Roadrunner Transportation Systems Inc - RRTS stock
Overview
Roadrunner Transportation Systems, Inc. (OTC: RRTS) is a leading transportation and asset-light logistics service provider in the United States. The company offers comprehensive LTL shipping solutions for a wide range of freight types across the country, with long-haul national and regional lanes offering 13-day transit points. It also provides next-day delivery services to metro areas served by its brick-and-mortar facilities.
Roadrunner has approximately 36 service centers, 968 independent contractors, 975 tractors, and over 2,250 trailers at its disposal to deliver these services. The company's expansive infrastructure helps achieve timely deliveries for customers across the United States.[1]
Roadrunner Transportation Systems is headquartered in Downers Grove, IL, and is comprised of more than 1,000 team members. Through partnerships with carriers, rail providers, and third-party logistics companies, it can provide customers access to major metro areas within the US.[2]
Prospero Staff Capital has a majority ownership interest in Roadrunner, which was acquired from affiliates controlled by Elliott Investment Management L.P., with Elliott retaining a minority stake.[3]
Operations
Roadrunner Transportation Systems, Inc. is a freight management solutions provider that operates through fits distinct segments: Ascent Transportation Management (Ascent TM), Ascent On-Demand (Ascent OD), Less-than-Truckload (LTL), and Truckload (TL). Its services cover freight management needs such as asset-backed truckload brokerage, specialized/heavy haul, LTL shipment execution, carrier rate negotiations for LTL shipments, access to its transportation management system, and freight payment.[2]
The company provides air and ground expedite services for transporting automotive and industrial parts, paper products, steel, frozen foods, refrigerated goods such as dairy, poultry, and meat products, and consumer goods like foods and beverages. It also arranges the pickup and delivery of Truckload freight through its 30 Truckload service centers in the US. Dry van truckload and temperature-controlled truckload services are provided through its warehouse services. LTL shipments can be picked up, consolidated, line hauled, and delivered through its service centers in the US and Canada, along with around 140 third-party delivery agents.[4]
International air and ocean freight forwarding, customs brokerage, regulatory compliance, project management, order management, and retail consolidation services are also provided. The company network consists of independent brokers, company brokers, and sales representatives which offer services under the Roadrunner and Ascent Global Logistics brands.[4]
Network
Roadrunner Transportation Systems has a large network of services, combining elements from the origin consolidation style and hub and spoke models to provide customers with competitive transit times.[2]
Its long-haul LTL freight lanes offer nationwide coverage for inbound and outbound LTL shipments, serving many major metros across the US.[5]
Long Haul Network
The company network offers a hybrid model of direct loading and nightly shuttles to provide the best service possible at competitive transit times. Its long-haul network helps ensure its freight arrives on schedule and gets where it needs to be.[5]
Roadrunner Transportation Systems offers competitive regional lanes for LTL freight that provide 1–3-day transit points. Its extensive network consists of 21 brick-and-mortar locations, with each lane engineered to support regional moves while still acting as part of its larger long-haul network. Cut times are set in order to ensure the safe arrival of goods at the necessary destination on time.[6] Additionally, it offers next-day delivery services using over 450 local independent contractors dedicated to delivering freight to local destinations near major metros.[7]
- ↑ FT Equities. RRTS Stock Profile. Accessed on 12/18/2022.
- ↑ 2.0 2.1 2.2 Shiproadrunnerfreights.com. About Us. Its Network. Accessed on 18/12/2022.
- ↑ PR Newswire. Prospero Staff Capital Acquires Majority Ownership in Roadrunner from Elliott Management. November 22, 2024.
- ↑ 4.0 4.1 MarketBeat. RRTS stock. September 23, 2022.
- ↑ 5.0 5.1 Shiproadrunnerfreights.com. LTL services. Long-Haul. Accessed on 18/12/2022.
- ↑ Shiproadrunnerfreights.com. LTL services. Regional. Accessed on 18/12/2022.
- ↑ Shiproadrunnerfreights.com. LTL services. Next Day. Accessed on 18/12/2022.
OTC Symbol: RRTS | OTC Tier: Pink Limited
