Roadrunner Transportation Systems Reports Second Quarter and First Half 2019 Results
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Roadrunner Transportation Systems (RRTS) Reports Q2 Revenues Below Consensus
August 7, 2019 6:08 AM EDTRoadrunner Transportation Systems (NYSE: RRTS) reported Q2 EPS of -$3.77. Revenue for the quarter came in at $480.7 million versus the consensus estimate of $531.5 million.
CEO Comments on Second Quarter Results
Challenging market conditions resulted in revenue and Adjusted EBITDA declines in the second quarter, primarily driven by low demand in air and ground expedited logistics at Active On-Demand. As we have stated in the past, Active On-Demand is a well-positioned logistics business that can exhibit short-term volatility. Historically, these variations moderate over longer periods and do not impact our ability to capture improved... More
