“As we continue our transformation into a super-regional, LTL freight carrier, it is the right time to reintroduce theYellow Corporationname and modernize the holding company brand,” saidDarren Hawkins, Chief Executive Officer. Once we announced our plans to rebrand, our customers and employees ...
Noncash equity-based compensation and employee benefits expense 12.1 11.7 Losses on property disposals, net 5.4 1.7 Other noncash items, net 3.6 6.8 Changes in assets and liabilities, net: Accounts receivable (65.6 ) (61.5 ) Accounts payable 17.8 (0.3 ) Other operating assets (...
Making appropriate adjustments to our cost structure such as elimination of executive bonuses and merit increases, employee furloughs and cessation of discretionary spend items; and Implementing additional liquidity preservation measures as appropriate under the circumstances. “Our nation has never depend...