Yellow Corp.'s income rises

Yellow Corp. today reported first quarter 2003 income of $5.6 million, up from a flat performance in the first quarter last year. The trucking group's operating revenue was $681 million, a 17.7% increase over $579 million in first quarter 2002. Its operating income increased to $11.8 million compared to $2.7 million in the same period last year. President & CEO Bill Zollars said its operating subsidiaries,

Yellow Corp. today reported first quarter 2003 income of $5.6 million, up from a flat performance in the first quarter last year.

The trucking group's operating revenue was $681 million, a 17.7% increase over $579 million in first quarter 2002. Its operating income increased to $11.8 million compared to $2.7 million in the same period last year.

President & CEO Bill Zollars said its operating subsidiaries, Yellow Transportation and Meridian IQ, had solid performances.

Yellow Transportation reported first quarter revenue of $660 million, up 16.9% from the first quarter of last year. It's operating income jumped from $6.7 million to $19.5 million.

Meridian IQ, Yellow's logistics arm, reported operating revenue of $22 million, which is 43% higher than the same period last year. Meridian cut its operating loss to $0.9 million from $1.5 million.

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