June 10, 2002

Yellow Corporation CEO to Present at Merrill Lynch Global Transportation Conference

OVERLAND PARK, Kan., Jun 10, 2002 -- Yellow Corporation (Nasdaq: YELL) today announced that the company will make a presentation at the Merrill Lynch Global Transportation Conference held at The St. Regis Hotel in New York, NY. William D. Zollars, Yellow Corporation Chairman, President and CEO, will make the presentation on June 13, 2002 at 1:45 pm EDT. Investors may access a webcast of the presentation at: www.on24.com/clients/merrill/conference_020611 / submit.asp?presenter=yellowcorpo.

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 transportation management solutions and global shipment management. Headquartered in Overland Park, Kansas, Yellow Corporation employs approximately 28,000 people.

SOURCE Yellow Corporation

Stephen Bruffett of Yellow Corporation, +1-913-696-6108, steve.bruffett@yellowcorp.com

Suzanne Dawson of Linden Alschuler & Kaplan, +1-212-575-4545, sdawson@lakpr.com

URL: http://www.on24.com/clients/merrill/conference_020611

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