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FORM 3
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                                                        WASHINGTON, DC 20549

                                       INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


          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(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*  |2. Date of Event Requiring Statement                          |6. If Amendment, Date
                                          |   (Month/Day/Year)                                           |    of Original
Churay        Daniel           J.         |   9/3/02                                                     |    (Month/Day/Year)
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(Last)        (First)       (Middle)      |3. IRS Identification |4. Issuer Name and Ticker              |
                                          |   Number of          |   or Trading Symbol                   |
Yellow Corporation                        |   Reporting Person,  |                                       |
- ----------------------------------------- |   if an Entity       |   Yellow Corporation (YELL)           |
10990 Roe Avenue                          |   (Voluntary)        |                                       |
- ------------------------------------------|                      |---------------------------------------|------------------------
               (Street)                   |                      |5. Relationship of Reporting Person    |7. Individual or
                                          |                      |    to Issuer (Check all applicable)   |   Joint/Group Filing
Overland Park     KS            66211     |                      |           Director       10% Owner    |  (Check applicable line)
- ------------------------------------------|                      |     -----           -----             |    X   Form Filed by
(City)          (State)          (Zip)    |                      |       X   Officer (give title below)  |  ----- One Reporting
                                                                       -----                                      Person
                                                                             Other (specify below)                Form file by
                                                                       -----                                ----- More than one
                                                                       Senior Vice President, General             Reporting Person
                                                                       Counsel, Secretary
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                                      TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security              |  2. Amount of Securities  |  3. Ownership Form: |  4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                     |     Beneficially Owned    |     Direct (D) or   |     (Instr. 4)
                                  |     (Instr. 4)            |     Indirect (I)    |
                                  |                           |     (Instr. 5)      |
- ----------------------------------|---------------------------|---------------------|-----------------------------------------------
None                              |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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                                  |                           |                     |
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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 persons, see Instruction 5(b)(v).
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative | 2. Date Exercisable | 3. Title and Amount of Securities |4. Conversion |5. Ownership |6. Nature of Security (Instr. 4) | and Expiration Date | Underlying Derivative Securities | or Exercise | Form of | Indirect | (Month/Day/Year) | (Instr. 4) | Price of | Derivative| Beneficial | | | Derivative | Security: | Ownership | | | Security | Direct | (Instr. 5) | | | | (D) or | |------------------------|--------------------------------------| | Indirect | | | | | Amount or | | (I) | | Date | Expiration| | Number of | | (Instr. 5)| | Exercisable| Date | Title | Shares | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- None | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - -----------------------|------------|-----------|-----------------------|--------------|---------------|-------------|-------------- | | | | | | | - ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: /s/ Daniel J. Churay 9/6/02 --------------------------------- ------ **Signature of Reporting Person Date * If the form is filed by more than one reporting person, see Instruction 5(b)(v). ** 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 provided is insufficient, see Instruction 6 for procedure. Page 2
(Print or Type Responses)