Roadrunner Transportation Systems (RRTS) Reports Q1 Revenues Below Estimates
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Roadrunner Transportation Systems Reports First Quarter 2019 Results
May 7, 2019 6:00 AM EDTRevenue decline in first quarter 2019 primarily due to expected market moderation in ground expedite compared to peak demand in first quarter 2018 and lower volumes in Less-Than-Truckload (LTL) segment due primarily to planned service area reductions LTL segment improved Adjusted EBITDA as a result of restructuring efforts Truckload & Express Services (TES) and Ascent Global Logistics (Ascent) segments earned marginally lower Adjusted EBITDA due to difficult comparisons Capital structure improvements completed during the quarter enabling increased investments in all three segments Adding new board... More
