Road Runner grew rapidly in recent years through a series of acquisitions, but has been losing money in recent quarters despite a buoyant freight market. Road Runner grew rapidly in recent years through a series of acquisitions, but has been losing money in recent quarters despite a buoyant freight market. Roadrunner’s stock has plunged nearly 80% since mid-March, when it was trading at $4.14 per share. The Illinois-based company said it had engaged Barclays BCS 1.74% Capital Inc. to advise the business. Roadrunner shares fell to 87 cents a share Monday, down nearly 18% from Friday’s close.

Source: Wall Street Journal September 10, 2018 20:22 UTC