17 March 2014
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) said that it has acquired all of the outstanding stock of Unitrans International Corp., a non-asset based provider of international logistics solutions based in Los Angeles, California.
The total purchase price of USD55.5m was financed by borrowings under Roadrunner´s credit facility. Unitrans offers its customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.
Roadrunner is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload logistics, transportation management solutions, intermodal solutions, freight consolidation, inventory management, expedited services, international freight forwarding, customs brokerage, and comprehensive global supply chain solutions. Its website is at www.rrts.com.