Yellow Boosts Fleet, Deploys More Than 1,200 New, State-of-the-Art Peterbilt Tractors on The Road
April 27 2021 - 11:37AM
Yellow Corporation (NASDAQ: YELL) is proud to announce the purchase
of more than 1,200 new tractors from Peterbilt Motors Company. The
new equipment, Peterbilt’s flagship Model 579 Day Cab, is coming
off their Denton, Texas assembly line daily and is making its way
to Yellow facilities and drivers across the country.
“I’m thrilled to provide this brand-new
equipment to our drivers and buy it from a great American company.
We are proud to refresh and modernize much of our fleet,” said
Yellow Chief Executive Officer Darren Hawkins. “This is not only a
boost for our employees but it’s a win for the economy and
America’s frontline workers.”
In the first quarter of 2021, Yellow took
delivery of more than 1,100 tractors, 1,600 trailers and 140
containers. The Company’s capital expenditures in 2021 are expected
to pump at least $450 million into the U.S. economy.
“It’s an honor to work with Yellow as they begin
the process of refreshing their fleet. The Peterbilt Model 579 Day
Cab with PACCAR MX Engine and PACCAR transmission is a perfect
truck for their applications,” said Jason Skoog, Peterbilt general
manager and PACCAR vice president.
The new equipment will upgrade Yellow’s aging
tractor fleet. The oldest pieces of equipment will be among the
first to retire.
“This is much needed and rolling off the
Peterbilt assembly line at just the right time,” said Yellow Vice
President of Equipment Joe Sturtz. “Pristine equipment will
strengthen customer service and reduce downtime. The new tractors
and trailers are more fuel efficient with industry-leading fuel
economy standards. That is essential for cost savings while helping
to ensure that we are good stewards of the environment,” said
Sturtz.
The Peterbilt 579 Day Cab also includes
innovative safety features, such as collision mitigation radar,
which keeps drivers alert to changing conditions, and infra-red
exterior lighting that adapts to weather. Advanced lane departure
technology helps maintain a tractor’s position on the road.
Yellow Vice President of Safety Tamara Jalving
explained, “Using technology to support safe driving enables us to
create an environment that is beneficial for our drivers and the
motoring public. Combined, these features are essential components
of our overall safety strategy which will now match our
award-winning drivers with the best equipment on the road.”
Yellow’s Dallas distribution center will be
among the first Yellow facilities to receive the new tractors.
Yellow city driver Greg Dam, a 35-year veteran of the company, was
the first of many Yellow employees who will drive the new
equipment.
As Peterbilt’s Denton, Texas plant manager Tina
Albert handed the keys to Dam, she thanked him for his work
throughout the pandemic. “We want to salute our truckers, America’s
front-line workers. Congratulations!” she said.
“This is quite a moment,” said Dam. With a big
smile on his face, he thanked Albert, climbed into the cab and blew
the horn as he drove off the assembly line to applause from
Peterbilt and Yellow employees.
About Yellow CorporationYellow
Corporation has one of the largest, most comprehensive logistics
and less-than-truckload (LTL) networks in North America with local,
regional, national, and international capabilities. Through its
teams of experienced service professionals, Yellow Corporation
offers industry-leading expertise in flexible supply chain
solutions, ensuring customers can ship industrial, commercial, and
retail goods with confidence. Yellow Corporation, headquartered in
Overland Park, Kan., is the holding company for a portfolio of LTL
brands including Holland, New Penn, Reddaway, and YRC Freight, as
well as the logistics company HNRY Logistics.
Please visit our website at www.myyellow.com for
more information.
Media
Contacts: |
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Mike
Kelley |
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913-696-6121 |
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Heather Nauert |
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mike.kelley@myyellow.com |
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heather.nauert@myyellow.com |
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Investor Contact: |
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Tony Carreño |
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913-696-6108 |
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investor@myyellow.com |
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Two photo accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/01bcf69e-408d-447f-a593-de4683ccf2edhttps://www.globenewswire.com/NewsRoom/AttachmentNg/732424cb-9d1d-49f3-8335-837a2a84ae71
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