Roadrunner Transportation Systems

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.

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.

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.

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.