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. 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. 2023 Yellow Corporation. Get a rate for your shipment with our simple-to-use quote tool or. YRC's market cap is. Anyone can read what you share. Darren D Hawkins is Chief Executive Officer at YRC Worldwide Inc. See Darren D Hawkins's compensation, career history, education, & memberships. Executive Summary. 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. 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). Darren D Hawkins CEO at Yellow Corporation Nashville, Tennessee, United States 3K followers 500+ connections Join to view profile Yellow The University of Memphis About Experienced CEO and. No decision has been made about moving the inquiry in that direction. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. 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. How Times reporters cover politics. 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. That same year, Apollo lent $184 million to Mr. Kushners family real estate firm, Kushner Companies, to refinance the mortgage on a Chicago skyscraper. searched Mar-a-Lago, has been complicatedby the discovery that President Bidenand former Vice President Mike Pencealso had classified files in their possession. His net worth has been growing significantly in 2021-2022. Treasury said that it had relied on a certification by the Secretary of Defense that Yellow was "critical to maintaining national Darren D. Hawkins. Hawkins, who became CEO of YRC in May 2018, ranked as the Business Journal 's 16th-highest-paid public company executive, with $4.43 million in total compensation in 2018. The impacts of the COVID-19 pandemic are being felt around the world, as we all do our best to stay safe and well. Intensifying investigations. Washington, DC 20003, Agricultural and Food Transporters Conference. Darren Hawkins Net Worth. COVID-19 A suspension of all guarantee service failure reimbursements has been issued effective 3/25/2020 Learn More . YRC Freight The Original LTL Carrier Since 1924, YRC Freight Rules & Conditions (Tariff 100). Senator Jerry Moran, via video conference, at a hearing on Capitol Hill in May. The estimated Net Worth of Darren Hawkins is at least $3.56 Million dollars as of 27 February 2017. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. The American Society of Civil Engineers, a supporter of a federal fuel tax increase, issued a D+ grade for the countrys infrastructure in 2017. Share Your Experience Name & Title Bio D Darren Hawkins CEO / President A A.j. Since the pandemic, Apollo has been lobbying the Trump administration to allow broader access to an emergency Federal Reserve lending program. Around here were paralyzed. For the past four years, he most recently served as Chief Executive Officer of Xpress Global Systems. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. Hawkins has also overseen the companys transformation into a super-regional carrier that will offer enhanced services, LTL network resilience and in-cycle reliability. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. Charli The inquiry , The special counsel is also investigating Mr. Trumps. He has worked the past 22 years at Yellow Corporation, which has the largest, most comprehensive network in North America with local, regional, national and international capabilities and across its successful brands: Holland, New Penn, Reddaway, YRC Freight and HNRY Logistics. So, how much is Darren Hawkins worth at the age of 56 years old? YRC Worldwide Inc. (YRCW) Q4 2020 Earnings Conference Call Feb 04, 2021, 05:00 PM ET Company Participants Tony Carreo - VP, IR Darren Hawkins - CEO Dan Olivier - Interim CFO TJ O'Connor -. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. This information is according to proxy statements filed for the 2021 fiscal year. Hawkins was appointed by ATRI Chairman Judy McReynolds, president and CEO of ArcBest Corporation at ATRI's January board meeting. about YRC Freight Professional City Driver Byron Bramwell Achieves 3-Million-Mile Safety Milestone. As President and Chief Operating Officer of Yellow Corporation, Darrel Harris will focus on the Companys enterprise transformation strategy, collaborating across all areas of the business from sales and operations to human resources and network optimization. Rumfola earned her bachelors degree in productions and operations management science from State University of New York at Geneseo. We rely on our journalists to be independent observers. According to ATA, if this Build America Fund were to be enacted it would generate $340 billion in approximately 10 years. The award honors YRC Freights Security is a monthly business magazine for security executives. 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. 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. YRCs loan came from a discrete $17 billion pot of money set up by Congress and controlled by Mr. Mnuchin to help companies that were designated as critical to national security. Americas Road Team Captain Honored for Mentoring, Advocacy, Service Safety leaders such as Steve help make our nations highways safer for everyone, states Darren D. Hawkins, OVERLAND PARK, Kan.,Oct. 03, 2019(GLOBE NEWSWIRE) YRC Worldwide Inc.(NASDAQ: YRCW) is honored to have been recognized as one ofWomen in Trucking(WIT)s 2019 Top Companies for Women OVERLAND PARK, Kan.,Sept. 23, 2019(GLOBE NEWSWIRE) YRC Freight, a leading transportation provider for industrial, commercial and retail goods, specializing in solutions for businesses across North YRC Freight, a leading transporter of industrial, commercial, and retail goods, specializing in less-than-truckload and short-haul shipping solutions, has again been named a Top 100 Trucker OVERLAND PARK, Kan.,Aug. 05, 2019(GLOBE NEWSWIRE) YRC Worldwide Inc.(NASDAQ: YRCW) announced today that twenty-one of its professional drivers will compete at the 2019 National Truck Driving OVERLAND PARK, Kan.,March 13, 2019(GLOBE NEWSWIRE) YRC Freight has been selected to receive the 2018 National LTL Carrier of the Year award fromWalmartfor helpingWalmartattain its OVERLAND PARK, Kan.,Feb. 11, 2019(GLOBE NEWSWIRE) YRC Freight professional city driverRussell (Russ) Jameshas been selected by the American Trucking Associations (ATA) to serve on the OVERLAND PARK, Kan.,Feb. 01, 2019(GLOBE NEWSWIRE) YRC Freight professional city driverByron Bramwellhas logged his 3-millionth consecutive mile without a single preventable accident. The Treasury Department declined to explain why it determined that YRC was worthy of a loan. 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. The most active insiders traders include Creek Asset Management, L.P, Fund Limited Partnership Ii, and Bank Of Scotland Group Plc . There are 7 older and 2 younger executives at Yellow. He asked Treasury Secretary Steven Mnuchin to help YRC. "We look forward to having Darren serve on the ATRI Board," said McReynolds. 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.. 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. Executive Vice President, General Counsel and Secretary, Senior Vice President, Treasury and Investor Relations. He is a results-driven leader, a clear and motivating communicator, and a trusted and empowering manager. 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. The YRC loan appears to be an exception. In 2019, a group of funds managed by affiliates of Apollo lent YRC $600 million. He is currently vice chair of the American Trucking Associations and serves as a Board member of the American Transportation Research Institute. The oldest executive at Yellow Corporation is WilliamDavidson, 72, who is the Independent Director. Rumfola joined Yellow in January 2023, bringing an extensive background in technology leadership from Cardinal Health Inc., where she most recently served as senior vice president of information technology for the health care companys medical segment. 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. All participants will be in a. 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 This report is not for commercial use. You can see the complete history of Mr. Hawkins stock trades at the bottom of the page. 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. 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. She graduated from The University of Kansas School of Law with a Juris Doctor degree and Tax Certificate. The proposal was not picked up by the Republican-led Congress at the time. 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 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. (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. . He is from . 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. Also, Dawson is Corporate Secretary to the Yellow Corporation Board of Directors. 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. about Commercial Carrier Journals Top 250 Carriers. If you have any questions, please contact your YRCW account representative. 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 nations second largest less-than-truckload network. Members of a congressional oversight panel want to know how YRC Worldwide won a $700 million loan from the Treasury Department. Darren has made over 10 trades of the Yellow stock since 2014, according to the Form 4 filled with the SEC. about Neil Nogues Receives the Professional Excellence Award. It was the first company to receive a loan from that fund. 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 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. Learn about what the company is seeing in the market, how they uniquely serve the industry, and their plans for the future. He has written many articles in this field. Jason is also the President of Yellow Logistics, our 3PL organization. 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. 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.. The Treasury Department submits all applications that do not meet those criteria to the Defense Department for review. All rights reserved. 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. 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. 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 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. Government deal YRCW made.This interview from August, 2020, is an exclusive insight into YRCW's strategic goals, which includes advice for shippers looking to partner with their carriers in the current COVID environment and beyond.For more insights, go to www.tranzact.com, where you can find additional information on how shippers can succeed. 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. That is especially pertinent when difficult choices are being made about extending unemployment insurance and funding schools with personal protective equipment. Darren Hawkins is 50, he's been the Chief Executive Officer and Director of Yellow since 2018. 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. 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. The White House has not unveiled a comprehensive plan since the start of the divided government session of Congress this year. YRC Worldwide & LTL Market Updates As a vital part of the LTL industry, YRC was recently sustained by a major U.S. government loan package. 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. Hawkins received his bachelor's degree from the University of Utah.He has an M.A. 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. Through its OVERLAND PARK, Kan., April 20, 2018 (GLOBE NEWSWIRE) YRC Worldwide Inc. (NASDAQ:YRCW) today announced its eighth annual recognition of employees for environmental excellence. Hawkins holds a Bachelor of Business Administration in marketing and supply chain management from the University of Memphis. The CEO of YRC Freight is Darren Hawkins. Washington, DC 20003, ATA Capitol Hill Office Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. (transportation.house.gov). At YRCW, our key focus remains on the health and safety of our employees and the critical needs of our customers. 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. As Chief Executive Officer at YELLOW CORP, Darren D. Hawkins made $2,076,468 in total compensation. about GI Jobs Magazine Military Friendly Employers. 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. 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. 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. 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