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Slide #38. Roadrunner Transportation Systems, Inc. — YES Trans, Inc.
Roadrunner Transportation Systems, Inc. (NYSE:RRTS)
YES Trans, Inc.
Roadrunner Transportation Systems, Inc. (NYSE:RRTS) announced today that it has acquired substantially all of the assets of YES Trans, Inc. ("YES"), a refrigerated truckload service provider based in Salisbury, Massachusetts. YES primarily transports meat and produce between the Northeast and the Midwest and Southeast. The purchase price was approximately $1.2 million, net of cash acquired, plus an earn-out capped at $1.1 million. The acquisition was financed with Roadrunner's cash on hand.
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.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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