Roadrunner Transportation 2nd Quarter Revenues Up 38.6%
Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, has reported that revenues for the quarter ended June 30, 2014 increased 38.6% to $460.2 million from $331.9 million for the quarter ended June 30, 2013.
Second quarter 2014 net income available to common stockholders was $14.8 million compared with $14.0 million in the prior year quarter.
In discussing the company’s second quarter performance, Mark DiBlasi, President and CEO of Roadrunner, said, “Our TL segment surpassed its previous record quarter for revenue by 19.0% and its previous record quarter for operating income by 34.2%. Our TMS segment surpassed its previous record quarter for revenue by 44.5% and its previous record quarter for operating income by 31.4%.”
The company further noted that revenues for TL, its largest revenue segment, grew by $69.6 million, or 43.1%, during the second quarter of 2014 from the prior year second quarter.
Category: General Update
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