Roadrunner Transportation Systems (RRTS) Reports Q3 Revenues of $459.1M
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Roadrunner Transportation Systems Reports Third Quarter 2019 Operating Results
November 6, 2019 6:00 AM ESTRevenue 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 October Malware 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 October PeakTM enterprise logistics technology platform implementation on track in Active On-Demand and Ascent segments; increased technology investments in LTL... More
