Roadrunner $50M equity raise led by GlobalTranz, Emerge founder Leto

Roadrunner will use proceeds from equity raise to improve technology

Roadrunner (OTC: RRTS) announced Thursday it recently closed an equity private placement for $50 million. The round was led by a $10 million investment from Andrew Leto, who founded third-party transportation providers GlobalTranz and Emerge.

The proceeds are expected to be used for technology investments centered on “planning, pricing and efficiency.” The company will also use the funds to bolster its leadership roster and improve service.

“Roadrunner is really a technology moving trucks, not a...

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