Re: Yellow Corporation
More news on the new "Yellow Corp."
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
https://www.ttnews.com/articles/yrc-...ding-its-fleet
More news on the new "Yellow Corp."
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
The recently rebranded Yellow Corp. — formerly YRC Worldwide — narrowed annual losses by nearly half even as fourth-quarter losses widened, and said it is bolstering operations through property divestitures and investments in new equipment.
Yellow’s new name took effect Feb. 4, the date of its earnings release in which it reported Q4 net losses widened to $18.7 million, or minus 37 cents a share, compared with a loss of $15.3 million, minus 46 cents, in 2019. The company’s Q4 revenue inched up to $1.164 billion from $1.159 billion a year earlier.
Yellow’s new name took effect Feb. 4, the date of its earnings release in which it reported Q4 net losses widened to $18.7 million, or minus 37 cents a share, compared with a loss of $15.3 million, minus 46 cents, in 2019. The company’s Q4 revenue inched up to $1.164 billion from $1.159 billion a year earlier.
The company noted that the names of its LTL brands — Holland, New Penn, Reddaway and YRC Freight — as well as HNRY Logistics, will not change.
By the end of 2020, the company purchased 300 new tractors and 1,200 trailers. In the first quarter of this year, it plans to buy 1,110 tractors, 1,900 trailers, and 250 containers.
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