DOWNERS GROVE, Ill.,
May 16, 2018 /PRNewswire/
-- Roadrunner Transportation Systems ("Roadrunner" or "the
Company") (NYSE: RRTS), announced today the integration of
Active Aero Group, USA Jet and
Rich Logistics to unify the company's time definite ground and air
transportation operations. Although all three legal entities will
continue to exist, they will now be integrated and operate under
one management team. The integrated business will go to market as
Active On-Demand® powered by Rich Logistics and
USA Jet. On a combined basis this
business platform has annual revenue in excess of $760 million with over 450 customers, nearly
1,000 drivers and pilots and over 625 other team members in 13
locations throughout the United
States and Mexico.
Active On-Demand will continue to deliver time and mission
critical supply chain confidence for some of the nation's best
known and successful manufacturing, distribution and consumer
products companies. The combination of truck and aircraft
fleets will provide customers with an expanded, more powerful
logistics network for enhanced coverage across the United States and Mexico.
"We are proud to announce further progress on our continuing
strategy of more fully integrating successful companies into larger
business platforms," said Michael
Gettle, President of Roadrunner. "Between Active On-Demand,
USA Jet and Rich Logistics we have
an extremely successful team that delivers reliability,
dependability and precision. By combining the power of these teams,
we will be able to better serve the nation's largest supply chain
operations with multi-modal mission critical transportation
support."
Tom Stenglein, President at
Active Aero Group, and Shannon
Everett, Chief Operations Officer at Rich Logistics, will
expand their leadership responsibilities. Management teams in both
organizations will take on expanded roles within the new
organizational structure.
"Both Active On-Demand and Rich Logistics are extremely well
respected in the world of mission critical freight transportation.
We have optimized processes and empowered the best people to ensure
velocity and precision that keep lean supply chains functioning
efficiently," said Tom Stenglein.
"One of the things we are most excited about is the power of our
combined technologies. The integration of our technology platforms
will not only benefit our customers but also our team members and
drivers by improving efficiency and ensuring industry leading
on-time performance."
Shannon Everett added, "This
integration will provide a powerful asset backed solution for all
of our customers' logistics needs. The combination of ground
assets at Rich Logistics and air assets at USA Jet will give Active On-Demand an
unprecedented capability to guarantee coverage of scheduled and
unscheduled supply chain requirements."
The newly combined Active On-Demand entity will have five key
areas of expertise including Scheduled Truckload, Ground Expedite,
Air Charter, Hand Carry and International Airfreight.
Substantial work towards technology enhancements are already
underway with satellite asset-tracking and bid-board systems being
combined on one platform to provide seamless visibility across all
modes of transportation including scheduled truckloads, expedite
over-the-road and air charter services. The integrated technology
will continue to provide customers with real-time access to
market-driven pricing while simultaneously providing transparency
into shipment status and key milestones.
About Active On-Demand
Active On-Demand is a business
platform within Roadrunner's Truckload and Express Services segment
that provides premium mission critical air and ground
transportation solutions across North
America for companies that require high service and highly
reliable logistics. Committed to delivering time definite supply
chain solutions, Active On-Demand specializes in Scheduled
Truckload, Ground Expedite, Air Charter, Hand Carry and
International Airfreight services. For more information, please
visit the Active On-Demand website
www.rrts.com/active-on-demand.
About Roadrunner Transportation Systems, Inc.
Roadrunner Transportation Systems is a leading asset-right
transportation and asset-light logistics service provider offering
a full suite of solutions under the Roadrunner®, Active
On-Demand® and Ascent Global Logistics®
brands. The Roadrunner brand offers less-than-truckload,
temperature controlled and intermodal services. Active On-Demand
offers premium mission critical air and ground transportation
solutions. Ascent Global Logistics offers domestic freight
management, retail consolidation, international freight forwarding
and customs brokerage. For more information, please visit
Roadrunner's websites, www.rrts.com and www.ascentgl.com.
Safe Harbor Statement
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which relate to future
events or performance. Forward-looking statements include, among
others, statements regarding the ability to strengthen its
brokerage capabilities, future revenue and customer count, plans
for offices and expansion of IT resources. These statements are
often, but not always, made through the use of words or phrases
such as "may," "will," "anticipate," "estimate," "plan," "project,"
"continuing," "ongoing," "expect," "believe," "intend," "predict,"
"potential," "opportunity," and similar words or phrases or the
negatives of these words or phrases. These forward-looking
statements are based on Roadrunner's current assumptions,
expectations and beliefs and are subject to substantial risks,
estimates, assumptions, uncertainties and changes in circumstances
that may cause Roadrunner's actual results, performance or
achievements, to differ materially from those expressed or implied
in any forward-looking statement. Such factors include, among
others, risks related to Roadrunner's ability to integrate
operating companies, the restatement of Roadrunner's previously
issued financial statements, the remediation of Roadrunner's
identified material weaknesses in its internal control over
financial reporting, the litigation resulting from the restatement
of Roadrunner's previously issued financial statements and the
other risk factors contained in Roadrunner's SEC filings, including
Roadrunner's Annual Report on Form 10-K for the year ended
December 31, 2016. Because the risks,
estimates, assumptions and uncertainties referred to above could
cause actual results or outcomes to differ materially from those
expressed in any forward-looking statements, you should not place
undue reliance on any forward-looking statements. Any
forward-looking statement speaks only as of the date hereof, and,
except as required by law, Roadrunner assumes no obligation and
does not intend to update any forward-looking statement to reflect
events or circumstances after the date hereof.
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SOURCE Roadrunner Transportation Systems, Inc.