Yellow is making progress toward profitability. It still suffered an $18.7 million loss in the 2020 fourth quarter, but cut its annual losses nearly in half to $53.5 million, compared with a $104 million loss in 2019. That latter figure included $11.2 million loss on extinguishment of debt associated with a refinancing of the Company’s term loan agreement.
Source: logistics Mgmt
Newly renamed Yellow Corp. cuts yearly loss in half to $53.5 million
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