Market Overview

Roadrunner Transportation Systems Acquires Central Cal Transportation

Roadrunner Transportation Systems (NYSE: RRTS) announced today
that it has acquired all of the outstanding stock of Central Cal
Transportation, a provider of intermodal transportation
and related services from the Northern California region. Central Cal
transports primarily nuts, wine and retail import products. The purchase
price was approximately $4 million plus an earnout. The acquisition was
financed with borrowings under Roadrunner's credit facility.

Mark DiBlasi, President and CEO of Roadrunner, said, “The Central Cal
acquisition substantially enhances the scale and critical mass of our
drayage operations in the West Coast region. In addition, the
seasonality of Central Cal's freight mix complements our existing
intermodal business, which we believe will enhance our driver

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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