Yellow Roadway Corp. stock dropped Friday after the trucking company cut its third-quarter outlook late Thursday and announced a management change at its Roadway Express division.

Shares of Yellow Roadway fell $3.20, or 7 percent, to close at $42.81 Friday on the Nasdaq Stock Market.

Yellow Roadway, based in Overland Park, reduced its earnings forecast by 20 cents a share, saying it now anticipates third-quarter earnings in a range of $1.40 to $1.45 a share, compared with a previous forecast of $1.60 to $1.65 a share.