Roadrunner to spin off freight forwarding unit as makeover continues

Roadrunner to spin off freight forwarding unit as makeover continues

Roadrunner has been known to be the lowest rated LTL carrier in the US (along with Central Transport) and hopefully this will better their posture in the forwarding and LTL arena. 

Troubled trucking carrier Roadrunner Transportation Systems Inc. today unveiled a plan to split the company into two units as it continues to rebuild itself into a profitable venture after a 2018 accounting scandal.

The move will transform Roadrunner into two independent companies: Roadrunner Freight—a national less than truckload (LTL) carrier—and Ascent Global Logistics, a diversified global logistics provider, the Downers Grove, Illinois-based company said. The plan to spin off Ascent Global Logistics is expected to be completed in August 2020, pending approval by Roadrunner’s board of directors and certain tax and legal considerations.

Continue to article https://www.dcvelocity.com/articles/46663-roadrunner-to-spin-off-freight-forwarding-unit-as-makeover-continues