Yellow Roadway’s board authorizes stock repurchase

Yellow Roadway’s board authorizes stock repurchase    Yellow Roadway Corp. said Wednesday its board of directors has approved a stock repurchase program that authorizes the company to repurchase up to $50 million of its common stock.
   “This program reflects our confidence in the strategy of Yellow Roadway and the belief that our stock is significantly undervalued in the market,” stated Bill Zollars, chairman, president and chief executive officer of Yellow Roadway.
   Yellow Roadway said the repurchase program does not have an established expiration date.
   Overland Park, Kan.-based Yellow Roadway has more than 70,000 employees. The company’s subsidiaries include Yellow Transportation, Roadway Express, Reimer Express, USF, New Penn Motor Express and Meridian IQ.