Yellow Corp. (YELL) stock prices fell by 5.25% as the market close on April 20th, 2021, bringing the price per share down to USD$8.30.
YELL Expands Workforce
April 20th, 2021 saw the announcement from YELL that the company was looking to expand its workforce by recruiting employees for various new employment opportunities. In the interests of employing additional local and box truck drivers, as well as dock workers, the company is planning to host two hiring events spanning from the 26th to the 27th of April 2021. With a multitude of openings across the nation, YELL is urgently looking for qualified individuals in regard to several job opportunities in Brisbane.
Scope of YELL
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As the fifth-largest transportation company in all of North America and the second largest less-than-truckload carrier, YELL’s workforce of more than 30,000 employees are spread out across all 50 states. YELL has also penetrated markets in Puerto Rico, Canada and Mexico.
Extent of Hiring Process
The hiring events are not isolated, seeing how YELL plans to host more than twenty-four similar recruiting events that will take place across the U.S. through to July 2021. YELL aims to increase its workforce numbers by thousands for the year ended 31st December 2021. Of those positions, at least 1500 are reserved for commercial drivers of various trucks.
YELL as an Essential Business
YELL CEO highlights the importance of continued hiring processes to maintain the U.S supply chain, with 70% of the nation’s freight utilizing the network of highways. To this end, YELL offers its employees extremely competitive wages and stellar healthcare benefits as an attractive incentive to for prospective employees looking to join its workforce.
YELL Facilitates Hiring Process
With the COVID pandemic resulting in a dire loss of jobs across the nation, YELL is willing to train prospective employees who would not be qualified as of joining the company’s workforce. To this end, YELL provides ongoing sponsorship to its Hayward Driver Academy which serves to provide tuition-free cases and road training to prospective employees.
Details of Hiring Events
With the interests of American communities who rely on freight services to thrive and, in some cases, survive, at heart, YELL espouses hiring as its highest priority. The hiring events taking place in Brisbane will provide candidates with the opportunity to interface with hiring managers while receiving assistance from YELL with procedures such as applications and other paperwork.
Future Outlook for YELL
With such wide-scale hiring being conducted in a pandemic context that is seeing sustained loss of employment in most sectors, the outlook for YELL looks promising. The national necessity of the work they do instills current and potential investors with confidence in the company’s future.