2023 Yellow Corporation. 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. 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. The Treasury Department declined to explain why it determined that YRC was worthy of a loan. about South Dakota Trucking Association Awards Wade Wagemann and Rick Hoogendoorn of YRC Freight. about YRC Freight Professional City Driver Byron Bramwell Achieves 3-Million-Mile Safety Milestone. Mr. Hawkins owns over 7,500 units of Yellow stock worth over $262,434 and over the last 9 years he sold YRCW stock worth over $1,181,157. A Defense Department spokesman referred questions to the Treasury Department when asked why YRC was critical to the countrys security. 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. Traffic congestion resulted in an annual cost to the trucking industry of $74.5 billion in 2016, according to a study by the American Transportation Research Institute . Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. The CCJ Top 250 is the most comprehensive ranking of active carriers, based on a blended scale combining revenue, total power units, and number of drivers. about UPDATE YRC Freight Driver Steve Fields Receives ATA Mike Russell Trucking Image Award. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. YRC Worldwide & LTL Market Updates As a vital part of the LTL industry, YRC was recently sustained by a major U.S. government loan package. A special grand jury in Georgia recently concludedits investigation into whether Mr. Trump and his allies criminally interfered with the 2020 election. WASHINGTON As policymakers evaluate viable long-term approaches to fund the countrys transportation network, a trucking industry executive warned against relying on tolling. The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . 80 M Street SE, Suite 800, Washington, D.C., 20003, YRC President Darren Hawkins testifies before House panel Sept. 11. Who is Darren Hawkins? As Chief Executive Officer, Darren Hawkins leads Yellow Corporation, a $5.1 billion North American trucking company that operates the nations second largest less-than-truckload network. about ScoopMonkeys Top 100 Best Carriers. Darren's mailing address filed with the SEC is 10990 ROE AVENUE, , OVERLAND PARK, KS, 66211. Since the pandemic, Apollo has been lobbying the Trump administration to allow broader access to an emergency Federal Reserve lending program. This helps ensure vital equipment is available for open business locations and prevents incurring additional expense if your delivery cant be made to a closed location. The companies were formed over a forty-three year period with the most recent being incorporated eleven months ago in January of 2022. searched Mar-a-Lago, has been complicatedby the discovery that President Bidenand former Vice President Mike Pencealso had classified files in their possession. 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 Inbound Logistics 2016 Top 100 Trucker. All rights reserved. Military Friendly Employers have invested considerable time, money and personnel to build military ScoopMonkeys list of their 100 best-rated carriers is based on qualities like all-around service, punctuality, communication, and professionalism. 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. We will continue to monitor the COVID-19 situation closely and adjust accordingly. Work At YRC Freight? In 2019, a group of funds managed by affiliates of Apollo lent YRC $600 million. He asked Treasury Secretary Steven Mnuchin to help YRC. 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. Overland Park KS 66211, United States. As Chief Executive Officer at YELLOW CORP, Darren D. Hawkins made $2,076,468 in total compensation. 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. 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." On average, Darren trades about 2,373 units every 33 days since 2014. 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. Keep up with company developments or catch our latest industry, safety and customer service highlights. Olivier has a bachelors degree in Accounting from Trinity Christian College and began his career in public accounting. Darren Hawkins has been associated with four companies, according to public records. We take this responsibility seriously and are focused each day on safely delivering uninterrupted service for our customers. 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). In a lengthy critique of tolls, Hawkins highlighted the cost often associated with collection, the potential for traffic diversion, and instances of unfair subsidization. The Investor Relations website contains information about Yellow Corporation's business for stockholders, potential investors, and financial analysts. Also, Dawson is Corporate Secretary to the Yellow Corporation Board of Directors. One of the companies is still active while the remaining three are now listed as inactive. The employee data is based on information from people who have self-reported their past or current employments at YRC Freight. As a subscriber, you have 10 gift articles to give each month. 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. about YRC Freight Named by Women in Trucking as 2018 Top Company for Women to Work for in Transportation. Hawkins, who became CEO of YRC in May 2018, ranked as the Business Journal 's 16th-highest-paid public company executive, with $4.43 million in total compensation in 2018. 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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 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. He is from . Darren D. Hawkins. 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. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. Mr. Mnuchin controlled the$17 billion pot of money from which YRCsloan was drawn. House Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.), expected to unveil a response to the Senate bill, seemed to share stakeholders frustration at the start of the hearing. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. He is a market-driven collaborative team builder and solutions leader with a proven track record of growing established businesses. So, how much is Darren Hawkins worth at the age of 56 years old? The proposal was not picked up by the Republican-led Congress at the time. Yellow Corp income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Intensifying investigations. 80 M Street SE Suite 800 He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. The looming shortfall of a highway account backed by revenue from the fuel tax was not addressed in surface transportation legislation the Senate Environment and Public Works Committee advanced in July. (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. The company lost over $100 million in 2019. about YRC Freight Honored as Walmarts National LTL Carrier of the Year. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. 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,. This report is not for commercial use. Hawkins was appointed by ATRI Chairman Judy McReynolds, president and CEO of ArcBest Corporation at ATRI's January board meeting. 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. Charli 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. For its 2021 fiscal year, Yellow Corp, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions . Prosecutors said YRC inflated the weights of thousands of shipments, billing the government based on those false numbers in what was described as an affront to American taxpayers.. 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. How Times reporters cover politics. It was the first company to receive a loan from that fund. 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. During this challenging time, we are incredibly grateful for our team at YRCW of over 30,000 employees who safely and diligently continue to serve our customers. 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. YRC has financial backing from Apollo Global Management, a private equity firm with close ties to Trump administration officials. Mike Kelley, a YRC spokesman, declined to comment. 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. That is especially pertinent when difficult choices are being made about extending unemployment insurance and funding schools with personal protective equipment. 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. There are no executives at Yellow getting paid more. Their crisis is not a product of Covid, Mr. Mehrotra said. 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. 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 inquiry , The special counsel is also investigating Mr. Trumps. The inquiry one of two casesinherited in November by the special counsel, Jack Smith could be completed by spring or early summer. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Over the last 17 years, insiders at Yellow have traded over $310,648,762 worth of Yellow stock and bought 10,551,499 units worth $172,776,365 YRC Freight has 19,000 employees, of which 5 are in a leadership position. Darren Hawkins Net Worth. Congress has not raised the 24.4 cents-per-gallon diesel tax and 18.4 cents-per-gallon gas tax since 1993. 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. 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. He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. As of the end of March it had $880 million in outstanding debt. https://info.tranzact.com/transportation-spend-management-plan-ebookSee more at https://www.tranzact.com/#YRCW #TranzActTechnologies #YRCNews #YellowFreight #CARESAct #LTLClick to subscribe: https://www.youtube.com/user/TranzActTechnologies?sub_confirmation=1 Apollo Global Management, which Josh Harris helped found, said it was not involved in YRCs decision to seek the loan. 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. In 2018, the Trump White House had recommended a 10-year, $1.5 trillion private sector-centric infrastructure plan meant to revamp the countrys infrastructure. Get a rate for your shipment with our simple-to-use quote tool or. Darren is currently serving as Second Vice Chairman of the American Trucking Associations, the largest national trade association for the trucking industry. In 2020, Dawson was instrumental in helping Yellow Corporation secure its $700 million CARES Act loan. In this interview, Darren Hawkins discusses questions such as: He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. 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,. 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. A July report from the Congressional Oversight Commission raised questions about the decision to grant the loan, asking why delivering food to bases was vital for national security and why the Treasury Department appeared to seek special signoff from the Defense Department to ensure that YRC was considered eligible. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. Senator Jerry Moran, via video conference, at a hearing on Capitol Hill in May. 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. With over 24 years of industry experience and service performance, Bergman brings expertise in both sales and marketing strategies. North to south and east to west, if youre shipping freight in North America, youre on our route. about YRC Freight Named a 2018 Top 100 Trucker by Inbound Logistics Magazine. 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. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. 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. If you have any questions, please contact your YRCW account representative. 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. She graduated from The University of Kansas School of Law with a Juris Doctor degree and Tax Certificate. Their crisis is borne of years and of under investment in their assets.. 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. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause. All participants will be in a. Analysts attributed its financial malaise to a long period of mismanagement and neglect of its fleet of trucks. Dawson has a Bachelor of Science degree in Business Administration with a Spanish Concentration from The University of Kansas. We have implemented official health and safety guidelines and protocols across our locations and are encouraging everyone to be diligent about handwashing, disinfecting and cleaning work areas and remaining at home with illness or COVID-19 symptoms. YRC Freight has 19,000 employees, of which 5 are in a leadership position. All proxy statements are public filings made available to the general public by the SEC. a $700 million loan in exchange for a 30 percent stake in the business, handling of sensitive government documents, advised the Trump administration on infrastructure policy, allow broader access to an emergency Federal Reserve lending program. 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