Introduction Home Yellow is Number One Three components. One company. One-Stop Shopping Shareholders' Letter Management's Discussion and Analysis Financial Summary Consolidated Balance Sheets Statements of Consolidated Operations Statements of Consolidated Cash Flows Statements of Shareholders' Equity Statements of Comprehensive Income Notes to Financial Statements   Description of Business   Principles of Consolidation...     Cash and Cash Equivalents     Concentration of Credit Risks     Revenue Recognition     Financial Instruments     Unusual Items     Claims and Insurance Accruals     Stock-Based Compensation     Impairment of Long-Lived Assets     Reclassifications   Preferred Stock   Supplemental Cash Flow Information   Discontinued Operations   Prepaid Expenses and Other   Goodwill and Other Assets   Property and Equipment   Accounts Payable   Other Current and Accrued Liabilities   Claims and Other Liabilities   Debt and Financing     Variable-Rate Debt     Fixed-Rate Debt     Other Debt   Employee Benefits     Retirement Plans     Multi-Employer Plans     401(k) Savings Plans     Performance Incentive Awards     Executive Performance Plan   Stock Compensation Plans   Goodwill and Intangibles   Acquisitions   Income Taxes   Commitments, Contingencies...     Labor Negotiations   Business Segments   Earnings Per Common Share Independent Auditors' Report Supplementary Information Glossary Officers Corporate Information Board of Directors Back Cover

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements Yellow Corporation and Subsidiaries Description of Business Principles of Consolidation and Summary of Accounting Policies     Cash and Cash Equivalents Concentration of Credit Risks Revenue Recognition Financial Instruments Unusual Items Claims and Insurance Accruals Stock-Based Compensation Impairment of Long-Lived Assets Reclassifications Preferred Stock Supplemental Cash Flow Information Discontinued Operations Prepaid Expenses and Other Goodwill and Other Assets Property and Equipment Accounts Payable Other Current and Accrued Liabilities Claims and Other Liabilities Debt and Financing     Variable-Rate Debt Fixed-Rate Debt Other Debt Employee Benefits     Retirement Plans Multi-Employer Plans 401(k) Savings Plans Performance Incentive Awards Executive Performance Plan Stock Compensation Plans Goodwill and Intangibles Acquisitions Income Taxes Commitments, Contingencies, and Uncertainties     Labor Negotiations Business Segments Earnings Per Common Share

Notes to Consolidated Financial Statements