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ROADRUNNER TRANS SYS INC - RRTS STOCK NEWS

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Roadrunner Trans Sys Inc (RRTS) is a leading asset-right transportation and asset-light logistics service provider, offering a full suite of solutions under the roadrunner®, active on-demand®, and ascent global logistics® brands. The roadrunner team provides less-than-truckload, temperature-controlled, and intermodal services. The active on-demand team offers premium mission-critical air and ground transportation solutions. The ascent global logistics team offers domestic freight management, retail consolidation, international freight forwarding, and customs brokerage.

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Prospero Staff Capital has acquired majority ownership in Roadrunner from Elliott Investment Management, which will retain a minority stake. The transaction is led by Ted Kellner and Chris Jamroz, with Kellner being a long-term Roadrunner investor and founder of Fiduciary Management Inc. Jamroz, known for creating nearly $10 billion in shareholder value, plans to drive growth through new capital, strategic investments, and acquisitions. Roadrunner, now positioned as a premium long-haul carrier, has recently achieved industry-leading service levels and received multiple carrier awards, including recognition from Echo Global Logistics, GLT Logistics, and TQL.

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Roadrunner has been recognized as one of the highest-rated LTL carriers in the annual Mastio LTL survey, marking a significant comeback for the company. The recognition comes as Roadrunner launches outbound service from San Antonio and Laredo, Texas, expanding its strategic network.

Key highlights include:

  • Improved service quality with faster transit times on over 50 lanes
  • Expanded guaranteed product offering
  • Customer Value Index score of 100.18, surpassing industry leaders
  • 40-point surge in Net Promoter Score (NPS)
  • Focus on direct metro-to-metro LTL service
  • Streamlined operations and digitized network

Roadrunner's transformation involved overhauling its network, infrastructure, technology, and operations. The company's success is attributed to its data-driven decision-making and prioritization of service, quality, and speed.

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Roadrunner, a transportation company, has announced significant improvements to its services. The company has sped up transit times across 200+ lanes, opened 40+ new lanes, and tripled its Smart Guarantee service. The expanded Smart Guarantee ensures LTL shipments arrive on time, or they are free. Roadrunner's Weekend+ Advantage now offers 50 additional long-haul lanes for a total of 300, improving transit times by 1 to 3 days for shipments dispatched Wednesday through Friday.

Additionally, two Roadrunner employees, Shari Leon and Naomi Rivers, have been recognized with the 2024 Women in Supply Chain Awards for their contributions to the industry. The company has also received several service quality awards from multiple shippers, including the Platinum LTL Carrier Award from Echo Global Logistics, the Breakthrough Carrier of the Year Award from GLT Logistics, and the Elite Carrier Award from Total Quality Logistics (TQL).

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Roadrunner has announced an expansion of its Less-than-Truckload (LTL) service to Vancouver, Calgary, and Edmonton, building on a successful launch in Toronto and Montreal earlier this year.

This service will be available for all origin locations shipping to Seattle. The Seattle terminal, a top performer in Roadrunner's Operations Performance League, will serve as the consolidation point.

Recent strategic moves include creating Guaranteed Service lanes, opening a new Atlanta service center, and offering 1-day service between Southern California and Chicago. These efforts helped Roadrunner rank in the Journal of Commerce's Top 20 LTL Carriers list with significant revenue growth.

Roadrunner has received multiple awards for service quality, including the Platinum LTL Carrier Award from Echo Global Logistics and the Breakthrough Carrier of the Year Award from GLT Logistics.

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Roadrunner, a leading transportation company, has been awarded the 2023 Platinum LTL Carrier Award from Echo Global Logistics for its exceptional service, commitment, and performance. The award recognizes Roadrunner's impressive on-time performance, significant growth, and improvements in various service metrics. The company's strategic enhancements, including Guaranteed Service in select lanes and new service center openings, have contributed to its recognition and ranking in the JOC's Top 20 LTL Carriers List.
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Roadrunner Transportation's CEO, Chris Jamroz, wins the 2024 Pros to Know Award for leveraging the supply chain for competitive advantage. The award highlights his outstanding leadership in the industry.
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Roadrunner introduces new Smart Guarantee™ LTL service offering, ensuring on-time delivery or freight rides free. Shippers can take advantage of the guarantee for an additional 25% charge. Roadrunner has made significant service enhancements and plans to expand to Kansas City and Portland in the future. The company has also been recognized for its industry-leading on-time pickup and delivery percentages.
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Lori Blaney and Nathalie de Champlain of Roadrunner receive the 2023 Women in Supply Chain Award.
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FAQ

What is the current stock price of ROADRUNNER TRANS SYS (RRTS)?

The current stock price of ROADRUNNER TRANS SYS (RRTS) is $2.319 as of December 24, 2024.

What is the market cap of ROADRUNNER TRANS SYS (RRTS)?

The market cap of ROADRUNNER TRANS SYS (RRTS) is approximately 80.4M.

What services does Roadrunner Trans Sys Inc provide?

Roadrunner offers less-than-truckload, temperature-controlled, and intermodal services along with premium mission-critical air and ground transportation solutions and domestic freight management, retail consolidation, international freight forwarding, and customs brokerage.

What brands are associated with Roadrunner Trans Sys Inc?

Roadrunner operates under the roadrunner®, active on-demand®, and ascent global logistics® brands.

What recent achievements has Roadrunner Trans Sys Inc made?

Roadrunner has continuously optimized its routing with a Smart Network™, launched new lanes to Virginia and Las Vegas, and introduced the Smart Guarantee™ LTL service offering.

How does Roadrunner Trans Sys Inc ensure fast and reliable freight delivery?

Roadrunner moves freight over-the-road via the most-direct route possible with minimal handling by expert team members, resulting in industry-leading on-time pickup and delivery percentages.

What recognition has Roadrunner Trans Sys Inc received?

Roadrunner has been recognized as one of America's most trustworthy companies by Newsweek and has received awards for service quality, including the Most Improved LTL Carrier by Mastio.

What technology does Roadrunner Trans Sys Inc utilize?

Roadrunner leverages AI and ML technology in its operations platform to assure the integrity of custodial controls of freight and provide real-time tracking and visibility.

Where can I learn more about shipping with Roadrunner Trans Sys Inc?

Visit https://www.roadrunnerLTL.com to discover more about shipping with Roadrunner.

How can I explore career opportunities at Roadrunner Trans Sys Inc?

Explore sales, operations, and technology careers at Roadrunner by visiting https://www.shiproadrunnerfreight.com/careers/work-with-us/.

How can I join Roadrunner Trans Sys Inc as an Owner Operator or Team?

To drive for Roadrunner as an Owner Operator or Team, visit https://run4roadrunner.com/.

What sets Roadrunner Trans Sys Inc apart as a nationwide LTL carrier?

Roadrunner offers more direct long-haul metro-to-metro shipping than any other nationwide LTL carrier in the United States, providing industry-leading transit times and award-winning operations fueled by AI and ML technology.

ROADRUNNER TRANS SYS INC

OTC:RRTS

RRTS Rankings

RRTS Stock Data

80.41M
38.29M
0.41%
Trucking
Industrials
Link
United States of America
Downers Grove