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
Government, Business, Technology, Fuel
Tanker trucks wait at the storage and dispatch terminal of Petroleos Mexicanos. (Felix Marquez/Associated Press)
Hacker 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)
Business, Logistics, Top 100
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 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, 2019
Business
Roadrunner officials said the reduction represents approximately 10% of the company’s total workforce. (Roadrunner Transportation Services)
Roadrunner 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, 2019
Business, Logistics, Top 100
Roadrunner Transportation Systems
Roadrunner 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
Business, Top 100
Roadrunner Transportation Systems
Roadrunner CFO Terence Rogers to Step Down in August
Roadrunner Transportation Systems
Terence Rogers, Roadrunner Transportation Systems Inc.’s executive vice president and chief financial officer, has resigned from the company effective at the end of August.
June 28, 2019
Business, Technology, Top 100
Ruan CEO Ben McLean (center) and Chairman John Ruan III meet with drivers and other employees in La Vergne, Tenn. McLean is part of a new generation of leaders taking the reins at major trucking firms. (Ruan Transportation Management Systems)
Fleets Transitioning to New Management as Industry Prepares for the Road Ahead
Ruan CEO Ben McLean (center) and Chairman John Ruan III meet with drivers and other employees in La Vergne, Tenn. McLean is part of a new generation of leaders taking the reins at major trucking firms. (Ruan Transportation Management Systems)
As the trucking industry enters a new age, fleets increasingly are turning to a new generation of leaders.
June 24, 2019
Business, Logistics, Top 100
Roadrunner Transportation Services
Roadrunner Board Nominates Donald Brown, Christopher Jamroz
Roadrunner Transportation Services
Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.
April 22, 2019
Business, Logistics, Top 100
Jason Miller — Flickr
Shareholders Offered Option of Buying More Stock as Roadrunner Seeks to Recapitalize Its Business
Jason Miller — Flickr
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, 2019
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