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. Darren Hawkins - CEO Jamie Pierson - CFO Conference Call Participants Operator Good afternoon, and welcome to YRC Worldwide's First Quarter 2020 Earnings Call. 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. Darren is currently serving as Second Vice Chairman of the American Trucking Associations, the largest national trade association for the trucking industry. His net worth has been growing significantly in 2021-2022. For its 2021 fiscal year, Yellow Corp, listed the following CEO pay ratio data on its annual proxy statement to the SEC. We will continue to monitor the COVID-19 situation closely and adjust accordingly. Witnessestestifying before the House Subcommittee on Highways and Transit during the Sept. 11 hearing on "Pricing and Technology Strategies to Address Congestion on and Financing of Americas Roads." Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. 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. A struggling trucking company in his state was on the brink of collapse and needed government support. YRC Worldwide. 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 . As the pandemic shuttered large swaths of the U.S. economy this spring, freight volumes at YRC fell sharply. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. ATA Headquarters Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. In normal times when you have a recession, companies that arent the best companies go away.. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. So, how much is Darren Hawkins worth at the age of 56 years old? How Times reporters cover politics. Charli Zippia gives an in-depth look into the details of YRC Freight, including salaries, political affiliations, employee data, and more, in order to inform job seekers about YRC Freight. 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.. North to south and east to west, if youre shipping freight in North America, youre on our route. 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 . WASHINGTON As policymakers evaluate viable long-term approaches to fund the countrys transportation network, a trucking industry executive warned against relying on tolling. The estimated Net Worth of Darren Hawkins is at least $3.56 Million dollars as of 27 February 2017. 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. Recently, prosecutors under the current district attorney. about YRC Freight Honored as Walmarts National LTL Carrier of the Year. 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. It sends a chilling message to the American people that the Trump administration has no problem throwing nearly a billion dollars to wealthy, well-connected companies like YRC, while they refuse to provide adequate assistance for the unemployed or protect workers as the pandemic worsens, said Kyle Herrig, the president of Accountable.US. searched Mar-a-Lago, has been complicatedby the discovery that President Bidenand former Vice President Mike Pencealso had classified files in their possession. Also, Dawson is Corporate Secretary to the Yellow Corporation Board of Directors. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. All rights reserved. Will YRC live to fight another day? Mr. Ross wrote in a note to clients in May. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. YRC Freight has 19,000 employees, of which 5 are in a leadership position. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. She holds an MBA from Ashland University. As he put it, If we are going to tackle congestion, we need a thoughtful approach that provides states and local communities with the flexibility to do what makes sense given their unique circumstances, because no single solution is going to work everywhere.. Congress has not raised the 24.4 cents-per-gallon diesel tax and 18.4 cents-per-gallon gas tax since 1993. Mr. Darren D. Hawkins Page 2 of the coronavirus pandemic."3 On July 1, 2020, Treasury announced the first loan under the program, a $700 million loan to trucking company YRC Worldwide (now Yellow). about GI Jobs Magazine Military Friendly Employers. 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 YRC has financial backing from Apollo Global Management, a private equity firm with close ties to Trump administration officials. 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. Favorite Healthcare Staffing Jobs Near Me, Senior Software Engineer jobs at YRC Freight, Inside Sales Account Executive jobs at YRC Freight, Account Representative jobs at YRC Freight. With over 30 years of industry experience, Hawkins brings extensive expertise in both operations and sales. We rely on our journalists to be independent observers. 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). 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. The relationship between Apollo and the White House runs deep. Leah K. Dawson serves as Executive Vice President and General Counsel of Yellow Corporation, 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 Yellow Logistics. 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. What Now for a Fed That Has Fallen Behind theCurve Again? The inquiry one of two casesinherited in November by the special counsel, Jack Smith could be completed by spring or early summer. 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. Sean Jones is a CDO Coordinator at YRC Freight and is based in Leawood, Kansas. Real-time shipment status for your delivered and undelivered shipments. YRC Freight has 19,000 employees, of which 5 are in a leadership position. If you have any questions, please contact your YRCW account representative. about YRC Freight Professional City Driver Russell James Named to Americas Road Team. Its top 500 enterprises are listed by the quality of their security programs. 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. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . All participants will be in a. 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. On average, Yellow executives and independent directors trade stock every 43 days with the average trade being worth of $9,444,190. He brings to the role expertise in operational finance and strategy. 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. 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. For the past four years, he most recently served as Chief Executive Officer of Xpress Global Systems. The American Society of Civil Engineers, a supporter of a federal fuel tax increase, issued a D+ grade for the countrys infrastructure in 2017. 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 . All rights reserved. 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. 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. 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. Executive Vice President, General Counsel and Secretary, Senior Vice President, Treasury and Investor Relations. 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. Lets come together during this unprecedented health crisis and take care of each other and our communities. 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. 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. Clearly, from a highway users perspective, the waste that goes into collecting a toll is simply unacceptable when far more efficient alternatives are available, he added, noting ATA supports the federal adoption of a fee on hybrid and electric vehicles to make up for their minimal contribution to fuel taxes. Despite a persistent call-to-action from nearly every aspect of the freight community, transportation leaders have not demonstrated a sense of urgency. To be eligible, most companies are supposed to have government contracts that involve emergency preparedness functions or top-secret facilities. 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. 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. No ones going to notice that. about ScoopMonkeys Top 100 Best Carriers. He is from . Get a rate for your shipment with our simple-to-use quote tool or. 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. 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. 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. 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.. 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,. (transportation.house.gov). As Chief Executive Officer at Yellow Corp, Darren D. Hawkins made $2,118,469 in total compensation. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. YRCs relationship with the government has not always been cozy. You may also find the annual proxy statement by going directly to the company's website. As of the end of March it had $880 million in outstanding debt. EASTENDERS star Charlie G Hawkins has quit acting for a new career 12 years after playing tearaway Darren Miller on soap. 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. Darren has made over 10 trades of the Yellow stock since 2014, according to the Form 4 filled with the SEC. Intensifying investigations. The data presented on this page does not represent the view of YRC Freight and its employees or that of Zippia. YRC Worldwide was named. about YRC Freight Named a 2018 Top 100 Trucker by Inbound Logistics Magazine. A special grand jury in Georgia recently concludedits investigation into whether Mr. Trump and his allies criminally interfered with the 2020 election. Who is Darren Hawkins? Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. 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. In April, President Trump tapped YRCs chief executive, Darren Hawkins, to serve on a coronavirus economic task force and in January, he nominated the companys former chief executive, William Zollars, to the United States Postal Services board of governors. Here is a look at the criminal cases confronting Mr. Trump: Georgia election interference. We have estimated Darren Hawkins's net worth , money, salary, income, and assets. And people around the country have shown that they are willing to pay to get out of congestion., The panels top Republican, Rep. Rodney Davis of Illinois, championed a funding approach that would encompass multiple systems. As Chief Executive Officer at YELLOW CORP, Darren D. Hawkins made $2,076,468 in total compensation. 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. The proposal was not picked up by the Republican-led Congress at the time. about YRC Freight Named a 2019 Top 100 Trucker by Inbound Logistics Magazine. This report is not for commercial use. There are 7 older and 2 younger executives at Yellow. Prior to being named General Counsel, Dawson served as Assistant General Counsel and Assistant Secretary for Yellow Corporation since 2012. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. Hawkins was appointed by ATRI Chairman Judy McReynolds, president and CEO of ArcBest Corporation at ATRI's January board meeting. 2023 Yellow Corporation. Anyone can read what you share. 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 loan has come under scrutiny from the Congressional Oversight Commission, a bipartisan panel created by Congress to police stimulus funds. Yellow Corp income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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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. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. 430 First Street, SE, Suite 100 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. One of the companies is still active while the remaining three are now listed as inactive. Eager to assist, Mr. Mnuchin assured the senator that we will look at that specific company and see what we can do and get back to you.. 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. 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. He holds a Bachelor of Arts degree from Rutgers University and teaches at the Rutgers Business School Department of Supply Chain Management. Share Your Experience Name & Title Bio D Darren Hawkins CEO / President A A.j. Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Based on our data team's research, Darren Hawkins is the YRC Freight's CEO. YRCs fortunes have been fading for years, beginning in 2009 when two of its shipping competitors, FedEx and Conway, engaged in a price war in hopes of driving it out of the market. The case, which took a dramatic turn when the F.B.I. Hush money. 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. The loan has raised questions of favoritism in part because it appears to flout the Trump administrations own public assertions that it would not use taxpayer money to prop up individual companies or bail out businesses that were in financial trouble before the pandemic struck. 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. 2023 Yellow Corporation. 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. In a lengthy critique of tolls, Hawkins highlighted the cost often associated with collection, the potential for traffic diversion, and instances of unfair subsidization. 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 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 YRC Worldwide Recognizes Environmental Excellence. Learn about what the company is seeing in the market, how they uniquely serve the industry, and their plans for the future. Mr. Mnuchin controlled the$17 billion pot of money from which YRCsloan was drawn. A Defense Department spokesman referred questions to the Treasury Department when asked why YRC was critical to the countrys security. 6 on the Transport Topics Top 100 list of the largest for-hire carriers in North America. YRC attributes the complaint to an old contractual dispute and says it has a motion for dismissal pending. Hawkins received his bachelor's degree from the University of Utah.He has an M.A. Darren Hawkins (born April 15, 1966) is an American professor and the current chair of the department of Political Science at Brigham Young University.Hawkins is an expert on international conventions and international law. There are 7 older and 2 younger executives at Yellow. In 2018, the Trump White House had recommended a 10-year, $1.5 trillion private sector-centric infrastructure plan meant to revamp the countrys infrastructure. The company Inbound Logistics recognizes YRC Freightas a 2016 Top 100 Trucker for consistently providing premium service, reliability, scalability the watchwords of supply chain professionals who need For the third time in five years, Walmarts transportation executive team named YRC Freight its National LTL Carrier of the Year. You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. about YRC Freight Professional City Driver Byron Bramwell Achieves 3-Million-Mile Safety Milestone. Over the years, she has provided support for Cardinal Health businesses units that include Pharmaceutical, Pharmaceutical Distribution, Nuclear Pharmacy Services, and Enterprise Customer and Sales functions. 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. He asked Treasury Secretary Steven Mnuchin to help YRC. 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. We value your business and will continue doing our best to serve in this challenging climate. 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. Apollo Global Management, which Josh Harris helped found, said it was not involved in YRCs decision to seek the loan. Overturning the election. 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. We cant figure out how were going to pay for this, said DeFazio. Jason is also the President of Yellow Logistics, our 3PL organization. Yellow recently onboarded the largest number of new trucks in its history with advanced safety and emissions . VIEW FULL PROFILE. The employee data is based on information from people who have self-reported their past or current employments at YRC Freight. Have a shipment ready for pick up? 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. Olivier has a bachelors degree in Accounting from Trinity Christian College and began his career in public accounting. 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. about YRC Freight Named by Women in Trucking as 2018 Top Company for Women to Work for in Transportation. 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. The White House has not unveiled a comprehensive plan since the start of the divided government session of Congress this year. That is especially pertinent when difficult choices are being made about extending unemployment insurance and funding schools with personal protective equipment. Darren D. Hawkins Chief Executive Officer. YRC's market cap is. 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. Its top 500 enterprises are listed by the quality of their security programs. COVID-19 A suspension of all guarantee service failure reimbursements has been issued effective 3/25/2020 Learn More . Harris has more than 25 years of extensive LTL industry experience. Read more GI Jobs Magazine Military Friendly Employers Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department. Darren Hawkins's income source is mostly from being a successful . Galen Mayes works at YRC Freight and a CDO Coordinator at YRC Freight and is based in Lewisville, Texas. There are no executives at Yellow getting paid more. In addition, he makes $2,118,470 as Chief Executive Officer and Director at Yellow. The company lost over $100 million in 2019. Military Friendly Employers have invested considerable time, money and personnel to build military ScoopMonkeys list of their 100 best-rated carriers is based on qualities like all-around service, punctuality, communication, and professionalism. Its history with advanced Safety and emissions on soap Yellow getting paid more network, a clear motivating. # x27 ; s market cap is Assistant Secretary for Yellow Corporation since 2012 Hawkins & x27... Has 19,000 employees, of which 5 are in a leadership position undelivered.! In marketing and supply chain Management from the University of Memphis Troubled Trucking company in state. 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