Roadrunner

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 Freight, the LTL division of Roadrunner Transportation (NYSE: RRTS), is implementing changes in its operations that will reduce the company's transit times in 322 lanes across 29 markets, the company said this week. In an unusual public announcement — these sorts of changes tend not to...

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...

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...

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...

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...

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 in cash on November 5. Roadrunner continues to restructure in 2019. The company completed a re-...

Roadrunner Transportation Systems Inc. (NYSE: RRTS) announced that it has found a replacement for its chief financial officer role. Patrick (Pat) J. Unzicker has joined Roadrunner as executive vice president and CFO. Unzicker most recently served as senior vice president, CFO and treasurer the...

Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported another big loss in the second quarter of 2019 that was far worse than the consensus estimate, which called for break-even results. The asset-light logistics service provider reported a 14 percent decline in total revenue year-over-year...

Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced the departure of its Chief Financial Officer Terence R. Rogers effective at the end of August. The asset-light logistics service provider said, "Rogers' departure is not related to any issues or disagreement regarding the company's...

The former chief financial officer for Roadrunner Transportation has joined two other ex-financial executives from the company as defendants in a criminal action. According to both news reports and court documents, Peter Armbruster, the CFO, was indicted and arrested earlier this week in an action...