Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has announced that it has acquired Rich Logistics, a provider of truckload and expedited services based in Little Rock, Arkansas. In addition, Roadrunner acquired Everett Transportation Inc. and certain assets of Keith Everett (collectively, “Everett”). The total enterprise value of the transaction was approximately $48 million. Rich Logistics transports […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, has reported financial results for the three and nine months ended September 30, 2013. Third quarter 2013 net income available to common stockholders increased 34.0% over the prior year quarter to $13.2 million. Third quarter diluted income per share available to […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has announced that it has acquired all of the outstanding equity of G.W. Palmer Logistics, LLC (“G.W. Palmer”), a non-asset truckload service provider based in Batesville, Arkansas. The purchase price was approximately $2.5 million, plus an earn-out capped at $2.8 million. The acquisition was financed with borrowings under Roadrunner’s […]
