CUDAHY, WI—January 26, 2017— Roadrunner Freight, the Less-Than-Truckload ("LTL") carrier owned by Roadrunner Transportation Systems (NYSE: RRTS), today announced significant improvements to its service standards, impacting 155 lanes across 18 major markets, including San Francisco, Seattle, Chicago, Atlanta, Houston and Indianapolis, to name a few. The new lane enhancements enable Roadrunner Freight, a Top 20 national LTL provider, to expedite nearly 30,000 shipments each month, ensuring delivery one to two days earlier than previously available. These enhancements are currently in effect and will begin benefitting Roadrunner Freight customers immediately. Along with the lane enhancements, Roadrunner Freight also today announced an expansion to its executive leadership team with the appointment of Frank Hurst as senior vice president of sales and marketing.
"As part of our "Less-Than-Truckload. More-Than-Expected™" mission, these service standards improvements demonstrate that we are walking the talk," said Grant Crawford, President of Roadrunner Freight. "Building upon our rebranding, which we announced this past November, these enhancements and the addition of senior level staff, including the recent appointment of industry veteran Frank Hurst, are just the first step in our plan to further differentiate ourselves as the ideal cost-effective LTL option in the industry."
Hurst brings extensive experience within the industry to his new role with Roadrunner Freight. Having held multiple leadership positions, Hurst spent 16 years at FedEx Freight, was responsible for the turnaround and transition of the US LTL business at Vitran Express and most recently served as vice president/general manager for North American Corporation.
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"This change is a significant initiative affecting nearly 20 percent of our total shipments. We're improving our transport times by one-day in major markets and in some markets, we will improve by two days. Best of all, we're doing so without increasing costs for our customers, which support our charge of providing our customers more than expected in 2017." Crawford concluded.
The Roadrunner Freight business model allows for expansion and enhancements without traditional inefficiencies and costs, giving the company the ability to pass those costing efficiencies on to its customers. The company has benchmarked current industry standards and is providing customers with increased speed, reliability and visibility while maintaining economical transportation costs.
About Roadrunner Transportation Systems, Inc.
Roadrunner is a leading asset-right transportation and asset-light logistics service provider offering a full suite of solutions under the Roadrunner and Ascent Global Logistics brands. The Roadrunner brand offers solutions including less-than-truckload, air and ground domestic and cross-border expedite, dry van and temperature controlled truckload logistics and intermodal services. The Ascent Global Logistics brand offers domestic freight management, international freight forwarding and retail consolidation. For more information, please visit Roadrunner's website, www.rrts.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, that relate to future events or performance. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. In particular, this press release contains forward-looking statements about improvements to Roadrunner Freight's service standards and its plan to further differentiate itself as the ideal cost-effective LTL option in the industry. These statements reflect Roadrunner's current expectations, and Roadrunner does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized, except as required by law. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond Roadrunner's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to one or more significant claims and the cost of maintaining insurance, including increased premiums and insurance in excess of prior experience levels; the cost of compliance with, liability for violations of, or modifications to existing or future governmental regulations; the effect of environmental regulations; a decrease in the levels of capacity in the over-the-road freight sector; Roadrunner's ability to execute its acquisition strategy and to integrate acquired companies; Roadrunner's international operations; Roadrunner's indebted
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