A pair of less-than-truckload carriers on somewhat divergent paths provided first-quarter updates on Tuesday that displayed no material change of course. Old Dominion Freight Line saw volumes sag again in February as it plays the long game at the bottom of the cycle, while competitor Saia reported another large tonnage increase as it fills its recently expanded network through the downturn.
Thomasville,...
Less-than-truckload carrier Roadrunner announced Monday a blanket rate hike for the first time since 2021. A 6.9% general rate increase across multiple tariff codes will go into effect Wednesday.
The Downers Grove, Illinois-based company said the GRI will impact select lanes across its direct metro-to-metro long-haul network. The headline percentage increase is the expected average change to base rates and will affect customers differently depending on shipment distances.
Roadrunner (OTC: RRTS)...
https://www.freightwaves.com/news/roadrunner-announces-first-general-rate-increase-since-2021
Less-than-truckload carrier Roadrunner announced Friday that its CEO is part of a private equity group that has taken a controlling interest in the company.
Prospero Staff Capital has acquired a majority stake in the Downers Grove, Illinois-based company. The deal was co-led by Chris Jamroz, Roadrunner executive chairman and CEO, and investor Ted Kellner. The group replaces activist investor Elliott Investment Management as the majority holder. Elliott will retain a minority interest in the...
https://www.freightwaves.com/news/roadrunner-changes-hands-accelerates-growth-efforts
Less-than-truckload transportation provider Roadrunner announced Wednesday it has expanded its Canadian cross-border service to include Vancouver, Calgary and Edmonton along with other locations in Canada. The long-haul, metro-to-metro specialist said the expanded service into western Canada will be served from Seattle.
The Chicago-based company announced service into Toronto and Montreal via Detroit in January.
The Seattle location was chosen in part due to the operational success it has...
https://www.freightwaves.com/news/roadrunner-expands-canadian-cross-border-ltl-service
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); gptAdSlots.push(gptSlot); });
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Less-than-truckload provider Roadrunner said Wednesday it has added 135 lanes to its service...
https://www.freightwaves.com/news/roadrunner-adds-more-lanes-coverage-now-includes-toronto-montreal
To view more FreightWaves infographics, click here
The post Daily Infographic: Roadrunner’s new service waives shipment costs on late deliveries appeared first on FreightWaves.
Asset-light less-than-truckload provider Roadrunner announced Tuesday a new program that waives the total shipment cost when freight is not delivered on time.
Smart Guarantee gives customers the option to pay a 25% fee, subject to a $75 minimum, for day-specific guaranteed delivery. The fee is calculated on net freight costs, which excludes fuel expense and accessorial charges. Customers will now have an option on some lanes to select “guaranteed” when booking shipments. If Roadrunner fails to...
https://www.freightwaves.com/news/roadrunners-new-service-waives-shipment-costs-on-late-deliveries
video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) {padding-top: 56.25%;}
Roadrunner has revamped its business model in a major way over the past few years. The company – which describes itself as “transportation’s greatest comeback story” – has taken several ambitious steps in order to become the well-respected national LTL carrier it is today.
Roadrunner’s strategic shifts included exiting both the truckload and rail markets in order to focus its full attention on expanding its LTL...
Less-than-truckload provider Roadrunner said Wednesday it has improved transit times on 149 lanes throughout its network.
The changes include quicker turn times in 33 origin and 39 destination points, representing 14 million ZIP code to ZIP code combinations. The company has used investments in tech, automation and machine learning to improve direct routing as well as dock and network operations.
“We review data in real-time and seek out every opportunity to optimize our network,” said Shari...
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); gptAdSlots.push(gptSlot); });
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Less-than-truckload provider Roadrunner said Thursday it has reduced transit times on several...