Yellow Corp
myyellow.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 14, 2023. Its latest SEC filing is a SC 13G/A from Feb 14, 2024.
10-Q for Q2 FY2023, filed Aug 14, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Transports industrial, commercial and retail goods for shippers and government customers across North America, offering less-than-truckload service, truckload transport and customer-specific logistics.
10-K for FY2022, filed Feb 9, 2023
How Did They Make Money?
Yellow charges shippers to move their goods under a bill of lading, earning the charge as the shipment moves from pickup to delivery.
10-K for FY2022, filed Feb 9, 2023Revenue RecognitionView ↗
-
10-K for FY2022, filed Feb 9, 2023
FY2022 revenue by product or service ↗
$5.2B
-
10-K for FY2022, filed Feb 9, 2023
$5.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
LTL revenue
Usage-based
10-K for FY2022, filed Feb 9, 2023 |
90%
FY2019: 92%
|
LTL revenue, FY2022
$4.7B Sources
|
Usage-based |
|
Other revenue
Usage-based
10-K for FY2022, filed Feb 9, 2023 |
10%
FY2019: 7.7%
|
Other revenue, FY2022
$525.4M Sources
|
Usage-based |
Who Were Their Customers?
Serves shippers of industrial, commercial and retail goods, including the U.S. federal government, through its transportation network and customer-specific logistics solutions.
10-K for FY2022, filed Feb 9, 2023
Did Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2022, but spent more cash than it brought in: free cash flow was −$70.5M.
10-K for FY2022, filed Feb 9, 2023
$197.8MView ↗
10-K for FY2022, filed Feb 9, 2023
$21.8MView ↗
10-K for FY2022, filed Feb 9, 2023
−$70.5MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2023, filed Aug 14, 2023
−$14.7MView ↗
- ▼ Now a loss
- vs $60M in Q2 FY2022
10-Q for Q2 FY2023, filed Aug 14, 2023
Open tableView ↗
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Feb 9, 2024
Completed sales of real estate holdings
The completed sales brought in approximately $1.89 billion in cash.
Sources
8-K, filed Feb 9, 2024
As of February 8, 2024, the Company has consummated the sale of certain of the Company’s real estate holdings (the “Sold Real Estate”) to…View ↗
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Dec 27, 2023
Filed for Chapter 11 bankruptcy protection
Sources
8-K, filed Dec 27, 2023
As previously disclosed, on August 6, 2023 (the “Petition Date”), Yellow Corporation (the “Company”) and certain of its direct and indirect…View ↗
Held flat. Revenue was $5.2B in FY2022, about the same as the $5.1B of FY2018.
From separate segments to a consolidated network
The older report described YRC Freight and Regional Transportation as distinct reporting segments with separate service networks. The latest report describes its LTL subsidiaries as operating through a consolidated network and says it is integrating its linehaul networks.
10-K for FY2019, filed Mar 11, 2020 10-K for FY2022, filed Feb 9, 2023YRC Worldwide Inc. (also referred to as “YRC Worldwide,” the “Company,” “we,” “us” or “our”) is a holding company that, through its…View ↗
YRC Freight is the reporting segment that focuses on longer haul business opportunities with national, regional and international services.…View ↗
Regional Transportation is the reporting segment for our transportation service providers focused on business opportunities in the regional…View ↗
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