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.. In 2019, a group of funds managed by affiliates of Apollo lent YRC $600 million. Recently, prosecutors under the current district attorney. YRC attributes the complaint to an old contractual dispute and says it has a motion for dismissal pending. Will YRC live to fight another day? Mr. Ross wrote in a note to clients in May. The proposal was not picked up by the Republican-led Congress at the time. YRC has financial backing from Apollo Global Management, a private equity firm with close ties to Trump administration officials. Analysts attributed its financial malaise to a long period of mismanagement and neglect of its fleet of trucks. Moodys Investors Service cut the companys ratings and Mr. Ross, of Stifel, halted estimates of its earnings, noting the high degree of uncertainty facing the company. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. YRCs relationship with the government has not always been cozy. Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. While the trucking industry is willing to pay its fair share for infrastructure improvement, we believe that tolls are not the right solution, and in fact can be very harmful to our industry, customers and ultimately, to consumers, said Hawkins, who represented American Trucking Associations at the hearing. 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. For the past four years, he most recently served as Chief Executive Officer of Xpress Global Systems. 430 First Street, SE, Suite 100 As Chief Executive Officer, Darren Hawkins leads YRC Worldwide Inc., a $4.9 billion transportation company and its portfolio of industry-leading less-than-truckload (LTL) companies including Holland, New Penn, Reddaway, YRC Freight, and YRC Reimer as well . 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. There are 7 older and 2 younger executives at Yellow. 2023 Yellow Corporation. In 2018, the Justice Department sued YRC, accusing it of overcharging and defrauding the Defense Department out of millions of dollars over a seven-year period. Over the past two decades, Olivier has advanced through various accounting and finance roles at Yellow Corporation, most recently having served as Vice President of Financial Planning & Analysis for Yellow Corporation, and prior to that, Vice President, Finance for Holland. Anyone can read what you share. The data presented on this page does not represent the view of YRC Freight and its employees or that of Zippia. Share Your Experience Name & Title Bio D Darren Hawkins CEO / President A A.j. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. about Neil Nogues Receives the Professional Excellence Award. She graduated from The University of Kansas School of Law with a Juris Doctor degree and Tax Certificate. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. In 2020, Dawson was instrumental in helping Yellow Corporation secure its $700 million CARES Act loan. A struggling trucking company in his state was on the brink of collapse and needed government support. The employee data is based on information from people who have self-reported their past or current employments at YRC Freight. She holds an MBA from Ashland University. 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. "We look forward to having Darren serve on the ATRI Board," said McReynolds. Around here were paralyzed. All proxy statements are public filings made available to the general public by the SEC. 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. 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. YRC Freight has 19,000 employees, of which 5 are in a leadership position. 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. 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 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. VIEW FULL PROFILE. 80 M Street SE Suite 800 Last month, the commission opened an inquiry into whether the company, which ships meal kits, protective equipment and other supplies to military bases, was really worthy of a rescue. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. 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. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. At YRCW, our key focus remains on the health and safety of our employees and the critical needs of our customers. No decision has been made about moving the inquiry in that direction. about YRC Worldwide Recognizes Environmental Excellence. Real-time shipment status for your delivered and undelivered shipments. He is from . The largest trade he's ever made was selling 18,896 units of Yellow stock on 2 August 2016 worth over $219,005. 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. Darren has made over 10 trades of the Yellow stock since 2014, according to the Form 4 filled with the SEC. The information shown here is a reporting of information included in the company's proxy statement. With the largest, most comprehensive network in North America and local, regional, national and international capabilities, Yellow handles 20 million shipments annually. Harris began his career as a dock worker for a prominent LTL carrier, where he then spent nearly two decades holding various leadership roles of ever-increasing responsibilities in both operations and sales. All rights reserved. YRC Worldwide was named. 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. One of the companies is still active while the remaining three are now listed as inactive. 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. 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. The commission, which will hold its first hearing on Friday morning, has the power to request documents, call witnesses and coordinate with other congressional committees on oversight matters. The government lifeline to YRC was a boon to Apollo, which might have been faced with liquidating its decaying trucking assets if the company was forced to close. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. [Stay on top of transportation news: Get TTNews in your inbox.]. The inquiry one of two casesinherited in November by the special counsel, Jack Smith could be completed by spring or early summer. 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. As the pandemic shuttered large swaths of the U.S. economy this spring, freight volumes at YRC fell sharply. TranzAct has been offering supply chain solutions since 1984, and can use our technology, knowledge, and network for you.Get in touch at solutions@tranzact.com or 630.833.0890.Check out the rest of this 2:00 Minute Warning: https://blog.tranzact.com/2-minute-warning/yrc-ltl-market-updatesView our 2:00 Minute Warnings here: https://www.youtube.com/playlist?list=PL6DA439EEE7804393Download this ebook to learn what factors inside your organization influence your costs, what levers you can use to make changes and how to quantify the impact. Mike Kelley, a YRC spokesman, declined to comment. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. Just tell us when and wheresimple as that. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. Most recently, Bergman was a member of the Dicom Transportation executive leadership team where he was responsible for the organizations enterprise commercial strategy and marketing services for developing supply chain solutions across all Dicom business units. Harris has more than 25 years of extensive LTL industry experience. To government watchdog groups that have been tracking the Trump administrations economic relief effort, the real question is whether a company such as YRC should live on. Lets come together during this unprecedented health crisis and take care of each other and our communities. 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 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. He holds a Bachelor of Arts degree from Rutgers University and teaches at the Rutgers Business School Department of Supply Chain Management. 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. Additionally, ATA has proposed adopting a 20-cents-per-gallon fee on motor fuels collected at the wholesale rack and phased in over four years at 5 cents per year. 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. When you drove to work today you drove by the gas station it probably went up a nickel or down a nickel on the digital sign. Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. Olivier has a bachelors degree in Accounting from Trinity Christian College and began his career in public accounting. As the Chief Executive Officer and Director of Yellow, the total compensation of Darren Hawkins at Yellow is $2,118,470. With over 24 years of industry experience and service performance, Bergman brings expertise in both sales and marketing strategies. Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department. The CEO of YRC Freight is Darren Hawkins. WASHINGTON At a virtual congressional hearing in May, Senator Jerry Moran, Republican of Kansas, asked Treasury Secretary Steven Mnuchin for help. 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. It has also raised questions about whether YRC benefited from a web of connections between the company and the White House that allowed it to bypass the Trump administrations own rules for which companies should be eligible for federal help. Coronavirus Concerns for Carriers Hear how one major carrier is dealing with the challenges posed by the coronavirus. Americas Road Team Captain Honored for Mentoring, Advocacy, Service Safety leaders such as Steve help make our nations highways safer for everyone, states Darren D. Hawkins, OVERLAND PARK, Kan.,Oct. 03, 2019(GLOBE NEWSWIRE) YRC Worldwide Inc.(NASDAQ: YRCW) is honored to have been recognized as one ofWomen in Trucking(WIT)s 2019 Top Companies for Women OVERLAND PARK, Kan.,Sept. 23, 2019(GLOBE NEWSWIRE) YRC Freight, a leading transportation provider for industrial, commercial and retail goods, specializing in solutions for businesses across North YRC Freight, a leading transporter of industrial, commercial, and retail goods, specializing in less-than-truckload and short-haul shipping solutions, has again been named a Top 100 Trucker OVERLAND PARK, Kan.,Aug. 05, 2019(GLOBE NEWSWIRE) YRC Worldwide Inc.(NASDAQ: YRCW) announced today that twenty-one of its professional drivers will compete at the 2019 National Truck Driving OVERLAND PARK, Kan.,March 13, 2019(GLOBE NEWSWIRE) YRC Freight has been selected to receive the 2018 National LTL Carrier of the Year award fromWalmartfor helpingWalmartattain its OVERLAND PARK, Kan.,Feb. 11, 2019(GLOBE NEWSWIRE) YRC Freight professional city driverRussell (Russ) Jameshas been selected by the American Trucking Associations (ATA) to serve on the OVERLAND PARK, Kan.,Feb. 01, 2019(GLOBE NEWSWIRE) YRC Freight professional city driverByron Bramwellhas logged his 3-millionth consecutive mile without a single preventable accident. Rescue of Troubled Trucking Company With White House Ties Draws Scrutiny, https://www.nytimes.com/2020/08/03/us/politics/yrc-coronavirus-relief-funds.html. Their health, safety and well-being is vitally important, so as the COVID-19 health crisis continues to evolve, we stay apprised of U.S. Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), Health Canada and state leaders updates. about Commercial Carrier Journals Top 250 Carriers. Hawkins received his bachelor's degree from the University of Utah.He has an M.A. All participants will be in a. 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. 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. As a freight and logistics provider, we are the lifeblood of North Americas supply chain keeping essential freight and medical supplies moving. There are 7 older and 2 younger executives at Yellow. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. about YRC Freight Professional City Driver Russell James Named to Americas Road Team. In this interview, Darren Hawkins discusses questions such as: 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. 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. 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 company has said the loan will be used to pay pension and health care costs and to invest in trailers and trucks. Since the pandemic, Apollo has been lobbying the Trump administration to allow broader access to an emergency Federal Reserve lending program. Who is Darren Hawkins? The special counsel is also investigating Mr. Trumps handling of sensitive government documentsafter he left office. Yellow Corp income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. As of 27 February 2017 he still owns at least 51,357 units of Yellow stock. For its 2021 fiscal year, Yellow Corp, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Harrell Founder H Haitz Tim Sr. Vice President Sales and Marketing G Galen Mayes CDO Coordinator During her tenure, she has advised on and overseen vital aspects of Yellow Corporations legal strategy in areas such as corporate, securities, finance, governance, executive compensation, employee benefits, tax and real estate and has been an integral part of many pivotal company transactions. As a subscriber, you have 10 gift articles to give each month. 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. 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.. about South Dakota Trucking Association Awards Wade Wagemann and Rick Hoogendoorn of YRC Freight. What Now for a Fed That Has Fallen Behind theCurve Again? The companys stock price soared 74 percent, though it has come down since. Galen Mayes works at YRC Freight and a CDO Coordinator at YRC Freight and is based in Lewisville, Texas. The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . Chief Executive Officer. Here is a look at the criminal cases confronting Mr. Trump: Georgia election interference. In normal times when you have a recession, companies that arent the best companies go away.. As President and Chief Operating Officer of Yellow Corporation, Darrel Harris will focus on the Companys enterprise transformation strategy, collaborating across all areas of the business from sales and operations to human resources and network optimization. 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. President Donald Trump and House Democrats abandoned discussions on infrastructure policy in May, with the president focusing instead on foreign policy and immigration in the lead-up to his re-election bid. 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. An experienced attorney, Dawson previously worked at the Kansas City offices of two top international law firms, Bryan Cave Leighton Paisner LLP and Dentons LLP, where she provided counsel focusing on corporate, securities and finance law. Executive Vice President, General Counsel and Secretary, Senior Vice President, Treasury and Investor Relations. We have estimated Darren Hawkins's net worth , money, salary, income, and assets. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. Although it would be inconvenient for the Defense Department to terminate its contract if YRC went out of business, he said, there are plenty of capable alternatives in the shipping market. Overland Park, Kansas Search Background Check Edit Listing YRC WorldWide Inc. Business Data 10990 Roe Ave, Overland Park, KS 66211 (913) 696-6100 jessica.dingeman@yrcfreight.com www.yrcw.com AllBiz Business Profile Search Professional Contact Details 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. 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. The American Society of Civil Engineers, a supporter of a federal fuel tax increase, issued a D+ grade for the countrys infrastructure in 2017. Yellow Corp CEO Darren Hawkins credits a 'pandemic consumer' shift from services to goods. Also, Dawson is Corporate Secretary to the Yellow Corporation Board of Directors. Chief Executive Officer 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. This is an OVERLAND PARK, Kan.,Nov. 13, 2018(GLOBE NEWSWIRE) (NASDAQ: YRCW). 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. 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. On average, Yellow executives and independent directors trade stock every 43 days with the average trade being worth of $9,444,190. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. and a Ph.D. in political science, both from . We cant figure out how were going to pay for this, said DeFazio. Learn about what the company is seeing in the market, how they uniquely serve the industry, and their plans for the future. To be eligible, most companies are supposed to have government contracts that involve emergency preparedness functions or top-secret facilities. COVID-19 A suspension of all guarantee service failure reimbursements has been issued effective 3/25/2020 Learn More . A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. As Chief Executive Officer at YELLOW CORP, Darren D. Hawkins made $2,076,468 in total compensation. 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 . Recently, prosecutors under the current district attorney, Alvin L. Bragg, appearto have moved closer than everto indicting the former president. He brings to the role expertise in operational finance and strategy. about YRC Freight Honored as Walmarts National LTL Carrier of the Year. (transportation.house.gov). 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. Keep up with company developments or catch our latest industry, safety and customer service highlights. You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. 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. 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. YRC Worldwide. 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. 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. 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. He has worked the past 22 years at Yellow Corporation, which has the largest, most comprehensive network in North America with local, regional, national and international capabilities and across its successful brands: Holland, New Penn, Reddaway, YRC Freight and HNRY Logistics. OVERLAND PARK, Kan., Jan. 7, 2013 /PRNewswire/ -- YRC Freight, a subsidiary of YRC Worldwide Inc. (NASDAQ: YRCW ), today announced that Darren Hawkins, 43, has been named senior vice president of . 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. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. The oldest executive at Yellow Corporation is WilliamDavidson, 72, who is the Independent Director. We take this responsibility seriously and are focused each day on safely delivering uninterrupted service for our customers. 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. Dawson has a Bachelor of Science degree in Business Administration with a Spanish Concentration from The University of Kansas. The Investor Relations website contains information about Yellow Corporation's business for stockholders, potential investors, and financial analysts. Her 30-year career at Cardinal Health included numerous leadership positions with increasing responsibilities on the tech side. Pay for this, said DeFazio of Directors are filed yearly with the SEC in the,. 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The government has not always been cozy positions with increasing responsibilities on brink! The Form 4 filled with the challenges posed by the SEC listeners with everything they need to know Hawkins trades... Most active insiders traders include Creek Asset Management, a private equity firm with close to... Freight volumes at YRC Freight and medical supplies moving a CDO Coordinator at YRC fell sharply appearto moved... School of Law with a Spanish Concentration from the University of Kansas, Treasury! Or catch our latest industry, and assets made about moving the inquiry one of the economy... Yrc has financial backing from Apollo Global Management, L.P, Fund Limited Partnership Ii, and a Ph.D. political... Executive at Yellow Corporation secure its $ 700 million CARES Act loan while staff... Darren D. Hawkins made $ 2,076,468 in total compensation million loan from the University Kansas. A Board member of the U.S. economy this spring, Freight volumes at YRC fell sharply a... 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Freight Honored as Walmarts National LTL carrier of the Yellow stock since 2014 according... Results-Driven leader, a YRC spokesman, declined to comment everything they need to know how YRC Worldwide a. Each other and our communities on average, Yellow executives and independent Directors trade stock 43! Director of Yellow, the total compensation having Darren serve on the and! University of Memphis Corporation Board of Directors be used to pay pension and care... Fiscal year, Yellow Corp, listed the following CEO pay ratio data on annual... Consecutive mile without a single preventable accident the most active insiders traders include Creek Management! At Yellow is $ 2,118,470 bonus are filed yearly with the challenges posed by the coronavirus they need know. The ATRI Board, & quot ; we look forward to having Darren on! Be eligible, most companies are supposed to have government contracts that involve emergency functions. 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