RRTS

Roadrunner Transportation Services (RRTS), an asset-light conglomerate of logistics companies that collectively ranks as the 14th-largest less-than-truckload carrier in the nation with previously stated revenue in excess of $500 million, is caught in the middle of an accounting fiasco.

Asset-light transportation and logistics services provider Roadrunner Transportation Systems Inc. (RRTSA) recently announced service changes for how it handles less-than-truckload (LTL) shipments in Canada.

With an eye on meeting the needs of its Chicago-area shipper customers, asset-light transportation and logistics services provider Roadrunner Transportation Systems Inc. (RRTS) said this week that it has expanded its LTL (less-than-truckload) service in Chicago.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems’ (RRTS) international freight forwarder and customs brokerage subsidiary Marisol International said last week it opened a new office in El Paso, Texas. Marisol said this new office will be operated as and function through a partnership with its corporate sibling Stagecoach Cartage and Distribution LLC, which is also owned by RRTS.

The Cudahy, Wis.-based company said it has refocused its LTL network standards as part of a move to further enhance service consistency, which it said will provide customers with better visibility to delivery dates and better work and collaborate with RRTS to better manage supply chain operations and economically manage transportation costs.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) said this week it has acquired El Paso, Texas-based Stagecoach Cartage and Distribution for $35 million along with an earn-out at $5 million.

RRTS said yesterday it has entered into a definitive merger agreement to acquire Belleville, Mich.-based Active Aero Group, a provider of ground and air expedited services through its proprietary TMS, for roughly $115 million, with the acquisition expected to close by the end of September.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems (RRTS) continues to remain highly active on the acquisition front, announcing yesterday it purchased Little Rock, Arkansas-based Rich Logistics, a provider of truckload and expedited services.

The Cudahy, Wisc.-based company announced yesterday it has acquired of the assets of Salisbury, Massachusetts-based refrigerated truckload service provider YES Trans Inc. for roughly $1.2 million, net of cash acquired, plus an earn out capped at $1.1 million.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems (RRTS) said this week it has acquired all of the outstanding equity of Batesville, Arkansas-based G.W. Palmer Logistics LLC, a non-asset truckload service provider.

Roadrunner Transportation Systems (RRTS) said last week it has acquired certain assets of the Southeast drayage division of Transport Corporation of America (TA Drayage), a provider of intermodal transportation and related services in the Southeast.

LM Group News Editor Jeff Berman recently spoke with Roadrunner Transportation Systems Inc. President and CEO Mark DiBlasi about the company's acquisition strategy and market trends.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) is at it again, with the company announcing this week it has acquired all of the outstanding membership interests of Springfield, Missouri-based Marisol International LLC, a non asset-based supply chain-critical, provider of international logistics services.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) continues to stay true to its theory of growth by acquisition, saying yesterday it has brought two new companies into the fold: Adrian Carriers, a Milan, Illinois-based logistics service provider focusing on container management and intermodal, and Wando Trucking, a Charleston, South Carolina-based provider of intermodal services and related services in the Southeast.

RRTS continues to remain active on the acquisition front with today’s announcement that it has acquired all of the outstanding stock of Central Cal Transportation, a provider of intermodal transportation and related services from the Northern California region.