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Slide #53. Roadrunner Transportation Systems, Inc. — Wando Trucking
Roadrunner Transportation Systems, Inc. (NYSE:RRTS)
Roadrunner Transportation Systems, Inc. (NYSE:RRTS) announced today that it has acquired all of the outstanding stock and the Charleston, South Carolina property of Wando Trucking ("Wando"), a provider of intermodal transportation and related services in the Southeast. Wando primarily transports imports and exports including raw rubber, building materials, paper, and plastics from the ports of Charleston, South Carolina and Savannah, Georgia. The purchase price was approximately $9.0 million. 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.
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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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