Misplaced Pages

Yellow Corporation

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

Caliber System Inc. , known until 1996 as Roadway Services Inc. , was a transportation holding company based in Akron, Ohio , United States. During its history, Caliber owned a number of logistics companies including Roadway Express , Viking Freight and Roadway Package System (RPS) among others. Roadway Express was spun off in 1995 and Caliber was acquired by FedEx in 1998 with subsidiaries becoming FedEx Ground , FedEx Freight, FedEx Custom Critical and FedEx Global Logistics.

#50949

80-458: Yellow Corporation was an American transportation holding company headquartered in Overland Park, Kansas . Its subsidiaries included national less than truckload (LTL) carrier YRC Freight ; regional LTL carriers New Penn , Holland, and Reddaway ; and freight brokerage HNRY Logistics. From 2006 to February 2021, Yellow was known as YRC Worldwide . At 12:00 pm on Sunday, July 30, 2023,

160-570: A 29.6 percent equity stake in the company. The Department of Treasury received permission from the U.S. Congress to take ownership stakes in YRC Worldwide to ensure that taxpayer funds would not be misspent. An October 2020 report by the Congressional Oversight Commission concluded that no justifications had been provided for why YRC Worldwide was entitled to receive $ 700 million. In April 2022, Democrats on

240-637: A 30% stake, although Kansas City's American City Business Journals noted that the company will likely file for bankruptcy . On August 6, 2023, the Yellow Corporation officially announced that the company and all of its affiliates had filed for Chapter 11 bankruptcy protection in the state of Delaware. Yellow Corporation's stock was delisted from the Nasdaq on August 16, 2023. In November 2023, Yellow's properties were put up for auction. Multiple carriers and real-estate investors were winning bidders in

320-538: A bid to reduce costs. Despite positive performances from RPS, Roberts, and Caliber Logistics in Q1 1997, Caliber announced in March it would be selling or closing a large portion of the eastern operations of Viking leaving it as a west coast-focused carrier. Caliber reported Viking had seen losses of around US$ 127 million after having been unable to bring Viking to profitability since merging its smaller, regional carriers into

400-624: A children's gold mining camp. The Overland Park Golf Division operates two public golf courses: St. Andrews Golf Club and the Sykes Lady Golf Club. These courses host more than 130,000 rounds of golf a year. Scheels Overland Park Soccer Complex was named the top soccer facility in the nation by Livability because it is considered the only complex of its kind in the United States. It covers 96 acres (39 ha) and offers 12 lighted, regulation size synthetic, turf fields with

480-411: A combined land area of 75.37 square miles (195.21 km ) and spans nearly the full north–south length of Johnson County . Since the expansion of Overland Park, state legislators have amended laws governing annexations to require a majority vote of affected residents in all future annexations over 40 acres (0.16 km ). On April 13, 2014, a pair of shootings committed by a lone gunman occurred at

560-540: A cooling system to control turf temperature on hot days. The city is also home to Overland Park Convention Center . In 2015, Topgolf driving range and entertainment complex opened in Overland Park. It offers a driving range, bar, and restaurant complex, and employs more than 450 people. Caliber System Roadway Services Inc. (RSI) was created in 1982 as a holding company by national less than truckload (LTL) carrier Roadway Express . Roadway Express

640-520: A direct subsidiary of Yellow Roadway. New Penn would be part of the new regional group which would also include USF subsidiaries USF Holland , USF Reddaway , USF Dugan , and USF Bestway . It also included USF Glen Moore , USF's truckload unit. The operations of USF Logistics were absorbed into Yellow Roadway's logistics unit, Meridian IQ . Yellow Roadway also made forays into the international market, particularly China, expanding beyond its existing Canadian operations through Reimer. In September 2005,

720-688: A high of $ 9.9 billion in 2006 with associated profit increases from $ 40 million in 2003 to $ 184 million in 2004 to a high of $ 288 million in 2005. USF had experienced financial troubles prior to the acquisition but had still reported over US$ 2.3 billion in revenue in each of the two prior years. With the USF acquisition, Yellow Roadway restructured itself, forming a new subsidiary, YRC Regional Transportation headquartered in Roadway's home town of Akron, Ohio. This new group replaced former New Penn and Roadway Express parent, Roadway Group. Roadway Express would now be

800-424: A nationwide offering. The cuts were expected to include 4,000 jobs and 83 terminals in the eastern, southern, and central US. These areas had been primarily served by the former Coles and Spartan subsidiaries. In June 1997, Caliber sold the assets that had formerly comprised Central to an investment group led by former Central leadership backed by trucking magnate and Swift Transportation co-founder Jerry Moyes . It

880-545: A net loss of $ 622 million. Towards the end of 2009, YRC narrowly averted having to file for bankruptcy protection by successfully persuading its bondholders to exchange their $ 470 million in bond notes for roughly 94% of the company's shares. Concurrent with more recent manufacturing sector growth and recovery, since the fourth quarter of 2009, YRC again began approaching a net positive balance sheet. Nonetheless, its share price declined in year 2010 more than 80%, raising in 2011 suspicions of death spiral financing . In September 2011

SECTION 10

#1732793121051

960-425: A network of Christian radio stations which is headquartered in Overland Park. Overland Park has more than 1,800 acres (7.3 km ) of park land and open space. The city's 72 parks offer public golf, sand volleyball, hiking and biking trails, playgrounds, tennis courts, basketball courts, and reservable shelters. The Overland Park Arboretum and Botanical Gardens is 300 acres (120 ha). The Oak Park Mall

1040-476: A public general aviation facility, is located immediately west of the city in Olathe. BNSF Railway and Union Pacific Railroad each operate a freight rail line through Overland Park. The BNSF line runs roughly parallel with I-35 through the northwestern and northern fringe of the city. The Union Pacific line runs northeast through the extreme southeastern part of the city. Kansas City's Union Station , which

1120-612: A regulatory code, but were not successful. Cleve then devised his own code and got government confirmation. About this time, the Harrell brothers dissolved the partnership. Cleve took the taxicabs in the trade-out, as well as the Yellow Cab Dynamic Gasoline Company. He sold the taxicab business in 1940 to Eddie Fuller, who operated the Y and Y Cab Co., and maintained ownership of the gasoline company until his death on December 3, 1942. A. J. took control of

1200-474: A sale with a combined total of $ 1.9B across 128 owned properties and two leased properties. In December 2023, 17 terminals of Yellow Corporation were sold to former subsidiary Saia in the Chapter 11 bankruptcy sale for $ 235.7 million. On December 12, 2023, XPO got approval to acquire 28 service centers of Yellow Corporation as a part of Chapter 11 bankruptcy for $ 870 million. In 1929, A. J. Harrell enlisted

1280-409: A separate race. According to the 2020 U.S. Census , the racial makeup (including Hispanics in the racial counts) was 75.04% (147,999) White alone , 4.60% (9,068) Black alone , 0.35% (694) Native American alone , 9.31% (18,368) Asian alone , 0.05% (101) Pacific Islander alone , 2.55% (5,037) Other Race alone , and 8.10% (15,971) Multiracial or Mixed Race . According to the 2020 U.S. Census ,

1360-633: A significant portion of Glen Moore including the Carlisle, Pennsylvania , terminal to Celadon of Indianapolis, Indiana , and in 2012 YRC Inc. began doing business as YRC Freight. On July 1, 2020, the U.S. Department of Treasury announced that the federal government would lend YRC Worldwide $ 700 million as an emergency loan under the CARES Act . In exchange for the emergency loan, the Department of Treasury announced that U.S. taxpayers would acquire

1440-599: Is Simon Happer. The Kansas Highway Patrol tends to patrol the various interstates running through the city including Interstate 35 which runs through Overland Park along with U.S. Route 69 which runs through Overland Park and Interstate 635 on the Overland Park section being the main highways patrolled by KHP in Overland Park. However the KHP also does assist OPPD in instances such as car chases, traffic stops and other instances of officer needs assistance calls. Overland Park spans four public school districts. The portion of

1520-569: Is a city in Johnson County, Kansas , United States, and the second-most populous city in the state of Kansas . It is one of four principal cities in the Kansas City metropolitan area and the most populous suburb of Kansas City, Missouri . As of the 2020 census , the population of the city was 197,238. In 1905, William B. Strang Jr. arrived and began to plot subdivisions along an old military roadway, which later became

1600-506: Is a stop on Amtrak 's Missouri River Runner and Southwest Chief passenger rail lines, is located approximately 8 mi (13 km) northeast of central Overland Park. Evergy (formerly Kansas City Power and Light (KCP&L) ) provides electric power. Google Fiber , AT&T , Spectrum , and Consolidated Communications offer cable television, landline telephone, and broadband internet service. Local residents predominantly use natural gas for heating fuel; utility gas service

1680-550: Is based in neighboring Lenexa . The Johnson County Library serves the entire county with 14 locations, three of which are in Overland Park (Blue Valley, Central Resource, and Oak Park). Interstate 435 , the Kansas City area's beltway , and U.S. Route 50 run concurrently east–west through central Overland Park. Interstate 35 runs northeast–southwest through the city's northwestern and northern fringe. U.S. Route 56 and U.S. Route 169 run concurrently with I-35 through

SECTION 20

#1732793121051

1760-450: Is land and 0.53 square mile (1.38 km ) is water. Overland Park is a principal city of the Kansas City metropolitan area , and it borders other communities on all sides. These include Kansas City, Kansas , to the north, Mission and Prairie Village to the northeast, Leawood to the east, Stilwell to the south, Olathe and Lenexa to the west, and Shawnee and Merriam to the northwest. Most of Overland Park, specifically

1840-655: Is one of the area's top shopping locations with nearly 200 stores. The Johnson County Arts and Heritage Center houses the Johnson County Museum, KidScape, resident theatre company Theatre in the Park, a fine arts program, an emerging arts program, and the Overland Park Historical Society. The Deanna Rose Children's Farmstead is a 12-acre (49,000 m ) farm with animals, hay rides, a fishing pond, an early 1900s school house, and

1920-860: Is provided by Atmos Energy and Kansas Gas Service . WaterOne, an independent public utility, oversees water provision, distribution, and infrastructure maintenance. The Johnson County Wastewater department manages waste water collection, transportation, and treatment. Multiple privately owned trash haulers, evaluated and given permits by the city government, offer trash removal and recycling service. Hospitals in Overland Park include AdventHealth South Overland Park , Menorah Medical Center , Overland Park Regional Medical Center and Saint Luke's South Hospital . The Kansas City Star , Kansas City's main daily newspaper, provides coverage of local news and publishes an edition specific to Johnson County. In addition, two newspapers are published in Overland Park:

2000-460: Is the largest employer in the city followed by Shawnee Mission School District , Johnson County Community College , Blue Valley School District , Black & Veatch, OptumRx, the City of Overland Park, Yellow Corporation, Overland Park Regional Medical Center, and Waddell & Reed. The cost of living in Overland Park is below average; compared to a U.S. average of 100, the cost of living index for

2080-509: The 2010 United States Census , there were 173,372 people, 71,443 households, and 45,516 families residing in the city. The population density was 2,316.5 inhabitants per square mile (894.4/km ). There were 76,280 housing units at an average density of 1,019.2 per square mile (393.5/km ). The racial makeup of the city was 84.4% White , 4.3% African American , 0.3% American Indian , 6.3% Asian , 2.1% from other races, and 2.5% from two or more races. Hispanics and Latinos of any race were 6.3% of

2160-672: The Blue River . Several of the river's tributaries run east-northeast across the city; from north to south, these include Indian Creek, Tomahawk Creek, and Negro Creek. In the far southern part of the city, two more tributaries, Coffee Creek and Wolf Creek, join to form the main stem of the Blue River itself. According to the United States Census Bureau , the city has a total area of 75.37 square miles (195.21 km ) of which 74.84 square miles (193.83 km )

2240-553: The Campus Ledger , the bi-weekly Johnson County Community College student newspaper, and Kansas City Nursing News , a weekly trade publication. Overland Park is in both the Kansas City radio and television markets . One radio station broadcasts from Overland Park: KCCV . It broadcasts on both 760 AM and 92.3 FM, playing a Religious format. KCCV is the flagship station of the Bott Radio Network (BRN) ,

2320-726: The Kansas City–Overland Park–Kansas City, MO–KS Combined Statistical Area . The service sector constitutes most of the local economy. Health care, retail trade, professional and technical services, finance and insurance, and information technology are the city's five largest industries. Companies with headquarters in the city include Black & Veatch , Ash Grove Cement Company , and Compass Minerals . The city seeks to attract technology companies in particular, such as Netsmart Technologies which relocated its headquarters there in 2011. Restaurant chain Applebee's

2400-589: The Kansas House of Representatives . The Overland Park Police Department is the main agency to patrol all of Overland Park with the Johnson County Sheriff's Office also assisting with serving papers and other court documents to people who work in the city as well as patrolling the unincorporated parts of the county and other cities in the county. OPPD has 310 full-time employees and 255 commissioned personnel. The current interim police chief

2480-455: The 1980s, Yellow Freight System embarked on a massive restructuring by creating new distribution centers across the country to better serve customers. The company changed its name to Yellow Corporation in 1992, when it created a parent company, with Yellow Transportation, Inc. as its largest division. In December 2003 Yellow Corporation, at the time the second largest LTL carrier in the US, acquired

Yellow Corporation - Misplaced Pages Continue

2560-682: The Congressional Select Subcommittee on the Coronavirus released a report claiming the loan violated the terms of the CARES Act, and that it resulted from lobbying and close connections with former US president Donald Trump.. YRC reportedly got the loan on national security grounds, over the objections of the Defense Department that the company's services could be replaced by better providers, and that

2640-672: The Harrell brothers bought mules and, in 1929, established the Yellow Transit Freight Lines to serve small manufacturers for whom freight was slow and express rates were prohibitive. By 1933, with the New Deal and the NIRA , most businesses came under government regulation in an attempt to increase employment. Cleve, together with taxicab operators from other parts of the country, met in Washington, D.C. to formulate

2720-470: The U.S. Congress found that the company should not have received the loan, as its survival was not "critical to maintaining national security". At the end of July 2023, Yellow reportedly was in the process of shutting down in anticipation of filing for bankruptcy. The bankruptcy was seen as the culmination of mainly long-term factors such as high debt ($ 1.3 billion due in Q4 of 2024, with $ 729 million of that due to

2800-688: The West, Viking subsidiary Spartan in the central and southern US and Cole's Express in New England. RSI also expanded into air freight with its 1993 founding of Roadway Global Air (RGA) based in Indianapolis. While RSI's smaller regional carriers were all non-union, Roadway Express was unionized and in April 1994 it was impacted by a nationwide strike of the Teamsters Union . The strike

2880-578: The assets to Burlington Air Express . Caliber said it had lost US$ 103 million on the venture. In December it announced it would be consolidating its remaining trucking companies, Viking (with subsidiary Spartan), Central, and Cole's into a nationwide carrier named Viking Freight Inc. But, Caliber continued to experience significant losses. Viking announced a wage freeze in July 1996 and in December said it would be eliminating 30 terminals and 1,500 jobs in

2960-416: The city as Interstate 635 . Johnson County Transit , also known as "The JO", provides public transportation via multiple bus routes throughout the city. Several of these routes connect Overland Park with other suburbs and downtown Kansas City, Missouri. Kansas City International Airport is located approximately 22 mi (35 km) north of central Overland Park. Johnson County Executive Airport ,

3040-569: The city include Accelerated Schools of Overland Park (4–12) and two Montessori schools . Kansas City Japanese School, a Japanese weekend educational program , is held at the Kansas Christian College in Overland Park. K–12 schools: The Accreditation Council for Business Schools and Programs is based in Overland Park; its competitive peer, the International Assembly for Collegiate Business Education ,

3120-668: The city including four elementary schools and St. Thomas Aquinas High School . The Lutheran Church–Missouri Synod oversees two schools, Bethany Lutheran School ( Grades K–8) and Christ Lutheran School (K–8). The Wisconsin Evangelical Lutheran Synod oversees a third Lutheran school , Mount Olive Lutheran School (K–8). Other Christian schools in the city are Kansas City Christian School 's Oxford Park Campus (PK–2) and Overland Christian Schools (PK–12). Overland Park also hosts one Jewish school, Hyman Brand Hebrew Academy (K–12). Non-religious private schools in

3200-609: The city is 88.2. As of 2014, the median home value in the city was $ 225,000, the median selected monthly owner cost was $ 1,712 for housing units with a mortgage and $ 570 for those without, and the median gross rent was $ 974. It was home to the Sprint Corporation before its merger with T-Mobile in 2020. Part of its former corporate campus was sold in 2019 to a firm named Occidental Management. Telephone company Embarq formerly had its national headquarters in Overland Park before its acquisition by CenturyTel in 2009;

3280-736: The city is divided into six wards with two members elected from each ward. The mayor is the 13th member, elected at-large . The council sets policy for the city, annually identifies city priorities for the Kansas Legislature and the United States Congress , and authorizes ordinances, resolutions, contracts, and agreements. The council meets on the first and third Monday of each month. The mayor presides over council meetings, appoints members to resident boards and commissions, meets with constituents, and signs ordinances, resolutions, contracts, and agreements authorized by

Yellow Corporation - Misplaced Pages Continue

3360-661: The city north of Interstate 435 lies within the Shawnee Mission School District (SMSD). SMSD, which is headquartered in Overland Park, operates thirty eight elementary schools, two middle schools, six high schools, and multiple support facilities in the city. Most of the city south of I-435 lies within the Blue Valley School District . Blue Valley, also based in Overland Park, operates 20 elementary schools, nine middle schools, five high schools, and one alternative high school in

3440-549: The city's northwestern fringe and then split off to the east as Shawnee Mission Parkway at interchange 226, running east–west through northern Overland Park. U.S. Route 69 runs generally north–south through the city, merging with I-35, U.S. 56, and U.S. 169 at interchange 225 just northwest of the city. U.S. 69 then splits off to the east with U.S. 56 and U.S. 169 as Shawnee Mission Parkway before turning north again as Metcalf Avenue. In extreme northern Overland Park, U.S. 69 then re-merges with I-35. Metcalf Avenue continues north out of

3520-425: The city's principal thoroughfare. He developed large portions of what would later become downtown Overland Park. On May 20, 1960, Overland Park was officially incorporated as a "city of first class", with a population of 28,085. Less than thirty years later, the population had nearly quadrupled to 111,790 in 1990, increasing to 173,250 as of the 2010 census. Overland Park officially became the second largest city in

3600-616: The city. A portion of western Overland Park lies within the Olathe Public Schools district which operates two elementary schools in the city. The extreme southwestern part of Overland Park lies within the Spring Hill School District. There are more than 12 private and parochial schools in Overland Park. The Roman Catholic Archdiocese of Kansas City in Kansas oversees five Catholic schools in

3680-506: The company ceased operations due to financial problems. On August 6, 2023, it filed for Chapter 11 bankruptcy protection . It owes $ 730 million to the federal government, which owns 30% of the corporation, as a result of the $ 700 million pandemic loan Yellow received in 2020. It had 30,000 employees, 22,000 of whom were members of the International Brotherhood of Teamsters . The financial problems existed since 2000, when

3760-403: The company completed a financial restructuring that essentially wiped out any shareholder equity. All employees, Teamsters included, took massive pay cuts in order to keep YRC in business. In March 2009, Yellow Transportation and Roadway formally merged to create YRC Inc. and Yellow Canada's operations were merged into Reimer Express to become YRC Reimer. On December 15, 2011, YRC Worldwide sold

3840-514: The company purchased half of Chinese freight-forwarding company JHJ International Transportation Co. Ltd. and in August 2008, bought a 65 percent share of Chinese Shanghai Jiayu Logistics Co. Following these international investments, Yellow Roadway Corp., the parent company of Roadway, Yellow, and other subsidiaries, changed its name to YRC Worldwide in 2006. YRC reported a net loss of $ 974 million for its 2008 fiscal year. In 2009 it again reported

3920-567: The company started taking on large debt loads while acquiring competitors but failed to achieve efficiencies of integrating the separate companies into one network, with the company stating that their union contracts were one factor blocking this integration. The company has only had three profitable quarters since 2009. An auction for the Yellow properties took place in November 2023. In 1906, Grover Cleveland "Cleve" Harrell (1884–1942) started what

4000-500: The company still employs several hundred people in Gardner . According to the city's 2016 Comprehensive Annual Financial Report, the top employers in the city are: Under state statute, Overland Park is a city of the first class . Since 1963, it has had a mayor-council-manager form of government. The city council consists of 13 members popularly elected every four years with staggered terms in office. For representative purposes,

4080-444: The company was in the middle of a False Claims Act in which it was accused of overbilling the government and making false statements. Given that it had divested its international interests and refocused on North American LTL operations, YRC Worldwide changed its name on February 4, 2021, this time returning to the name Yellow Corporation . Its Nasdaq ticker symbol changed to "YELL" a few days later. While it did not immediately change

SECTION 50

#1732793121051

4160-456: The corporate structure, the renaming was part of a larger restructuring Yellow had started in 2019 with the goal of combining all of its regional LTL services into a single network by 2022. During the COVID-19 pandemic in 2020, Yellow received a $ 700 million federal loan as part of a rescue package. In return, the U.S. Treasury took a 29.6% stake in the company's shares. In June 2023, a probe by

4240-652: The council. The city manager administers city operations and implements policies set by the city council. Overland Park lies within Kansas's 3rd U.S. Congressional District , which is represented by Sharice Davids . For the purposes of representation in the Kansas Legislature, the city is located in the 6th through 8th, 10th, 11th, 21st, and 37th districts of the Kansas Senate and the 8th, 16th, 19th through 24th, 27th through 29th, and 48th districts of

4320-522: The county seat. The city center is roughly 13 miles (21 km) south-southwest of downtown Kansas City, Missouri . The city lies on the northern edge of the Osage Plains a few miles south of the Kansas River . One of the river's tributaries, Turkey Creek, flows northeast through the extreme northern part of the city. South of Turkey Creek, the majority of the city lies in the watershed of

4400-501: The division's profitability imbalance when compared to RSI's non-union carriers. At the time, Roadway Express contributed over 40% of the parent company's US$ 5 billion annual revenue but was less profitable than the other trucking units. As a result, RSI announced in August 1995 that it would spin off Roadway Express as a separate, publicly traded company. As an independent company, Roadway Express grew substantially achieving profits of US$ 21.8 million in its first year. In 2003 Roadway

4480-595: The employed civilian labor force was: 53.0% in management, business, science, and arts; 26.2% in sales and office occupations; 11.3% in service occupations; 4.0% in natural resources, construction, and maintenance; 5.5% in production, transportation, and material moving. The three industries employing the largest percentages of the working civilian labor force were: educational services, health care, and social assistance (22.5%); professional, scientific, management, administrative, and waste management services (17.4%); and retail trade (10.7%). T-Mobile (former Sprint headquarters)

4560-482: The federal government as of Q1 2023), which started increasing after Yellow began acquiring other trucking companies in the early 2000s. The company previously accused the International Brotherhood of Teamsters of blocking a restructuring plan that could have saved it. The threat of a strike by the union in June and July after the company failed to make a $ 50 million benefits payment to the pension fund caused uncertainty in

4640-440: The freight lines, which he operated for many years. The company remained small until 1952, when an ownership group led by George E. Powell Sr. bought the freight company. During this time, Yellow helped pioneer the concept of consolidating small freight shipments into trailer loads. In 1968, the company name was changed from Yellow Transit Freight Lines to Yellow Freight System Inc. During the deregulation of interstate trucking in

4720-525: The help of E. I. du Pont de Nemours and Company to improve highway safety by determining the vehicle color that would be the most visible on the nation's highways. After the review was completed, it was determined that the color of the Swamp Holly Orange would be most visible from the greatest distance. Swamp Holly Orange became the color used on all company tractors. Overland Park, Kansas Overland Park ( OH -vər-lend PARK )

4800-444: The largest, Roadway Corporation, for US$ 1.05 billion . Roadway had been spun off from its former parent, holding company Roadway Services Inc. (RSI), in 1995 and operated as an independent, publicly traded company since then. The purchase included Roadway's national operation, Roadway Express , northeast regional LTL subsidiary, New Penn, and Canadian LTL operation, Reimer Express . A new holding company, Yellow Roadway Corporation ,

4880-474: The local Jewish Community Center of Greater Kansas City and Village Shalom, a local Jewish retirement community. A total of three people were killed in both shootings. The suspected gunman was described as a man in his seventies. He was later identified as a Neo-Nazi . He was Frazier Glenn Miller, Jr. . He was taken into custody. Overland Park is located in northeastern Kansas at the junction of Interstate 435 and U.S. Route 69 immediately east of Olathe ,

SECTION 60

#1732793121051

4960-409: The market, leading to freight volumes decreasing by nearly 80%. The company's statements of low cash reserves during the union negotiations also caused other customers to move to rival carriers such as FedEx and ABF Freight . By July 31, 2023, MFN Partners LP, a Boston -based hedge fund , had accumulated a 25% stake in the company and become the second largest owner after the federal government, with

5040-420: The median income for a family was $ 93,293. Males had a median income of $ 65,210 versus $ 43,413 for females. The per capita income for the city was $ 39,319. 4.9% of the population and 3.3% of families were living below the poverty line , including 6.5% of those under the age of 18 and 4.9% of those 65 and older. Overland Park is a principal city of both the Kansas City, MO–KS Metropolitan Statistical Area and

5120-711: The name Yellow Cab in Oklahoma. Later, John Hertz copied the Yellow Cab in Chicago and obtained the national trademark for the use of the name. Harrell's older brother, A. J. Harrell (1883–1972), had followed him to Oklahoma City and been successful in the operation of a horse and mule business during World War I. Cleve needed extra capital for expansion, so he formed a partnership with A. J. The company's offices were moved to 113 S. Santa Fe, and their younger brother, Marvin Harrell, and their father, Jake Harrell, were added to

5200-470: The part of it lying north of 159th Street, lies within the area of Johnson County referred to as Shawnee Mission . Overland Park lies in the transition zone between North America's humid subtropical climate and humid continental climate zones, typically experiencing hot, humid summers and cold, dry winters. The U.S. Census accounts for race by two methodologies. "Race alone" and "Race alone less Hispanics" where Hispanics are delineated separately as if

5280-678: The payroll. The partnership started a cross-country bus line connecting Oklahoma City and Tulsa , which was later sold to Pickwick Bus Company of Tulsa. Cleve established the Capital Hill Bus Lines for the southern part of Oklahoma City, which he successfully operated for several months before selling it to the Oklahoma Street Railway Company. When oil was discovered in the Oklahoma City area, mules were needed for work in digging slush pits, so

5360-440: The population. There were 71,443 households, of which 30.6% had children under the age of 18 living with them, 52.0% were married couples living together, 8.4% had a female householder with no husband present, 3.2% had a male householder with no wife present, and 36.3% were non-families. 29.8% of all households were made up of individuals, and 8.7% had someone living alone who was 65 years of age or older. The average household size

5440-514: The racial and ethnic makeup (where Hispanics are excluded from the racial counts and placed in their own category) was 73.19% (144,363) White alone (non-Hispanic) , 4.49% (8,854) Black alone (non-Hispanic) , 0.22% (426) Native American alone (non-Hispanic) , 9.28% (18,311) Asian alone (non-Hispanic) , 0.04% (87) Pacific Islander alone (non-Hispanic) , 0.42% (825) Other Race alone (non-Hispanic) , 4.54% (8,949) Multiracial or Mixed Race (non-Hispanic) , and 7.82% (15,423) Hispanic or Latino . As of

5520-406: The state, following Wichita, Kansas , after passing Kansas City, Kansas in the early 2000s. Population growth in the city can mainly be attributed to the traditional greenfield suburban development, appreciated on the city's annexation map. Overland Park's last annexation attempt, in 2008, garnered widespread news coverage after massive outcry from affected residents. Overland Park now has

5600-401: Was 2.41, and the average family size was 3.04. The median age in the city was 37.8 years. 24.7% of residents were under the age of 18; 7.4% were between the ages of 18 and 24; 28.2% were from 25 to 44; 27.6% were from 45 to 64; and 12.3% were 65 years of age or older. The gender makeup of the city was 48.3% male and 51.7% female. The median income for a household in the city was $ 71,513, and

5680-627: Was acquired by Yellow Freight to form Yellow Roadway Corporation . In November 1995, Roadway Services announced it was changing its name to Caliber System , effective in January 1996 and would move its stock listing from the Nasdaq to the NYSE under the new symbol "CBB." It also rebranded Roadway Logistics and Roadway Technology to Caliber Logistics and Caliber Technology, respectively. Caliber immediately began an effort to reorganize in an attempt to decrease costs. In November it shut down RGA and sold

5760-604: Was closed and Spartan was absorbed into Viking, operating as a subsidiary. At the same time Roadway Express continued its expansion with services to Europe in 1991 and a number of Pacific Rim ports soon after. Also in 1991, RSI replaced Pan Am Corp. on the Dow Jones Transportation Average . At the time, RSI was the third-largest motor freight carrier in the US. In 1993, RSI acquired Southwest regional LTL carrier Central Freight Lines which it placed in its Roadway Regional Group along with Viking in

5840-695: Was formed based at Yellow's headquarters in Overland Park to serve as the parent company for both Roadway Corp. and Yellow Corp. The purchase announcement came less than a year after the bankruptcy of the nation's then-third largest LTL carrier, Consolidated Freightways , meaning the Yellow-Roadway merger would leave the industry with a major gap from Yellow Roadway's estimated over US$ 6 billion in revenue to FedEx Freight and Con-way , both around US$ 2 billion , followed by Overnite Transportation and Arkansas Best both around US$ 1.3 billion . All but Yellow Roadway and Arkansas Best were non-union. The deal

5920-614: Was headquartered in the city from 1993 to 2007. It is also home to the Overland Park Xchange building, the 3rd largest office building in the Kansas City Metropolitan Area totalling 735,000 square feet of office space. As of 2014, 71.8% of the population over the age of 16 was in the labor force. 0.1% was in the armed forces, and 71.7% was in the civilian labor force with 68.1% being employed and 3.7% unemployed. The composition, by occupation, of

6000-529: Was initially RSI's only subsidiary but in 1984 the company acquired short-haul carrier Spartan Express Inc., then specialized truckload carrier Nationwide Carriers Inc., and finally in 1984, it purchased Roberts Express, a same-day critical trucking company, from Emery Air Freight . With both truckload and LTL services available via its subsidiaries, in 1985 RSI founded a package delivery service, Roadway Package System (RPS) in Pittsburgh, Pennsylvania. RPS

6080-420: Was intended to out-compete the package delivery services of UPS by structuring itself for lower costs. By 1988, RPS covered 70% of the US from 130 terminals. In the late 1980s and early 1990s RSI experienced both expansion and contraction as it acquired the largest western US regional carrier, Viking Freight, but closed the unprofitable Nationwide Carriers in 1989. In 1990, Viking subsidiary VFS Transportation

6160-442: Was re-incorporated as Central Freight Lines and continued as an independent regional LTL carrier. In January 1998, Caliber System was acquired by the newly formed FDX Corp., now FedEx Corp, a company formed by Federal Express to serve as a holding company for its express business and its new, Caliber subsidiaries. Following the acquisition, former Caliber subsidiary Roadway Express ( Nasdaq :  ROAD ) took Caliber's place on

6240-532: Was the result of a breakdown in negotiations between the Teamsters and Trucking Management Inc., a negotiating group which represented 23 large trucking companies including Roadway Express, Consolidated Freightways , and Yellow Freight . In the end, the strike lasted 24 days and, according to the RSI, resulted in losses of US$ 68 million for the quarter at Roadway Express. The strike at Roadway Express highlighted

6320-540: Was therefore subject to heightened regulatory and union scrutiny. As expected, the merger's financial impact was significant. Yellow Corp. posted 2003 revenue of $ 3.07 billion, and Yellow Roadway Corp. had 2004 revenue of $ 6.8 billion. Just a few years after the Roadway merger, the company made another significant acquisition in 2005 with the US$ 1.5 billion acquisition of Holland, Michigan-based LTL carrier USF Corp. and its subsidiaries. This brought Yellow Roadway's revenue to

6400-630: Was to become the Yellow Cab Company of Oklahoma with a horse-drawn hack and a team of horses in Oklahoma City . After a year, he bought a Model T Ford . People were willing to pay more to ride in an automobile. After World War I , he bought two more cars and hired a relief driver. In 1918, Harrell painted one of his cars yellow. Although ridiculed by other cab drivers, he was hauling more passengers than anyone else, so he painted all his cars yellow and business boomed. Harrell trademarked

#50949