Roadrunner Transportation Systems

Business

Roadrunner Reports Third-Quarter Loss as Turnaround Effort Continues

Roadrunner Transportation Systems 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.

Daniel P. Bearth | Staff Writer
November 7, 2018
Business

Roadrunner Revenues, Losses Rise in 1Q as Turnaround Continues

Roadrunner Transportation Systems Roadrunner Transportation Systems

Roadrunner Transport Systems reported an improvement in operating results for the first quarter, ended March 31, but net losses grew.

Burney Simpson | Staff Reporter
July 2, 2018
Government, Business, Logistics, Top 100

Roadrunner Pares Losses for Full-Year 2017

Roadrunner Transportation Systems (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.

Burney Simpson | Staff Reporter
June 22, 2018
Government, Business

Former Roadrunner Executives Indicted for Securities Fraud

Roadrunner Transportation Systems (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.

Burney Simpson | Staff Reporter
June 19, 2018
Business

Roadrunner Reports Nine-Month 2017 Results

Roadrunner Transportation Systems 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.

Burney Simpson | Staff Reporter
April 3, 2018
Business, Logistics

Roadrunner Releases Financials Through 2016

Roadrunner truck 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.

Ari Ashe | Staff Reporter
February 1, 2018
Business

Roadrunner Avoids Stock Exchange Delisting

Roadrunner truck 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.

Transport Topics
December 28, 2017
Business, Logistics

Roadrunner to Sell Unitrans to Quick International for $95 Million

Roadrunner truck Ohio Motor Transit/Flickr

Roadrunner Transportation Systems has agreed to sell its Unitrans Inc. subsidiary to Quick International Courier for $95 million in cash.

Transport Topics
August 17, 2017
Business

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.

Ari Ashe | Staff Reporter
July 7, 2017
Business

Old Dominion Net Income Rises; YRC Worldwide Cuts Loss

Old Dominion Freight Line

Old Dominion Freight Line Inc. improved first-quarter net income 36% to $62.5 million, or 73 cents per share, and YRC Worldwide Inc. cut its loss to $21.6 million, or 70 cents.

Transport Topics
April 30, 2015