Roadrunner Transportation Systems Announces Common Stock Offering

Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics services provider, has announced that it has commenced a public offering of 3,500,000 shares of common stock, of which 1,500,000 shares are being offered by the Company and 2,000,000 shares are being offered by selling stockholders.

The selling stockholders will grant the underwriters in the offering an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed.

The Company expects to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving line of credit and for other general corporate purposes.

Electronic copies of the prospectus and the preliminary prospectus supplement will be available on the Securities and Exchange Commission’s Web site at www.sec.gov.

About Roadrunner Transportation Systems, Inc.

The Company is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions, freight consolidation, inventory management, expedited services, international freight forwarding, customs brokerage, and comprehensive global supply chain solutions.

Category: General Update