.3007 after Harmony Biosciences entered into definitive agreement to acquire the company for total potential consideration of up to $200 million in cash. Taysha Gene Therapies, Inc. (NASDAQ:TSHA) gained 96.1% to $1.4488 after the company reported initial clinical data from first adult Rett syndrome patient dosed in REVEAL Phase 1/2 trial. The company also announced second-quarter results. Hanryu Holdings, Inc. (NASDAQ:HRYU) climbed 37.9% to $6.44. Hanryu Holdings partnered with SALTLUX for the development of AI powered conversational virtual assistant on popular K-Culture fandom application, FANTOO. TMC the

Potential short squeeze plays gained steam in 2021, continued throughout 2022, and remain a new focus of traders looking for the next huge move. High short interest and steep borrowing costs are among the common traits that could lead to a short squeeze. Here’s a look at the top five short squeeze candidates and several stocks to watch this week based on the Fintel short squeeze leaderboard. Blue Apron Holdings Inc (NYSE:APRN) continues its climb on the short squeeze leaderboard, moving to the top position for the week. The stock moves up four positions from last week, which follows a previous jump of 12 positions and other recent moves up. The meal delivery company has been a popular s

Gainers AGBA Group Holding Limited (NASDAQ:AGBA) shares surged 49.4% to $1.31 in pre-market trading after the company reported a 325% year-over-year growth in its second-quarter revenue. AMC Entertainment Hldg Pref Equity Units (NYSE:APE) rose 29.8% to $2.31 in pre-market trading after AMC gained court approval for its revised stock conversion plan. Proterra Inc. (NASDAQ:PTRA) shares gained 25.2% to $0.1483 in pre-market trading on continued volatility after the company announced it filed for Chapter 11 bankruptcy. United States Steel Corporation (NYSE:X) shares rose 23% to $27.95 in pre-market trading. United States Steel late Sunday rejected a buyout offer from rival steel manufactu