Comment / Yellow Corp: $5bn sales, $81m market value – says it all...or does it?

ID 17525244 © Kenny1 | Dreamstime.com

Yellow Corp (YELL), once known as YRC Worldwide, is one of the most sizeable less-than-truckload players stateside.

Based on its annuals, it ranked third in the league tables right behind LTL leader FedEx Freight and industry benchmark Old Dominion, enjoying over $5bn in 2022 revenues. Out of which, it made $21.8m in net profit versus a net loss of $109.1m in 2021.

On the brink of collapse, if you recall, it secured a large funding round from the US Treasury in mid-2020 ...