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 Transportation Systems
Business, Logistics, Top 100
Jason Miller — Flickr
Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Jason Miller — Flickr
Business
TT File Photo
Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues
TT File Photo
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, 2018
Business
Roadrunner Transportation Systems
Roadrunner Revenues, Losses Rise in 1Q as Turnaround Continues
Roadrunner Transportation Systems
Roadrunner Transport Systems reported an improvement in operating results for the first quarter, ended March 31, but net losses grew.
July 2, 2018
Government, Business, Logistics, Top 100
(Roadrunner Transportation Systems via Facebook)
Roadrunner Pares Losses for Full-Year 2017
(Roadrunner Transportation Systems via Facebook)
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
Government, Business
(Roadrunner Transportation Services)
Former Roadrunner Executives Indicted for Securities Fraud
(Roadrunner Transportation Services)
Two former executives of carrier Roadrunner Transportation Systems were charged June 15 by the U.S. Department of Justice with multiple counts of conspiracy and wire and securities fraud in a scheme that the department claims led to a loss of $245 million in shareholder value.
June 19, 2018
Business
TT file photo
Roadrunner Reports Nine-Month 2017 Results
TT file photo
Roadrunner Transportation Systems in the past week traveled a bit further on its path to earn a profit and remain a publicly listed company, releasing results for the first nine months of 2017. The Downers Grove, Ill.-based truckload and less-than-truckload carrier has been amending its financial filings since announcing more than a year ago that a company-led investigation found that the previous management team made substantial accounting errors.
April 3, 2018
Business, Logistics
Roadrunner Transportation Systems Inc.
Roadrunner Releases Financials Through 2016
Roadrunner Transportation Systems Inc.
One year after withdrawing its financial statements dating to 2011, Roadrunner Transportation Systems Inc. on Jan. 31 took a major step forward by releasing amended results through 2016.
February 1, 2018
Business
TT File Photo
Roadrunner Avoids Stock Exchange Delisting
TT File Photo
Roadrunner Transportation Systems received an extension through April 4 to remain on the New York Stock Exchange, avoiding a delisting due to the company retracting financial statements for every quarter since the beginning of 2016 and also pulling its annual reports for 2015 and 2016.
December 28, 2017
Business, Logistics
Ohio Motor Transit/Flickr
Roadrunner to Sell Unitrans to Quick International for $95 Million
Ohio Motor Transit/Flickr
Roadrunner Transportation Systems has agreed to sell its Unitrans Inc. subsidiary to Quick International Courier for $95 million in cash.
August 17, 2017
Business
Kottke Trucking
Most Truckload Carriers Expect to Report Lower Earnings in Second Quarter
Kottke Trucking
The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.
July 7, 2017Pages
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