WASHINGTON, D.C.  20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported)     March 20, 1996     

                              YELLOW CORPORATION
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            (Exact name of registrant as specified in its charter)

      Delaware                   0-12255              48-0948788        
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(State or other jurisdiction   (Commission          (IRS Employer
    of incorporation)           File Number)      Identification No.)

       10777 Barkley, P. O. Box 7563,    Overland Park, Kansas    66207
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   (Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code   (913) 967-4300     

                                  No Changes.  
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      (Former name or former address, it changed since last report.)
Item 5.  Other Events

         On March 20, 1996, Yellow Corporation (the company) reported that A.
Maurice Myers will become its new President and CEO.  Myers was also appointed
to the Board of Directors.

         Myers comes to the company from the airline industry where he most
recently served as President and Chief Operating Officer of America West
Airlines and helped lead the airline's financial turnaround.  Prior to joining
America West in January, 1994, Myers served as President and CEO of Aloha Air
Group based in Honolulu.  Myers joined Aloha in 1983 after holding various
marketing and financial positions with Continental Airlines, Merrill Lynch &
Company and Ford Motor Company.

         In announcing Myers' appointment, George E. Powell, Jr., company
Chairman said: "We're fortunate to find an executive of Maurice Myers'
experience and abilities.  His years of service in the airline industry, which
has experienced dynamic shifts similar to the less-than-truckload (LTL)
industry, should serve him well as he guides Yellow forward."

         Regarding the responsibilities, Myers said: "Rapidly shifting dynamics
in the trucking industry make the opportunity at Yellow particularly
attractive.  I'm especially encouraged by Yellow's strong market position, as
it creates a solid foundation on which to build improved earnings performance,
which is clearly the immediate corporate priority."

         The 55-year old executive earned a business degree from California
State University at Fullerton, CA and a Masters in Business Administration from
California State University at Long Beach, CA.

         Myers replaces George E. Powell III who announced his intention to
resign on January 17, 1996.  Powell's resignation as President and CEO is
effective concurrent with Myers appointment.

         Yellow Corporation is a holding company with subsidiaries specializing
in national, regional and international LTL transportation.  Headquartered in
Overland Park, KS, the company recorded 1995 revenue of $3.1 billion and
employs approximately 35,000 people throughout North America, Europe and the
Asia/Pacific Region.


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                   YELLOW CORPORATION

Date:    March 22, 1996                         /s/ H. A. Trucksess, III      
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                                                H. A. Trucksess, III
                                           Senior Vice President - Finance/
                                           Chief Financial Officer and Treasurer