Yellow Corporation
Yellow Corporation was a US less-than-truckload (LTL) freight carrier operating one of the largest LTL networks in North America through brands including YRC Freight, New Penn, Holland, and Reddaway, serving enterprise retail and e-commerce shippers before ceasing operations in August 2023 under Chapter 11.
- Company typePrivate
- Founded1924
- HeadquartersOverland Park, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Yellow Corporation does
Yellow Corporation (formerly YRC Worldwide) was a US-based less-than-truckload (LTL) freight transportation and logistics provider founded in 1924 and headquartered in Overland Park, Kansas. At its peak, the company operated one of the largest LTL networks in North America through multiple brand subsidiaries: YRC Freight (national LTL), New Penn Motor Express (Northeast regional), USF Holland (Midwest regional), USF Reddaway (Pacific Northwest and California regional), Yellow Logistics (logistics and supply chain), and YRC Enterprise Services (shared corporate services). The company managed over 300 terminal locations across the United States and Canada and served large enterprise shippers with national and regional cargo distribution needs.
The company monetized through LTL freight rates and logistics services contracts, with pricing set per pound and per hundredweight against the prevailing US LTL market. Yellow served enterprise retail and e-commerce shippers as its primary customer segment, with Walmart and Amazon cited as major clients. Technology was operational rather than differentiated: online customer portals for tracking, documents, invoices, and claims existed across each sub-brand's web tool, but no proprietary platform architecture or technology moat is described in the source material.
Following more than 15 years of financial difficulty and roughly $6.5 billion in outstanding pension obligations, Yellow Corporation filed voluntary Chapter 11 petitions in Delaware on August 6, 2023, and ceased operations shortly thereafter. Asset sales generated an estimated $650–700 million in liquidation value, including over $236 million gross from rolling stock and approximately $10 million gross from six terminal sales. A federal bankruptcy judge approved the Chapter 11 liquidation plan on December 2, 2025 over objections from MFN Partners (the largest shareholder at over 42% of the company). The company's departure removed roughly $5 billion in annual revenue capacity from the US LTL market.
Yellow Corporation firmographics
Firmographics- Name
- Yellow Corporation
- Legal name
- Yellow Corporation
- Website
- https://yrc.com
- Company type
- Private
- Founded year
- 1924
- Operating status
- Closed
- Headcount range
- 5,001–10,000 employees
- Short description
- Yellow Corporation was a US less-than-truckload (LTL) freight carrier operating one of the largest LTL networks in North America through brands including YRC Freight, New Penn, Holland, and Reddaway, serving enterprise retail and e-commerce shippers before ceasing operations in August 2023 under Chapter 11.
- Ownership category
- akta.pro rank
Yellow Corporation industry classification
Industry- Product category
- Less-Than-Truckload Freight Transportation
- NAICS
- General Freight Trucking, Long-Distance (48412), General Freight Trucking (4841)
- SIC
- Trucking & Courier Services (No Air) (4210), Trucking (No Local) (4213), Arrangement Of Transportation Of Freight & Cargo (4731)
- akta.pro primary industry
- National/Regional LTL General Freight Carriers (TLADAEAA)
- akta.pro secondary industry
- Regional Next-Day LTL Carriers (TLADAEAB)
Keywords
Where Yellow Corporation is headquartered
LocationHeadquarters
- HQ city
- Overland Park
- HQ country
- United States
- HQ region
- North America
Markets served
Yellow Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Yellow Corporation product offering
Product offeringCore offering
Yellow Corporation was a less-than-truckload (LTL) freight transportation carrier operating across the United States and Canada through multiple regional subsidiaries. The company transported commercial freight shipments typically ranging from 100 to over 10,000 pounds for business customers, previously operating under the name YRC Worldwide before filing for Chapter 11 bankruptcy on August 6, 2023, and ceasing operations.
Product overview
Yellow Corporation was a unified less-than-truckload (LTL) freight network operating under a multi-brand portfolio structure. The company，整合了YRC Freight（全国性LTL服务）、New Penn（东北部区域性服务）、Holland（中西部区域性服务）和Reddaway（太平洋西北部和加州区域性服务）以及Yellow Logistics（物流服务），通过各自的在线客户门户提供追踪、单据、开票和索赔管理。Yellow Corporation及其附属公司于2023年8月6日根据《美国破产法》第十一章自愿申请破产保护，公司在运营近一个世纪后停止运营。
Differentiator
Problem solved
Functional benefit
Brands
- YRC Freight: Less-than-truckload freight shipping services operated by YRC Inc.
- Holland
- Reddaway
- New Penn
Products and services
- YRC Freight National less-than-truckload freight transportation service providing long-haul LTL pickup and delivery across the United States for commercial shippers with general freight typically ranging from 100 to over 10,000 pounds.
- New Penn Regional less-than-truckload freight carrier providing next-day LTL pickup and delivery services in the Northeastern United States and parts of Canada.
- Holland Regional less-than-truckload freight carrier providing next-day LTL service across the Midwest United States, including states such as Michigan, Ohio, Indiana, Illinois, and surrounding areas.
- Reddaway Regional less-than-truckload freight carrier operating in the Pacific Northwest and Western United States, providing next-day and second-day LTL delivery for commercial customers.
- Yellow Logistics Logistics and supply chain solutions arm providing brokerage, dedicated, and managed transportation services complementary to Yellow's LTL network.
- YRC Enterprise Services Enterprise freight services unit of Yellow providing tailored LTL solutions, account management, and dedicated capacity for large national shippers.
Companies that use Yellow Corporation
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles2 records
Yellow Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Yellow Corporation partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights2 records
Yellow Corporation competitors and assessment
Company assessmentDirect peers
- Estes Express Lines: One of the largest privately held LTL carriers in the US, named in the data as a direct beneficiary of Yellow's exit. Closest private-market comparable in business model and geographic coverage.
- XPO: Major national LTL carrier with extensive terminal network. Explicitly named in the data as a buyer of Yellow's terminals and assets, making it a direct operational and geographic comparable.
- Old Dominion Freight Line: The largest US LTL carrier by revenue and the operational gold standard. Directly comparable to Yellow's national LTL network with superior financial performance; one of the principal beneficiaries absorbing Yellow's $5B capacity exit.
- TFI International (TForce Freight): North American LTL and truckload operator following its 2021 acquisition of UPS Freight. Comparable multi-brand LTL structure to Yellow's portfolio of regional and national brands.
- ArcBest (ABF Freight): National LTL carrier operating under the ABF Freight brand, plus asset-light logistics. Direct competitor to Yellow's national LTL network with comparable service profile.
- R+L Carriers: Privately held national LTL carrier with regional brand extensions, providing direct parallel to Yellow's multi-brand structure combining national and regional LTL operations.
- Saia Inc. Large LTL carrier with nationwide coverage that absorbed meaningful capacity following Yellow's exit. Operates a similar hub-and-spoke terminal model to Yellow's former network.
- Averitt Express: Multi-service transportation provider with LTL as a core offering. Comparable in combining regional LTL density with broader supply chain services, similar to Yellow's Yellow Logistics offering.
- Southeastern Freight Lines: Large privately held regional-to-national LTL carrier operating a hub-and-spoke network. Comparable to the regional LTL sub-brands Yellow operated (Holland, Reddaway, New Penn).
Broad incumbents
- FedEx Freight: Largest US LTL carrier as part of FedEx Corp's portfolio. Provides direct national LTL competition at massive scale, offering the broad incumbent comparison to Yellow's smaller network.
Market position
Strengths2 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
Yellow Corporation social profiles
Digital presenceYellow Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yellow Corporation leadership team
Management profileNumber of profiles
Yellow Corporation subsidiaries and ownership
Company hierarchySubsidiaries6 records
Yellow Corporation funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yellow Corporation M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yellow Corporation
What does Yellow Corporation do?
Yellow Corporation was a less-than-truckload (LTL) freight transportation carrier operating across the United States and Canada through multiple regional subsidiaries. The company transported commercial freight shipments typically ranging from 100 to over 10,000 pounds for business customers, previously operating under the name YRC Worldwide before filing for Chapter 11 bankruptcy on August 6, 2023, and ceasing operations.
Is Yellow Corporation a public or private company?
Yellow Corporation is a private company. It is classified as public and is currently closed.
When was Yellow Corporation founded?
Yellow Corporation was founded in 1924. It employs 5,001 to 10,000 people.
Where is Yellow Corporation based?
Yellow Corporation is headquartered in Overland Park, United States, in the North America region.
Who are Yellow Corporation's main competitors?
Direct peers on record are Estes Express Lines, XPO, Old Dominion Freight Line, TFI International (TForce Freight), ArcBest (ABF Freight), R+L Carriers, Saia Inc., Averitt Express and Southeastern Freight Lines. FedEx Freight is listed as a broad incumbent.
Does Yellow Corporation have an API?
No public API is recorded for Yellow Corporation.
What industry is Yellow Corporation in?
Yellow Corporation's product category is Less-Than-Truckload Freight Transportation. Its primary akta.pro industry code is TLADAEAA, National/Regional LTL General Freight Carriers, with a secondary code of TLADAEAB, Regional Next-Day LTL Carriers. Its NAICS code is 48412 and its SIC code is 4210.