YRC Freight | Yellow’s turnaround moves forward; Q4 ahead of forecasts

[Freightmaster1]

Yellow’s turnaround moves forward; Q4 ahead of forecasts

Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.

www.freightwaves.com

Yellow’s restructuring includes collapsing all of its separate carriers into one super-regional carrier operating on the same tech platform. The changes are expected to remove redundancy across operations, including the linehaul routes.

 

[Pac Man]

Redundancy ? Maybe just wanting all the eggs in one basket !

 

[slavenomore]

Collapsing.


Probably an appropriate word choice.

 

[wongway]

The company ended the year with $359 million in available liquidity, an $81 million year-over-year reduction. Outstanding debt increased $331 million to $1.62 billion as it purchased equipment and bought out leases. So less Liquidity and more Debt ?? Drink up the p.s. saying they bought out leases ??? They still own well over 15% on the Clarence terminal lease $$