Roadrunner Transportation Systems Reports 2019 Results
ROADRUNNER TRANS SYS INC (RRTS)
Last roadrunner trans sys inc earnings: 3/26 04:15 pm
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Company Research
Source: Business Wire
Announces Plans to Voluntarily Withdraw from NYSE and Deregister with SECRevenue and Adjusted EBITDA declined in the 2019 fourth quarter primarily due to lower market demand and rates, continuation of the General Motors strike into October and the impact of planned dry van downsizing and divestituresAchieved significant progress towards narrowing strategic focus to value-added logistics and asset-right LTL businessesRecent divestitures have generated more than $300 million of cash proceeds primarily used to pay down finance leases and debt resulting in a significantly improved balance sheetRebranded air and ground expedite business as Ascent On-Demand, now part of the Ascent Global Logistics brand, and launched an enterprise sales team to drive organic revenue growthVoluntary delisting and deregistration process aimed at reducing corporate costs; shares expected to continue trading on over-the-counter markets DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Roadrunner Transportation Systems,
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News
- OTR division of 38-year-old Texas carrier absorbed by MVT [Yahoo! Finance]Yahoo! Finance
- Prospero Staff Capital Acquires Majority Ownership in Roadrunner from Elliott ManagementPR Newswire
- Roadrunner Recognized in Top Tier of LTL Carriers in Annual Mastio Survey as It Launches Outbound Service from San Antonio and Laredo, TexasPR Newswire
- Roadrunner Speeds Up Transit Times, Opens 40 New Lanes, Expands Smart Guarantee Service OfferingPR Newswire