Roadrunner Transportation Systems
Roadrunner Completes Strategic Transformation, Focuses on LTL Business
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.
August 26, 2020Roadrunner Accelerates Restructuring Plan Amid Pandemic
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.
June 11, 2020Roadrunner Reports Net Loss in Fourth Quarter
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.
March 28, 2020Roadrunner Sells Distribution Service to C.H. Robinson for $225 Million
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.
January 28, 2020Roadrunner President Michael Gettle Steps Down
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.
December 12, 2019Roadrunner Sells Flatbed Operation
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, 2019Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30
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, 2019Roadrunner Sells Intermodal Business to Universal Logistics for $51 Million
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.
November 5, 2019Roadrunner to Downsize Dry Van Truckload Segment, Laying Off 450
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.
September 30, 2019Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q
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.
August 7, 2019