Government, Business, Top 100

Three Former Roadrunner Executives Charged With Fraud

Roadrunner Executives A Roadrunner trailer at a loading dock in Two Rivers, Wis. (Jason Miller/Flickr)

The Securities and Exchange Commission has formally charged the former chief financial officer and two of his associates at Roadrunner Transportation Systems with accounting fraud and misleading investors about the company’s financial results.

Daniel P. Bearth | Senior Features Writer
April 4, 2019

Roadrunner Continues to Struggle in Aftermath of Federal Charges

Roadrunner Roadrunner Transportation Systems via Facebook

Roadrunner Transportation Systems Inc. reported a fourth-quarter loss of $58.4 million, or $1.52 a share, compared with a loss of $23.3 million, or 61 cents per share in 2017. The Downers Grove, Ill.-based truckload and less-than-truckload carrier continues to struggle financially in the wake of an accounting scandal and the departure of several key executives, and at a time when business conditions in the freight industry remain strong.

Dan Ronan | Associate News Editor
March 14, 2019
Business, Top 100

Roadrunner Continues Consolidation Efforts

Roadrunner truck Roadrunner Transportation Services

Roadrunner Transportation Systems on May 15 continued the consolidation of its business divisions, moving its air transportation units into one integrated brand with a single management team and marketed as Active On-Demand.

Burney Simpson | Staff Reporter
May 16, 2018

Roadrunner LTL President Grant Crawford Leaving Company

Roadrunner Transportation Group

Roadrunner Freight President Grant Crawford is leaving his job running the less-than-truckload division of Roadrunner Transportation Systems Inc., the carrier announced June 12.

Transport Topics
June 12, 2017

Roadrunner Moves Headquarters to Illinois; Terence Rogers Named CFO

Roadrunner Transportation Systems Inc.

Roadrunner Transportation Systems Inc. has hired Terence Rogers as chief financial officer, replacing Peter Armbruster, who was terminated March 29 after the carrier was forced to restate earnings reports from 2014 onward because of two accounting errors.

Transport Topics
May 24, 2017

Roadrunner Receives $540 Million, Names New Leadership

Roadrunner Transportation Systems Inc

Roadrunner Transportation Systems Inc. said it has received a $540 million cash infusion from a private equity group that owns 8.6% of the shares in an announcement that also included a change in the senior leadership of the recently troubled trucking company.

Ari Ashe | Staff Reporter
May 2, 2017

Roadrunner Merges Refrigerated Fleets in Bid to Reverse Financial Woes

Roadrunner Transportation Systems Inc.

Roadrunner Transportation Systems has combined two refrigerated fleets into one temperature-controlled division, hoping to reverse the financial woes that have plagued the carrier in recent months.

Transport Topics
March 21, 2017

Roadrunner Secures Additional Working Capital, Forbearance Provision

Roadrunner Transportation Systems

Roadrunner Transportation Systems Inc. reached agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a previously announced long-term loan amendment, the motor carrier said.

Transport Topics
March 7, 2017

Aggressive Acquisitions Fed Roadrunner Woes

Roadrunner Transportation Systems

Not long ago, Roadrunner Transportation Systems was speeding down the growth highway.

Rick Romell | Milwaukee Journal Sentinel
February 2, 2017

Roadrunner Admits to Accounting Error; Analysts Suspend Recommendations

Roadrunner Transportation Systems Inc.

Roadrunner Transportation Systems Inc. announced that it must fix quarterly and annual earnings reports from 2014 until the present due to accounting errors, just two months after the company admitted to miscalculating the leverage ratio on its debt.

Transport Topics
January 31, 2017