Roadrunner Transportation Systems Reports Third Quarter 2019 Operating Results
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Roadrunner Transportation Systems (RRTS) Reports Q3 Revenues of $459.1M
November 6, 2019 6:34 AM ESTRoadrunner Transportation Systems (NYSE: RRTS) reported Q3 revenue for the quarter came in at $459.15 million versus the consensus estimate of $380.6 million.
Revenue and Adjusted EBITDA declined in 2019 third quarter primarily due to continued lower market demand and rates amplified by the strike at the companys largest customer, General Motors, which reduced revenue by approximately $17 million in September and an estimated $31 million in OctoberMalware attack was successfully managed; quarantined servers and applications primarily impacted the LTL segment which reduced revenue by approximately $7 million in September and an estimated $3 million in OctoberPeakTM... More