Roadrunner Transportation Systems (RRTS) Announces Sale of Its Intermodal Business to Universal Logistics Holdings (ULH)
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Roadrunner Announces Sale of Its Intermodal Business to Universal Logistics Holdings, Inc.
November 5, 2019 12:00 PM ESTDOWNERS GROVE, Ill.--(BUSINESS WIRE)-- Roadrunner Transportation Systems, Inc. (Roadrunner or the company) (NYSE: RRTS), a leading asset-right transportation and asset-light logistics service provider, today announced the sale of its Roadrunner Intermodal Services business to Universal Logistics Holdings, Inc. (NASDAQ: ULH), based in Warren, Michigan, for $51.25 million in cash, subject to customary purchase price and working capital adjustments.
Roadrunner Intermodal Services provides drayage and chassis management services to transport freight between ocean ports, rail ramps and shipping docks through 23 strategically located terminals nationwide. The business had revenue of approximately... More
