2012 Third Quarter Guidance
In commenting on guidance for the third quarter of 2012, Peter Armbruster, CFO of Roadrunner, said, “We anticipate our revenues for the third quarter to be in the range of $265 million to $280 million, representing an increase of 17% to 24% from the third quarter of 2011. Further, we expect diluted income per share available to common stockholders to be between $0.31 and $0.34, compared to diluted income per share available to common stockholders of $0.23 in the prior year quarter.”
2012 Second Quarter Segment Information
Roadrunner has three operating segments: less-than-truckload (LTL), truckload and logistics (TL) and transportation management solutions (TMS). The following highlights exclude intercompany eliminations and corporate expenses.LTL revenues, including fuel, increased 6.9% to $129.7 million for the second quarter of 2012 from $121.4 million for the second quarter of 2011. LTL net revenues for the second quarter of 2012 were $33.4 million, or 25.8% of LTL revenues, compared to $29.4 million, or 24.2% of LTL revenues, for the second quarter of 2011. LTL operating income was $10.5 million, or 8.1% of LTL revenues, for the second quarter of 2012 compared to $7.7 million, or 6.3% of LTL revenues, for the second quarter of 2011. Summary LTL operating statistics for the three and six months ended June 30 are shown below.
|Three Months Ended June 30,||Six Months Ended June 30,|
|Tonnage (in thousands of tons)||338.2||327.6||3.3||%||654.3||612.4||6.9||%|
|Shipments (in thousands)||515.6||490.2||5.2||%||1,002.5||922.0||8.7||%|
|Revenue per hundredweight (incl. fuel)||$||18.91||$||18.18||4.0||%||$||18.87||$||17.96||5.1||%|
|Revenue per hundredweight (excl. fuel)||$||15.44||$||14.79||4.4||%||$||15.40||$||14.79||4.1||%|
|Weight per shipment (lbs.)||1,312||1,337||(1.9||%)||1,305||1,328||(1.7||%)|
|Linehaul cost per mile (excl. fuel)||$||1.24||$||1.24||0.0||%||$||1.24||$||1.23||0.8||%|
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