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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:36 EDTRRTSRoadrunner completes reorganization of management team
Roadrunner Transportation Systems announced the appointment of a president for each of its three business segments. Grant Crawford joins Roadrunner as President of the company’s Less-than-Truckload segment, Patrick McKay has been promoted to President of Truckload Logistics and Kevin Charlebois has been promoted to President of Transportation Management Solutions. The three new segment presidents will report to Brian van Helden, COO. These appointments complete the reorganization of Roadrunner’s executive management team, a transition that began in January 2014 with the promotion of van Helden to COO. With the promotion of McKay and Charlebois, the addition of Crawford, and the previously announced appointment of Mark Peterson to Executive Vice President of Sales in June, the company’s executive management team now has seven members. Other executive officers are Mark DiBlasi, President and Chief Executive Officer, Brian van Helden, COO and Peter Armbruster, CFO.
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July 21, 2014
08:36 EDTRRTSRoadrunner acquires Integrated Services for $13M
Roadrunner Transportation (RRTS), announced that it has acquired Integrated Services, ISI Logistics and ISI Logistics South, collectively, Integrated Services. The total purchase price was $13M and was financed with borrowings under Roadrunner’s credit facility. In 2013, Integrated Services generated revenues of approximately $21M. Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.

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