Tag Archives: Roadrunner

Roadrunner Transportation Systems Announces Terence R. Rogers as Executive Vice President and Chief Financial Officer

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Downers Grove, IL – May 24, 2017 – Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, today announced that Terence R. Rogers has joined the company as executive vice president and chief financial officer. Prior to joining Roadrunner, Rogers served for four years as chief financial officer for The Heico Companies, LLC, parent company for a diversified portfolio of over 35 businesses. His career includes 17 years in financial positions with Ryerson Inc., a leading distributor and value-added processor of industrial metals, most recently as chief financial officer.

Additionally, Roadrunner announced that it is moving its corporate headquarters to its existing office in Downers Grove, Illinois to locate its new executive management team for easier travel to both customers and geographically dispersed operating units. The company will retain office space and key business and support functions at its previous corporate headquarters in Cudahy, Wisconsin. Approximately 185 positions will remain at the Cudahy location with no workforce reduction planned.

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Roadrunner Transportation Systems Announces Preferred Stock Investment, Credit Facility Refinancing Plans and New Executive Management Team

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Cudahy, WI – May 2, 2017 – Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, announced today an approximately $540 million redeemable preferred stock investment from affiliates of Elliott Management, a private investment firm which is an existing holder of approximately 8.6% of Roadrunner’s common shares.

Proceeds from Elliott Management’s investment were used to pay off and terminate the company’s senior credit facility and to provide working capital to support the company’s current operations and future growth. The company expects that approximately $240 million of the new preferred stock investment will soon be replaced with a new asset-based lending (“ABL”) facility with a group of commercial lenders, which may include members of the company’s previous bank group.

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Roadrunner Transportation Systems Receives Anticipated NYSE Notice Due To Previously Announced Late Form 10-K Filing

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Cudahy, WI – April 7, 2017 – Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, announced today that, as anticipated, it has received a notice from the New York Stock Exchange (the “NYSE”) that Roadrunner is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria set forth in Section 802.01E of the NYSE Listed Company Manual as a result of the company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the “Form 10-K”). Such notices are routinely issued by the NYSE when there are late filings with the Securities and Exchange Commission (the “SEC”).

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Roadrunner Transportation Systems Announces Extension to Interim Credit Facility Amendment

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Cudahy, WI – April 3, 2017 – Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, announced today that it has signed an extension to its interim credit facility The agreement temporarily extends the working capital loans and forbearance provisions of the interim amendment announced on March 6, providing the company with the liquidity and financial flexibility to continue operating as usual while completing the long-term loan amendment.

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Roadrunner Temperature Controlled Announced

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Cudahy, WI – March , 2017 – Roadrunner Transportation Systems (NYSE: RRTS) today announced the formation of Roadrunner Temperature Controlled (RRTC). Roadrunner Temperature Controlled focuses on providing temperature controlled solutions for both large and small customers and is the result of combining two long-standing transportation providers, Bruenger Trucking and R&M Transportation into a single company to expand geographical market coverage and build upon an already strong group of approximately 400 drivers.

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Roadrunner Announces Interim Credit-Facility Amendment

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Cudahy, WI – Mar. 6, 2017 – Roadrunner Transportation Systems, Inc. (“Roadrunner”) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, announced today that it has reached agreement with its lender group on an interim credit-facility amendment, which supports the Company by providing additional working capital loans and a forbearance provision, while working toward a previously-announced long-term loan amendment.
“We are very pleased with the progress we are making with our lender group,” said Curt Stoelting , President and Chief Operating Officer of Roadrunner. “The short-term amendment helps us to remain focused on serving our customers and clients and increasing our business as seasonal working capital needs begin to increase.”

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Roadrunner Announces Conference Call to Discuss 2016 Q3 Results

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10/17/2016
Roadrunner Transportation Systems Announces Conference Call to Discuss 2016 Third Quarter Results
Cudahy, WI – Oct. 18, 2016 – Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics services provider, today announced that it will host a conference call to discuss its financial results for the third quarter ended September 30, 2016, on Wednesday, November 2, 2016, at 4:30 p.m. Eastern Time. Roadrunner Transportation Systems will release its 2016 third quarter financial results that day immediately after market close.

Conference Call Information
To access the conference call, please dial 888-285-2105 (U.S.) or 503-406-4042 (International) approximately 10 minutes prior to the start of the call. Callers will be prompted for passcode 93571460. The conference call will also be available via live webcast under the Investor Relations section of the Company’s website, www.rrts.com.

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RRTS LTL Announces 4.9% General Rate Increase Effective September 26, 2016

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9/14/2016
Dear Roadrunner LTL Customers,

On Monday, September 26th, Roadrunner Transportation will implement a general rate increase of 4.9%, including minimum charge shipments, to all points in the contiguous United States and Canada for customers utilizing the RDFS 501 U.S. and 700 Canadian rate bases.

The rate increase will help offset rising costs of doing business, including enhanced compensation programs to attract and retain quality drivers, new and expanded facilities, increased regulatory compliance, equipment costs, and technology advancements which assist Roadrunner in providing an economical yet reliable solution, with low claims ratio, consistent transit times, and superior customer service.

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Parts of Web Site Will Be Unavailable For Scheduled Maintenance Saturday Night

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9/09/2016
Parts of Roadrunner Transportation Systems Web Site Will Be Unavailable Saturday Night
Cudahy, WI – Sept. 9, 2016 – rrts.com Web Site LTL Rate Quote & Track a Shipment Will Be Unavailable Saturday September 10th from 6:00pm CST until 8:00pm CST for a scheduled server outage. Our apology for any inconvenience this may cause.

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Roadrunner Announces Service Agreement with Sameday® Worldwide for LTL Shipments in Canada

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8/11/2016
Roadrunner Transportation Systems Announces Service Agreement with Sameday® Worldwide for LTL Shipments in Canada
Cudahy, WI – Aug. 11, 2016 – Roadrunner Transportation Systems, Inc. (NYSE: RRTS) today announced a new service agreement with Sameday® Worldwide of Mississauga, Ontario, Canada. Sameday® Worldwide specializes in less-than-truckload (LTL) shipments throughout Canada, with 32 strategically located terminals. As part of the agreement, Sameday® Worldwide will handle all Roadrunner LTL shipments in eastern Canada and Roadrunner will handle all Sameday® Worldwide shipments within its network in the U.S.

The agreement will provide Roadrunner with access to additional areas in eastern Canada and enhance service levels for Roadrunner customers. Sameday® Worldwide will also assist Roadrunner with cross-border management.

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