Their service will only improve. The terminal network is the third introduction in the past two years of next-day service by Yellow in areas where the company did not previously have a regional presence. Jindel also sees opportunities for Yellow to simplify pricing by updating and consolidating multiple tariffs. On-time performance and transit times are leading issues for LTL shippers, which saw overall carrier service deteriorate in , as the COVID pandemic disrupted supply chains and trucking operations.
A survey of LTL shippers last September found 70 percent had experienced transit time delays of one to two days, while Reorganizing its terminal network will allow Yellow to create more next-day lanes, filling gaps in regional service, Hawkins said.
The carrier last year created a Central South next-day regional network with nine terminals in five states. The new Mid-Atlantic next-day network covers four states. Yellow is one of the largest Teamsters employers in the US, and its employees make up a large portion of the Teamsters Freight division. To support expansion, however, Yellow needs to get back in the black. Its last profitable quarter was the first quarter of LTL shipments per workday in the fourth quarter were flat year over year but dropped 1.
Revenue per LTL shipment, excluding surcharges, rose 4. That loan gave the company the runway to reorganize, but Yellow is in a competitive race with increasingly profitable peers. Hawkins believes the optimization of the terminal network and its operations, along with the replacement of its aging fleet of vehicles with new tractors and trailers, is a route back to profitability.
We believe hiring people with varied characteristics builds a stronger workforce. The YRC Freight commitment to diversity lets everyone reach his or her full potential in our organization. These activities help to build community. We invite agencies, such as universities, chambers of commerce, diversity organizations, local and state employment agencies and area Office of Federal Contract Compliance Programs and Equal Employment Opportunity Commission representatives.
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