A federal grand jury in Nebraska recently indicted two former trucking employees of Roadrunner Temperature Controlled, alleging the pair orchestrated an elaborate wire fraud scheme to defraud the company out of nearly $113,000.
Amy Shepherd, 42, of Oxford, Kansas, and Johnny Bradford II, 50, of Lancaster, California, were charged with four counts of wire fraud on Jan. 19, according to a grand jury indictment filed in the U.S. District Court for the District of Nebraska.
According to the...
The former CFO of Illinois-based Roadrunner Transportation Systems was sentenced to two years in prison on Tuesday for his role in a complex securities and accounting fraud scheme that cost its shareholders approximately $245 million.
U.S. District Judge Matthew F. Kennelly also sentenced Peter R. Armbruster, 62, of Milwaukee, to one year of probation after he is released from prison.
A federal jury found Armbruster guilty on four counts, including securities fraud, misleading Roadrunner’s...
The former CFO of Roadrunner Transportation Systems was convicted of violating federal securities laws in a complex, $245 million securities and accounting fraud scheme.
A federal jury convicted Peter R. Armbruster, 62, of Milwaukee, on four counts, including securities fraud, misleading Roadrunner’s auditors and two counts of falsifying Illinois-based Roadrunner’s books and records.
The jury rendered its verdict on Thursday following a 14-day trial in the U.S. District Court for the Eastern...
Roadrunner Transportation Systems Inc. (OTC: RRTS) announced it has completely exited the truckload (TL) business. The unwinding includes divesting three TL units, including Rich Logistics, which was sold to an “undisclosed strategic buyer” and reefer unit, Roadrunner Temperature Controlled, which was purchased by Laurel Oak Capital Partners.
The Downer’s Grove, Illinois-based company’s Monday press release follows several actions recently undertaken to stem financial losses and refocus efforts...
https://s29755.pcdn.co/news/roadrunner-sells-off-remaining-truckload-units-adds-former-celadon-head
Not to be outdone by recent expansion announcements from competitors, less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) is expanding its regional next-day service.
In a Wednesday press release, the Overland Park, Kansas-based carrier said the addition of more lanes in the mid-South and Waco, Texas, is part of its network restructuring.
“Through Regional Next-Day service, our customers in Texas and the mid-South can access just-in-time scheduling that offers benefits of lowered...
https://s29755.pcdn.co/news/yrc-announces-next-day-expansion-as-less-than-truckload-market-heats-up