|Cudahy, WI - January 25, 2017 - Roadrunner Transportation Systems, Inc. (NYSE: RRTS) today announced that its Global Solutions segment has officially rebranded to Ascent Global Logistics. Ascent Global Logistics provides professional domestic freight management, international freight forwarding and retail consolidation. With a focus on partnership, customer service and best-in-class technology, Ascent Global Logistics helps clients achieve peak logistics performance. Ascent Global Logistics will remain a Roadrunner entity, operating independently as a separate brand.
“We are extremely excited to announce the rebrand of Roadrunner Global Solutions to Ascent Global Logistics. We have this group of amazing companies with an exceptionally talented leadership team, committed employees and powerful suite of solutions. The rebranding is an important step in our evolution and will be a key driver in improving the integration and execution of those solutions, while making it easier for clients to engage us,” said William Goodgion, President of Ascent Global Logistics. “This change supports the independence of Ascent Global Logistics and helps brings clarity to our portfolio. Our vision is to be a full service global logistics company focused on providing clients with personalized and professional solutions, powerful transportation technology and continuous logistics education.”
Ascent Global Logistics will continue to offer professional logistics management, state-of-the-art technology tools and custom-built logistics solutions to help clients reach a new level of supply chain excellence. Additionally, Ascent Global Logistics will remain focused on helping clients streamline processes to increase supply chain efficiency, optimize current logistics programs and enhance service levels.
“Our entire team is eager to launch the Ascent Global Logistics brand, which houses our well-established domestic freight management, international freight forwarding and retail consolidation solutions,” said Curt Stoelting, President and Chief Operating Officer of Roadrunner Transportation Systems. “Our Global Solutions segment serves over 3,000 clients and we believe the introduction of the Ascent Global Logistics brand will be a catalyst for additional growth with existing, returning and new clients.”
Ascent Global Logistics Solutions offers domestic freight management solutions including shipment, route and mode optimization, access to its transportation management system (TMS), assistance with carrier negotiations as well as freight audit and payment. Ascent Global Logistics also provides clients with international freight forwarding, customs brokerage, regulatory compliance services and project management. In addition to domestic freight management and international freight forwarding, Ascent Global Logistics specializes in retail consolidation and provides clients with access to 2.5 million square feet of food-grade warehousing space, both dry and temperature controlled, as well as its warehouse management system (WMS).
For a complete list of solutions offered, or to learn more about Ascent Global Logistics, please visit the website at: www.ascentgl.com
About Roadrunner Transportation Systems, Inc.
Roadrunner is a leading asset-right transportation and asset-light logistics service provider offering a full suite of solutions, under the Roadrunner Brand including less-than-truckload, air and ground domestic and cross-border expedite, dry van and temperature controlled truckload logistics and intermodal services as well as under the Ascent Global Logistics brand including domestic freight management, international freight forwarding and retail consolidation. For more information, please visit Roadrunner’s website, www.rrts.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that relate to future events or performance. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. In particular, this press release contains forward-looking statements about improvements to Roadrunner Freight’s service standards and its plan to further differentiate itself as the ideal cost-effective LTL option in the industry. These statements reflect Roadrunner’s current expectations, and Roadrunner does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized, except as required by law. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond Roadrunner’s control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to one or more significant claims and the cost of maintaining insurance, including increased premiums and insurance in excess of prior experience levels; the cost of compliance with, liability for violations of, or modifications to existing or future governmental regulations; the effect of environmental regulations; a decrease in the levels of capacity in the over-the-road freight sector; Roadrunner’s ability to execute its acquisition strategy and to integrate acquired companies; Roadrunner’s international operations; Roadrunner’s indebtedness and compliance with the covenants in its senior credit facility; the unpredictability of and potential fluctuation in the price and availability of fuel; the economic environment; competition in the transportation industry; Roadrunner’s reliance on ICs to provide transportation services to its customers; and other "Risk Factors" set forth in Roadrunner’s most recent SEC filings.
Roadrunner Transportation Systems, Inc.
Ascent Global Logistics