• ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,353.780
    -79.690
    -0.5%
  • OTLT.USA
    2.732
    0.005
    0.2%
  • OTRI.USA
    20.880
    0.030
    0.1%
  • OTVI.USA
    15,332.660
    -75.700
    -0.5%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

YELLOW CORP’s NET INCOME FALLS SHARPLY

YELLOW CORPÆS NET INCOME FALLS SHARPLY

   Yellow Corp., the multimodal transportation and logistics holding company, reported second-quarter net income of $5.7 million, down from $23.5 million for the year-earlier period.

   Income from operations was $17.6 million, compared to $46.0 million in the second quarter of 2000. Revenue was down to $824.8 million, from $904.2 million.

   For the first six months of 2001, net income was $7.4 million, down from $33.9 million last year. Income from operations fell to $30.1 million, from $71.3 million, while revenue was $1.66 billion, down from $1.79 billion.

   Yellow Freight System, the company's largest subsidiary, reported operating income of $15.4 million, down from $26.6 million a year earlier. Revenue was $628.6 million, down from $696.7 million in the second quarter of 2000.

   Saia Motor Freight Line reported improved operating income of $5.1 million, compared to $3.7 million last year. Revenue rose slightly to $123.0 million, from $122.1 million.

   Jevic, which along with Saia, is part of the regional carrier group, saw operating income of $1.6 million, down from $2.7 million last year. Revenue fell to $72.6 million, from $76.7 million.

   Transportation.com, which concluded its first year of operation in the second quarter, reported revenue of $7.7 million, up 16.4 percent over the first quarter.

   The non-asset-based logistics company said the second quarter results reflect a $1.2-million after-tax loss, due to ongoing business expenses.

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