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Latest RRTS News From Around the Web
Below are the latest news stories about Roadrunner Transportation Systems Inc that investors may wish to consider to help them evaluate RRTS as an investment opportunity.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Roadrunner Transportation Systems, Inc. (NYSE:RRTS), which is in the transportation business, and is based in United...
Advancing the transformation to an asset-light business model, Roadrunner Transportation Systems Inc. (NYSE: RRTS) announced that it has sold dry van business segment Stagecoach Cartage and Distribution LLC.Founded in 1986 and based in El Paso, Texas, Stagecoach provides over-the-road, local cartage and warehouse services to the "bulk resin and general freight markets." Stagecoach has 149 power units and 191 drivers, according to the Federal Motor Carrier Safety Administration's SAFER system.Stagecoach Cartage was the first motor carrier permitted access into Mexico under the North American Free Trade Agreement in 2006. The company was acquired by Roadrunner in 2015, reporting financial results through Roadrunner's truckload (TL) segment.Santa Teresa, New Mexico-based ...
Roadrunner Announces Sale of Stagecoach Cartage and Distribution
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Roadrunner Transportation Systems Reports 2019 Results
Roadrunner Closes on the Sale of its Prime Distribution Services Business to C.H. Robinson
Roadrunner Freight, a business unit of Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") (NYSE: RRTS), has digitized the paper bill of lading process through advanced API connectivity, providing a solution to a common obstacle for Less-Than-Truckload (LTL) shippers. This new integration will enable customers to electronically submit shipping documents and improve the quality of data throughout the pickup request process.
If you own shares in Roadrunner Transportation Systems, Inc. (NYSE:RRTS) then it's worth thinking about how it...
Roadrunner Freight, the LTL division of Roadrunner Transportation (NYSE: RRTS ), is implementing changes in its operations that will reduce the company's transit times in 322 lanes across 29 markets, the company said this week. In an unusual public announcement — these sorts of changes tend not to be announced in press releases — Roadrunner Freight said the improvements in transit time will affect about 36% of the LTL carrier's network. Frank Hurst, the president of Roadrunner Freight, said the changes are helping to mark a reversal at Roadrunner Freight, which he conceded "kind of lost our way over a period of time." Roadrunner Freight is part of Roadrunner Transportation, which has been through a major accounting scandal and the injection of new capital and ownership by Elliott Partne...
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: CHRW). The sale of Prime Distribution, which is part of Roadrunner's Ascent division, will be for $225 million in cash. At the end of the third quarter, according to Roadrunner's (NYSE: RRTS) 10-Q report filed with the SEC, the company had just $5.8 million in cash, down from $11.2 million at the end of 2018's third quarter.