roadrunner

Roadrunner adds more direct lanes, improves service times

A Roadrunner labeled trailer on the highway

Less-than-truckload provider Roadrunner (OTC: RRTS) announced the addition of five direct service lanes to its metro-to-metro network on Thursday. The company said it also improved transit times on many of the lanes it serves.

The new lanes include: Phoenix to Chicago; Detroit to Dallas; Indianapolis to Atlanta; St. Louis to Dallas; and Cincinnati to Atlanta. Further, service times in 66 lanes were reduced by at least one day.

“This improvement arrives just in time for summer to benefit our many...

https://www.freightwaves.com/news/roadrunner-adds-more-direct-lanes-improves-service-times

Roadrunner ups driver pay, incentives

New Roadrunner logo on rig

Less-than-truckload provider Roadrunner (OTC: RRTS) announced Tuesday a second pay increase for drivers in 2022 as well as a new incentive program.  

Under the new terms, driver teams will see a 20-cent-per-mile bonus, a 4-cent-per-mile increase in network minimum pay and a 25-cent-per-mile hike to deadhead rates. Drivers will also see a 10-cent-per-gallon improvement in fuel discounts with Roadrunner’s preferred partners.

The changes went into effect Monday.

Roadrunner runs an asset-light LTL...

https://www.freightwaves.com/news/roadrunner-ups-driver-pay-incentives

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...

https://s29755.pcdn.co/news/roadrunner-50m-equity-raise-led-by-globaltranz-emerge-founder-leto

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