Document:

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                                                                    EXHIBIT 10.1

                          EXECUTIVE SEVERANCE AGREEMENT

         AGREEMENT between Yellow Corporation, a Delaware corporation ("Yellow")
and Daniel J. Churay (the "Executive"),

         WITNESSETH:

         WHEREAS, the Compensation Committee of the Board of Directors (the
"Board") of Yellow has recommended, and the Board has approved, Yellow entering
into severance agreements with key executives of Yellow and its Subsidiaries
(hereinafter sometimes collectively referred to as the "Corporation"; and

         WHEREAS, the Executive is a key executive of Yellow or one of its
subsidiaries and has been selected by the Board as a key executive; and

         WHEREAS, should Yellow receive any proposal from a third person
concerning a possible Business Combination with, or acquisition of equity
securities of, Yellow, the Board believes it important that the Corporation and
the Board be able to rely upon the Executive to continue in his position, and
that Yellow have the benefit of the Executive performing his duties without his
being distracted by the personal uncertainties and risks created by such a
proposal;

         NOW, THEREFORE, the parties agree as follows:

         1.       Definitions.

         (a)      "Business Combination" means any transaction which is referred
                  to in any one or more of clauses (a) through (e) of Section 1
                  of Subparagraph A of Article Seventh of the Certificate of
                  Incorporation of Yellow Corporation.

         (b)      "Cause" means conviction of a felony involving moral turpitude
                  by a court of competent jurisdiction, which is no longer
                  subject to direct appeal, or an adjudication by a court of
                  competent jurisdiction, which is no longer subject to direct
                  appeal, that the Executive is mentally incompetent or that he
                  is liable for willful misconduct in the performance of his
                  duty to the Corporation which is demonstrably and materially
                  injurious to the Corporation.

         (c)      "Change of Control," for the purposes of this Agreement, shall
                  be deemed to have taken place if: (i) a third person,
                  including a "group" as defined in Section 13(d)(3) of the
                  Securities Exchange Act of 1934, purchases or otherwise
                  acquires shares of the Corporation after the date hereof and
                  as a result thereof becomes the beneficial owner of shares of
                  the Corporation having 20% or more of the total number of
                  votes that may be cast for election of directors of Yellow; or
                  (ii) as the result of, or in connection with any cash tender
                  or exchange offer, merger or other Business Combination, or
                  contested election, or any combination of the foregoing
                  transactions, the Continuing Directors shall cease to
                  constitute a majority of the Board of Directors of Yellow or
                  any successor to Yellow.

         (d)      "Continuing Director" means a director of Yellow who meets the
                  definition of Continuing Director contained in Section 7 of
                  Subparagraph C of Article Seventh of the Certificate of
                  Incorporation of Yellow Corporation.

         (e)      "Corporation" means Yellow Corporation and its subsidiaries.

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         (f)      "Normal Retirement Age" means the last day of the calendar
                  month in which the Executive's 65th birthday occurs.

         (g)      "Permanent Disability" means a physical or mental condition
                  which permanently renders the Executive incapable of
                  exercising the duties and responsibilities of the position he
                  held immediately prior to any Change of Control.

         (h)      "Subsidiary" means any domestic or foreign corporation, a
                  majority of whose shares normally entitled to vote in electing
                  directors is owned directly or indirectly by Yellow or by
                  other Subsidiaries.

         2.       Services During Certain Events. In the event a third person
                  begins a tender or exchange offer, circulates a proxy to
                  shareholders, or takes other steps seeking to effect a Change
                  of Control (as herein defined), the Executive agrees that he
                  will not voluntarily leave the employ of the Corporation
                  without the consent of the Corporation, and will render the
                  services contemplated in the recitals to this Agreement, until
                  the third person has abandoned or terminated his or its
                  efforts to effect a Change of Control or until 90 days after a
                  Change of Control has occurred. In the event the Executive
                  fails to comply with the provisions of this paragraph, the
                  Corporation will suffer damages which are difficult, if not
                  impossible, to ascertain. Accordingly, should the Executive
                  fail to comply with the provisions of this paragraph, the
                  Corporation shall retain the amounts which would otherwise be
                  payable to the Executive hereunder as fixed, agreed and
                  liquidated damages but shall have no other recourse against
                  the Executive.

         3.       Termination After Change of Control. "Termination" shall
                  include (a) termination by the Corporation of the employment
                  of the Executive with the Corporation within two years after a
                  Change of Control for any reason other than death, Permanent
                  Disability, retirement at or after his Normal Retirement Age,
                  or Cause or (b) resignation of the Executive after the
                  occurrence of any of the following events within two years
                  after a Change of Control of Yellow:

         a)       An adverse change of the Executive's title or a reduction or
                  adverse change in the nature or scope of the Executive's
                  authority or duties from those being exercised and performed
                  by the Executive immediately prior to the Change of Control.

         b)       A transfer of the Executive to a location which is more than
                  35 miles away from the location where the Executive was
                  employed immediately prior to the Change of Control.

         c)       Any reduction in the rate of the Executive's annual salary
                  below his rate of annual salary immediately prior to the
                  Change of Control.

         d)       Any reduction in the level of the Executive's fringe benefits
                  or bonus below a level consistent with the Corporation's
                  practice prior to the Change of Control.

         4.       Termination of Payments. In the event of a Termination, as
                  defined in Paragraph 3, Yellow shall provide to the Executive
                  the following benefits:

         a)       Yellow shall pay to the Executive on or before the Executive's
                  last day of employment with the Corporation, as additional
                  compensation for services

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                  rendered to the Corporation, a lump sum cash amount (subject
                  to the minimum applicable federal, state or local lump sum
                  withholding requirements, if any, unless the Executive
                  requests that a greater amount be withheld) equal to two times
                  the highest base salary and bonuses paid or payable to the
                  Executive by the Corporation with respect to any 12
                  consecutive month period during the three years ending with
                  the date of the Executive's Termination. In the event there
                  are fewer than 120 whole or partial months remaining from the
                  date of the Executive's Termination to his Normal Retirement
                  Age, the Executive shall be paid three times such highest base
                  salary and bonuses.

         b)       During the "Applicable Period" (as hereinafter defined),
                  following the Executive's Termination, the Executive shall be
                  deemed to remain an employee of the Corporation for purposes
                  of the applicable medical, life insurance and long-term
                  disability plans and programs covering key executives of the
                  Corporation and shall be entitled to receive the benefits
                  available to key executives thereunder, provided, however,
                  that in the event the Executive's participation in any such
                  employee benefit plan or program is barred, the Corporation
                  shall arrange to provide the Executive with substantially
                  similar benefits. For purposes of this Agreement, the
                  "Applicable Period" shall mean (i) if there are fewer than 120
                  whole or partial months remaining from the date of the
                  Executive's Termination to his Normal Retirement Date, three
                  years, or (ii) if subclause (i) above is not applicable, two
                  years.

         c)       The Executive shall be entitled to the Gross-Up Payment, if
                  any, described in Paragraph 6.

         5.       Stock-Out of Options. In the event of a Change of Control, the
                  Executive shall receive in exchange for his non-qualified
                  stock options and incentive stock options granted by the
                  Corporation which are outstanding on the date of the Change of
                  Control, common stock of Yellow (or, if Yellow or its
                  successor becomes a subsidiary of another company, common
                  stock of such other company) having a fair market value equal
                  to the fair market value of such stock options on the
                  effective date of the Change of Control (such value to be
                  determined by an independent accounting firm retained by
                  Yellow using a Black-Scholes based pricing formula without
                  giving consideration to the lack of transferability and the
                  risk of forfeiture). Such options shall thereupon terminate.
                  For as long as this Agreement shall be in effect, the
                  provisions of this Paragraph 5 shall be deemed to have amended
                  the terms of any and all existing option agreements between
                  the Executive and the Corporation except any option agreements
                  representing incentive stock options outstanding on the date
                  of this Agreement.

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         6.       Additional Payments by Yellow.

         a)       Gross-Up Payment. In the event it shall be determined that any
                  payment or benefit of any type by the Corporation to or for
                  the benefit of the Executive, whether paid or payable or
                  distributed or distributable pursuant to the terms of this
                  Agreement or otherwise (determined without regard to any
                  additional payments required under this Paragraph 6) (the
                  "Total Payments") would be subject to the excise tax imposed
                  by Section 4999 of the Internal Revenue Code of 1986, as
                  amended (the "Code") (or any similar tax that may hereafter be
                  imposed) or any interest or penalties with respect to such
                  excise tax (such excise tax, together with any such interest
                  and penalties, are collectively referred to as the "Excise
                  Tax"), then the Executive shall be entitled to receive an
                  additional payment (a "Gross-Up Payment") in an amount such
                  that after payment by the Executive of all taxes (including
                  any interest or penalties imposed with respect to such taxes),
                  including any Excise Tax, imposed upon the Gross-Up Payment,
                  the Executive retains an amount of the Gross-Up Payment equal
                  to the Excise Tax imposed upon the Total Payments. Payment of
                  the Gross-Up Payment shall be made promptly following the
                  determination by the Accounting Firm as described in
                  subparagraph (b) of this Paragraph 6 or in accordance with
                  subparagraph (c) of this Paragraph 6.

         b)       Determination by Accountant. All determinations required to be
                  made under this Paragraph 6, including whether a Gross-Up
                  Payment is required and the amount of such Gross-Up Payment,
                  shall be made by an independent accounting firm retained by
                  Yellow (the "Accounting Firm"), which shall provide detailed
                  supporting calculations both to Yellow and the Executive
                  within 15 business days of the date of Termination, if
                  applicable, or such earlier time as is requested by Yellow. If
                  the Accounting Firm determines that no Excise Tax is payable
                  by the Executive, it shall furnish the Executive with an
                  opinion that he has substantial authority not to report any
                  Excise Tax on his federal income tax return. Any determination
                  by the Accounting Firm shall be binding upon Yellow and the
                  Executive. As a result of the uncertainty in the application
                  of Section 4999 of the Code at the time of the initial
                  determination by the Accounting Firm hereunder, it is possible
                  that Gross-Up Payments which will not have been made by Yellow
                  should have been made ("Underpayment") consistent with the
                  calculations required to be made hereunder. In the event that
                  Yellow exhausts its remedies pursuant to subparagraph (c) of
                  this Paragraph 6 and the Executive thereafter is required to
                  make a payment of any Excise Tax, the Accounting Firm shall
                  determine the amount of the Underpayment that has occurred and
                  any such Underpayment shall be promptly paid by Yellow to or
                  for the benefit of the Executive. Yellow shall promptly pay
                  all expenses of the Accounting Firm pursuant to this Paragraph
                  6.

         c)       Notification Required. The Executive shall notify Yellow in
                  writing of any claim by the Internal Revenue Service that, if
                  successful, would require the payment by Yellow of the
                  Gross-Up Payment. Such notification shall be given as soon as
                  practicable but no later than ten business days after the
                  Executive knows of such claim and shall apprise Yellow of the
                  nature of such claim and the date on which such claim is
                  requested to be paid. The Executive shall not pay such claim
                  prior to the expiration of the thirty-day period following the
                  date on which it gives such notice to Yellow (or such shorter
                  period ending on the date that any payment of taxes with
                  respect to such claim is due). If Yellow notifies the

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                  Executive in writing prior to the expiration of such period
                  that it desires to contest such claim, the Executive shall:

                           (i)      give Yellow any information reasonably
                                    requested by Yellow relating to such claim,

                           (ii)     take such action in connection with
                                    contesting such claim as Yellow shall
                                    reasonably request in writing from time to
                                    time, including, without limitation,
                                    accepting legal representation with respect
                                    to such claim by an attorney reasonably
                                    selected by Yellow,

                           (iii)    cooperate with Yellow in good faith in order
                                    to effectively contest such claim,

                           (iv)     permit Yellow to participate in any
                                    proceedings relating to such claim,
                                    provided, however, that Yellow shall bear
                                    and pay directly all costs and expenses
                                    (including additional interest and
                                    penalties) incurred in connection with such
                                    contest and shall indemnify and hold the
                                    Executive harmless, on an after-tax basis,
                                    for any Excise Tax or income tax, including
                                    interest and penalties with respect thereto,
                                    imposed as a result of such representation
                                    and payment of costs and expenses. Without
                                    limitation on the foregoing provisions of
                                    this subparagraph (c), Yellow shall control
                                    all proceedings taken in connection with
                                    such contest and, at its sole option, may
                                    pursue or forego any and all administrative
                                    appeals, proceedings, hearings and
                                    conferences with the taxing authority in
                                    respect of such claim and may, at its sole
                                    option, either direct the Executive to pay
                                    the tax claimed and sue for a refund, or
                                    contest the claim in any permissible manner,
                                    and the Executive agrees to prosecute such
                                    contest to a determination before any
                                    administrative tribunal, in a court of
                                    initial jurisdiction and in one or more
                                    appellate courts, as Yellow shall determine;
                                    provided, however, that if Yellow directs
                                    the Executive to pay such claim and sue for
                                    a refund, Yellow shall advance the amount of
                                    such payment to the Executive, on an
                                    interest-free basis and shall indemnify and
                                    hold the Executive harmless, on an after-tax
                                    basis, from any Excise Tax or income tax,
                                    including interest or penalties with respect
                                    thereto, imposed with respect to such
                                    advance or with respect to any imputed
                                    income with respect to such advance; and
                                    further provided that any extension of the
                                    statute of limitations relating to payment
                                    of taxes for the taxable year of the
                                    Executive with respect to which such
                                    contested amount is claimed to be due is
                                    limited solely to such contested amount.
                                    Furthermore, Yellow's control of the contest
                                    shall be limited to issues with respect to
                                    which a Gross-Up Payment would be payable
                                    hereunder and the Executive shall be
                                    entitled to settle or contest, as the case
                                    may be, any other issue raised by the
                                    Internal Revenue Service or any other taxing
                                    authority.

         d)       Repayment. If, after the receipt by the Executive of an amount
                  paid or advanced by Yellow pursuant to this Paragraph 6, the
                  Executive becomes

                                       36
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                  entitled to receive any refund with respect to such claim, the
                  Executive shall (subject to Yellow's complying with the
                  requirements of this Paragraph 6), promptly pay to Yellow the
                  amount of such refund (together with any interest paid or
                  credited thereon after taxes applicable thereto). If, after
                  the receipt by the Executive of an amount paid or advanced by
                  Yellow pursuant to this Paragraph 6, a determination is made
                  that the Executive shall not be entitled to any refund with
                  respect to such claim and Yellow does not notify the Executive
                  in writing of its intent to contest such denial of refund
                  prior to the expiration of thirty days after such
                  determination, then such payment or advance shall be forgiven
                  and shall not be required to be repaid and the amount of such
                  payment or advance shall offset, to the extent thereof, the
                  amount of Gross-Up Payment required to be paid.

         7.       General.

         a)       Arbitration. Any dispute between the parties hereto arising
                  out of, in connection with, or relating to this Agreement or
                  the breach thereof shall be settled by arbitration in Overland
                  Park, Kansas, in accordance with the rules then in effect of
                  the American Arbitration Association ("AAA"). Arbitration
                  shall be the exclusive remedy for any such dispute except only
                  as to failure to abide by an arbitration award rendered
                  hereunder. Regardless of whether or not both parties hereto
                  participate in the arbitration proceeding, any arbitration
                  award rendered hereunder shall be final and binding on each
                  party hereto and judgment upon the award rendered may be
                  entered in any court having jurisdiction thereof.

                  The party seeking arbitration shall notify the other party in
                  writing and request the AAA to submit a list of 5 or 7
                  potential arbitrators. In the event the parties do not agree
                  upon an arbitrator, each party shall, in turn, strike on
                  arbitrator from the list, the Corporation having the first
                  strike, until only one arbitrator remains, who shall arbitrate
                  the dispute. The arbitration hearing shall be conducted within
                  30 days of the selection of an arbitrator or at the earliest
                  date thereafter that the arbitrator is available.

         b)       Indemnification. If arbitration occurs as provided for herein
                  and the Executive is awarded more than the Corporation has
                  asserted is due him or otherwise substantially prevails
                  therein, the Corporation shall reimburse the Executive for his
                  reasonable attorneys' fees, costs and disbursements incurred
                  in such arbitration and hereby agrees to pay interest on any
                  money award obtained by the Executive from the date payment
                  should have been made until the date payment is made,
                  calculated at the prime interest rate of NationsBank, N.A.,
                  Kansas City, Missouri, in effect from time to time from the
                  date that payment(s) to him should have been made under this
                  Agreement. If the Executive enforces the arbitration award in
                  court, the Corporation shall reimburse the Executive for his
                  reasonable attorneys' fees, costs and disbursements incurred
                  in such enforcement.

         c)       Payment Obligations Absolute. Yellow's obligation to pay the
                  Executive the compensation and to make the arrangements
                  provided herein shall be absolute and unconditional and shall
                  not be affected by any circumstance, including, without
                  limitation, any setoff, counterclaim, recoupment, defense or
                  other right which the Corporation may have against him or
                  anyone else, except as provided in paragraph 2 hereof. All
                  amounts payable by Yellow hereunder shall be paid

<PAGE>

                  without notice or demand. Each and every payment made
                  hereunder by Yellow shall be final and Yellow will not seek to
                  recover all or any part of such payment from the Executive or
                  from whosoever may be entitled thereto, for any reason
                  whatsoever. The Executive shall not be obligated to seek other
                  employment in mitigation of the amounts payable or
                  arrangements made under any provision of this Agreement, and
                  the obtaining of any such other employment shall in no event
                  affect any reduction of Yellow's obligations to make the
                  payments required to be made under this Agreement.

         d)       Continuing Obligations. The Executive shall retain in
                  confidence any confidential information known to him
                  concerning the Corporation and its respective businesses until
                  such information is publicly disclosed.

         e)       Successors. This Agreement shall be binding upon and insure to
                  the benefit of the Executive and his estate and the
                  Corporation and any successor of the Corporation, but neither
                  this Agreement nor any rights arising hereunder may be
                  assigned or pledged by the Executive.

         f)       Severability. Any provision in this Agreement which is
                  prohibited or unenforceable in any jurisdiction shall, as to
                  such jurisdiction, be ineffective only to the extent of such
                  prohibition or unenforceability without invalidating or
                  affecting the remaining provisions hereof, and any such
                  prohibition or unenforceability in any jurisdiction shall not
                  invalidate or render unenforceable such provision in any other
                  jurisdiction.

         g)       Controlling Law. This Agreement shall in all respects be
                  governed by and construed in accordance with the laws of the
                  State of Delaware.

         h)       Termination. This Agreement shall terminate if a majority of
                  the Continuing Directors determines that the Executive is no
                  longer a key executive and so notifies the Executive; except
                  that such determination shall not be made, and if made shall
                  have no effect, (i) within two years after the Change of
                  Control in question or (ii) during any period of time when
                  Yellow has knowledge that any third person has taken steps
                  reasonably calculated to effect a Change of Control until, in
                  the opinion of a majority of the Continuing Directors the
                  third person has abandoned or terminated his efforts to effect
                  a Change of Control. Any decision by a majority of the
                  Continuing Directors that the third person has abandoned or
                  terminated his efforts to effect a Change of Control shall be
                  conclusive and binding on the Executive.

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         IN WITNESS WHEREOF, the parties have executed this Agreement on the
_______ day of _____________, _________.

         EXECUTIVE:                                  YELLOW CORPORATION

         ----------------------------                -----------------------

                                                     ATTEST:

                                                     -----------------------<PAGE>

                                                                   EXHIBIT 10.2

                                                                 EXECUTION COPY

===============================================================================

                  MASTER SEPARATION AND DISTRIBUTION AGREEMENT

                         DATED AS OF SEPTEMBER 30, 2002

                                     BETWEEN

                               YELLOW CORPORATION

                                       AND

                            SCS TRANSPORTATION, INC.

===============================================================================

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                                TABLE OF CONTENTS
                                -----------------

                                                                          PAGE
                                                                          ----

RECITALS.....................................................................1

                                    ARTICLE I

                              PLAN OF DISTRIBUTION

1.1      The Distribution....................................................2
1.2      Conditions to Distribution..........................................2
1.3      Sale of Fractional Shares...........................................4
1.4      Sole Discretion of Yellow...........................................4
1.5      Termination of Obligations..........................................5

                                   ARTICLE II

                       DIVISION OF ASSETS AND LIABILITIES

2.1      Transfer of Assets and Liabilities..................................5
2.2      Allocated Employees.................................................6
2.3      Stock Options and Restricted Stock..................................7
2.4      Third Party Debt....................................................7
2.5      Certain Financial Support Arrangements..............................7
2.6      Miscellaneous Obligations and Claims...............................13

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

3.1      Representations and Warranties of Yellow...........................15
3.2      Representations and Warranties of SCST.............................16

                                   ARTICLE IV

                                 RELATED MATTERS

4.1      Access to Information..............................................17
4.2      Confidentiality....................................................17
4.3      Indemnification....................................................18
4.4      Manner of Payments.................................................19

                                      -i-

<PAGE>

4.5      Taxes..............................................................19
4.6      Expenses...........................................................19
4.7      Non-solicitation...................................................19

                                    ARTICLE V

                               DISPUTE RESOLUTION

5.1      Use of Dispute Resolution; Presumptions............................20
5.2      Negotiation........................................................20
5.3      Non-binding Mediation..............................................20
5.4      Proceedings........................................................21
5.5      Continuity of Service and Performance..............................21
5.6      Further Assurances.................................................21

                                   ARTICLE VI

                                  MISCELLANEOUS

6.1      Survival...........................................................21
6.2      Entire Agreement...................................................21
6.3      Waiver and Modification............................................21
6.4      Notices............................................................22
6.5      Counterparts.......................................................22
6.6      Severability.......................................................22
6.7      Assignment.........................................................23
6.8      Choice of Law......................................................23
6.9      No Third-Party Beneficiaries.......................................23

                                   ARTICLE VII

                                  DEFINED TERMS

7.1      Defined Terms......................................................23

                                      -ii-

<PAGE>

Table of Exhibits
-----------------

Exhibit A    Form of By-laws
Exhibit B    Form of Amended and Restated Certificate of Incorporation
Exhibit C    Form of Tax Sharing Agreement

                                     -iii-

<PAGE>
                  MASTER SEPARATION AND DISTRIBUTION AGREEMENT

     This Master Separation and Distribution Agreement (this "Agreement") is
made and entered into as of the 30th day of September, 2002 by and among Yellow
Corporation, a Delaware corporation ("Yellow"), and SCS Transportation, Inc., a
Delaware corporation and a wholly owned subsidiary of Yellow ("SCST").
Capitalized terms used herein and not otherwise defined shall have the meanings
assigned to them in Article VII hereof.

                                    RECITALS

     A.   WHEREAS, Yellow is the sole stockholder of SCST, and SCST is the sole
          stockholder of the operating subsidiaries Saia Motor Freight Line,
          Inc. ("Saia") and Jevic Transportation, Inc. ("Jevic");

     B.   WHEREAS, Yellow's Board of Directors has determined pursuant to an
          integrated plan to (i) separate SCST, which comprises Yellow's
          non-union, regional operations, from Yellow's other businesses and
          operations (the "Separation") and (ii) distribute to Yellow's
          stockholders on a tax-free basis all of the outstanding shares of
          SCST's common stock (the "Distribution");

     C.   WHEREAS, Yellow's Board of Directors has determined that it is in the
          best interests of its stockholders to consummate the Separation and
          the Distribution;

     D.   WHEREAS, it is appropriate and desirable to set forth the principal
          corporate transactions required to effect the Separation and the
          Distribution and certain other agreements that will govern certain
          matters relating to such transactions (collectively, the
          "Transactions") and the relationship of Yellow and SCST following the
          consummation of the Transactions;

     NOW, THEREFORE, the parties, intending to be legally bound, agree as
follows:

                              TERMS AND CONDITIONS

     In consideration of the mutual covenants herein, and other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, it is hereby agreed as follows:

<PAGE>

                                      -2-

                                    ARTICLE I

                              PLAN OF DISTRIBUTION

     1.1 The Distribution.

         (i)    Subject to Section 1.2 hereof, Yellow and SCST shall take all
reasonable steps necessary and appropriate to cause all conditions to the
Distribution to be satisfied and to effect the Distribution. Yellow's Board of
Directors will have the sole discretion to determine the Distribution Date, and
Yellow will consummate the Distribution subject to the satisfaction or waiver by
Yellow's Board of Directors, in its sole discretion, of the conditions set forth
in Section 1.2.

         (ii)   On or prior to the Distribution Date, Yellow will deliver to the
Distribution Agent for the benefit of the holders of record of Yellow Common
Stock on the Record Date, stock certificates, endorsed by Yellow in blank,
representing all of the outstanding shares of SCST Common Stock, and shall cause
the transfer agent for the Yellow Common Stock to instruct the Distribution
Agent to distribute on the Distribution Date the appropriate number of such
shares of SCST Common Stock to each such holder or designated transferee or
transferees of such holder.

         (iii)  Subject to Section 1.3 hereof, each holder of record of Yellow
Common Stock (or such holder's designated transferee or transferees) on the
Record Date will be entitled to receive in the Distribution that number of
shares of SCST Common Stock equal to that number of shares of Yellow Common
Stock owned by such holder on the Record Date divided by a number equal to the
Distribution Ratio established by Yellow's Board of Directors.

     1.2 Conditions to Distribution.

          1.2.1 The obligations of each party hereto to consummate the
                Distribution are subject to the satisfaction or waiver by
                Yellow in its sole discretion of each of the following
                conditions:

                (i) the simultaneous execution, delivery and performance as
                    required of each of the following:

                    (a)  this Agreement;

                    (b)  the Tax Sharing Agreement;

<PAGE>

                                       -3-

                     (c) (1) the execution by SCST on or before the Distribution
                         Date of those certain Debt Agreements listed in
                         paragraph 1.2.1 of the disclosure letter from Yellow to
                         SCST dated the date hereof (the "Disclosure Letter"),
                         each in form, substance and amount satisfactory to
                         Yellow, and (2) on or before the Distribution Date, the
                         payment by SCST to Yellow of a cash dividend or a
                         repayment by SCST to Yellow of intercompany
                         indebtedness (or a combination of the foregoing) from
                         the proceeds of such Debt Agreements, in the
                         approximate amount of $110.7 million, subject to
                         adjustment on a post-closing basis in the manner set
                         forth in paragraph 1.2.1(i)(c) of the Disclosure Letter
                         (the "Yellow Payment");

               (ii)  the Registration Statement shall have been filed and
                     declared effective by the Commission, and there shall be
                     no stop order in effect with respect thereto, and no
                     proceeding for that purpose shall have been instituted
                     or threatened by the Commission;

               (iii) the actions and filings with regard to state securities and
                     blue sky laws of the United States (and any comparable laws
                     under any foreign jurisdictions) shall have been taken and,
                     where applicable, have become effective or been accepted;

               (iv)  the SCST Common Stock to be distributed in the Distribution
                     shall have been admitted for trading on The Nasdaq National
                     Market, on official notice of distribution;

               (v)   no order, injunction or decree issued by any Government
                     Authority or other legal restraint or prohibition
                     preventing the consummation of the Distribution or any of
                     the other transactions contemplated by this Agreement or
                     the Tax Sharing Agreement shall be threatened, pending or
                     in effect;

               (vi)  the Letter Ruling shall have been issued and shall not
                     have been revoked;

               (vii) any material Consents and Governmental Approvals necessary
                     to consummate the Distribution shall have been obtained
                     and be in full force and effect;

<PAGE>

                                      -4-

               (viii) Yellow's Board of Directors shall be satisfied that the
                      Distribution will be made out of surplus within the
                      meaning of Section 170 of the Delaware General
                      Corporation Law;

               (ix)   Yellow's Board of Directors shall have approved the
                      Separation and the Distribution and shall not have
                      abandoned or deferred the Distribution at any time prior
                      to the Record Date;

               (x)    Yellow's Board of Directors shall be satisfied that the
                      Distribution does not constitute the conveyance of all or
                      substantially all of the properties or assets of Yellow
                      immediately prior to the Distribution, as contemplated in
                      Section 271 of the Delaware General Corporation Law;

               (xi)   the Certificate of Incorporation and By-laws shall be in
                      effect;

               (xii)  no other events or developments shall have occurred that,
                      in the sole judgment of Yellow, would result in the
                      Distribution having a material adverse effect on Yellow
                      or its stockholders;

               (xiii) Yellow's Board of Directors shall be satisfied that each
                      of Yellow and SCST will be solvent following the
                      Distribution; and

               (xiv)  SCST shall have made the Yellow Payment.

     1.3 Sale of Fractional Shares. The Distribution Agent shall not distribute
any fractional shares of SCST Common Stock ("Fractional Shares") to any record
holder of Yellow Common Stock in connection with the Distribution. The
Distribution Agent shall be instructed to aggregate all such Fractional Shares
and sell them in an orderly manner promptly after the Distribution Date in the
open market at the then-prevailing prices and, after completion of all such
sales, distribute a pro rata portion of the gross proceeds from such sales, less
appropriate deductions of the amount required to be withheld for federal income
tax purposes, to each record holder of Yellow Common Stock who would otherwise
have received a Fractional Share. Yellow shall pay all brokerage charges,
commissions and transfer taxes attributed to such sale.

     1.4 Sole Discretion of Yellow. The conditions set forth in Section 1.2 are
for the sole benefit of Yellow and shall not give rise to or create any duty on
the part of Yellow or Yellow's Board of Directors to waive or not to waive such
conditions or limit in any way Yellow's right to terminate this Agreement or
alter the consequences of any such termination. Any determination made by Yellow
prior to the Distribution concerning the satisfaction or waiver of any or all of
the conditions set forth in Section 1.2 shall be conclusive. In addition,

<PAGE>

                                      -5-

Yellow shall have the sole and absolute discretion to determine the date of
consummation of the Distribution (such date, the "Distribution Date"), all terms
of the Distribution, including without limitation the form, structure and terms
of any transaction(s) and/or offering(s) to effect the Distribution or related
to the Distribution and the timing of and conditions to the consummation of the
Distribution. In addition, Yellow may in its sole and absolute discretion at any
time and from time to time until the Distribution Date, modify or change the
terms of the Distribution, including without limitation accelerating or delaying
the timing of the consummation of all or part of the Distribution. SCST shall
cooperate with Yellow in all respects to accomplish the Distribution and shall,
at Yellow's direction, promptly take any and all actions necessary and desirable
to effect the Distribution, including without limitation the registration under
the Exchange Act of the SCST Common Stock on an appropriate registration form.
Yellow shall in its sole and absolute discretion select any investment bank and
managers in connection with the Distribution, as well as any financial printer,
solicitation and/or exchange agent and its own outside counsel.

     1.5 Termination of Obligations. The obligations of Yellow and SCST under
this Agreement shall terminate on a determination by Yellow to terminate the
transactions that comprise the Distribution.

                                   ARTICLE II

                       DIVISION OF ASSETS AND LIABILITIES

     2.1 Transfer of Assets and Liabilities.

         (a) On the terms and subject to the conditions set forth in this
Agreement and with effect as of the Contribution Date, Yellow hereby
contributes, assigns, transfers, conveys and delivers to SCST, and shall cause
its applicable Subsidiaries to contribute, assign, transfer, convey and deliver
to SCST or a member of the SCST Group, all of Yellow's and such applicable
Subsidiaries' respective rights, title and interest in and to the assets set
forth in paragraph 2.1 of the Disclosure Letter (the "Contributed Assets").
SCST, or the appropriate member of the SCST Group, hereby accepts from Yellow
and its Subsidiaries the Contributed Assets.

         (b) On the terms and subject to the conditions set forth in this
Agreement and with effect as of the Contribution Date, SCST hereby accepts,
assumes and agrees faithfully to perform, discharge and fulfill all the
liabilities set forth in paragraph 2.1 of the Disclosure Letter (the
"Contributed Liabilities") in accordance with their respective terms, and agrees
to cause its applicable Subsidiaries to accept, assume, perform, discharge and
fulfill all the Contributed Liabilities to be held by its Subsidiaries in
accordance with their respective terms. SCST shall thereafter be responsible for
all Contributed Liabilities, regardless of

<PAGE>

                                      -6-

(i) when or where such liabilities arose or arise, (ii) whether the facts on
which they are based occurred prior to or subsequent to the date hereof, (iii)
where or against whom such liabilities are asserted or determined (including
without limitation any liabilities arising out of claims made by Yellow's or
SCST's respective directors, officers, employees, agents, Subsidiaries or
Affiliates against any member of the Yellow Group or the SCST Group), (iv)
whether such liabilities were asserted or determined prior to the date hereof,
and (v) whether such liabilities arise from or are alleged to arise from
negligence, recklessness, violation of law, fraud or misrepresentation by any
member of the Yellow Group or the SCST Group or any of their respective
directors, officers, employees, agents, Subsidiaries or Affiliates.

         (c) In the event that at any time or from time to time (whether prior
to or after the Contribution Date), any party hereto (or any member of such
party's respective Group) shall receive or otherwise possess any asset that is
allocated to any other Person pursuant to this Agreement, such party shall
promptly transfer, or cause to be transferred, such asset to the Person so
entitled thereto. Prior to any such transfer, the party possessing such asset
shall hold such asset in trust for any such other party, and upon such transfer
each party shall reimburse the other or make financial or other adjustments to
remedy any liabilities resulting from such transfer or possession.

     2.2 Allocated Employees. As of the Distribution, the employees of Yellow
listed in paragraph 2.2 of the Disclosure Letter shall become employees of SCST
(the "Allocated Employees"). Yellow shall not be responsible for insurance,
employee benefits and other related benefits of the Allocated Employees that
accrue from and after the Distribution Date except as may be provided in an
individual agreement between Yellow and any Allocated Employee. SCST shall be
responsible for all costs associated with the Allocated Employees from and after
the Distribution Date. Yellow shall not be responsible for any Cobra benefit, or
unemployment or workers' compensation benefit of an employee whose employment
ends or whose injury or death occurs while an employee of SCST. SCST shall
reimburse Yellow in accordance with the procedures set forth in Section 4.4 if
Yellow determines that it has made any direct or indirect payment in respect
thereof, including without limitation as a result of adjustment to its insurance
rates or government fund payment obligations. SCST's health and life insurance
plans will not exclude pre-existing conditions for the Allocated Employees
(except to the extent such pre-existing conditions were excluded from the
corresponding Yellow plan immediately prior to the Distribution Date), will
waive any waiting period requirements for the Allocated Employees, and will
waive any evidence of insurability provisions for the Allocated Employees. In
addition, SCST's health plans will apply toward any deductible requirements and
out-of-pocket maximum limits for the plan year in which the Distribution takes
place any amounts paid by an Allocated Employee toward such requirements and
limits under the Yellow health plan in which he or she participated during such
plan year. SCST shall, and shall cause its Subsidiaries to, grant the Allocated
Employees credit for their service

<PAGE>

                                      -7-

with Yellow and its Subsidiaries prior to the Distribution Date for purposes of
eligibility to participate in and vesting in the benefit plans sponsored by SCST
and its Subsidiaries.

     2.3 Stock Options and Restricted Stock. The outstanding stock options held
by Yellow's directors, employees and other parties, including Allocated
Employees, to purchase stock of Yellow shall be adjusted in the manner set forth
in paragraph 2.3 of the Disclosure Letter. Certain senior officers of Yellow and
its Subsidiaries Yellow Transportation, Meridian IQ and Yellow Technologies have
received restricted stock grants. All such senior officers who are actively
employed by Yellow or any such Subsidiary on the Distribution Date will agree to
waive the shares of SCST Common Stock that they would otherwise have received in
exchange for additional restricted shares of Yellow Common Stock commensurate in
value to the impact of the Distribution on the value of their previous
restricted stock grants. The additional grants of restricted stock will be
subject to the same restrictions and vesting dates as the original grants.

     2.4 Third Party Debt. SCST and/or its subsidiaries shall make all future
interest and principal payments on and after the Distribution Date on all Third
Party Debt in addition to the Debt Agreements listed in paragraph 1.2.1 of the
Disclosure Letter which resides on the books of SCST or its subsidiaries as of
the Distribution Date, and SCST shall indemnify and hold Yellow harmless for
payment of interest or principal after the Distribution Date in accordance with
Section 4.3. Third Party Debt is listed in paragraph 2.4 of the Disclosure
Letter.

     2.5 Certain Financial Support Arrangements.

         2.5.1 Guarantees by Yellow of SCST Obligations. As of the date hereof,
               Yellow has provided guarantees of certain obligations of SCST and
               its subsidiaries, the holders, amount and duration of which are
               set forth in paragraph 2.5.1 of the Disclosure Letter (the
               "Guarantees"). As of the Distribution Date, Yellow shall cancel
               all Guarantees which it is permitted to cancel without the
               consent of any other person in accordance with the documentation
               governing such Guarantee. With respect to any Guarantees the
               cancellation of which requires the consent of a third party, SCST
               shall, subject to the following sentence, use its reasonable best
               efforts following the Distribution Date to remove such Guarantee
               by Yellow of obligations of SCST and its Subsidiaries, and SCST
               shall indemnify and hold Yellow harmless from any damages,
               claims, monies or other demands incurred by or asserted against
               Yellow which arise out of, in connection with or with reference
               to any Guarantee in accordance with Section 4.3. SCST shall not
               be required to offer monetary compensation to any holder of a
               Guarantee to secure its release.

<PAGE>

                                      -8-

               Yellow will not extend any Guarantee beyond the end of the term
               of each obligation as in effect on the date hereof.

         2.5.2 Insurance, Collateral and Claims Administration Obligations.

               2.5.2.1 Insurance. Responsibility as between SCST and Yellow for
                       any self-insurance, retention, deductible, retrospective
                       premium, or similar items, including without limitation
                       associated administrative expenses and allocated loss
                       adjustment or similar expenses, arising after the
                       Distribution Date under any and all former or current
                       insurance policies maintained by Yellow and related to
                       liabilities or losses of SCST or its Subsidiaries prior
                       to the Distribution Date shall be allocated by Yellow to
                       SCST or Yellow (each of the foregoing being a "party")
                       on a basis not inconsistent with past practices between
                       Yellow and SCST. To the extent that any party pays any
                       expenses that were determined by Yellow to be properly
                       allocable to the other party, such other party shall
                       reimburse the paying party in accordance with the
                       procedures set forth in Section 4.4.

               2.5.2.2 Self-Insurance Pool and AIT "Bank". As of the
                       Distribution Date, a calculation shall be made by
                       Yellow of the total of all premiums paid since inception
                       by SCST and its Subsidiaries for coverage under the
                       self-insurance retention pool which has been maintained
                       by Yellow to buy down the self-insurance retentions of
                       Jevic and Saia (and Action Express, Inc. and WestEx,
                       Inc., merged into Saia effective March 4, 2001) from
                       external retention levels of third-party insurance
                       providers. To this amount there shall be added
                       $1,014,783.00, representing SCST's and its Subsidiaries'
                       shares of the "bank" that has been established with
                       AI Transport, Inc. of Atlanta, Georgia ("AIT") relating
                       to certain third-party liability claims incurred by
                       Yellow an SCST's Subsidiaries over the course of
                       Yellow's insurance arrangements with AIT. All payments
                       made by AIT to Yellow prior to or after the Distribution
                       Date shall be retained solely by Yellow.

                       From the total derived in the preceding paragraph, there
                       shall be subtracted a sum equal to a calculation made
                       by Yellow of the actual claim payments made by Yellow
                       to resolve claims involving SCST and its Subsidiaries
                       within the self-insurance

<PAGE>

                                      -9-

                       retention pool from its inception to the Distribution
                       Date (the sum derived from this calculation hereinafter
                       being referred to as the "Net Ultimate Liability of
                       Yellow" and the calculation being detailed in paragraph
                       2.5.2.2 of the Disclosure Letter).

                       After the Distribution Date, claims determined by Yellow
                       to fall within the self-insurance pool that arise out
                       of, in connection with or with reference to activity of
                       SCST and its Subsidiaries prior to the Distribution Date
                       (together the "SCST Excess Liability") shall be paid
                       first by Yellow after the Distribution Date up to the
                       Net Ultimate Liability of Yellow. If and when said Net
                       Ultimate Liability of Yellow is exhausted, all remaining
                       liability for SCST Excess Liability shall be paid by
                       SCST and its Subsidiaries, and SCST shall indemnify
                       Yellow for any claims asserted against Yellow for
                       amounts of SCST Excess Liability in excess of the Net
                       Ultimate Liability of Yellow in accordance with Section
                       4.3. SCST shall reimburse Yellow in accordance with the
                       procedures set forth in Section 4.4 if Yellow determines
                       that Yellow or any of its Subsidiaries has made any
                       direct or indirect payment in respect of SCST Excess
                       Liability in excess of the Net Ultimate Liability of
                       Yellow.

               2.5.2.3 Collateral. In order to cover certain Collateral
                       Requirements (as defined below) of SCST and its
                       Subsidiaries, Yellow has provided letters of credit,
                       indemnity bonds or other collateral to secure certain
                       obligations of SCST and its subsidiaries for
                       self-insurance retention deductibles, retrospective
                       premiums and cash payment for reserves as set forth in
                       paragraph 2.5.2.3 of the Disclosure Letter. With respect
                       to discussion of this issue, the following definitions
                       apply:

                       (i)   "Collateral" - Letters of credit, indemnity bonds,
                             or any other form of collateral or guaranty which
                             Yellow has or will provide to cover certain
                             collateral requirements of SCST and its
                             Subsidiaries following the Distribution.

                       (ii)  "Collateral Requirements" - The collateral
                             required by SCST's current or former insurance
                             carriers, sureties, and all states where SCST is
                             currently or has been self-insured for workers'
                             compensation purposes for policy

<PAGE>

                                      -10-

                             periods up to and including the March 1, 2002 -
                             February 28, 2003 policy period.

                       (iii) "Collateral Cost" -

                             (1)   Collateral Cost for any fiscal quarter ending
                                   on or prior to the second anniversary of the
                                   Distribution Date shall equal the sum of the
                                   cost billed by third parties to Yellow and
                                   its Subsidiaries in connection with providing
                                   Collateral as determined by Yellow (such
                                   billings in any fiscal quarter, the "Billed
                                   Cost").

                             (2)   Collateral Cost for any fiscal quarter ending
                                   after the second anniversary of the
                                   Distribution Date and on or prior to the
                                   fourth anniversary of the Distribution Date
                                   shall equal the sum of (a) the Billed Cost
                                   for such fiscal quarter plus (b) 25 basis
                                   points multiplied by the average daily face
                                   amount of the Collateral for such fiscal
                                   quarter as determined by Yellow.

                             (3)   Collateral Cost for any fiscal quarter ending
                                   after the fourth anniversary of the
                                   Distribution Date and on or prior to the
                                   fifth anniversary of the Distribution Date
                                   shall equal the sum of (a) the Billed Cost
                                   for such fiscal quarter plus (b) 50 basis
                                   points multiplied by the average daily face
                                   amount of the Collateral for such fiscal
                                   quarter as determined by Yellow.

                             (4)   Collateral Cost for any fiscal quarter ending
                                   after the fifth anniversary of the
                                   Distribution Date and on or prior to the
                                   sixth anniversary of the Distribution Date
                                   shall equal the sum of (a) the Billed Cost
                                   for such fiscal quarter plus (b) 75 basis
                                   points multiplied by the average daily face
                                   amount of the Collateral for such fiscal
                                   quarter as determined by Yellow.

                             (5)   Collateral Cost for any fiscal quarter ending
                                   after the sixth anniversary of the
                                   Distribution Date and

<PAGE>

                                      -11-

                                   on or prior to the seventh anniversary of the
                                   Distribution Date shall equal the sum of (a)
                                   the Billed Cost for such fiscal quarter plus
                                   (b) 100 basis points multiplied by the
                                   average daily face amount of the Collateral
                                   for such fiscal quarter as determined by
                                   Yellow.

                             (6)   Collateral Cost for any fiscal quarter ending
                                   after the seventh anniversary of the
                                   Distribution Date shall equal the sum of (a)
                                   the Billed Cost for such fiscal quarter plus
                                   (b) 125 basis points multiplied by the
                                   average daily face amount of the Collateral
                                   for such fiscal quarter as determined by
                                   Yellow.

                     The Collateral Cost shall be billed on a quarterly basis in
                     arrears following the Distribution Date. If Yellow receives
                     a refund from collateral providers for the Billed Cost of
                     Collateral that SCST has replaced following Yellow's
                     payment of the annual cost of such Collateral, Yellow shall
                     reimburse SCST the amount of such Billed Cost and related
                     premium paid by SCST or any of its Subsidiaries to Yellow
                     or any of its Subsidiaries within 15 calendar days of
                     receipt by Yellow of such refund. Payment of the Collateral
                     Cost by SCST shall be due within 15 calendar days after
                     receipt by SCST of the applicable Yellow bill or invoice.

                     After the Distribution, Yellow shall leave existing
                     Collateral in place until such Collateral has been released
                     by its holders, except that SCST immediately after the
                     Distribution shall replace $15 million of the existing
                     Collateral detailed in paragraph 2.5.2.3 of the Disclosure
                     Letter with Collateral obtained by SCST. Notwithstanding
                     the foregoing, in the event that SCST experiences demands
                     for increased Collateral from any of the holders of such
                     Collateral detailed in paragraph 2.5.2.3 of the Disclosure
                     Letter between the Distribution Date and February 28, 2003,
                     Yellow shall either provide such increased Collateral or
                     instruct SCST to provide such increased Collateral with a
                     credit against SCST's replacement Collateral obligation
                     described above, at Yellow's option.

<PAGE>

                                      -12-

                     Yellow shall provide no additional Collateral to SCST or
                     any of SCST's Subsidiaries for any insurance or
                     self-insurance obligations arising after February 28, 2003.

                     Notwithstanding the foregoing, in the event that any holder
                     of any Collateral provided by Yellow redeems or calls such
                     Collateral, SCST shall be required to reimburse Yellow in
                     accordance with the procedures set forth in Section 4.4 and
                     to indemnify and hold Yellow harmless in accordance with
                     Section 4.3.

             2.5.2.4 Claims Administration Obligations. Yellow and SCST
                     acknowledge that Yellow currently receives invoices for
                     claims administration expenses provided by third-party
                     administrators ("TPAs") that pertain in whole or in part to
                     the handling and disposition of claims on behalf of Saia
                     under SCST's and Saia's insurance programs for years prior
                     to the year ended March 1, 2000. Yellow shall continue to
                     pay such invoices by TPAs after the Distribution Date and
                     SCST and Saia shall be jointly or severally obligated to
                     reimburse Yellow for the portion of such invoices which
                     relate to services performed by TPAs on behalf of Saia.
                     Yellow shall not pay the portion of any such invoices as
                     relate to services performed on behalf of Saia until SCST
                     and/or Saia has verified in writing the correctness of the
                     billing, which SCST or Saia must do within fifteen (15)
                     calendar days of presentment of the invoice by Yellow to
                     SCST. If SCST or Saia does not deliver such written
                     verification on or prior to the date that is fifteen (15)
                     calendar days after the presentment of such invoice, Yellow
                     shall regard SCST as having verified such invoice. Yellow
                     will use its reasonable efforts to contest any such billing
                     on Saia's behalf, and the parties will provide all
                     reasonable cooperation required to resolve any billing
                     disputes. If Yellow and SCST decide not to pay a disputed
                     invoice or to pay only a portion thereof, SCST will
                     indemnify Yellow from any damages or costs incurred by
                     Yellow stemming from such non-payment or partial payment in
                     accordance with Section 4.3. SCST or Saia, as the case may
                     be, shall reimburse Yellow within fifteen (15) calendar
                     days of Yellow's payment of that portion of each TPA
                     invoice that relates to performance by TPAs of services on
                     their behalf.

<PAGE>

                                      -13-

       2.6 Miscellaneous Obligations and Claims. Certain miscellaneous
obligations of Yellow and potential claims against third parties exist which
shall be divided between Yellow and SCST as follows:

           2.6.1     Preston Trucking Company, Inc. Claims. Yellow has incurred
                     certain expenses and has filed a claim in bankruptcy to
                     recover such expenses stemming from the bankruptcy of its
                     former subsidiary Preston Trucking Company, Inc.
                     ("Preston"). Any and all expenses incurred stemming from
                     the bankruptcy of Preston, whether already incurred or to
                     be incurred in the future, shall be the sole responsibility
                     of Yellow, and Yellow shall be the sole beneficiary of any
                     payment of the claim in bankruptcy that has been filed by
                     Yellow against Preston, either for amounts already claimed
                     or to be claimed in the future, specifically including any
                     payment or valuation of the Warrant dated July 15, 1998, to
                     purchase shares of Preston, that is presently held by
                     Yellow. Following the Distribution Date, Yellow shall
                     indemnify and hold SCST harmless in accordance with Section
                     4.3 for claims which in any manner relate to or stem from
                     the bankruptcy of Preston and the former ownership of
                     Preston by Yellow.

           2.6.2     Luciano Transport Litigation. SCST's Subsidiary Saia is
                     presently engaged in litigation against Luciano Transport,
                     Inc. ("Luciano") and its owner Luis Saia, III relating to
                     unpaid interline receivables that are owed by Luciano to
                     Saia. SCST and/or Saia shall be solely responsible for the
                     future prosecution of any claim against Luciano and/or Luis
                     Saia, III for these unpaid interline receivables after the
                     Distribution and SCST and/or Saia shall be the recipients
                     of any and all judgment, settlement or other recovery
                     ultimately achieved as a result of or in connection with
                     such litigation against Luciano and Luis Saia, III, after
                     the payment to Yellow of all expenses, including without
                     limitation attorneys' fees up to a maximum of $25,000, that
                     Yellow determines that it or any of its Subsidiaries (other
                     than SCST or Saia) has incurred in the prosecution of this
                     claim prior to the Distribution (together, the "Yellow
                     Luciano Litigation Expenses"). Amounts received by SCST or
                     Saia as a result of or in connection with such litigation
                     shall be paid first to Yellow in full satisfaction of the
                     Yellow Luciano Litigation Expenses, promptly upon receipt
                     thereof by any member of the SCST Group, and then to SCST
                     or another member of the SCST Group.

           2.6.3     Benesight Litigation. Saia is presently engaged in
                     litigation against Benesight, Inc. ("Benesight") for
                     services previously provided by

<PAGE>

                                      -14-

                     Benesight as the TPA of Saia's medical plan. SCST and Saia
                     shall solely be responsible for the future prosecution of
                     any claim against Benesight and SCST and Saia shall be the
                     recipients of any and all judgment, settlement or other
                     recovery ultimately achieved as a result of such litigation
                     against Benesight, after the payment to Yellow of all
                     expenses, including without limitation attorneys' fees up
                     to a maximum of $20,000, that Yellow determines that it or
                     any of its Subsidiaries (other than SCST or Saia) has
                     incurred in the prosecution of this claim prior to the
                     Distribution (together, the "Yellow Benesight Litigation
                     Expenses"). Amounts received by SCST or Saia as a result of
                     or in connection with such litigation shall be paid first
                     to Yellow in full satisfaction of the Yellow Benesight
                     Litigation Expenses, promptly upon receipt thereof by any
                     member of the SCST Group, and then to SCST or another
                     member of the SCST Group.

           2.6.4     Remaining Action Express Purchase Obligations. Pursuant to
                     the Purchase Agreement entered into between Dan and David
                     Fulkerson and Yellow for the issued and outstanding shares
                     of Action Express, Inc. (merged into Saia effective March
                     4, 2001) on November 3, 1998, future sums are due both Dan
                     and David Fulkerson in the form of payments under the terms
                     of their non-compete agreements through January 31, 2006
                     and January 31, 2005, respectively. The responsibility for
                     all such payments after the Distribution shall rest with
                     SCST and/or Saia, and SCST shall indemnify and hold Yellow
                     harmless for all damages, payments, costs and expenses
                     incurred by Yellow after the Distribution Date which relate
                     in any manner to the Action Express acquisition or claims
                     for damages from the prior owners of Action Express
                     allegedly arising out of said acquisition in accordance
                     with Section 4.3.

           2.6.5     Jevic Executive Employment and Severance Agreements. In
                     connection with the acquisition by Yellow of Jevic on July
                     9, 1999, Yellow and Jevic entered into employment
                     agreements (the "Jevic Employment Agreements") with certain
                     senior officers of Jevic, which employment agreements
                     incorporated by reference severance agreements previously
                     entered into between said senior officers and Jevic. The
                     responsibility for any payments under the Jevic Employment
                     Agreements after the Distribution Date shall rest with SCST
                     and Jevic, and SCST shall indemnify and hold Yellow
                     harmless for all damages, payments, costs and expenses
                     incurred by Yellow after the Distribution Date which relate
                     in any manner to claims for damages or payments under the
                     Jevic Employment Agreements in accordance with Section 4.3.

<PAGE>

                                      -15-

           2.6.6     Assignment of Rights. Yellow hereby assigns to SCST any
                     rights or claims which Yellow has or may have against any
                     third parties which arise out of the acquisition by Yellow
                     of Jevic, Smalley Transportation Company, Johnson Freight
                     Lines, Inc., and Action Express, Inc., together with any
                     rights or claims arising at any time after any such
                     acquisition.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

       3.1 Representations and Warranties of Yellow. Yellow represents and
warrants to SCST as follows:

           (a)       Organization and Standing. Yellow is a corporation duly
                     organized, validly existing and in good standing under the
                     laws of the state of Delaware.

           (b)       Authority and Status. Yellow has full power and authority
                     to execute and deliver this Agreement and the Tax Sharing
                     Agreement, to perform its obligations hereunder and under
                     the Tax Sharing Agreement, and to consummate the
                     transactions contemplated hereby and under the Tax Sharing
                     Agreement without the necessity of any act or consent of
                     any other person. Yellow has taken all necessary and
                     appropriate corporate action, including obtaining all
                     necessary board consents, with respect to the execution,
                     delivery and performance of this Agreement and the Tax
                     Sharing Agreement. This Agreement and the Tax Sharing
                     Agreement to be executed, delivered and performed by Yellow
                     in connection herewith constitute or will, when executed
                     and delivered, constitute the valid and legally binding
                     obligations of Yellow, enforceable against it in accordance
                     with their respective terms, except as enforceability may
                     be limited by applicable equitable principles or by
                     bankruptcy, insolvency, reorganization, moratorium or
                     similar laws from time to time affecting the enforcement of
                     creditors' rights generally.

           (c)       Litigation. To the knowledge of Yellow, there is no claim,
                     litigation, action, suit or proceeding, administrative or
                     judicial, pending or threatened against Yellow or related
                     to the business or the assets transferred pursuant to this
                     Agreement or the transactions contemplated hereunder, at
                     law or in equity, before any federal, state, local or
                     foreign court or regulatory agency, or other governmental
                     authority, which could result

<PAGE>

                                      -16-

                     in the institution of legal proceedings to prohibit or
                     restrain the consummation or performance of this Agreement
                     or the transactions contemplated hereby, or claim damages
                     as a result of this Agreement or the transactions
                     contemplated hereby.

           (d)       No Conflict. Neither the execution and delivery of this
                     Agreement and the Tax Sharing Agreement nor compliance with
                     the terms and provisions hereof and thereof, including,
                     without limitation, the consummation of the transactions
                     contemplated hereby and thereby, will conflict with or
                     result in the breach of any term, condition or provisions
                     of Yellow's Certificate of Incorporation or By-laws or
                     applicable law, regulation or court order.

       3.2 Representations and Warranties of SCST. SCST represents and warrants
to Yellow as follows:

           (a)       Organization and Standing. SCST is a corporation duly
                     organized, validly existing and in good standing under the
                     laws of the state of Delaware.

           (b)       Authority and Status. SCST has full power and authority to
                     execute and deliver this Agreement and the Tax Sharing
                     Agreement, to perform its obligations hereunder and
                     thereunder and consummate the transactions contemplated
                     hereby and thereby without the necessity of any act or
                     consent of any other person. SCST has taken all necessary
                     and appropriate corporate action, including obtaining all
                     necessary board and shareholder consents with respect to
                     the execution, delivery and performance by SCST of this
                     Agreement and of the Tax Sharing Agreement. This Agreement
                     and the Tax Sharing Agreement constitute or will when
                     executed and delivered constitute the valid and legally
                     binding obligation of SCST enforceable against it in
                     accordance with their respective terms, except as
                     enforceability may be limited by applicable equitable
                     principles or by bankruptcy, insolvency, reorganization,
                     moratorium or similar laws from time to time affecting the
                     enforcement of creditors' rights generally.

           (c)       No Conflict. Neither the execution and delivery of this
                     Agreement and the Tax Sharing Agreement nor the terms and
                     provisions hereof and thereof including, without
                     limitation, the consummation of the transactions
                     contemplated hereby and thereby will conflict with or
                     result in the breach of any term, condition or provisions
                     of the Certificate of Incorporation or By-laws, as amended
                     and restated, or applicable law, regulation or court order.

<PAGE>

                                      -17-

                                   ARTICLE IV

                                 RELATED MATTERS

       4.1    Access to Information.

              (a) From and after the Distribution Date, each of Yellow and
SCST, on behalf of its respective Group, agrees to provide or cause to be
provided to the other Group any Information in the possession or under the
control of such Group which the requesting party reasonably needs.

              (i)   to comply with reporting, disclosure, filing or other
       requirements imposed on the requesting party (including under applicable
       securities laws) by a Governmental Authority having jurisdiction over the
       requesting party;

              (ii)  for use in any other judicial, regulatory, administrative
       or other proceeding or in order to satisfy audit, accounting, claims,
       regulatory, litigation or other similar requirements, in each case other
       than claims or allegations that one party to this Agreement has against
       the other; or

              (iii) subject to the foregoing clause (ii), to comply with its
       obligations under this Agreement or the Tax Sharing Agreement;

provided, however, that in the event that any party hereto determines that any
such provision of Information could be commercially detrimental, violate any law
or agreement, or waive any attorney-client privilege, the parties shall take all
reasonable measures to permit the compliance with such obligations in a manner
that avoids any such harm or consequence.

              (b)   Except as otherwise specifically provided for herein, a
party providing Information or witnesses to the other hereunder shall be
entitled to receive from the recipient, upon the presentation of appropriate
invoices therefor, payments for such amounts relating to supplies, out-of-pocket
expenses, and such other costs, employee time and disbursements, which may be
reasonably incurred in providing such Information or witnesses. Invoices shall
be due and payable within fifteen (15) calendar days of receipt. Employee time
shall be billed at the involved employee's hourly rate for hourly employees with
a four-hour minimum, and salary calculated on a per diem basis for salaried
employees with a one calendar day minimum.

       4.2    Confidentiality. Each of Yellow and its Subsidiaries (other than
SCST and its Subsidiaries) and SCST and its Subsidiaries shall hold and cause
each of their respective officers, directors, employees, agents, consultants and
advisors to hold, in strict confidence, all non-public information concerning
the other party, unless compelled to disclose such

<PAGE>

                                      -18-

information by judicial or administrative process or, in the opinion of counsel,
by the requirements of law (in which case such party shall promptly notify the
other party so that the other party may seek a protective order or other
appropriate remedy). Each party shall not release or disclose such information
to any other person except its auditors, attorneys, financial advisors, bankers,
subcontractors and other consultants and advisors who have a need to know, who
shall be bound by the provisions of this Section 4.2. Each party shall be deemed
to have satisfied its obligations hereunder with respect to confidential
information supplied by the other party if it exercises the same care as it does
to preserving the confidentiality of its own similar information.

       4.3 Indemnification.

           (a) Except as otherwise provided in this Agreement, Yellow shall
indemnify SCST, its Subsidiaries and their officers, directors, managers,
members, employees, agents, affiliates and advisors (collectively, the "SCST
Indemnitees") from and against and shall reimburse such SCST Indemnitees in
respect of any and all Losses resulting from or arising out of (i) any Yellow
Liabilities (whether arising prior to or after the Distribution Date), (ii) the
failure of Yellow to perform any of its obligations under this Agreement in any
material respect, and (iii) all Liabilities arising out of the business,
operations and assets of Yellow and Yellow's Subsidiaries after the Distribution
Date.

           (b) Except as otherwise provided in this Agreement, SCST shall
indemnify Yellow, its Subsidiaries and their officers, directors, managers,
members, employees, agents, affiliates and advisors (collectively, the "Yellow
Indemnitees") from and against and shall reimburse such Yellow Indemnitees in
respect of any and all Losses resulting from or arising out of (i) any of the
SCST Liabilities (whether arising prior to or after the Distribution Date), (ii)
the failure of SCST to perform any of its obligations under this Agreement in
any material respect, and (iii) all Liabilities arising out of the business,
operations and assets of SCST and SCST's Subsidiaries after the Distribution
Date.

           (c) Any Liabilities not allocated to Yellow or its Subsidiaries or
to SCST or its Subsidiaries hereunder shall be allocated to either Yellow or
SCST by the Chief Executive Officer of Yellow in his sole discretion.

           (d) Neither party shall be liable for indemnification with respect
to any claim for which indemnification may result hereunder unless the party
seeking indemnification (the "Indemnitee") notifies the other party (the
"Indemnifying Party") in writing of the nature of the claim in as much detail as
is feasible within a reasonable time after the facts giving rise to such claim
are known to the Indemnitee. The Indemnifying Party shall be entitled to
participate at its own expense in the defense or, if it so elects by a writing
delivered to the Indemnitee within thirty (30) calendar days after receipt of
such notice, to assume at its own expense the defense of the matter giving rise
to the claim for indemnification or of any suit

<PAGE>

                                      -19-

brought in connection with it. If the Indemnifying Party elects to assume a
defense and is reasonably creditworthy or carries insurance so as to make it
reasonable to expect it will be able to discharge an adverse judgment, the
defense shall be conducted by counsel chosen by it. Only one counsel will be
provided for the Indemnitee in any one proceeding regardless of the number of
entities or individuals to be indemnified and the Indemnifying Party shall be
able to settle if it obtains an unconditional release without limitations on
future conduct. If the Indemnitee elects to assume the defense of any such claim
or suit and retains such counsel, the Indemnitee shall bear the fees and
expenses of its own counsel arising out of any legal service thereafter
performed by that counsel. In the event the Indemnitee elects to defend against
any such claim it will, so long as the Indemnifying Party is actively engaged in
defense of the claim, refrain from paying or compromising the claim and will
extend its cooperation and assistance to the Indemnifying Party in its defense
against the claim. If the parties hereto or an Indemnitee is unable to agree
upon or settle any claim for indemnity, either party or an Indemnitee may submit
the Indemnitee claim to the dispute resolution procedure provided for herein.
Notwithstanding the foregoing, there shall be no obligation for one party to
indemnify the other for any dispute in which the amount in controversy is less
than $5,000.

       4.4 Manner of Payments. Except as otherwise provided in this Agreement,
any reimbursements or other payments to be made on and after the Distribution
Date by any party to any other party hereunder shall be due within fifteen (15)
calendar days of the receipt by the owing party of an invoice or other billing
documentation accompanied by reasonably detailed supporting information.

       4.5 Taxes. Yellow and SCST have entered into a Tax Sharing Agreement
regarding their respective rights and obligations with respect to taxes of
Yellow and SCST for all periods prior to (or including) the Distribution and
certain other tax related matters. In the event of any conflict between the
terms of the Tax Sharing Agreement and the terms of this Agreement, the terms of
the Tax Sharing Agreement shall prevail.

       4.6 Expenses. Except as otherwise provided in this Agreement or the Tax
Sharing Agreement, all out-of-pocket expenses incurred in connection with the
Distribution up to and including the Distribution Date shall be paid by Yellow.
Thereafter, except as otherwise provided in this Agreement or in the Tax Sharing
Agreement, each party shall bear its own expenses in connection with the
Distribution.

       4.7 Non-solicitation. For twenty-four (24) months after the date hereof,
Yellow and SCST shall not, directly or indirectly, offer, induce, recruit,
solicit, influence or attempt to influence any employee of the other or any of
its subsidiaries to terminate his or her employment for the purpose of working
for the other (without the prior written consent of the other party). This
Section 4.7 shall not prohibit one party from hiring an employee of the other
party if such employment is the result of an employee's soliciting employment by
the

<PAGE>

                                      -20-

employing party without any inducement or attempt by the employing party to
encourage said employee, or if the employment occurs as a result of a general
solicitation for employment by one party not specifically directed at the other
party.

                                    ARTICLE V

                               DISPUTE RESOLUTION

       5.1 Use of Dispute Resolution; Presumptions. Except as otherwise set
forth in the Tax Sharing Agreement, resolution of any and all disputes arising
from or in connection with this Agreement or the Tax Sharing Agreement, whether
based on contract, tort or otherwise (collectively, "Disputes"), shall be
exclusively governed by and settled in accordance with the provisions of this
Article V, it being understood and agreed by SCST that any calculation or
determination made by Yellow with respect to or in connection with the
Distribution or this Agreement shall be deemed reasonable and binding on SCST
absent manifest error.

       5.2 Negotiation. The parties shall make a good faith attempt to resolve
any Dispute through negotiation. Within fifteen (15) calendar days after notice
of a Dispute is given by either party to the other party, each party shall
select a negotiating team comprised of vice president-level employees of such
party and shall meet within fifteen (15) calendar days after the end of the
first fifteen (15) calendar day negotiating period to attempt to resolve the
matter. During the course of negotiations under this Section 5.2, all reasonable
requests made by one party to the other for Information, including requests for
copies of relevant documents, will be honored. The specific format for such
negotiations will be left to the discretion of the designated negotiating teams
and may include the preparation of agreed upon statements of fact or written
statements of position furnished to the other party.

       5.3 Non-binding Mediation. In the event that any Dispute arising out of
or related to this Agreement is not settled by the parties within fifteen (15)
calendar days after the first meeting of the vice president-level negotiating
teams under Section 5.2, the parties will attempt in good faith to resolve such
Dispute by non-binding mediation in accordance with the American Arbitration
Association Commercial Mediation Rules as in effect at such time. Mediation
shall be held within thirty (30) calendar days of the end of such fifteen (15)
calendar day negotiation period of the negotiating teams. Except as provided in
Section 5.4, no litigation for the resolution of such Dispute may be commenced
until the parties attempt in good faith to settle the dispute by such mediation
in accordance with such rules and either party has concluded in good faith that
amicable resolution through continued mediation of the matter does not appear
likely. The costs of mediation shall be shared equally by the parties to the
mediation. Any settlement reached by mediation shall be recorded in writing,
signed by the parties, and shall be binding on them.

<PAGE>

                                      -21-

       5.4 Proceedings. Nothing herein, however, shall prohibit either party
from initiating litigation or other judicial or administrative proceedings if
there is a substantial likelihood that such party would be substantially harmed
by a failure to act during the time that such good faith efforts are being made
to resolve the Dispute through negotiation or mediation. In the event that
litigation is commenced under this Section 5.4, the parties agree to continue to
attempt to resolve any Dispute according to the terms of Section 5.2 and Section
5.3 during the course of such litigation proceedings under this Section 5.4.

       5.5 Continuity of Service and Performance. Unless otherwise agreed in
writing, the parties will continue to provide service on all of the commitments
in this Agreement and the Tax Sharing Agreement during the course of dispute
resolution pursuant to the provisions of this Article V with respect to all
matters not subject to the Dispute.

       5.6 Further Assurances. In addition to the actions specifically provided
for elsewhere in this Agreement, each of the parties hereto shall use its
reasonable best efforts to (i) execute and deliver such further documents and
take such other actions as any other party may reasonably request in order to
effectuate the purposes of this Agreement and to carry out the terms hereof, and
(ii) take, or cause to be taken, all actions, and to do or cause to be done all
things reasonably necessary, proper or advisable under applicable law,
regulation and agreements or otherwise to consummate and make effective the
transactions contemplated by this Agreement, including without limitation using
its reasonable best efforts to obtain any consents and approvals and make any
filings and applications necessary or desirable in order to consummate the
transactions contemplated by this Agreement.

                                   ARTICLE VI

                                  MISCELLANEOUS

       6.1 Survival. The provisions of this Agreement shall survive the
Distribution Date.

       6.2 Entire Agreement. This Agreement supersedes and cancels any and all
previous agreements, written or oral, between the parties relating to the
subject matter hereof. This Agreement and the Tax Sharing Agreement express the
complete and final understanding of the parties with respect to the subject
matter thereto and may not be changed in any way, except as provided in Section
6.3.

       6.3 Waiver and Modification. An amendment or modification of this
Agreement will be valid and effective only if it is in writing and signed by
each party to this Agreement. In addition, a waiver of any duty, obligation or
responsibility of a party under this Agreement will be valid and effective only
if it is evidenced by writing, signed by or on behalf of the party against whom
the waiver or discharge is sought to be enforced. The waiver by either party of

<PAGE>

                                      -22-

a breach of a provision of this Agreement will not constitute a waiver of the
succeeding breach of the provision or a waiver of the provision itself.

       6.4 Notices. All notices, requests, consents and other communications
hereunder to any party shall be deemed to be sufficient if contained in a
written instrument delivered in person or sent by telecopy confirmed receipt,
nationally recognized overnight courier, or first class registered or certified
mail, return receipt requested, postage pre-paid, addressed to such party at the
address set forth below:

          If to Yellow to:

                   10990 Roe Avenue
                   Overland Park, KS  66211
                   Fax:     (913) 696-6116
                   Attn:    Senior Vice President-Legal and Corporate Secretary
                   e-mail:  dan.churay@yellowcorp.com

          If to SCST to:

                   One Main Plaza
                   4435 Main Street, Suite 930
                   Kansas City, MO  64111
                   Fax:     (816) 714-5920
                   Attn:    Vice President and Chief Financial Officer
                   e-mail:  jbellinghausen@scstransportation.com

       All notices, request, consents and other communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered;
when receipt acknowledged, if telecopied; on the next business day after timely
delivery to the courier, if sent by overnight courier guaranteeing next day
delivery; and five business days after being deposited in the mail, postage
pre-paid, if mailed.

       6.5 Counterparts. This Agreement may be executed in any number of
counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

       6.6 Severability. In the event any provision of the Agreement or portion
thereof is found to be wholly or partially invalid, illegal or unenforceable in
any judicial proceeding, then such provision shall be deemed to be modified or
restricted to the extent and in the manner necessary to render the same valid
and enforceable or shall be deemed excised from this Agreement, as the case may
require, and this Agreement shall be construed and enforced to the maximum
extent permitted by law as if such provision had been originally incorporated

<PAGE>

                                      -23-

herein as so modified or restricted, or as if such provision had not been
originally incorporated herein, as the case may be.

       6.7 Assignment. Neither of the parties shall assign any of its rights or
obligations under this Agreement without the prior written consent of the other
party.

       6.8 Choice of Law. This Agreement shall be interpreted under the laws of
the State of Delaware, without giving effect to said state's conflict of laws
principles.

       6.9 No Third-Party Beneficiaries. This Agreement is not intended to, and
does not, create any third-party contractual or other rights. No person or
entity shall be deemed to be a third-party beneficiary with respect to this
Agreement.

                                   ARTICLE VII

                                  DEFINED TERMS

       7.1 Defined Terms.

       Defined Term                                       Location in Document
       ------------                                       --------------------
       Agreement.....................................     Preamble
       AIT...........................................     2.5.2.2
       Allocated Employees...........................     2.2
       Benesight.....................................     2.6.3
       Billed Cost...................................     2.5.2.3
       Collateral....................................     2.5.2.3
       Collateral Cost...............................     2.5.2.3
       Collateral Requirements.......................     2.5.2.3
       Contributed Assets............................     2.1
       Contributed Liabilities.......................     2.1
       Disclosure Letter.............................     1.2.1
       Disputes......................................     5.1
       Distribution..................................     Recitals
       Distribution Date.............................     1.4
       Fractional Shares.............................     1.3
       Guarantees....................................     2.5.1
       Indemnifying Party............................     4.3
       Indemnitee....................................     4.3
       Jevic.........................................     Recitals
       Luciano.......................................     2.6.2
       Net Ultimate Liability of Yellow..............     2.5.2.2

<PAGE>

                                      -24-

       Preston.......................................     2.6.1
       Saia..........................................     Recitals
       SCST..........................................     Preamble
       SCST Excess Liability.........................     2.5.2.2
       SCST Indemnitees..............................     4.3
       Separation....................................     Recitals
       TPA...........................................     2.5.2.4
       Transactions..................................     Recitals
       Yellow........................................     Preamble
       Yellow Benesight Litigation Expenses..........     2.6.3
       Yellow Indemnitees............................     4.3
       Yellow Luciano Litigation Expenses............     2.6.2
       Yellow Payment................................     1.2.1

       "Action" means any action, claim, suit, arbitration, subpoena, discovery
request, proceeding or investigation by or before any court or grand jury, any
Governmental Authority or arbitration tribunal.

       "By-laws" means the By-laws of SCST, substantially in the form of
Exhibit A.

       "Certificate of Incorporation" means the Amended and Restated Certificate
of Incorporation of SCST, substantially in the form of Exhibit B.

       "Code" means the Internal Revenue Code of 1986, as amended.

       "Commission" means the Securities and Exchange Commission.

       "Consents" means any consents, waivers or approvals from, or notification
requirements to, any third parties.

       "Contribution Date" means the Distribution Date or such other date as is
specified in the applicable section of the Disclosure Letter.

       "Debt Agreements" means each of those agreements listed in paragraph
1.2.1 of the Disclosure Letter.

       "Distribution Ratio" means the number of shares of Yellow Common Stock
that a stockholder must own at the Record Date that will entitle such
stockholder to receive one share of SCST Common Stock on the Distribution Date.

       "Distribution Time" means 5:00 p.m., New York City time, on the
Distribution Date.

<PAGE>

                                      -25-

       "Effective Date" means the date on which the Registration Statement is
declared effective by the Commission.

       "Exchange Act" means the Securities Exchange Act of 1934, as amended,
together with the rules and regulations promulgated thereunder.

       "Governmental Approvals" means any notices, reports or other filings to
be made to, or any consents, registrations, approvals, permits or authorizations
to be obtained from, any Governmental Authority.

       "Governmental Authority" means any federal, state, local, foreign or
international court, government, department, commission, board, bureau, agency,
official or other regulatory, administrative or governmental authority.

       "Group" means the Yellow Group or the SCST Group, as the context
requires.

       "Information" means all administrative records, books, contracts and
instruments, and all computer software (excluding any software not owned by
Yellow or SCST, as the case may be) and computer data and other owned data and
information.

       "Information Statement" means the information statement included in the
Registration Statement.

       "Letter Ruling" means a private letter ruling received from the Internal
Revenue Service to the effect that, among other things, the Distribution will
qualify as a tax-free distribution for federal income tax purposes under Section
355 of the Code.

       "Liabilities" means any and all indebtedness, liabilities or obligations,
whether accrued, fixed or contingent, mature or inchoate, known or unknown,
reflected on a balance sheet or otherwise, including, but not limited to, those
arising under any law, rule, regulation, Action, order, injunction or consent
decree of any Governmental Authority or any judgment of any court of any kind or
any award of any arbitrator of any kind, and those arising under any contract,
commitment or undertaking.

       "Losses" means any and all damages, losses, deficiencies, Liabilities,
obligations, penalties, judgments, settlements, claims, payments, fines,
interest, costs and expenses (including, without limitation, the costs and
expenses of any and all Actions and demands, assessments, judgments, settlements
and compromises relating thereto and the reasonable costs and expenses of
attorneys, accountants, consultants and other professionals' fees and expenses
incurred in the investigation or defense thereof or the enforcement of rights
hereunder), including direct and consequential damages, but excluding punitive
damages (other than punitive damages awarded to any third party against an
Indemnified Party).

<PAGE>

                                      -26-

       "Person" means an individual, a general or limited partnership, a
corporation, a trust, a joint venture, an unincorporated organization, a limited
liability entity, any other entity and any Governmental Authority.

       "Record Date" means the close of business on the date to be determined by
Yellow's Board of Directors as the record date for determining stockholders of
Yellow entitled to receive shares of SCST Common Stock in the Distribution.

       "Registration Statement" means the Registration Statement (No. 001-31401)
on Form 10 filed by SCST with the Commission to effect the registration of the
SCST Common Stock pursuant to the Exchange Act in connection with the
Distribution, as such registration statement may be amended from time to time.

       "SCST Common Stock" means the common stock, par value $0.001 per share,
of SCST, entitled to one vote per share.

       "SCST Group" means SCST, each Subsidiary of SCST and each other Person
that is either controlled directly or indirectly by SCST immediately after the
Distribution Date.

       "SCST Liabilities" means any and all Liabilities of SCST or any of its
Subsidiaries of any kind or nature to the extent resulting from or arising out
of the present, past or future operation or conduct of the business, operations
or assets of SCST or of any Subsidiary of SCST, and shall include without
limitation:

       (i)    Liabilities resulting from or arising out of the Contributed
              Assets;

       (ii)   Liabilities resulting from or arising out of the Contributed
              Liabilities;

       (iii)  Liabilities resulting from or arising out of the Allocated
              Employees;

       (iv)   Liabilities resulting from or arising out of the Guarantees;

       (v)    Liabilities allocated to SCST pursuant to Section 2.5.2.1;

       (vi)   Liabilities resulting from or arising out of the SCST Excess
              Liability;

       (vii)  Liabilities resulting from or arising out of the Collateral Costs;

       (viii) Liabilities allocated to SCST pursuant to Section 2.5.2.4;

       (ix)   Liabilities resulting from or arising out of the litigation
              described in Section 2.6.2;

<PAGE>

                                      -27-

       (x)    Liabilities resulting from or arising out of the litigation
              described in Section 2.6.3;

       (xi)   Liabilities resulting from or arising out of the litigation
              described in Section 2.6.4;

       (xii)  Liabilities resulting from or arising out of the Jevic Employment
              Agreements; and

       (xiii) Liabilities resulting from or arising out of the rights and claims
              described in Section 2.6.6.

       "Securities Act" means the Securities Act of 1933, as amended, together
with the rules and regulations promulgated thereunder.

       "Subsidiary" of any Person means any corporation, partnership, limited
liability entity, joint venture or other organization, whether incorporated or
unincorporated, of which such Person or a Subsidiary of such Person, or such
Person and one or more of its Subsidiaries, (i) directly or indirectly owns or
control at least a majority of the securities or interests having by the terms
thereof ordinary voting power to elect at least a majority of the board of
directors or others performing similar functions with respect to such
corporation; (ii) have control, whether contractual or otherwise; (iii) are a
general partner, manager or managing member; or (iv) hold a majority of the
equity interests.

       "Tax Sharing Agreement" means that certain Tax Indemnification and
Allocation Agreement by and between Yellow and SCST, substantially in the form
of Exhibit C.

       "Third Party Debt" means all debt in addition to that evidenced by the
Debt Agreements listed in paragraph 1.2.1 of the Disclosure Letter residing on
the books of SCST or its subsidiaries as of the Distribution Date and
specifically excludes intercompany debt owed by SCST or its subsidiaries
directly to Yellow. Third Party Debt is listed in paragraph 2.4 of the
Disclosure Letter.

       "Yellow Common Stock" means the common stock, par value $1.00 per share,
of Yellow.

       "Yellow Group" means Yellow, each Subsidiary of Yellow and each Person
(other than any member of the SCST Group) that is either controlled directly or
indirectly by Yellow immediately after the Distribution Date.

       "Yellow Liabilities" means any and all Liabilities of Yellow or any of
its Subsidiaries (other than SCST and its Subsidiaries) of any kind or nature to
the extent resulting from or

<PAGE>

                                      -28-

arising out of the present, past or future operation or conduct of the business,
operations or assets of Yellow or of any Subsidiary of Yellow (other than SCST
and its Subsidiaries), and shall include Liabilities resulting from or arising
out of the claims described in Section 2.6.1.

                            [Signature Pages Follow]

<PAGE>

                                       S-1

       IN WITNESS WHEREOF, the parties have executed this Master Separation and
Distribution Agreement as of the date first above written.

                            YELLOW CORPORATION

                            By:  /s/ William F. Martin, Jr.
                                 ---------------------------------------------
                                 Name:  William F. Martin, Jr.
                                 Title: Senior Vice President

                            SCS TRANSPORTATION, INC.

                            By:  /s/ James J. Bellinghausen
                                 ---------------------------------------------
                                 Name:  James J. Bellinghausen
                                 Title: Vice President of Finance
                                        and Chief Financial Officer

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