About Yellow

Yellow Corporation, through its operating subsidiaries, offers its customers a wide range of transportation services. The company has one of the largest, most comprehensive less-than-truckload (‘LTL’) networks in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, the company offers expertise in LTL shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. The company’s LTL subsidiaries include USF Holland LLC (‘Holland’), New Penn Motor Express LLC (‘New Penn’), USF Reddaway Inc. (‘Reddaway’), YRC Inc., and YRC Freight Canada Company (both doing business as, and herein referred to as, ‘YRC Freight’). The company’s LTL companies provide services through a consolidated network of facilities located primarily across the United States and Canada. The company also offers services through Yellow Logistics, Inc. (‘Yellow Logistics’), its customer-specific logistics solutions provider, specializing in truckload, residential, and warehouse solutions. The company offers a full range of services for the transportation of industrial, commercial and retail goods in national, regional and international markets, primarily through the operation of owned or leased equipment in its North American ground distribution network. Transportation services are provided for various categories of goods, which may include (among others) apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood and other manufactured products or components. The company provides both LTL services, which combine shipments from multiple customers on a single trailer, and truckload services. Deliveries are predominately LTL shipments with truckload services offered to maximize equipment utilization and reduce empty miles (the distance empty or partially full trailers travel to balance the network). The company also provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, exhibit services, product returns, and government material shipments. The company operates throughout North America with one of the largest networks of LTL service centers, equipment and transportation professionals, offering flexible and efficient supply chain solutions serving various customer needs. The company is a transportation provider to the United States federal government. The company also provides logistics solutions for customer-specific needs with custom projects, consolidation and distribution, reverse logistics, and residential white glove service offerings. A substantial majority of the company’s services are provided wholly within the United States. The company’s employees are dedicated to operating its extensive network which transported approximately 14.2 million shipments in 2022. On December 31, 2022, the company’s revenue fleet was consisted of approximately 12,700 tractors, including approximately 11,700 owned tractors and 1,000 leased tractors; and approximately 42,000 trailers, including approximately 34,800 owned trailers and 7,200 leased trailers. The company’s network includes 308 strategically located service facilities, including 166 owned facilities with approximately 10,000 doors and 142 leased facilities with approximately 9,100 doors, in addition to six warehouses managed by the company’s logistics solution provider, Yellow Logistics. Properties As of December 31, 2022, the company operated a total of 308 transportation service facilities located across North America. Of this total, the company owns 166 and leases 142, generally with lease terms ranging from one month to ten years with right of renewal options. The number of customer freight servicing doors totaled approximately 19,100, of which approximately 10,000 are at owned facilities and approximately 9,100 are at leased facilities. The transportation service centers vary in size ranging from one to three doors at small local facilities to 426 doors at the largest consolidation and distribution facility. The company also occupies general office buildings in several locations and six fully managed warehouse facilities primarily through leasing agreements. The company’s owned transportation service facilities and office buildings serve as collateral under its credit agreements. Regulation The company is subject to security regulations imposed by the U.S. Department of Homeland Security and other federal and state agencies that are intended to combat terrorism. The U.S. Environmental Protection Agency has issued the company an RFI (Request for Information) regarding YRC Freight facilities adjacent to or in close proximity of Newtown Creek, NY and its tributaries. History The company was founded in 1924. It was incorporated in Delaware in 1983. The company was formerly known as YRC Worldwide Inc. and changed its name to Yellow Corporation in 2021.