Today, Road Runner Transportation Systems, a key player in the on-demand charter market, reported significant declines in financial performance, a symptom of the woes currently facing the automotive industry. Road Runner (NYSE: RRTS) revenue dropped 14% and 13% year-to-date. Road Runner’s Active On-Demand segment revenues were down 26%. One third of this reduction -- or about $13.4 million -- was attributable to the General Motors strike, while the remainder was the result of declines in market […]
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