Analysts attributed its financial malaise to a long period of mismanagement and neglect of its fleet of trucks. Since the pandemic, Apollo has been lobbying the Trump administration to allow broader access to an emergency Federal Reserve lending program. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. 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. That is especially pertinent when difficult choices are being made about extending unemployment insurance and funding schools with personal protective equipment. As CFO of Yellow Corporation, Dan Olivier is responsible for corporate finance, treasury, cash management, accounting, tax and risk management/internal audit. In 2020, Dawson was instrumental in helping Yellow Corporation secure its $700 million CARES Act loan. We rely on our journalists to be independent observers. According to ATA, if this Build America Fund were to be enacted it would generate $340 billion in approximately 10 years. Darren Hawkins, president and CEO of YRC Worldwide, emphasized the industrys concerns with the conversion of existing toll-free interstate highway lanes to tolled facilities during a hearing of the House Highways and Transit Subcommittee. The employee data is based on information from people who have self-reported their past or current employments at YRC Freight. He is dedicated to adding the technology of Yellow Logistics to the combined power of Yellows network to provide significant market leverage and bring our customers new service opportunities. Overturning the election. The companies were formed over a forty-three year period with the most recent being incorporated eleven months ago in January of 2022. For months, the money went untouched, in part because the loans come with strict terms and requirements and corporations must be willing to hand over equity stakes in their companies to the federal government. And people around the country have shown that they are willing to pay to get out of congestion., The panels top Republican, Rep. Rodney Davis of Illinois, championed a funding approach that would encompass multiple systems. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions . WASHINGTON At a virtual congressional hearing in May, Senator Jerry Moran, Republican of Kansas, asked Treasury Secretary Steven Mnuchin for help. That same year, Apollo lent $184 million to Mr. Kushners family real estate firm, Kushner Companies, to refinance the mortgage on a Chicago skyscraper. Some members of the commission also want to look into whether YRCs relationship with Apollo influenced the approval of the loan, according to a person familiar with the matter. 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. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. about Security 500 1st in Logistics Industry. 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. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. 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. But six weeks after the hearing, YRC received a bailout from the Treasury Department a $700 million loan in exchange for a 30 percent stake in the business. Of this total $750,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $1,196,628 was awarded as stock and $129,840 came from other types of compensation. YRC Worldwide Inc. (YRCW) Q4 2020 Earnings Conference Call Feb 04, 2021, 05:00 PM ET Company Participants Tony Carreo - VP, IR Darren Hawkins - CEO Dan Olivier - Interim CFO TJ O'Connor -. President and Chief Operating Officer of the Company (January 2018 April 2018), President (February 2014 December 2017), Senior Vice President, Sales and Marketing (January 2013 February 2014) of YRC Freight; Director of Operations (December 2011 January 2013) and Director of Sales (January 2009 December 2011) for Con-Way Freight, a subsidiary of Con-Way, Inc.; various positions of increasing responsibility with Yellow Transportation, Inc. (1991 2009); Member of the American Transportation Research Institute Board (2018). We remain dedicated to getting your essential freight to market. There are 7 older and 2 younger executives at Yellow. Have a shipment ready for pick up? Washington, DC 20003, Agricultural and Food Transporters Conference. 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. Yellow executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. 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. 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. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. Darren D Hawkins CEO at Yellow Corporation Nashville, Tennessee, United States 3K followers 500+ connections Join to view profile Yellow The University of Memphis About Experienced CEO and. The rescue, which was approved on the grounds that YRC was critical to national security, made the company one of the largest recipients of taxpayer money meant to support businesses and workers struggling amid the coronavirus. Treasury said that it had relied on a certification by the Secretary of Defense that Yellow was "critical to maintaining national The American Society of Civil Engineers, a supporter of a federal fuel tax increase, issued a D+ grade for the countrys infrastructure in 2017. A struggling trucking company in his state was on the brink of collapse and needed government support. Coronavirus Tips Working and Protection. 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. He holds a Bachelor of Arts degree from Rutgers University and teaches at the Rutgers Business School Department of Supply Chain Management. about YRC Worldwide Recognized by Women in Trucking as a 2019 Top Company for Women to Work for in Transportation. 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. Darren Hawkins has been associated with four companies, according to public records. Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. It was the first company to receive a loan from that fund. about Neil Nogues Receives the Professional Excellence Award. However, a spokeswoman acknowledged that it was advised of the government loan and made changes to its own loan terms with YRC to accommodate it. 80 M Street SE, Suite 800, Washington, D.C., 20003, YRC President Darren Hawkins testifies before House panel Sept. 11. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Hawkins was appointed by ATRI Chairman Judy McReynolds, president and CEO of ArcBest Corporation at ATRI's January board meeting. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. COVID-19 A suspension of all guarantee service failure reimbursements has been issued effective 3/25/2020 Learn More . Lets come together during this unprecedented health crisis and take care of each other and our communities. (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. This is an OVERLAND PARK, Kan.,Nov. 13, 2018(GLOBE NEWSWIRE) (NASDAQ: YRCW). He asked Treasury Secretary Steven Mnuchin to help YRC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. In announcing the decision on July 1, Mr. Mnuchin said, This loan will enable a critical vendor to the Department of Defense to maintain significant employment while providing appropriate compensation to taxpayers and estimated that 30,000 trucking jobs would be saved. 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. 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. Darren D. Hawkins. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Darren Hawkins, CEO Share Posted: March 27, 2020 Category: YRC News Security 500 - 1st in Logistics Industry Security is a monthly business magazine for security executives. 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. We take this responsibility seriously and are focused each day on safely delivering uninterrupted service for our customers. Sean attended University of Kansas between 2011 and 2015 and Shawnee Mission West High School between 2009 and 2011. No decision has been made about moving the inquiry in that direction. YRCs loan came from a discrete $17 billion pot of money set up by Congress and controlled by Mr. Mnuchin to help companies that were designated as critical to national security. YRCs fortunes have been fading for years, beginning in 2009 when two of its shipping competitors, FedEx and Conway, engaged in a price war in hopes of driving it out of the market. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. With our national LTL network and 344 locations, we are ready to meet the ever-evolving needs this medical crisis continues to present. As a subscriber, you have 10 gift articles to give each month. For its 2021 fiscal year, Yellow Corp, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Hush money. about YRC Worldwide Professional Drivers Head to 2019 National Truck Driving Championships. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The company began shedding workers, delayed payments to health funds for its union workers and, in late April, applied to the federal government for financial assistance. about ScoopMonkeys Top 100 Best Carriers. Yellow Corp annual reports of executive compensation and pay are most commonly found in the Def 14a documents. about YRC Worldwide Recognizes Environmental Excellence. Executive Summary. The loan has come under scrutiny from the Congressional Oversight Commission, a bipartisan panel created by Congress to police stimulus funds. 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. The chart on this page features a breakdown of the total annual pay for Darren D. Hawkins, Chief Executive Officer at Yellow Corp as reported in their proxy statements. The loan has raised questions of favoritism in part because it appears to flout the Trump administrations own public assertions that it would not use taxpayer money to prop up individual companies or bail out businesses that were in financial trouble before the pandemic struck. A Defense Department spokesman referred questions to the Treasury Department when asked why YRC was critical to the countrys security. 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 The most recent stock trade was executed by Scott D. Ware on 27 November 2020, trading 15,000 units of YRCW stock currently worth $93,750. YRC Freight may also be known as or be related to YRC Freight, YRC Freight Inc, YRC Freight Inc., YRC Worldwide, Yellow Corporation and Yrc Freight. All participants will be in a. Also, Dawson is Corporate Secretary to the Yellow Corporation Board of Directors. In his 45-year career with YRC Freight, Bobby Elrod has reached the elite safety milestone of driving five-million consecutive miles without a single accident. As of the end of March it had $880 million in outstanding debt. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions . The 32-year-old took on the role of the former car salesman in 2004. about South Dakota Trucking Association Awards Wade Wagemann and Rick Hoogendoorn of YRC Freight. Recently, prosecutors under the current district attorney, Alvin L. Bragg, appearto have moved closer than everto indicting the former president. 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. Amit Mehrotra, a Deutsche Bank analyst, said that YRCs fleet was twice as old as the industry average and that many of its competitors had been thriving despite the economic upheaval, suggesting that the pandemic merely accelerated the companys demise. That is what the Treasury Department did with YRCs application, saying in a news release that the approval for the loan was based on a certification by the secretary of defense that YRC is critical to maintaining national security.. As of 27 February 2017 he still owns at least 51,357 units of Yellow stock. A special grand jury in Georgia recently concludedits investigation into whether Mr. Trump and his allies criminally interfered with the 2020 election. 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. Darren D Hawkins is Chief Executive Officer at YRC Worldwide Inc. See Darren D Hawkins's compensation, career history, education, & memberships. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. In normal times when you have a recession, companies that arent the best companies go away.. 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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. about YRC Freight Again Selected as NASSTRACs National LTL Carrier of the Year. All proxy statements are public filings made available to the general public by the SEC. [Stay on top of transportation news: Get TTNews in your inbox.]. 2023 Yellow Corporation. The decision about whether to charge Mr. Trump will ultimately be made by the Fulton County district attorney, Fani T. Willis, who has been investigating the case for the last two years. Their crisis is not a product of Covid, Mr. Mehrotra said. 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. 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