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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, ~~D.C.~~DC 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(h) of the Investment Company Act of 1940

o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Name and Address of ReportingPerson* (Last, First, Middle)

Issuer Name and Ticker ororTrading ~~TradingSymbol~~Symbol

I.R.S. Identification Number of ReportingPerson, if an entity (Voluntary)

Reid, Gregory A.(Last) (First) (Middle)

Yellow Corporation (yell)

Reid, Gregory A.

Yellow Corporation (YELL)

10990 Roe Avenue (Street)

Statement for Month/Day/Year

If Amendment, Date of Original (Month/Day/Year)

10990 Roe Avenue

Statement for (Month/Day/Year)

If Amendment, Date of Original (Month/Day/Year)

10/02

4/16/03

Relationship of Reporting Person(s)to Issuer (Check All Applicable)

Individual or Joint/Group Filing(Check Applicable Line)

(Street)

Relationship of Reporting Person(s) to Issuer (Check All Applicable)

Individual or Joint/Group Filing(Check Applicable Line)

Overland Park, KS 66211 USA (City) (State) (Zip)

Director

10% Owner

Form Filed by One Reporting Person

Overland Park, KS 66211 (City) (State) (Zip)

Director

10% Owner

Form filed by One Reporting Person

Officer (give title below)

Form ~~Filed~~filed by More than One Reporting Person

Other (specify below)

Senior Vice President

Senior Vice President & Chief Marketing Officer

Reminder:		Report on a separate line for each class of securities beneficially owned directly or indirectly.

*		If the form is filed by more than one reporting person, see instruction 4(b)(v).

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

Title of Security(Instr. 3)

~~TransactionDate~~Transaction Date(Month/Day/Year)

2A2a.

Deemed ExecutionDate, if any.(Month/Day/Year)

~~TransactionCode~~Transaction Code(Instr. 8)

Securities Acquired (A)or ~~orDisposed~~Disposed of (D)(Instr. 3, 4 and 5)

Amount of ~~Sec-urities~~SecuritiesBeneficially ~~BeneficiallyOwned~~OwnedFollowing ~~FollowingReported~~Reported ~~Trans-action~~Transactions(s)(Instr. 3 and 4)

~~OwnershipForm:Direct (D) orIndirect (I)(Instr~~6. 4)

7OwnershipForm:Direct (D) orIndirect (I)(Instr. 4)

~~Nature ofIndirectBeneficialOwnership(Instr~~7. 4)

Nature ofIndirectBeneficialOwnership(Instr. 4)

Code

Amount

(A)or(D)

Price

Common Stock

104/3016/0203

52,~~000~~195 (1)

1426.5724 (2)

6,793

Common Stock

10/30/02

4,826

27.80

Common Stock

10/30/02

174

27.791

4,598(1)

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Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Title of DerivativeSecurity(Instr. 3)

Conversion or ExercisePrice of DerivativeSecurity

TransactionDate(Month/Day/Year)

3A3a.

Deemed ExecutionDate, if any(Month/Day/Year)

TransactionCode(Instr. 8)

Number of Derivative SecuritiesAcquired (A) or Disposed of (D)(Instr. 3, 4 and 5)

Code

(A)

(D)

Employee Stock Option

14.57

10/30/02

5,000

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Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued(e.g., puts, calls, warrants, options, convertible securities)

Date Exercisable andExpiration Date (Month/Day/Year)

Title and Amount of Underlying Securities(Instr. 3 and 4)

Price of DerivativeSecurity(Instr. 5)

Number of ~~Derivative~~DerivativeSecurities ~~SecuritiesBeneficially~~Beneficially ~~Owned~~OwnedFollowing ~~FollowingReported~~Reported Transaction(s) (Instr. 4)

10.

Ownership Form of Derivative Security:Direct (D) ~~orIndirect~~or Indirect (I) (Instr. 4)

11.

Nature ofIndirectBeneficialOwnership(Instr. 4)

DateExercisable

ExpirationDate

Title

Amount orNumber ofShares

10/25/02

10/24/10

Common Stock

5,000

14.57

18,776

31,490

Explanation of Responses:

(1) ~~Restricted~~These ~~Stock~~shares ~~Grant~~represent a restricted stock award pursuant to ~~1992~~the Company’s Executive Performance Plan that are issued under the Company’s 2002 Stock Option and Share Award Plan ~~with~~. These ~~restriction~~shares ~~expiring~~vest onin 31/~~4/05~~3 increments on each of the first, second and third anniversaries of the date of grant. The vested shares remain restricted and may not be sold by the executive until such time as the executive leaves the company or, in certain circumstances, upon a change of control (as defined in the grant).

/s/ Gregory A. Reid		10/31/02
**Signature of Reporting Person		Date

(2) Represents the closing price of the Company’s common stock on The Nasdaq Stock Market on the date of grant.

/s/ Gregory A. Reid		4/17/03
**Signature of Reporting Person		Date

**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:		File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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