In April, President Trump tapped YRC's chief executive, Darren Hawkins, to serve on a coronavirus economic task force and in January, he nominated the company's former chief executive,. 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. As Yellow Corporations Chief Commercial Officer, Jason W. Bergman leads the industry-leading enterprise sales organization comprised of corporate, local, and 3PL channels, and the marketing services team. No ones going to notice that. All rights reserved. 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. 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. 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. He holds a Bachelor of Arts degree from Rutgers University and teaches at the Rutgers Business School Department of Supply Chain Management. 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. Darren Hawkins. 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. As a subscriber, you have 10 gift articles to give each month. 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. Last year it posted a net loss of $104 million. YRC has financial backing from Apollo Global Management, a private equity firm with close ties to Trump administration officials. The oldest executive at Yellow Corporation is WilliamDavidson, 72, who is the Independent Director. 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. (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. /PRNewswire-USNewswire/ -- YRC Worldwide President and Chief Operating Officer Darren D. Hawkins has been appointed to the Board of Directors of the American. As the pandemic shuttered large swaths of the U.S. economy this spring, freight volumes at YRC fell sharply. This report is not for commercial use. 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. 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. To be eligible, most companies are supposed to have government contracts that involve emergency preparedness functions or top-secret facilities. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. (transportation.house.gov). In normal times when you have a recession, companies that arent the best companies go away.. 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. Prior to being named General Counsel, Dawson served as Assistant General Counsel and Assistant Secretary for Yellow Corporation since 2012. 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. 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. 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. 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. 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. YRC attributes the complaint to an old contractual dispute and says it has a motion for dismissal pending. YRC Worldwide, Inc. (YRCW) Q4 2019 Earnings Conference Call February 4, 2020 5:00 PM ETCompany ParticipantsEric Birge - VP, IRDarren Hawkins - CEO & DirectorJames Pierson - CFO,. Of this total $1,100,000 was received as a salary, $893,369 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $125,100 came from other types of compensation. Apollo, which is YRCs biggest creditor, said it was not involved in YRCs decision to seek the Treasury Department loan and noted that it is one of several lenders invested in the company. 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 Hear the latest economic, business and market news, as well as global, national, and local news. 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. For the past four years, he most recently served as Chief Executive Officer of Xpress Global Systems. Will YRC live to fight another day? Mr. Ross wrote in a note to clients in May. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. The CEO of Yellow Corp., the trucking company formerly known as YRC Worldwide, told FOX Business Friday . Thorough reviews have been conducted to assure this data accurately reflects disclosures. 6 on the Transport Topics Top 100 list of the largest for-hire carriers in North America. In a lengthy critique of tolls, Hawkins highlighted the cost often associated with collection, the potential for traffic diversion, and instances of unfair subsidization. Learn about what the company is seeing in the market, how they uniquely serve the industry, and their plans for the future. YRC's market cap is. As a freight and logistics provider, we are the lifeblood of North Americas supply chain keeping essential freight and medical supplies moving. Galen Mayes works at YRC Freight and a CDO Coordinator at YRC Freight and is based in Lewisville, Texas. At YRCW, our key focus remains on the health and safety of our employees and the critical needs of our customers. Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. The inquiry into Mr. Trumps role in paying hush money to the porn actress Stormy Daniels during his 2016 campaign has spanned five years, two Manhattan district attorneys and multiple grand juries. Executive Summary. about Inbound Logistics 2016 Top 100 Trucker. The Treasury Department submits all applications that do not meet those criteria to the Defense Department for review. The company lost over $100 million in 2019. 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. about YRC Worldwide Professional Drivers Head to 2019 National Truck Driving Championships. Overland Park KS 66211, United States. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The impacts of the COVID-19 pandemic are being felt around the world, as we all do our best to stay safe and well. His net worth has been growing significantly in 2021-2022. ATA Headquarters Its top 500 enterprises are listed by the quality of their security programs. Read more GI Jobs Magazine Military Friendly Employers Jason is also the President of Yellow Logistics, our 3PL organization. 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 has made over 10 trades of the Yellow stock since 2014, according to the Form 4 filled with the SEC. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. Share Your Experience Name & Title Bio D Darren Hawkins CEO / President A A.j. Yellow Corp annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Absent significant upgrades and repairs to key freight and commuter corridors, congestion has worsened at major metropolitan regions, other stakeholders told lawmakers at the hearing. A struggling trucking company in his state was on the brink of collapse and needed government support. YRC was already in a precarious position given that they werent a very profitable company, they were already losing volume and market share, and theyve been trying to turn this around forever, said David Ross, an analyst at the investment firm Stifel. and a Ph.D. in political science, both from . In 2017, Josh Harris, a founder of Apollo, advised the Trump administration on infrastructure policy and discussed a possible White House job with Jared Kushner, Mr. Trumps son-in-law and senior adviser. about ScoopMonkeys Top 100 Best Carriers. So, how much is Darren Hawkins worth at the age of 56 years old? 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. Here is a look at the criminal cases confronting Mr. Trump: Georgia election interference. 430 First Street, SE, Suite 100 Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Its top 500 enterprises are listed by the quality of their security programs. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. No former president has ever confronted the barrage of legal threats that Donald J. Trump now faces, all of which appear to be, The Justice Department has been asking questions for more than a year about Mr. Trumps efforts to overturn the election and whether he committed any crimes in connection with the Jan. 6 attack. Washington, DC 20003, ATA Capitol Hill Office 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.. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . 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 . We will continue to monitor the COVID-19 situation closely and adjust accordingly. about Bobby Elrod Reaches Safety Achievement of 5-Million Accident-Free Miles. 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. 2023 Yellow Corporation. 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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. As the Chief Executive Officer and Director of Yellow, the total compensation of Darren Hawkins at Yellow is $2,118,470. The CEO of YRC Freight is Darren Hawkins. He brings to the role expertise in operational finance and strategy. Yellow Corp income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. A Defense Department spokesman referred questions to the Treasury Department when asked why YRC was critical to the countrys security. about GI Jobs Magazine Military Friendly Employers. 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. Treasury said that it had relied on a certification by the Secretary of Defense that Yellow was "critical to maintaining national 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. 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. He is a market-driven collaborative team builder and solutions leader with a proven track record of growing established businesses. Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. 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. YRC Worldwide. The looming shortfall of a highway account backed by revenue from the fuel tax was not addressed in surface transportation legislation the Senate Environment and Public Works Committee advanced in July. Darren D. Hawkins Age : 53 Public asset : 1,415,359 USD Linked companies : Yellow Corporation Summary Currently, Darren D. Hawkins holds the position of Chief Executive Officer & Director at Yellow Corp. Mr. Hawkins is also on the board of American Trucking Associations, Inc. Each year, the magazines editors conduct a qualitative assessment of service YRC Freight is proud to announce that Neil Nogues, professional driver from New Hampshire, received the Neill Darmstadter Professional Excellence Award at the 2018 National Truck YRC Freight has been named for the fourth time as the National Shippers Strategic Transportation Councils (NASSTRAC) National LTL Carrier of the Year. Her 30-year career at Cardinal Health included numerous leadership positions with increasing responsibilities on the tech side. about South Dakota Trucking Association Awards Wade Wagemann and Rick Hoogendoorn of YRC Freight. YRC Worldwide was named. Yellow Corp CEO Darren Hawkins credits a 'pandemic consumer' shift from services to goods. In addition, he makes $2,118,470 as Chief Executive Officer and Director at Yellow. There are 7 older and 2 younger executives at Yellow. All participants will be in a. 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. 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. Have a shipment ready for pick up? Darren Hawkins, president and CEO of YRC Worldwide, emphasized the industry's concerns with the conversion of existing toll-free interstate highway lanes to tolled facilities during a hearing of . For its 2021 fiscal year, Yellow Corp, listed the following CEO pay ratio data on its annual proxy statement to the SEC. We take this responsibility seriously and are focused each day on safely delivering uninterrupted service for our customers. 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