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Slide #17. Roadrunner Transportation Systems, Inc. — Central Cal Transportation
Roadrunner Transportation Systems, Inc. (RRTS)
Central Cal Transportation
Roadrunner Transportation Systems, Inc announced that it has acquired all of the outstanding stock of Central Cal Transportation ("Central Cal"), a provider of intermodal transportation and related services from the Northern California region. Central Cal transports primarily nuts, wine and retail import products. The purchase price was approximately $4 million plus an earnout. The acquisition was financed with borrowings under Roadrunner's credit facility.
Roadrunner Transportation Systems is an asset-right transportation and asset-light logistics service provider providing a suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. Co. has three segments: Truckload and Express Services, which provides air and ground expedite services, scheduled truckload services, intermodal services, temperature-controlled truckload services, and other truckload and logistics services; Less-than-Truckload (LTL), which involves the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments; and Ascent Global Logistics, which provides domestic freight management solutions.
Open the RRTS Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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