Roadrunner keeps rolling with strong quarter

Roadrunner Transportation Services Inc. reported third quarter net income of $38.2 million, or 35 cents per share, up from $32.3 million, or 31 cents per share, in the same period a year ago.

The Cudahy-based trucking company’s quarterly revenues grew to $363.2 million from $279.2 million a year earlier.

Mark DiBlasi, president and chief executive officer of Roadrunner, said, “The combination of strong organic and acquisition-related revenue growth led to a 30.1 percent increase in third quarter revenues and a 32.3 percent increase in net revenues over the third quarter of 2012. For the 2013 third quarter, our operating income growth of 31.4 percent continued to outpace our revenue growth.”

In commenting on guidance for the fourth quarter of 2013, Peter Armbruster, chief financial officer of Roadrunner, said, “We anticipate our revenues for the fourth quarter to be in the range of $345 million to $370 million, representing an increase of 17 to 25 percent from the fourth quarter of 2012.”

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