Roadrunner Transportation reported net income rose 37% year-over-year to $7.9, or 21 cents per share, for the third quarter. One year ago, net income was $5.8 million or 15 cents. Revenues rose 7% to $532.2 million.
“A large portion of the revenue increase related to our ground expedited business in which we receive a management fee versus transportation or brokerage margins. Our remaining transportation businesses, when compared to the prior year, are experiencing continuing declines in freight rates and volumes,” CEO Mark DiBlasi said in a statement.
