Advertisement
 
YOU ARE HERE: LAT HomeCollectionsYellow Corp
IN THE NEWS

Yellow Corp

FEATURED ARTICLES
BUSINESS
September 18, 1995 | Times Staff and Wire Reports
Yellow Freight to Open Asia Routes: Yellow Freight Systems next month will begin shipping service to and from Hong Kong, Thailand and Singapore, its parent company has announced. Yellow Corp., a trucking firm based in Overland Park, Kan., said its subsidiary will focus on shipments between 500 pounds and 10 tons, and that services will include pickup, freight-forwarding, customs clearance and 24-hour trucking and tracing.
ARTICLES BY DATE
BUSINESS
July 9, 2003 | From Reuters
Trucking company Yellow Corp. said Tuesday that it would buy leading rival Roadway Corp. for $966 million in a bid to create one of the world's largest shipping companies. Yellow, the No. 1 U.S. shared-loads trucker, said it would pay $48 a share for No. 2 Roadway, half in stock and half in cash. Yellow, which has been expanding its transport businesses over the last half a dozen years, also will assume $140 million in Roadway debt. The merged company would be named Yellow-Roadway Corp.
Advertisement
BUSINESS
July 6, 2001 | Bloomberg News
Yellow Corp., operator of the nation's largest trucking company, plans to raise rates 4.9% on Aug. 1 to increase revenue during its peak shipping season. The increase applies to the Yellow Freight System trucking unit and affects customers whose shipping charges aren't set by contract, spokesman Roger Dick said. Roadway Corp. declined to comment on Yellow's increase.
BUSINESS
July 6, 2001 | Bloomberg News
Yellow Corp., operator of the nation's largest trucking company, plans to raise rates 4.9% on Aug. 1 to increase revenue during its peak shipping season. The increase applies to the Yellow Freight System trucking unit and affects customers whose shipping charges aren't set by contract, spokesman Roger Dick said. Roadway Corp. declined to comment on Yellow's increase.
BUSINESS
July 9, 2003 | From Reuters
Trucking company Yellow Corp. said Tuesday that it would buy leading rival Roadway Corp. for $966 million in a bid to create one of the world's largest shipping companies. Yellow, the No. 1 U.S. shared-loads trucker, said it would pay $48 a share for No. 2 Roadway, half in stock and half in cash. Yellow, which has been expanding its transport businesses over the last half a dozen years, also will assume $140 million in Roadway debt. The merged company would be named Yellow-Roadway Corp.
BUSINESS
December 18, 1998 | Bloomberg News
Shares of Consolidated Freightways Corp., one of the largest U.S. trucking companies, fell nearly 18% after it broke off merger talks with an unidentified company. Shares fell $3.13 to close at $14.63 on Nasdaq. It rose 6.4% on Wednesday on speculation it might be weighing a possible combination with rival carrier Yellow Corp. Menlo Park-based Consolidated confirmed it had been in talks with an unnamed party, adding that no agreement was reached. Yellow executives declined to comment.
BUSINESS
April 9, 1998 | Bloomberg News
Members of the Teamsters ratified a new five-year contract with the nation's long-haul trucking companies, the union and an industry association said. The contract, approved by 70% of the voting members, features pension and benefit improvements, a $750 bonus in the first year, and 35-cents-an-hour wage increases over the next four years--so that senior drivers will make $19.86 an hour by the final year.
BUSINESS
April 13, 1999 | Bloomberg News
America West Holdings Corp.'s America West Airlines Inc. said President Richard Goodmanson resigned and Chairman and Chief Executive Bill Franke assumed the post. America West reorganized the unit into two groups, operations and corporate. Gilbert Mook, 56, former senior vice president of air operations at FDX Corp., will head the operations group as executive vice president and chief operating officer. W.
BUSINESS
September 22, 2005 | From Bloomberg News
Swift Transportation Co. Chairman and Chief Executive Jerry Moyes on Wednesday agreed to pay $1.3 million to settle a Securities and Exchange Commission suit accusing him of insider trading. Phoenix-based Swift is the nation's third-largest trucking company. Moyes bought 187,000 shares in the two days before the company announced better-than-expected earnings and a share buyback, making an unrealized profit of $622,130, the SEC said. The SEC launched the investigation of trades made in May 2004.
BUSINESS
September 25, 1997 | From Bloomberg News
The sudden departure of the Teamsters' election overseer leaves unsettled the political future of the union's president, Ron Carey, and could delay the rerun vote for the leadership of the nation's biggest private-sector labor organization. Barbara Zack Quindel, the court-appointed election officer, recused herself late Tuesday from the investigation into Carey's reelection victory last year over challenger James P. Hoffa.
BUSINESS
December 18, 1998 | Bloomberg News
Shares of Consolidated Freightways Corp., one of the largest U.S. trucking companies, fell nearly 18% after it broke off merger talks with an unidentified company. Shares fell $3.13 to close at $14.63 on Nasdaq. It rose 6.4% on Wednesday on speculation it might be weighing a possible combination with rival carrier Yellow Corp. Menlo Park-based Consolidated confirmed it had been in talks with an unnamed party, adding that no agreement was reached. Yellow executives declined to comment.
BUSINESS
September 18, 1995 | Times Staff and Wire Reports
Yellow Freight to Open Asia Routes: Yellow Freight Systems next month will begin shipping service to and from Hong Kong, Thailand and Singapore, its parent company has announced. Yellow Corp., a trucking firm based in Overland Park, Kan., said its subsidiary will focus on shipments between 500 pounds and 10 tons, and that services will include pickup, freight-forwarding, customs clearance and 24-hour trucking and tracing.
BUSINESS
August 5, 2003 | From Reuters
Railroad giant Union Pacific Corp. said Monday that it would sell its Overnite trucking unit in an initial public offering timed to exploit an improved cargo-hauling market and Wall Street optimism. Omaha-based Union Pacific did not disclose the expected price of the IPO, but a regulatory filing said Overnite's book value was about $600 million on Dec. 31. One analyst estimated Union Pacific might realize $500 million to $700 million from the IPO after expenses.
Los Angeles Times Articles
|