Yellow Corp. Announces Second Round of Layoffs

In spite of record-setting profits in 2000, Yellow Corp. has announced a second round of layoffs just two months into 2001.

The company said Feb. 12 it has placed an additional 160 salaried employees on layoff status. The first round of cuts took place a month before that and affected 75 people.

Of the 235 people let go, most worked for Yellow Freight System, the corporation’s flagship less-than-truckload carrier. According to spokesman Roger Dick, a smaller number worked for either Yellow Technologies or the parent holding company.

Yellow has about 7,000 full-time, non-union salaried employees around the nation. The cumulative total dismissed amounts to 3.4% of that.

Of the 160 February layoffs, 60 worked in the company’s Overland Park, Kan., headquarters and the rest worked in Yellow’s 377 North American field offices.

For the full story, see the Feb. 19 print edition of Transport Topics. Subscribe today.