Yellow Logistics, a Third-Party Logistics Broker and Subsidiary of Yellow Corporation, Flourishes as Shippers and Vendors Turn to 3PL Logistics Providers
27 Julho 2023 - 6:57PM
Yellow Corporation (NASDAQ: YELL) is exploring opportunities to
divest its successful 3PL, Yellow Logistics, Inc., and is currently
engaged with multiple interested parties regarding the sale of its
independent Third-Party Logistics organization. The discussions are
active and ongoing. Yellow Logistics is a customer-specific
logistics solution provider that specializes in truckload,
residential, contract logistics, engineered solutions,
distribution, and warehousing and is operated through an
independent, non-union subsidiary of Yellow.
"Yellow Logistics is one of the fastest growing 3PLs in the
industry and has been since its inception," Jason Bergman,
president of Yellow Logistics and chief commercial officer at
Yellow Corporation said, “Yellow Logistics has proven to be a
strategic and reliable partner to its customers and providers. Our
deep knowledge of moving freight in multiple modes and knowing how
to execute on these solutions reliably and within customers’
budgets adds value and strengthens their supply chains. We are
enthusiastic about our team’s ability to help customers accelerate
growth for their portfolios.”
Yellow Logistics continues to operate and has the full support
of the Yellow organization. We will continue to service our
customers, protect our vendors and Yellow Logistics employees.
For more information on Yellow Logistics, click here.
About Yellow LogisticsYellow Logistics is
a coast-to-coast third-party logistics (3PL) brokerage that
combines trucks, technology and talented professionals to deliver
customized shipping solutions.
To learn more about Yellow Logistics and our services,
visit myyellowlogistics.com.
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Media Contact: |
Heather Nauert |
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heather.nauert@myyellow.com |
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Investor Contact: |
Tony Carreño |
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913-696-6108 |
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investor@myyellow.com |
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