Roadrunner Transportation

After cleaning up mess, Roadrunner CEO Jamroz plots new future

With Roadrunner Transport recently completing a restructuring of its ownership, the LTL carrier now has its sights set on a bigger stage: getting back to being traded on an exchange where the world will know how it’s doing every 90 days.

In an interview with FreightWaves, Chris Jamroz, the company’s CEO and chairman and a significant holder of equity in Roadrunner (OTC: RRTS), also said he sees the company staying in its LTL niche, as a carrier of freight between key metro areas rather than...

https://www.freightwaves.com/news/after-cleaning-up-mess-roadrunner-ceo-jamroz-plots-new-future

Appellate court upholds ex-Roadrunner CFO’s conviction in $245M securities fraud scheme

Image of a Roadrunner tractor-trailer

A federal appellate court has upheld the conviction of ex-Roadrunner Transportation Systems CFO Peter Armbruster for his role in a securities and accounting fraud scheme that cost its shareholders $245 million.

The 7th Circuit U.S. Court of Appeals’ three-judge panel wrote in the opinion that there was “no reason to second-guess the jury’s decision.” Armbruster, 63, of Milwaukee, was sentenced to two years in prison in November 2021 by U.S. District Judge Matthew F. Kennelly. 

The jury rendered...

https://www.freightwaves.com/news/appellate-court-upholds-ex-roadrunner-cfos-conviction-in-245m-securities-fraud-scheme

Saia adds terminal capacity again; Memphis expansion complete

Saia double on highway

Less-than-truckload (LTL) carrier Saia Inc. (NASDAQ: SAIA) announced after the close of trading on Monday that it has opened an expanded cross-dock terminal in Memphis, Tennessee.

The Johns Creek, Georgia-based carrier noted the new 200-door energy-efficient facility will employ almost 300 workers, a level similar to the terminal that it is replacing. The new location has a maintenance shop with eight bays, high-speed fueling capabilities and can “accommodate a significant expansion over time,”...

https://s29755.pcdn.co/news/saia-adds-terminal-capacity-again-memphis-expansion-complete

Forward’s less-than-truckload service added to more terminals

Forward Air truck on highway

Forward Air (NASDAQ: FWRD) continues to make good on its pledge to “not wait” and “remove ceilings” on the advancement of its growth initiatives.

In a Monday press release, the Greeneville, Tennessee-based trucking company said it was expanding its traditional less-than-truckload (LTL) offering to include Columbia, Missouri, and Roanoke, Virginia. The company plans to offer the service out of its existing final-mile terminals in those two markets.

The carrier first laid out plans to offer LTL...

https://s29755.pcdn.co/news/forwards-less-than-truckload-service-added-to-more-terminals

The Daily Dash: Roadrunner exits truckload business and a startup designs road for autonomous vehicles

Roadrunner leaves truckload space

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Roadrunner Transportation has fully exited the truckload business, and a startup hopes to build a road for autonomous vehicles only. Plus, NFI makes a large acquisition, and taking a cross-country trip with the head of NATSO.

Don’t call us a truckload carrier

Roadrunner Transportation Systems Inc. (OTC: RRTS) no longer operates in the truckload space. The troubled carrier has completely divested its...

https://www.freightwaves.com/news/the-daily-dash-roadrunner-exits-truckload-business-and-a-startup-designs-road-for-autonomous-vehicles

The Daily Dash: Roadrunner, Hurricane Hanna and robots

Roadrunner transportation truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Roadrunner continues its revamp with the spinoff of its Ascent Global Logistics business. Plus, Hurricane Hanna leaves its mark on Texas, carriers score a court win in an arbitration fight, and e-commerce robots arrive.

Just a little trim

Roadrunner Transportation Systems Inc. (OTC: RRTS) will spin off its Ascent Global Logistics business as it continues to revamp its operations. The move should...

https://s29755.pcdn.co/news/the-daily-dash-roadrunner-hurricane-hanna-and-robots

Roadrunner breakup; refocus moves forward

Roadrunner truck on highway

Roadrunner Transportation Systems Inc. (OTC: RRTS) announced plans to spin-off its Ascent Global Logistics unit in August. The planned deal would create two separate companies – Roadrunner Transportation Systems, Inc. with less-than-truckload (LTL) and truckload (TL) freight divisions and privately-held Ascent Global Logistics, Inc.

While the company’s new capital structure hasn’t been finalized, Roadrunner’s credit facility with BMO Harris Bank (NYSE: BMO) will be terminated and the entity is...

https://www.freightwaves.com/news/roadrunner-breakup-refocus-moves-forward

Roadrunner expanding less-than-truckload network

Roadrunner truck on highway

Roadrunner Transportation Systems Inc. (OTC: RRTS) announces “significant” expansion in its less-than-truckload (LTL) division. The company announced plans in a July 16 press release to add three new LTL service centers in Chicago, Philadelphia and Riverside, California.

The Downers Grove, Illinois-based company said the new facilities are expected to come online this summer, adding 169 dock doors to its network.  

“These network changes are part of a broader effort within Roadrunner Freight to...

https://www.freightwaves.com/news/roadrunner-expanding-less-than-truckload-network