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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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Roadrunner has announced the launch of inbound service to Denver, CO, as part of its Smart Network™ expansion, marking the company's first new market opening in years. This move follows recently reduced transit times across 130 major lanes and the introduction of next-business-day service between SoCal and Chicago. Roadrunner emphasizes its commitment to customer service through optimized direct routes that minimize freight rehandling. Future expansions are planned for Kansas City and Portland. Recently, the company has been recognized for its service quality, receiving the Most Improved LTL Carrier award and accolades from Newsweek.

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Roadrunner has been recognized as a "2022 Innovator" by Commercial Carrier Journal for its innovative solutions in the trucking industry. The company was awarded at the Innovators Summit held on February 15, 2023, in Key Largo, FL. Roadrunner's technology, including the advanced Haul Now™ platform, has significantly improved shipping processes, reducing transit times by up to 4 days across 130 lanes. The company has also been recognized by Newsweek as one of America's Most Trustworthy Companies and awarded Most Improved LTL Carrier by Mastio. This acknowledgment reflects Roadrunner's commitment to operational excellence and customer service in the logistics sector.

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Roadrunner, a leader in the LTL freight sector, has been awarded the Elite Carrier Award by Total Quality Logistics (TQL) during the SMC3 event in Atlanta. This recognition highlights the company's on-time service and improved transit times, reducing delivery times by 1 to 4 days across 130 major lanes. Roadrunner also launched its new Haul Now™ app for real-time tracking. The award demonstrates Roadrunner's commitment to optimizing its operations and enhancing customer service through advanced technology. The firm has been recognized as one of America's most trustworthy companies and continues to stand out in the competitive logistics market.

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Roadrunner announced major improvements to its logistics network, reducing transit times by 1 to 4 days across 130 major lanes and launching a 1-day service between Chicago and SoCal. The new Load Plan 2.0, powered by a proprietary Machine-Learning algorithm, enhances operational efficiency, offering more direct long-haul shipping. Customers gain real-time shipment tracking through the new Haul Now app. Roadrunner was recognized by Newsweek as a trustworthy company and improved its Net Promoter Score by 26%. These enhancements reflect Roadrunner's commitment to optimizing LTL services and customer satisfaction.

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Roadrunner has launched its innovative Haul Now app, designed for long-haul owner-operators and teams. This free app allows drivers to schedule loads, track settlements, and optimize their earnings by driving more. With features similar to consumer ride-sharing apps, Haul Now enhances driver autonomy and reduces downtime. The app integrates GPS and advanced technology for real-time information. Roadrunner aims to empower its drivers, enhance service delivery, and has plans for future app versions. The company is recognized for its efficiency and was listed as one of America's Most Trustworthy Companies in 2022.

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Roadrunner has announced the addition of five direct service lanes, enhancing its less-than-truckload (LTL) network. This expansion includes routes between Phoenix and Chicago, Detroit to Dallas, Indianapolis to Atlanta, St. Louis to Dallas, and Cincinnati to Atlanta. The company has also improved transit times by at least one day across 66 key lanes. These enhancements stem from significant investments in technology and operations, leading to increased delivery speeds and reduced rail dependency.

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On June 16, 2022, Roadrunner announced that its Vice President of Capacity, Dave Renfrew, received the Industry Recruiting Professional of the Year award from Transport Topics. This accolade recognizes the company's efforts in enhancing driver relations, with a strong focus on recruiting veterans and female drivers. Roadrunner's unique less-than-truckload (LTL) network offers competitive earnings for owner-operator truck drivers, confirming the company's commitment to empowering entrepreneurs in the logistics sector.

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Roadrunner, a less-than-truckload carrier, has announced a second rate increase for 2022, effective March 14. This initiative includes substantial driver incentives aimed at improving compensation in a competitive logistics market. Key updates encompass a 20 cents per mile bonus for teams, a 4 cents per mile network minimum pay increase, a 25 cents per mile hike in deadhead rates, and a 10 cents per gallon fuel discount. The company also offers $10,000 signing bonuses for solo owner-operators. Additionally, Roadrunner unveiled a new logo, reflecting its commitment to transformation.

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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

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RRTS Stock Data

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