|Bid||7.21 x 800|
|Ask||12.00 x 900|
|Day's Range||7.15 - 7.54|
|52 Week Range||6.02 - 14.75|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 05, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
If you own shares in Roadrunner Transportation Systems, Inc. (NYSE:RRTS) then it's worth thinking about how it...
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: CHRW). The sale of Prime Distribution, which is part of Roadrunner's Ascent division, will be for $225 million in cash. At the end of the third quarter, according to Roadrunner's (NYSE: RRTS) 10-Q report filed with the SEC, the company had just $5.8 million in cash, down from $11.2 million at the end of 2018's third quarter.
Prime Distribution Services had $108.7 million in revenue in its most recent fiscal year and works with about 140 different customers.
Roadrunner Announces Agreement to Sell its Prime Distribution Services Business to C.H. Robinson
Roadrunner Freight, a business unit of Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") (NYSE: RRTS), has announced significant lane enhancements resulting in the reduction of transit times in 322 lanes across 29 major markets. The transit time improvements impact roughly 36 percent of the Roadrunner Freight network. In addition, as a direct result of network enhancements and weekend linehaul operations, shipments picked up on Thursdays and Fridays will deliver one to three days faster than before.
Roadrunner Transportation Systems Inc. (NYSE: RRTS) announced that its president and chief operating officer, Michael L. Gettle, is leaving the company. The transportation and asset-light logistics service provider said Gettle will remain with the company over the next few months to assist with the transition of his duties. Mike joined Roadrunner in 2016 and immediately had a positive impact on integrating our operations, establishing improved metrics and accountability and successfully guiding the company during some challenging times.
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced that it has sold its flatbed unit, which operates as D&E Transport based in Clearwater, Minnesota. The transportation and asset-light logistics service provider said that the sale of the unit for $30 million in cash was part of its ongoing restructuring plan aimed at focusing on core, less capital-intensive offerings like logistics and asset-light less-than-truckload (LTL) services. "The divestiture of the Flatbed business unit is another step forward in our strategy to simplify our portfolio by focusing on our value-added logistics and asset-light LTL segments," said Roadrunner's CEO Curt Stoelting.
Roadrunner Transportation Systems could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
Roadrunner Transportation Systems, Inc.'s (NYSE: RRTS) third quarter earnings report resembled a triage list citing everything from goodwill and asset impairments to a labor strike to a malware attack. On November 6, The company reported a $97.8 million net loss, or $2.60 per share, in the third quarter of 2019. Roadrunner reported a 14% decline in total revenue to $459 million.
Roadrunner Transportation Systems, Inc. (NYSE: RRTS ) announced the sale of its intermodal unit, Roadrunner Intermodal Services, to Universal Logistics Holdings, Inc . (NASDAQ: ULH ) for $51.25 million ...
WARREN, Mich., Nov. 5, 2019 /PRNewswire/ -- Universal Logistics Holdings, Inc. (ULH), a leading asset-light provider of customized transportation and logistics solutions, announced today its acquisition of Roadrunner Intermodal Services, LLC, Morgan Southern, Inc., Wando Trucking, LLC, and Central Cal Transportation, LLC (collectively, "Roadrunner Intermodal") from Roadrunner Transportation Systems, Inc. (RRTS). Roadrunner Intermodal is a nationwide drayage provider, servicing major port and rail locations throughout the United States. Operating a fleet of over 700 tractors, Roadrunner Intermodal services a broad range of customers utilizing a mix of company-owned and owner-operator provided capacity.
Roadrunner Freight (LTL) now offers RapidShip, enabling LTL customers to automate manual shipping processes DOWNERS GROVE, Ill. , Oct. 30, 2019 /PRNewswire/ -- Roadrunner Freight, a business unit of Roadrunner ...
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Roadrunner Transportation Systems' customer-centric approach continues to earn the organization awards, including Carrier of the Year, Supplier of the Year and more DOWNERS GROVE, Ill. , Oct. 16, 2019 ...
Truck drivers and employees for Rich Logistics were notified by letter on September 30 from the company's president that it was closing five terminals and significantly reducing its workforce at four locations. According to the Federal Motor Carrier Safety Administration's SAFER site, the company has nearly 520 truck drivers. The company, headquartered in Little Rock, Arkansas, stated the decision was reached "after carefully assessing our operations and anticipated corporate needs," according to the letter written by Shannon Everett, president of Rich Logistics.