Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million
Roadrunner Transportation Systems has sold its intermodal business to Universal Logistics Holdings for $51.25 million in cash, the transportation and asset-light logistics company announced Nov. 5.
November 5, 2019Roadrunner to Downsize Dry Van Truckload Segment, Laying Off 450
Roadrunner Transportation Systems Inc. on Sept. 30 announced that it would lay off 450 employees and downsize its dry van business, a truckload segment the company said had become unprofitable.
September 30, 2019Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q
Roadrunner Transportation Systems Inc. will narrow future operations to logistics and less-than-truckload after a disappointing second quarter, company officials said in an Aug. 7 news release.
August 7, 2019Roadrunner CFO Terence Rogers to Step Down in August
Terence Rogers, Roadrunner Transportation Systems Inc.’s executive vice president and chief financial officer, has resigned from the company effective at the end of August.
June 28, 2019Fleets Transitioning to New Management as Industry Prepares for the Road Ahead
As the trucking industry enters a new age, fleets increasingly are turning to a new generation of leaders.
June 24, 2019Roadrunner Board Nominates Donald Brown, Christopher Jamroz
Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.
April 22, 2019Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Shareholders of Roadrunner Transportation Systems, who have seen the value of their holdings plummet following a finance scandal that led to the dismissal of several top executives more than a year ago, are being given a chance to buy more stock — 900 million shares to be exact — at 50 cents a share as part of an effort by new management to recapitalize the business.
January 9, 2019Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues
Roadrunner Transportation Systems released financial results for the third quarter that included a net loss of $41.6 million as the Downers Grove, Ill.-based company continues to battle back from an accounting scandal and the departure of several key executives, some of whom are now facing federal charges of securities fraud for misrepresenting the company’s finances to investors over several years.
November 7, 2018Roadrunner Revenues, Losses Rise in 1Q as Turnaround Continues
Roadrunner Transport Systems reported an improvement in operating results for the first quarter, ended March 31, but net losses grew.
July 2, 2018Roadrunner Pares Losses for Full-Year 2017
Roadrunner Transportation Systems reported a net loss of $91.2 million for full-year 2017 compared with a loss of $360.3 million in 2016. The diluted loss per share was $2.37 for 2017 compared with a diluted loss per share of $9.40 for 2016.
June 22, 2018