Key Developments: Roadrunner Transportation Systems Inc (RRTS.K)

RRTS.K on New York Consolidated

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17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Roadrunner Transportation Systems Inc announces acquisition of Unitrans International
Friday, 14 Mar 2014 03:40pm EDT 

Roadrunner Transportation Systems, Inc:Acquires all of the outstanding stock of Unitrans International Corporation, a non-asset based provider of international logistics solutions based in Los Angeles, California.Purchase price of $55.5 mln was financed by borrowings under Roadrunner's credit facility.  Full Article

Roadrunner Transportation Systems Inc announces acquisition of Rich Logistics
Monday, 24 Feb 2014 03:40pm EST 

Roadrunner Transportation Systems Inc: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").Total enterprise value of the transaction was about $48 million.  Full Article

Roadrunner Transportation Systems Inc issues Q1 2014 guidance; EPS guidance below analysts' estimates
Wednesday, 5 Feb 2014 04:01pm EST 

Roadrunner Transportation Systems Inc:Expects Q1 2014 revenue to be in the range of $350-$375 mln.Expects Q1 2014 diluted EPS in the range of $0.27-$0.30.Q1 2014 EPS of $0.33 - Thomson Reuters I/B/E/S.  Full Article

Roadrunner Transportation Systems Inc Issues Q4 2013 Guidance; EPS Guidance Below Analysts' Estimates
Wednesday, 30 Oct 2013 04:01pm EDT 

Roadrunner Transportation Systems Inc announced that for fourth quarter of 2013, it expects revenue to be in the range of $345 million to $370 million, representing an increase of 17% to 25% from the fourth quarter of 2012. Diluted income per share available to common stockholders to be between $0.31 and $0.35, compared to diluted income per share available to common stockholders of $0.29 in the prior year quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.36 for fourth quarter of 2013.  Full Article

Roadrunner Transportation Systems Inc Announces Acquisition of YES Trans, Inc
Wednesday, 18 Sep 2013 04:00pm EDT 

Roadrunner Transportation Systems Inc announced that it has acquired substantially all of the assets of YES Trans, Inc. (YES), a refrigerated truckload service provider based in Salisbury, Massachusetts. YES primarily transports meat and produce between the Northeast and the Midwest and Southeast. The purchase price was approximately $1.2 million, net of cash acquired, plus an earn-out capped at $1.1 million. The acquisition was financed with Roadrunner`s cash on hand.  Full Article

Roadrunner Transportation Systems Inc Announces Acquisition of G.W. Palmer Logistics
Wednesday, 11 Sep 2013 04:52pm EDT 

Roadrunner Transportation Systems Inc 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 credit facility.  Full Article

Roadrunner Transportation Systems Inc Announces Acquisition Of Southeast Drayage Division Of Transport America
Thursday, 15 Aug 2013 04:03pm EDT 

Roadrunner Transportation Systems Inc announced that it has acquired certain of the assets of the Southeast drayage division of Transport Corporation of America, Inc. (TA Drayage), a provider of intermodal transportation and related services in the Southeast. TA Drayage primarily transports imports and exports for steamship lines and intermodal marketing companies from the ports of Charleston, South Carolina, Norfolk, Virginia and Savannah, Georgia. TA Drayage also services the rail ramps of Atlanta, Georgia, Memphis, Tennessee and Birmingham, Alabama. The purchase price was approximately $1.2 million. The acquisition was financed with Roadrunner`s cash on hand.  Full Article

Roadrunner Transportation Systems Inc Announces Pricing of Common Stock Offering
Tuesday, 13 Aug 2013 09:44pm EDT 

Roadrunner Transportation Systems Inc announced that it priced a public offering of 4,300,000 shares of common stock, an increase over the Company's previously announced public offering of 3,500,000 shares, at a price of $27.00 per share to the public. A total of 1,500,000 shares are being sold by the Company and 2,800,000 shares are being sold by selling stockholders. The selling stockholders have granted the underwriters in the offering an option to purchase up to 645,000 additional shares of common stock at the same price per share to cover any over-allotments. The offering is expected to close on August 19, 2013. The Company expects to receive net proceeds from the offering of approximately $38.0 million after deducting the underwriting discount and estimated expenses of the offering. The Company expects to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving line of credit and for other general corporate purposes. Robert W. Baird & Co. Incorporated, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are serving as the book-running managers for the offering. BB&T Capital Markets, a division of BB&T Securities, LLC, is serving as co-managing underwriter for the offering.  Full Article

Roadrunner Transportation Systems Inc Announces Common Stock Offering
Tuesday, 13 Aug 2013 06:30am EDT 

Roadrunner Transportation Systems, Inc. announced that it has commenced a public offering of 3,500,000 shares of common stock, of which 1,500,000 shares are being offered by the Company and 2,000,000 shares are being offered by selling stockholders. The selling stockholders will grant the underwriters in the offering an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed. The Company expects to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving line of credit and for other general corporate purposes.  Full Article

Roadrunner Transportation Systems Inc Issues Q3 2013 Revenue Guidance; Earnings Guidance In Line With Analysts' Estimates
Wednesday, 31 Jul 2013 04:02pm EDT 

Roadrunner Transportation Systems Inc announced that for third quarter of 2013, it expects revenues to be in the range of $355 million to $380 million, diluted income per share (EPS) available to common stockholders to be between $0.36 and $0.39, net income available to common stockholders to be between $13.4 million and $14.6 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.39, net income of $14.5 million for third quarter of 2013.  Full Article

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