Roadrunner Transportation Systems Inc. (OTC: RRTS) announces “significant” expansion in its less-than-truckload (LTL) division. The company announced plans in a July 16 press release to add three new LTL service centers in Chicago, Philadelphia and Riverside, California.
The Downers Grove, Illinois-based company said the new facilities are expected to come online this summer, adding 169 dock doors to its network.
“These network changes are part of a broader effort within Roadrunner Freight to significantly invest in service,” stated Roadrunner Freight President Frank Hurst in the release.
Part of the corporate overhaul
The announcement follows the re-tooling initiatives the company has made throughout its LTL network; which include reducing transit times, expanding its shuttle service between service centers and regional hubs, adding weekend operations and implementing new dock automation.
The news is encouraging given the company's restructuring efforts, which have included selling off non-core units and even delisting from the New York Stock Exchange.
In efforts to reduce costs, preserve capital and stave off losses, Roadrunner accelerated its multi-year corporate shakeup last year, re-focusing on an asset-light model in its core LTL and value-added logistics offerings.
“On the Roadrunner Freight side, our restructuring work is complete. We are now laser-focused on service, safety and the driver experience. We currently have the lowest exceptions, best on-time delivery and highest driver count since I joined the company,” Hurst said in an email to FreightWaves. “What we have learned, admittedly …
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