ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Regulation FD Disclosure
Item 7.01.
ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Regulation FD Disclosure
Home SEC Filings ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Files An 8-K Regulation FD Disclosure
Roadrunner Transportation Systems, Inc. (the “Company”) changed its segment reporting effective April 1, 2019, when the Chief Operating Decision Maker (“CODM”), the Company’s Chief Executive Officer, began assessing the performance of the Active On-Demand air and ground expedite business separately from its truckload businesses. Based on this information, the Company has determined that it has four segments: Ascent Global Logistics (“Ascent”), Active On-Demand, Less-than-Truckload (“LTL”) and Truckload (“TL”).
The information contained herein is being furnished to provide summary financial information and historical data for the annual periods ended December 31, 2017 and 2018; the first, third and fourth quarterly periods in fiscal 2018; and the first quarterly period in fiscal 2019 on a basis consistent with the Company’s new segments. While this financial data reflects the change in the Company’s segments, these changes have no effect on the Company’s historical consolidated results of operations.
The Company began to report results under the new segment reporting structure effective with the filing of its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019. That Quarterly Report on Form 10-Q included the results of the second quarterly period in fiscal 2018 under the new segment reporting structure.
The information contained in this Current Report in Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except if the Company expressly states that such information is to be considered “filed” under the Exchange Act or incorporates it by reference in such filing.
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Roadrunner Transportation Systems, Inc. Exhibit
EX-99.1 2 rrts-2019088xnewoperatings.htm EXHIBIT 99.1 Exhibit Exhibit 99.1(In thousands)Three Months Ended March 31,… To view the full exhibit click hereAbout ROADRUNNER TRANSPORTATION SYSTEMS, INC. (NYSE:RRTS) Roadrunner Transportation Systems, Inc. (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions. The Company operates through three segments: Truckload Logistics, Less-than-Truckload and Global Solutions. The Company utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers. |
