Trucking and logistics provider Roadrunner Transportation Systems said it had a $7.2 million profit in the third quarter ending Sept. 30 compared to $4.4 million in the same period a year earlier
Revenue was $226.2 million for the third quarter compared to $163.7 million a year earlier.
The company it had $618,000 in acquisition expenses in the most recent quarter.
Mark DiBlasi, president and chief executive of Roadrunner said “revenues increased 38.2 percent and net revenues expanded 73.1 percent from the prior year, resulting primarily from new customer growth, pricing initiatives, fuel increases, and the inclusion of the acquisitions of Morgan Southern and Prime.”
The company said compared to the third quarter of 2010 its three segments saw improvement:
- Less-than-truckload revenue increased 17.7 percent to $126.2 million in the third quarter of 2011
- Truckload revenue was up 102.9 percent to $79.3 million primarily due to increases in market pricing and load growth, the expansion of the company’s TL brokerage agent network, and the acquisitions of Morgan Southern, Bruenger Trucking and Prime.
- Revenue for Roadrunner’s one-stop Transportation Management Solutions, business was up 20.6 percent to $21.7 million due to new and existing customer growth.