Yellow is Americas fifth-largest trucking company, also operating Yellow Logistics, a third-party logistics brokerage that offers a wide portfolio of transportation services and is working to bring trucks and technology together. Chief Executive Officer. This is an OVERLAND PARK, Kan.,Nov. 13, 2018(GLOBE NEWSWIRE) (NASDAQ: YRCW). about YRC Freight Named a 2019 Top 100 Trucker by Inbound Logistics Magazine. The relationship between Apollo and the White House runs deep. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Amit Mehrotra, a Deutsche Bank analyst, said that YRCs fleet was twice as old as the industry average and that many of its competitors had been thriving despite the economic upheaval, suggesting that the pandemic merely accelerated the companys demise. The companys stock price soared 74 percent, though it has come down since. He asked Treasury Secretary Steven Mnuchin to help YRC. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. But six weeks after the hearing, YRC received a bailout from the Treasury Department a $700 million loan in exchange for a 30 percent stake in the business. Darren Hawkins - CEO Jamie Pierson - CFO Conference Call Participants Operator Good afternoon, and welcome to YRC Worldwide's First Quarter 2020 Earnings Call. We will continue to monitor the COVID-19 situation closely and adjust accordingly. In 2018, the Justice Department sued YRC, accusing it of overcharging and defrauding the Defense Department out of millions of dollars over a seven-year period. It sends a chilling message to the American people that the Trump administration has no problem throwing nearly a billion dollars to wealthy, well-connected companies like YRC, while they refuse to provide adequate assistance for the unemployed or protect workers as the pandemic worsens, said Kyle Herrig, the president of Accountable.US. He is dedicated to adding the technology of Yellow Logistics to the combined power of Yellows network to provide significant market leverage and bring our customers new service opportunities. No former president has ever confronted the barrage of legal threats that Donald J. Trump now faces, all of which appear to be heading toward key decision pointsby the authorities in coming months. Darren D. Hawkins serves as Chief Executive Officer, Director of the Company. There are no executives at Yellow getting paid more. Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . Each year, the magazines editors conduct a qualitative assessment of service YRC Freight is proud to announce that Neil Nogues, professional driver from New Hampshire, received the Neill Darmstadter Professional Excellence Award at the 2018 National Truck YRC Freight has been named for the fourth time as the National Shippers Strategic Transportation Councils (NASSTRAC) National LTL Carrier of the Year. Anyone can read what you share. Mr. Darren D. Hawkins Page 2 of the coronavirus pandemic."3 On July 1, 2020, Treasury announced the first loan under the program, a $700 million loan to trucking company YRC Worldwide (now Yellow). An experienced attorney, Dawson previously worked at the Kansas City offices of two top international law firms, Bryan Cave Leighton Paisner LLP and Dentons LLP, where she provided counsel focusing on corporate, securities and finance law. Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. At YRCW, our key focus remains on the health and safety of our employees and the critical needs of our customers. The company Inbound Logistics recognizes YRC Freightas a 2016 Top 100 Trucker for consistently providing premium service, reliability, scalability the watchwords of supply chain professionals who need For the third time in five years, Walmarts transportation executive team named YRC Freight its National LTL Carrier of the Year. It has also raised questions about whether YRC benefited from a web of connections between the company and the White House that allowed it to bypass the Trump administrations own rules for which companies should be eligible for federal help. Hawkins worked at Yellow Freight from 1991 to 2009 and Con-way Freight from 2009 to 2012 before returning to YRC Freight in 2013. about YRC Freight Named by Women in Trucking as 2018 Top Company for Women to Work for in Transportation. Her 30-year career at Cardinal Health included numerous leadership positions with increasing responsibilities on the tech side. Intensifying investigations. As CFO of Yellow Corporation, Dan Olivier is responsible for corporate finance, treasury, cash management, accounting, tax and risk management/internal audit. In April, President Trump tapped YRCs chief executive, Darren Hawkins, to serve on a coronavirus economic task force and in January, he nominated the companys former chief executive, William Zollars, to the United States Postal Services board of governors. Last month, the commission opened an inquiry into whether the company, which ships meal kits, protective equipment and other supplies to military bases, was really worthy of a rescue. The companies were formed over a forty-three year period with the most recent being incorporated eleven months ago in January of 2022. Congress has not raised the 24.4 cents-per-gallon diesel tax and 18.4 cents-per-gallon gas tax since 1993. We cant figure out how were going to pay for this, said DeFazio. . Since becoming CEO in 2018, Hawkins has led the Yellow team in making its most significant investments ever to build on its 100 years of service to North American supply chain customers. Darren Hawkins, CEO Share Posted: March 27, 2020 Category: YRC News Security 500 - 1st in Logistics Industry Security is a monthly business magazine for security executives. Most recently, Bergman was a member of the Dicom Transportation executive leadership team where he was responsible for the organizations enterprise commercial strategy and marketing services for developing supply chain solutions across all Dicom business units. YRC Worldwide CEO Darren Hawkins talks with TranzAct Technologies' Co-Founder Mike Regan about the State of the LTL Marketplace as well as the recent U.S. Go. Darren is currently serving as Second Vice Chairman of the American Trucking Associations, the largest national trade association for the trucking industry. Around here were paralyzed. The most recent stock trade was executed by Scott D. Ware on 27 November 2020, trading 15,000 units of YRCW stock currently worth $93,750. To limit disruptions, we encourage you to contact your consignee to make sure they will be there to accept delivery. Over the years, she has provided support for Cardinal Health businesses units that include Pharmaceutical, Pharmaceutical Distribution, Nuclear Pharmacy Services, and Enterprise Customer and Sales functions. As he put it, If we are going to tackle congestion, we need a thoughtful approach that provides states and local communities with the flexibility to do what makes sense given their unique circumstances, because no single solution is going to work everywhere.. Just tell us when and wheresimple as that. Olivier has a bachelors degree in Accounting from Trinity Christian College and began his career in public accounting. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nations freight. One of the companies is still active while the remaining three are now listed as inactive. As Chief Executive Officer at YELLOW CORP, Darren D. Hawkins made $2,076,468 in total compensation. "We look forward to having Darren serve on the ATRI Board," said McReynolds. He is a market-driven collaborative team builder and solutions leader with a proven track record of growing established businesses. Since becoming CEO in 2018, Hawkins has led the Yellow team in making its most significant investments ever to build on its 100 years of service to North American supply chain customers. WASHINGTON As policymakers evaluate viable long-term approaches to fund the countrys transportation network, a trucking industry executive warned against relying on tolling. We have estimated Darren Hawkins's net worth , money, salary, income, and assets. YRC was already in a precarious position given that they werent a very profitable company, they were already losing volume and market share, and theyve been trying to turn this around forever, said David Ross, an analyst at the investment firm Stifel. [Stay on top of transportation news: Get TTNews in your inbox.]. Some members of the commission also want to look into whether YRCs relationship with Apollo influenced the approval of the loan, according to a person familiar with the matter. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Coronavirus Concerns for Carriers Hear how one major carrier is dealing with the challenges posed by the coronavirus. Recently, prosecutors under the current district attorney. about YRC Freight Again Selected as NASSTRACs National LTL Carrier of the Year. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Rescue of Troubled Trucking Company With White House Ties Draws Scrutiny, https://www.nytimes.com/2020/08/03/us/politics/yrc-coronavirus-relief-funds.html. 2023 Yellow Corporation. Executive Vice President, General Counsel and Secretary, Senior Vice President, Treasury and Investor Relations. He has written many articles in this field. In 2017, Josh Harris, a founder of Apollo, advised the Trump administration on infrastructure policy and discussed a possible White House job with Jared Kushner, Mr. Trumps son-in-law and senior adviser. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. President and Chief Operating Officer of the Company (January 2018 April 2018), President (February 2014 December 2017), Senior Vice President, Sales and Marketing (January 2013 February 2014) of YRC Freight; Director of Operations (December 2011 January 2013) and Director of Sales (January 2009 December 2011) for Con-Way Freight, a subsidiary of Con-Way, Inc.; various positions of increasing responsibility with Yellow Transportation, Inc. (1991 2009); Member of the American Transportation Research Institute Board (2018). 80 M Street SE, Suite 800, Washington, D.C., 20003, YRC President Darren Hawkins testifies before House panel Sept. 11. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. He holds a Bachelor of Arts degree from Rutgers University and teaches at the Rutgers Business School Department of Supply Chain Management. According to ATA, if this Build America Fund were to be enacted it would generate $340 billion in approximately 10 years. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions . Despite a persistent call-to-action from nearly every aspect of the freight community, transportation leaders have not demonstrated a sense of urgency. All rights reserved. Harriss expertise and leadership will be instrumental in growing Yellows super regional network across North America, developing customer service enhancements and expanding teams to include best-in-class LTL freight professionals across the Holland, New Penn, Reddaway, YRC Freight and Yellow Logistics brands. Classified documents. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. As Yellow Corporations Chief Commercial Officer, Jason W. Bergman leads the industry-leading enterprise sales organization comprised of corporate, local, and 3PL channels, and the marketing services team. To be eligible, most companies are supposed to have government contracts that involve emergency preparedness functions or top-secret facilities. He is from . about Inbound Logistics 2016 Top 100 Trucker. Hush money. YRCs loan came from a discrete $17 billion pot of money set up by Congress and controlled by Mr. Mnuchin to help companies that were designated as critical to national security. The 32-year-old took on the role of the former car salesman in 2004. Darren Hawkins, president and CEO of YRC Worldwide, emphasized the industrys concerns with the conversion of existing toll-free interstate highway lanes to tolled facilities during a hearing of the House Highways and Transit Subcommittee. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The CEO of Yellow Corp., the trucking company formerly known as YRC Worldwide, told FOX Business Friday . YRC Worldwide was named. The case, which took a dramatic turn when the F.B.I. As President and Chief Operating Officer of Yellow Corporation, Darrel Harris will focus on the Companys enterprise transformation strategy, collaborating across all areas of the business from sales and operations to human resources and network optimization. Of this total $750,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $1,196,628 was awarded as stock and $129,840 came from other types of compensation. None of the information on this page has been provided or approved by YRC Freight. 80 M Street SE Suite 800 As Chief Executive Officer, Darren Hawkins leads Yellow Corporation, a $5.1 billion North American trucking company that operates the nation's second largest less-than-truckload network. YRC Freight is honored to be selected as one of the 2018 Top 50 Companies for Women YRC Freight has again been named as a Top 100 Trucker by Inbound Logistics magazine. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. Amending the federal ban on tolling interstate highways falls under Congress jurisdiction. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. Darren's mailing address filed with the SEC is 10990 ROE AVENUE, , OVERLAND PARK, KS, 66211. Last year it posted a net loss of $104 million. YRC Freight has 19,000 employees, of which 5 are in a leadership position. Their health, safety and well-being is vitally important, so as the COVID-19 health crisis continues to evolve, we stay apprised of U.S. Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), Health Canada and state leaders updates. about GI Jobs Magazine Military Friendly Employers. Over the past two decades, Olivier has advanced through various accounting and finance roles at Yellow Corporation, most recently having served as Vice President of Financial Planning & Analysis for Yellow Corporation, and prior to that, Vice President, Finance for Holland. 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He has worked as Front Desk Agent at Holiday Inn Express & Suites, Central Dispatch Operator Trainee at YRC Freight, and Order Fulfillment at Challenger Teamwear. Darren Hawkins's income source is mostly from being a successful . Its top 500 enterprises are listed by the quality of their security programs. In this interview, Darren Hawkins discusses questions such as: A Defense Department spokesman referred questions to the Treasury Department when asked why YRC was critical to the countrys security. Absent significant upgrades and repairs to key freight and commuter corridors, congestion has worsened at major metropolitan regions, other stakeholders told lawmakers at the hearing. As Chief Information Officer of Yellow Corporation, Annlea Rumfola oversees all information technology teams, systems, processes and support functions for one of the largest, most comprehensive trucking networks in North America. YRC Worldwide, Inc. (YRCW) Q4 2019 Earnings Conference Call February 4, 2020 5:00 PM ETCompany ParticipantsEric Birge - VP, IRDarren Hawkins - CEO & DirectorJames Pierson - CFO,. The Treasury Department submits all applications that do not meet those criteria to the Defense Department for review. Favorite Healthcare Staffing Jobs Near Me, Senior Software Engineer jobs at YRC Freight, Inside Sales Account Executive jobs at YRC Freight, Account Representative jobs at YRC Freight. YRC Worldwide CEO Darren Hawkins talks with TranzAct Technologies' Co-Founder Mike Regan about the State of the LTL Marketplace as well as the recent U.S. Government deal YRCW made.This interview from August, 2020, is an exclusive insight into YRCW's strategic goals, which includes advice for shippers looking to partner with their carriers in the current COVID environment and beyond.For more insights, go to www.tranzact.com, where you can find additional information on how shippers can succeed. You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. This report is not for commercial use. Treasury said that it had relied on a certification by the Secretary of Defense that Yellow was "critical to maintaining national Darren Hawkins (born April 15, 1966) is an American professor and the current chair of the department of Political Science at Brigham Young University.Hawkins is an expert on international conventions and international law. searched Mar-a-Lago, has been complicatedby the discovery that President Bidenand former Vice President Mike Pencealso had classified files in their possession. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Work At YRC Freight? Coronavirus Tips Working and Protection. Mike Kelley, a YRC spokesman, declined to comment. It was the first company to receive a loan from that fund. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Darren D Hawkins CEO at Yellow Corporation Nashville, Tennessee, United States 3K followers 500+ connections Join to view profile Yellow The University of Memphis About Experienced CEO and. You may also find the annual proxy statement by going directly to the company's website. With our national LTL network and 344 locations, we are ready to meet the ever-evolving needs this medical crisis continues to present. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. In announcing the decision on July 1, Mr. Mnuchin said, This loan will enable a critical vendor to the Department of Defense to maintain significant employment while providing appropriate compensation to taxpayers and estimated that 30,000 trucking jobs would be saved. Witnessestestifying before the House Subcommittee on Highways and Transit during the Sept. 11 hearing on "Pricing and Technology Strategies to Address Congestion on and Financing of Americas Roads." He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. about YRC Freight Professional City Driver Russell James Named to Americas Road Team. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions reduction technologies, while simultaneously opening 16 new Driving Academies developing a pipeline for the next generation of truck drivers. The data presented on this page does not represent the view of YRC Freight and its employees or that of Zippia. YRC's market cap is. So, how much is Darren Hawkins worth at the age of 56 years old? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Its top 500 enterprises are listed by the quality of their security programs. 2023 Yellow Corporation. The headquarters of YRC Worldwide in Overland Park, Kan. The company began shedding workers, delayed payments to health funds for its union workers and, in late April, applied to the federal government for financial assistance. TranzAct has been offering supply chain solutions since 1984, and can use our technology, knowledge, and network for you.Get in touch at solutions@tranzact.com or 630.833.0890.Check out the rest of this 2:00 Minute Warning: https://blog.tranzact.com/2-minute-warning/yrc-ltl-market-updatesView our 2:00 Minute Warnings here: https://www.youtube.com/playlist?list=PL6DA439EEE7804393Download this ebook to learn what factors inside your organization influence your costs, what levers you can use to make changes and how to quantify the impact. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. and a Ph.D. in political science, both from . As of 27 February 2017 he still owns at least 51,357 units of Yellow stock. On average, Darren trades about 2,373 units every 33 days since 2014. The inquiry one of two casesinherited in November by the special counsel, Jack Smith could be completed by spring or early summer. Yellow executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. (transportation.house.gov), Transport Topics Top 100 list of the largest for-hire carriers in North America, Federal Grant to Make Golden Gate Bridge Safer From Earthquakes, Senate Transportation Leaders Applaud Water Bills Passage, Democrats, Republicans Tout Infrastructure Ahead of Midterm Elections, CVSA International Roadcheck Event Set for May 16-18 | Transport Topics, ATAs Bob Costello Presents Mixed Picture on Economy | Transport Topics, Big G Express Acquires RTR Transportation | Transport Topics, Transportation Experts Divided on FMCSAs Rejection of IRT | Transport Topics, ATAs Chris Spear Proposes Excise Tax Repeal | Transport Topics, 2023 Transport Topics | All Rights Reserved. She holds an MBA from Ashland University. Yellow has more than 300 terminals coast-to-coast and its team of 30,000 freight professionals transport more than 17 million shipments annually for North Americas smallest and largest businesses. Of this total $1,100,000 was received as a salary, $893,369 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $125,100 came from other types of compensation. Darren Hawkins Net Worth. YRCs fortunes have been fading for years, beginning in 2009 when two of its shipping competitors, FedEx and Conway, engaged in a price war in hopes of driving it out of the market. about Bobby Elrod Reaches Safety Achievement of 5-Million Accident-Free Miles. In April, President Trump tapped YRC's chief executive, Darren Hawkins, to serve on a coronavirus economic task force and in January, he nominated the company's former chief executive,. Overland Park KS 66211, United States. The White House has not unveiled a comprehensive plan since the start of the divided government session of Congress this year. The panel, which was created as part of the legislation that was signed in March to oversee distribution of $2.2 trillion in federal virus relief, said it found the agreement questionable and predicted that the government could end up losing money on the deal given the companys precarious financial position. Apollo, which is YRCs biggest creditor, said it was not involved in YRCs decision to seek the Treasury Department loan and noted that it is one of several lenders invested in the company. Analysts attributed its financial malaise to a long period of mismanagement and neglect of its fleet of trucks. The YRC loan appears to be an exception. /PRNewswire-USNewswire/ -- YRC Worldwide President and Chief Operating Officer Darren D. Hawkins has been appointed to the Board of Directors of the American. about YRC Worldwide Recognizes Environmental Excellence. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. The Justice Department has been asking questions for more than a year about Mr. Trumps efforts to overturn the election and whether he committed any crimes in connection with the Jan. 6 attack. Learn about what the company is seeing in the market, how they uniquely serve the industry, and their plans for the future. In his 45-year career with YRC Freight, Bobby Elrod has reached the elite safety milestone of driving five-million consecutive miles without a single accident. The inquiry into Mr. Trumps role in paying hush money to the porn actress Stormy Daniels during his 2016 campaign has spanned five years, two Manhattan district attorneys and multiple grand juries. Charli Hawkins was appointed by ATRI Chairman Judy McReynolds, president and CEO of ArcBest Corporation at ATRI's January board meeting. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. Harris began his career as a dock worker for a prominent LTL carrier, where he then spent nearly two decades holding various leadership roles of ever-increasing responsibilities in both operations and sales. Since becoming CEO in 2018, Hawkins has led the Yellow team in making its most significant investments ever to build on its 100 years of service to North American supply chain customers. 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Prominent historians and conservation experts explain the architectural relevance of buildings ranging houses!