Cudahy, WI -- May 12, 2010 -- Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading nonasset based transportation and logistics services provider, today announced the pricing of its initial public offering of 10,600,644 shares of its common stock at a price of $14.00 per share. Of the shares offered, 9,000,000 are being sold by Roadrunner Transportation and 1,600,644 are being sold by stockholders of Roadrunner Transportation. Roadrunner Transportation has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,590,096 shares at the same price to cover overallotments. The offering is expected to close on May 18, 2010, subject to customary conditions. Roadrunner Transportation common stock is expected to begin trading on the New York Stock Exchange on May 13, 2010 under the symbol "RRTS."
Robert W. Baird & Co. Incorporated is the bookrunner for the offering and BB&T Capital Markets and Stifel, Nicolaus & Company, Incorporated are serving as co-lead managers. The offering is being made by means of a prospectus, copies of which may be obtained, when available, by visiting the U.S. Securities and Exchange Commission web site at