Yellow Roadway Corp. - Transportation / Trucking  -  Category Directory

10990 Roe Avenue

Overland Park, Kansas 66211
(913) 696-6100
www.yellowroadway.com

Sales

$3.1 billion

Business Description
Yellow Roadway Corporation (also referred to as "Yellow Roadway," "Yellow," "we"
or "our"), a Fortune 500 company and one of the largest transportation service
providers in the world, is a holding company that through wholly owned operating
subsidiaries offers its customers a wide range of asset and non-asset-based
transportation services. Yellow Technologies, Inc. ("Yellow Technologies"), a
captive corporate resource, provides innovative technology solutions and
services exclusively for Yellow Roadway companies. Our operating subsidiaries
include the following:

- Yellow Transportation, Inc. ("Yellow Transportation") is a leading
transportation services provider that offers a full range of
regional, national and international services for the movement of
industrial, commercial and retail goods, primarily through
centralized management and customer facing organizations.
Approximately 40 percent of Yellow Transportation shipments are
completed in two days or less.

- Roadway Express, Inc. ("Roadway Express") is a leading
transportation services provider that offers a full range of
regional, national and international services for the movement of
industrial, commercial and retail goods, primarily through
decentralized management and customer facing organizations.
Approximately 30 percent of Roadway Express shipments are completed
in two days or less. Roadway Express owns 100 percent of Reimer
Express Lines Ltd. ("Reimer") located in Canada that specializes in
shipments into, across and out of Canada.

- Roadway Next Day Corporation is a holding company focused on
business opportunities in the regional and next-day delivery lanes.
Roadway Next Day Corporation owns 100 percent of New Penn Motor
Express, Inc. ("New Penn"), which provides superior quality
regional, next-day ground services through a network of facilities
located in the Northeastern United States ("U.S."), Quebec, Canada
and Puerto Rico.

- Meridian IQ, Inc. ("Meridian IQ") is a non-asset-based global
transportation management company that plans and coordinates the
movement of goods throughout the world, providing customers a quick
return on investment, more efficient supply-chain processes and a
single source for transportation management solutions.
 

Yellow Roadway Corporation is a Fortune 500 company and one of the largest
transportation service providers in the world. Through operating subsidiaries
including Yellow Transportation, Roadway Express, New Penn and Meridian IQ, we
offer our customers a wide range of asset and non-asset-based transportation
services integrated with technology solutions provided by Yellow Technologies.
The Yellow Roadway portfolio of brands provides one of the most comprehensive
packages of services for the shipment of industrial, commercial and retail goods
domestically and internationally. Headquartered in Overland Park, Kansas, we
employed approximately 50,000 people as of December 31, 2003.

OPERATING UNITS OF THE BUSINESS

Yellow Transportation

One of our largest operating units, Yellow Transportation, offers a full range
of services for the movement of industrial, commercial, and retail goods. Yellow
Transportation provides transportation services by moving shipments through its
regional, national and international networks of terminals, utilizing primarily
ground transportation equipment that we own or lease. The Yellow Transportation
mission is to be the leading provider of guaranteed, time-definite, defect-free,
hassle-free transportation services for business customers worldwide. Yellow
Transportation addresses the increasingly complex transportation needs of its
customers through service offerings such as:

- Exact Express(R)- a premium expedited and time-definite ground
service with an industry-leading 100% satisfaction guarantee;

- Definite Delivery(R) - a guaranteed on-time service with constant
shipment monitoring and proactive notification;

- Standard Ground(TM) - a ground service with complete coverage of
North America;

- Standard Ground(TM) Regional Advantage - a high-speed service for
shipments moving between 500 and 1,500 miles; and

- MyYellow(R).com - a leading edge e-commerce web site offering secure
and customized online resources to manage transportation activity.

Yellow Transportation, founded in 1924, serves more than 400,000 manufacturing,
wholesale, retail and government customers throughout North America. No single
customer accounts for more than six percent of Yellow Transportation revenue.
Operating from 335 strategically located facilities, Yellow Transportation
provides service throughout North America, including within Puerto Rico and
Hawaii. Shipments range from 100 to 40,000 pounds, with an average shipment size
of 1,000 pounds traveling an average distance of more than 1,200 miles. Yellow
Transportation has nearly 700 employees with sales responsibilities.

Yellow Technologies has developed and supports proprietary technology that
drives the Yellow Transportation network. Approximately 24,000 Yellow
Transportation employees are dedicated to operating the system that supports
280,000 shipments in transit at any time. An operations research and engineering
team is responsible for the equipment, routing, sequencing and timing of nearly
59 million miles per month. At December 31, 2003, Yellow Transportation had
7,597 owned tractors, 504 leased tractors, 34,939 owned trailers and 60 leased
trailers.

Based in Overland Park, Kansas, Yellow Transportation accounted for 92 percent
of our total operating revenue in 2003, 97 percent of our total operating
revenue in 2002 (excluding SCS Transportation, Inc. ("SCST"), which we spun off
in 2002) and 99 percent in 2001. On a pro forma basis, assuming the acquisition
of Roadway had occurred on January 1, 2003, Yellow Transportation revenue would
have represented approximately 46 percent of our total operating revenue.

Roadway Express

Founded in 1930, Roadway Express, through its extensive network of 369 terminals
located throughout North America, offers long-haul, interregional and regional
less-than-truckload ("LTL") freight services on two-day and beyond lanes.
Roadway Express is a leading transporter of industrial, commercial and retail
goods with a variety of innovative services designed to meet customer needs.
Roadway Express provides seamless, general commodity freight service among all
50 states, Canada, Mexico and Puerto Rico, and offers import and export services
to more than 100 additional countries worldwide through offshore agents. Service
in Canada is provided by Reimer, while service in Mexico is handled by Roadway
Express, S.A. de C.V. Both companies are subsidiaries of Roadway Express.

General commodity freight includes apparel, appliances, automotive parts,
chemicals, food, furniture, glass machinery, metal and metal products, non-bulk
petroleum products, rubber, textiles, wood and miscellaneous manufactured
products. Roadway Express also offers truckload ("TL") services to complement
its LTL business, usually to fill back hauls and maximize equipment utilization.
Backhaul is the process of moving trailers (often empty or partially full) back
to their destination after a delivery. In addition, Roadway Express provides
higher margin specialized services, including guaranteed expedited services,
time-specific delivery, North American international services, coast-to-coast
air delivery, sealed trailers, product returns, cold-sensitive protection and
government material shipments.

Roadway Express employed approximately 24,000 employees as of December 31, 2003.
It owned 6,272 tractors and 27,030 trailers and leased 2,267 tractors and 621
trailers. Headquartered in Akron, Ohio, Roadway Express accounted for four
percent of our total operating revenue in 2003, as the results of Roadway
Express were only included in our results of operations from the date of
acquisition through December 31. On a pro forma basis, assuming the acquisition
of Roadway had occurred on January 1, 2003, Roadway Express revenue would have
represented approximately 48 percent of our total operating revenue.

New Penn

Founded in 1931, New Penn is a regional, next-day, ground LTL carrier of general
commodities. Through a network of 24 terminals, and using 807 owned tractors and
1,639 owned trailers, New Penn services twelve states in the Northeastern U. S.,
Quebec and Puerto Rico and has links to the Midwest and Southeast regions of the
U.S. and Ontario. New Penn has more than 2,000 employees. Ninety-five percent of
New Penn shipments are delivered next-day in the Northeast region of the U.S. On
a pro forma basis, assuming the acquisition of Roadway had occurred on January
1, 2003, New Penn revenue would have represented approximately four percent of
our total operating revenue.

Reimer Express Lines

Founded in 1952, Reimer, a wholly owned subsidiary of Roadway Express, offers
Canadian shippers an unmatched selection of direct connections within Canada,
throughout North America and around the world. Its network and information
systems are completely integrated with those of Roadway Express. Integration
with Roadway Express enables Reimer to provide seamless cross-border services
between Canada, Mexico and the U.S. At December 31, 2003, Reimer had
approximately 1,500 employees and operated through 22 terminals. Reimer owned
373 tractors (excludes owner-operator tractors) and 513 trailers and leased 126
tractors and 522 trailers. All of the operating statistics of Reimer disclosed
in this paragraph are also included in the Roadway Express statistics previously
discussed.

Meridian IQ

Meridian IQ is a non-asset global transportation management company that plans
and coordinates the movement of goods worldwide to provide customers a single
source for transportation management solutions. Non-asset-based service
providers, such as logistics companies, arrange for and expedite the movement of
goods and materials through the supply chain. The typical logistics provider
neither owns nor operates the physical assets necessary to move goods,
eliminating the significant capital requirements normally experienced by a
typical transportation company. This lower asset requirement allows the
non-asset-based firms to reduce variable costs in economic downturns.

Meridian IQ delivers a wide range of global transportation management services,
with the ability to provide customers improved return-on-investment results
through flexible, fast and easy-to-implement transportation services and
technology management solutions. Meridian IQ has approximately 12,000
transactional and 200 contractual customers.

Meridian IQ offers the following services:

- International forwarding and customs brokerage - arranging for the
administration, transportation and delivery of goods to over 88
countries;

- Multi-modal brokerage services - providing companies with daily
shipment needs with access to volume capacity and specialized
equipment at competitive rates;

- Domestic forwarding and expedited services - arranging guaranteed,
time-definite transportation for companies within North America
requiring time-sensitive delivery options and guaranteed
reliability; and

- Transportation solutions and technology management - web-native
transportation management systems enabling customers to manage their
transportation network centrally with increased efficiency and
visibility. When combined with network consulting and operations
management any organization, regardless of size, can outsource
transportation functions partially or even entirely with Meridian
IQ.

Meridian IQ and Yellow Transportation create complementary service offerings
with the ability for each to generate revenue for the other. Through its strong
relationships, Yellow Transportation has introduced its customers to Meridian IQ
for value-added transportation technology and management services. This gives
Meridian IQ immediate market credibility from established relationships, and a
large pool of existing Yellow Transportation customers to target. In addition,
Meridian IQ has attracted new transportation and technology management customers
who utilize the Yellow Transportation service portfolio.

The competition of Meridian IQ includes transportation management systems
providers, domestic and international freight forwarders, freight brokers, and
third party logistics companies. Meridian IQ has approximately 600 employees,
including 115 located in the U.K. Meridian IQ has a sales force of approximately
40, including seven located in the U.K. Additionally, the nearly 700 members of
the Yellow Transportation sales force assist Meridian IQ in developing sales
leads. Based in Overland Park, Kansas, Meridian IQ accounted for four percent of
our total operating revenue in 2003, three percent of our total operating
revenue (excluding SCST) in 2002 and less than one percent in 2001. On a pro
forma basis, assuming the acquisition of Roadway had occurred on January 1,
2003, Meridian IQ revenue would have represented approximately two percent of
our total operating revenue.

Yellow Technologies

Yellow Technologies, a captive corporate resource, aims at creating competitive
advantages for Yellow Roadway businesses by delivering innovative information
solutions and technology services. Yellow Technologies has approximately 300
employees. In addition to delivering and supporting highly integrated
applications and solutions, Yellow Technologies provides value-added technical,
network, secure data, and enterprise system management services to our operating
subsidiaries. Yellow Technologies and Meridian IQ together provide hosting,
infrastructure services and managed transportation business systems development.
Yellow Technologies is headquartered in Overland Park, Kansas.

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