Yellow’s net falls sharply as it completes network optimization in West
Yellow posted third quarter net income of $4.8 million on $1.36 billion revenue in the third quarter. That was about half its year-ago net income of $8.3 million on $1.30 billion revenue. Third-quarter operating income was $49.1 million, which included a $1.1 million net gain on property disposals. In comparison, operating income for the year-ago quarter was $48.4 million.