-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GyKXFmIj7+JUTqoFm/jgU1eWI+zWaEVqZCnNoS9IUiWAQazB/YMXCSwjWDJAF/XS
 FJoKR/AyjmShQ1VcUCh3wA==

<SEC-DOCUMENT>0001181431-03-034626.txt : 20031208
<SEC-HEADER>0001181431-03-034626.hdr.sgml : 20031208
<ACCEPTANCE-DATETIME>20031208210142
ACCESSION NUMBER:		0001181431-03-034626
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031125
FILED AS OF DATE:		20031208

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YELLOW CORP
		CENTRAL INDEX KEY:			0000716006
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING (NO LOCAL) [4213]
		IRS NUMBER:				480948788
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ATTN: FINANCIAL REPORTING MANAGER - A415
		STREET 2:		10990 ROE AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66211
		BUSINESS PHONE:		9136966100

	MAIL ADDRESS:	
		STREET 1:		ATTN: FINANCIAL REPORTING MANAGER - A415
		STREET 2:		10990 ROE AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66211

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CARR CASSANDRA C
		CENTRAL INDEX KEY:			0001103614

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12255
		FILM NUMBER:		031043435

	BUSINESS ADDRESS:	
		STREET 1:		C/O YELLOW CORP
		STREET 2:		10990 ROE AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66211-1213
		BUSINESS PHONE:		9136966106

	MAIL ADDRESS:	
		STREET 1:		10990 ROE AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66211-1213
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd25002.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-11-25</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000716006</issuerCik>
        <issuerName>YELLOW CORP</issuerName>
        <issuerTradingSymbol>YELL</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001103614</rptOwnerCik>
            <rptOwnerName>CARR CASSANDRA C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>440 RIVER GARDEN TRAIL</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78746</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-11-25</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2178</value></transactionShares><transactionPricePerShare><value>16.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10703</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransacti
on><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-11-25</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2178</value></transactionShares><transactionPricePerShare><value>30.9802</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>8525</value><footnoteId id="F1"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Director Stock Option</value></securityTitle><conversionOrExercisePrice><value>16.64</
value></conversionOrExercisePrice><transactionDate><value>2003-11-25</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>2178</value></transactionShares><transactionPricePerShare><value>16.64</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1999-07-04</value></exerciseDate><expirationDate><value>2004-01-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2178</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>8534</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndir
ectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">The Reporting Person has deferred the receipt of 7,028 shares until her departure from the board of directors of the Issuer.</footnote></footnotes><ownerSignature><signatureName>Cassandra C. Carr</signatureName><signatureDate>2003-12-08</signatureDate></ownerSignature></ownershipDocument>



</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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