Yellow Transportation Receives Customs Self Assessment Certification For Canadian Shipments
Yellow Transportation Receives Customs Self Assessment Certification For Canadian Shipments
Dec 20, 2002 at 12:00 AM EST
Yellow Transportation Receives Customs Self Assessment Certification For Canadian ShipmentsOVERLAND PARK, Kan., Dec. 20 /PRNewswire-FirstCall/ -- Yellow Transportation, the largest subsidiary of Yellow Corporation (Nasdaq: YELL) today announced it has received Customs Self Assessment (CSA) approval from the Canada Customs and Revenue Agency (CCRA). The CSA initiative is designed to streamline the customs process for low-risk shipments moving from the US to Canada through improved data collection and processing.
CSA focuses on establishing a partnership agreement, based on risk assessment and improved technology, between the Canada Customs and Revenue Agency (CCRA) and businesses. CSA certification helps increase cross-border shipment efficiency by electronically transmitting shipment data to Canadian Customs shortly after pickup. This improves handling and processing of customs-related information and reduces unnecessary delays at the Canadian border.
"The CSA certification is another example of the strong commitment of Yellow to provide our customers with the highest level of service," said James Welch, president and chief executive officer of Yellow Transportation. "The CSA designation translates to faster service, reduced customs costs and better tracking for low risk shipments to Canada."
CSA certification and the associated process improvements will benefit Yellow customers through:
About Yellow Corporation
Yellow Corporation is a holding company with wholly owned operating subsidiaries. Its largest subsidiary, Yellow Transportation, offers a full range of national, regional and international services for the movement of industrial, commercial and retail goods. Meridian IQ is a non-asset based company using Web-native technology to provide customers a single source for transportation management solutions and global shipment management. Yellow Technologies is a captive resource providing innovative technology solutions and services exclusively for Yellow Corporation companies. Headquartered in Overland Park, Kansas, Yellow Corporation employs approximately 23,000 people.
SOURCE Yellow Corporation
-0- 12/20/2002
/CONTACT: Public Relations, Suzanne Dawson of Linden Alschuler & Kaplan
CSA focuses on establishing a partnership agreement, based on risk assessment and improved technology, between the Canada Customs and Revenue Agency (CCRA) and businesses. CSA certification helps increase cross-border shipment efficiency by electronically transmitting shipment data to Canadian Customs shortly after pickup. This improves handling and processing of customs-related information and reduces unnecessary delays at the Canadian border.
"The CSA certification is another example of the strong commitment of Yellow to provide our customers with the highest level of service," said James Welch, president and chief executive officer of Yellow Transportation. "The CSA designation translates to faster service, reduced customs costs and better tracking for low risk shipments to Canada."
CSA certification and the associated process improvements will benefit Yellow customers through:
Expedited customs clearing on low-risk shipments
Electronic communication of all documents related to the customs clearing process
Reduced costs associated with customs compliance
Immediate Customs Release for qualified CSA participants
Reduced handling and delivery on arrival
Reduced exposure to AMPS (Administrative Monetary Penalty System) for administrative errors
About Yellow Corporation
Yellow Corporation is a holding company with wholly owned operating subsidiaries. Its largest subsidiary, Yellow Transportation, offers a full range of national, regional and international services for the movement of industrial, commercial and retail goods. Meridian IQ is a non-asset based company using Web-native technology to provide customers a single source for transportation management solutions and global shipment management. Yellow Technologies is a captive resource providing innovative technology solutions and services exclusively for Yellow Corporation companies. Headquartered in Overland Park, Kansas, Yellow Corporation employs approximately 23,000 people.
SOURCE Yellow Corporation
-0- 12/20/2002
/CONTACT: Public Relations, Suzanne Dawson of Linden Alschuler & Kaplan