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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 14, 2000
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YELLOW CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-12255 48-0948788
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10990 Roe Avenue, P.O. Box 7563, Overland Park, Kansas 66207
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 696-6100
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No Changes.
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
Yellow Freight System, a Yellow Corporation subsidiary announced July 14, 2000
that it will implement a general rate increase averaging 5.9 percent effective
August 1 for customers not currently on contract rates. The adjustment affects
about half of Yellow Freight's revenue base. The remaining business is subject
to individually negotiated price increases at contract renewal dates.
Yellow Freight System is based in Overland Park, Kansas and offers a
comprehensive range of services for transportation and related movement of goods
and materials. Services include: Standard Ground(TM); Definite Delivery(TM), a
guaranteed on-time service with 24-7 monitoring; Exact Express(TM), a
time-definite expedited, guaranteed air and ground delivery service; and Yellow
Global(TM), an international ocean and air forwarding service.
Yellow Corporation is a holding company with wholly owned operating subsidiaries
specializing in the national, regional and international transportation of goods
and materials. Transportation.com is a jointly owned subsidiary providing an
Internet transportation marketplace for information-rich products and services
targeted to shippers, carriers and private fleet operators. Headquartered in
Overland Park, Kansas, Yellow employs approximately 32,000 people.
Statements contained herein that are not purely historical are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the company's expectations, hopes, beliefs
and intentions on strategies regarding the future. It is important to note that
the company's actual future results could differ materially from those projected
in such forward-looking statements because of a number of factors, including but
not limited to inflation, labor relations, inclement weather, competitor pricing
activity, expense volatility and a downturn in general economic activity.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
YELLOW CORPORATION
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(Registrant)
Date: July 18, 2000 /s/ H. A. Trucksess, III
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H. A. Trucksess, III
President Regional Carrier Group and
Interim Chief Financial Officer
