Roadrunner Transportation to cut 10% of workforce [MarketWatch]
ROADRUNNER TRANS SYS INC (RRTS)
Last roadrunner trans sys inc earnings: 3/26 04:15 pm
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Source: MarketWatch
Roadrunner Transportation to cut 10% of workforce Roadrunner Transportation Systems Inc. RRTS, +2.98% said late Monday it plans to cut about 10% of its workforce in a downsizing of its van business. "The downsizing includes reducing dry van company tractor and trailer fleets by over 50%, closing five terminal locations and eliminating approximately 450 positions," Roadrunner said in a statement. The reductions will take place over the next 60 to 90 days and cost $12 million to $16 million, the company said. Roadrunner shares were flat after hours, following a 3% gain to close the regular session at $10.36.
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