Following an acquisition and East Coast expansion, trucking company Roadrunner Transportation Systems is reorganizing its management team.
The Cudahy, Wis.-based carrier promoted Scott Dobak to president of its less-than-truckload business and Brian Van Helden to president of truckload operations.
The promotions reflect a reorganization at Roadrunner, which is evolving quickly from an LTL trucking company to a more multimodal transportation operator.
Last month, Roadrunner acquired M. Bruenger Trucking, a refrigerated and dry van truckload carrier in Wichita, Kan., for approximately $10.6 million. In January, the company spent $20 million to buy drayage operator Morgan Southern, which positions Roadrunner to capture more freight moving on rails.
Roadrunner isn’t ignoring its LTL business. It opened a new terminal in the New York area on June 6 to provide outbound LTL service to the Midwest and West. The new management structure will enhance Roadrunner’s efforts to expand its LTL and truckload business, President and CEO Mark DiBlasi said. “Our vision for the future is to continue to grow the company organically and create a significant presence through additional strategic acquisitions,” he said.
Roadrunner was the fastest-growing LTL carrier in 2010. The carrier increased revenue 29.7 percent last year, according to SJ Consulting Group data.
Roadrunner reported $632 million in total revenue for 2010, a 30.8 percent increase over 2009, and a $2.8 million profit.
In the first quarter, the carrier’s revenue leaped 20 percent to $171 million. Truckload revenue jumped 43 percent, while LTL revenue increased 10.2 percent.
Contact William B. Cassidy at email@example.com. Follow him on Twitter @wbcassidy_joc.