Transport and logistics services provider Roadrunner Transportation Systems Inc. said today it has reduced transit times by one to two days on less-than-truckload (LTL) services from Chicago to Los Angeles, Atlanta, and Dallas.
Cudahy, Wis.-based Roadrunner, which began the service on May 2, said it is offering the compressed transit times through a product called "Roadrunner Guarantee," which, as the name implies, guarantees its deliveries.
In its statement, Roadrunner did not provide details on the former transit times in the three key markets.
The announcement is Roadrunner's latest move to boost its profile in the LTL category. According to the company's first-quarter results, it generated more than twice the revenue from its truckload business as from LTL. Roadrunner is classified as an "asset-light" provider, meaning it doesn't own its assets but effectively controls them in support of its operations.
Roadrunner posted lackluster first-quarter results due to excess capacity in the truckload segment, which hurt pricing, and continued weakness in the U.S. industrial economy, which adversely affected its LTL business.
