Roadrunner Transportation Systems

Business, Logistics, Top 100

Roadrunner Completes Strategic Transformation, Focuses on LTL Business

Roadrunner Transportation Systems truck Roadrunner Transportation Services Inc.

Roadrunner Transportation Systems said it consists solely of its less-than-truckload operations, having finished its multiyear restructuring plan earlier this year.

Connor D. Wolf | Staff Reporter
August 26, 2020
Business, Top 100

Roadrunner Accelerates Restructuring Plan Amid Pandemic

Roadrunner Freight Roadrunner Freight via Facebook

Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive said.

Connor D. Wolf | Staff Reporter
June 11, 2020
Business, Top 100

Roadrunner Reports Net Loss in Fourth Quarter

Roadrunner truck Roadrunner decided to make its voluntary stock listing changes to reduce costs and increase management's focus on operating performance. (Roadrunner Transportation Services Inc.)

Roadrunner Transportation Systems Inc. reported a net loss in the fourth quarter and sharply lower revenue amid challenging market conditions.

Roger Gilroy | Senior Reporter
March 28, 2020
Business, Logistics, Top 100

Roadrunner Sells Distribution Service to C.H. Robinson for $225 Million

Roadrunner Transportation Systems trailers Roadrunner Transportation Systems via Facebook

Roadrunner Transportation Systems Inc. will sell its Prime Distribution Services business to C.H. Robinson Worldwide Inc. for $225 million in cash, according to a Jan. 28 news release.

Jim Stinson | Staff Reporter
January 28, 2020
Business

Roadrunner President Michael Gettle Steps Down

Roadrunner truck Roadrunner President and Chief Operating Officer Michael Gettle is leaving the company but will assist the company with the transition of his responsibilities over the next few months. (Roadrunner Transportation Services Inc.)

Roadrunner Transportation Systems Inc. President and Chief Operating Officer Michael Gettle is leaving the company, the less-than-truckload and truckload carrier announced Dec. 11.

Jim Stinson | Staff Reporter
December 12, 2019
Business, Equipment, Logistics

Roadrunner Sells Flatbed Operation

Roadrunner Roadrunner Transportation Systems via Facebook

Roadrunner Transportation Systems Inc. announced the sale of its flatbed business unit for $30 million in cash, subject to customary purchase price and working capital adjustments.

December 9, 2019
Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

Tanker trucks at storage and dispatch terminal of Petroleos Mexicanos Tanker trucks wait at the storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press)

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Business, Logistics, Top 100

Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million

Roadrunner truck The intermodal business had revenue of approximately $125 million for the 12 months ended Sept. 30 and was part of the company’s truckload segment, according to Roadrunner officials. (Roadrunner Transportation Systems Inc.)

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.

Jim Stinson | Staff Reporter
November 5, 2019
Business

Roadrunner to Downsize Dry Van Truckload Segment, Laying Off 450

Roadrunner truck Roadrunner officials said the reduction represents approximately 10% of the company’s total workforce. (Roadrunner Transportation Services)

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.

Jim Stinson | Staff Reporter
September 30, 2019
Business, Logistics, Top 100

Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q

Roadrunner Transportation Systems truck Roadrunner Transportation Systems

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.

Jim Stinson | Staff Reporter
August 7, 2019

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