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Roadrunner Posts Second-Quarter Profit

8/4/2011 11:15:00 AM

Roadrunner Transportation Systems reported a second-quarter profit, compared with a loss a year ago, on higher freight revenue.

Net income was $7.4 million, or 24 cents a share, turning around the year-ago loss of $6.4 million, or 25 cents per share.

Roadrunner, which went public last year, said late Wednesday its revenue rose 30.4% to $208.3 million.

Less-than-truckload revenue rose 14.2% including fuel to $121.4 million. Truckload revenue jumped 82.7% to $68.7 million.

The truckload sector improvement was due primarily higher pricing and load growth, the expansion of its truckload brokerage agent network and the acquisitions of Morgan Southern and Bruenger Trucking.

The company said earlier this week it acquired The James Brooks Co., a drayage and intermodal transportation company that operates at the California ports of Oakland and Los Angeles/Long Beach.

Roadrunner is ranked No. 38 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

© 2010, Transport Topics Publishing Group. All rights reserved.


Roadrunner Posts Second-Quarter Profit (8/4/2011 11:15:00 AM)
Roadrunner Buys Calif. Intermodal Firm (8/2/2011 12:15:00 PM)
Roadrunner Buys Bruenger Trucking as Pace of Acquisitions Accelerates (6/6/2011 4:30:00 AM)
Roadrunner Buys Refrigerated Carrier Bruenger Trucking (6/1/2011 12:30:00 PM)
Roadrunner Reports Higher 1Q Profit (5/5/2011 10:30:00 AM)
Fourth-Quarter LTL Results Improve as Pricing, Truck Tonnage Gain (2/14/2011 5:00:00 AM)

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