Yellow Corporation First Quarter Results on Track to Meet Estimates
Yellow Corporation First Quarter Results on Track to Meet Estimates
Mar 22, 2002 at 12:00 AM EST
Yellow Corporation First Quarter Results on Track to Meet EstimatesOVERLAND PARK, Kan., Mar 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- Yellow Corporation (Nasdaq: YELL) today announced that its first quarter earnings will meet the First Call consensus estimate of $.11 per share. The Company will report its first quarter results on April 19, 2002.
"We remain solidly profitable without sacrificing service by aggressively managing our costs," said Bill Zollars, Chairman, President and Chief Executive Officer of Yellow Corporation.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to inflation, labor relations, inclement weather, price and availability of fuel, competitor pricing activity, expense volatility, changes in and customer acceptance of new technology and a downturn in general or regional economic activity.
About Yellow Corporation
Yellow Corporation, a Fortune 500 Company, is a holding company with wholly owned operating subsidiaries. Its largest subsidiary, Yellow Transportation, Inc., offers a full range of national, regional and international services for the movement of industrial, commercial and retail goods. SCS Transportation provides overnight and second-day LTL and selected TL services to a broad range of industries. Meridian IQ is a non-asset based company using web-based technology to provide customers a single source for logistics planning and global shipment management. Headquartered in Overland Park, Kansas, Yellow Corporation employs approximately 30,000 people.
SOURCE Yellow Corporation
CONTACT:
Investor Relations Stephen Bruffett of Yellow Corporation, +1-913-696-6108, steve.bruffett@yellowcorp.com
Media Suzanne Dawson of Linden Alschuler & Kaplan, +1-212-575-4545, sdawson@lakpr.com
"We remain solidly profitable without sacrificing service by aggressively managing our costs," said Bill Zollars, Chairman, President and Chief Executive Officer of Yellow Corporation.
Statements contained in this release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to inflation, labor relations, inclement weather, price and availability of fuel, competitor pricing activity, expense volatility, changes in and customer acceptance of new technology and a downturn in general or regional economic activity.
About Yellow Corporation
Yellow Corporation, a Fortune 500 Company, is a holding company with wholly owned operating subsidiaries. Its largest subsidiary, Yellow Transportation, Inc., offers a full range of national, regional and international services for the movement of industrial, commercial and retail goods. SCS Transportation provides overnight and second-day LTL and selected TL services to a broad range of industries. Meridian IQ is a non-asset based company using web-based technology to provide customers a single source for logistics planning and global shipment management. Headquartered in Overland Park, Kansas, Yellow Corporation employs approximately 30,000 people.
SOURCE Yellow Corporation
CONTACT:
Investor Relations Stephen Bruffett of Yellow Corporation, +1-913-696-6108, steve.bruffett@yellowcorp.com
Media Suzanne Dawson of Linden Alschuler & Kaplan, +1-212-575-4545, sdawson@lakpr.com