Transport Topics (February 8, 2021)
The company formerly known as YRC Worldwide, now going by Yellow Corporation, released its first earnings report since its name change, reporting Q4 net losses widened to $18.7 million compared with a loss of $15.3 million in 2019. Other trucking companies fared better, however. Universal Logistics Holdings reported its highest fourth-quarter earnings on record, showing net income of $16.2 million, a 59.9% increase compared with $8.7 million in 2019. USA Truck posted record fourth-quarter earnings too, listing net income of $5.9 million compared with a net loss of $4.8 million during the same time the previous year.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices