Roadrunner Transportation Systems Inc. reported a net loss in the fourth quarter and sharply lower revenue amid challenging market conditions.
March 28, 2020Roadrunner Transportation Systems
Business, Top 100
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 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.)
Business, Logistics, Top 100
Roadrunner Transportation Systems via Facebook
Roadrunner 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, 2020
Business
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 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, 2019
Business, Equipment, Logistics
Roadrunner Transportation Systems via Facebook
Roadrunner 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, 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)
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
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, 2019Pages
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