TMS segment revenues for the third quarter of 2012 increased 10.4% to $24.0 million from $21.7 million for the third quarter of 2011. TMS net revenues for the third quarter of 2012 were $6.8 million, or 28.4% of TMS revenues, compared to $5.4 million, or 25.1% of TMS revenues, for the third quarter of 2011. TMS revenue growth during the quarter was primarily attributable to new and existing customer growth and the acquisition of Capital Transportation Logistics. For the third quarter, Capital Transportation Logistics contributed revenue of $1.6 million to the TMS segment. TMS operating income was $2.7 million, or 11.5% of TMS revenues, for the third quarter of 2012, compared to $2.4 million, or 11.0% of TMS revenues, for the third quarter of 2011.
A conference call is scheduled for Wednesday, October 31, 2012 at 4:30 p.m. Eastern Time. To access the conference call, please dial 866-277-1181 (U.S.) or 617-597-5358 (International) approximately 10 minutes prior to the start of the call. Callers will be prompted for passcode 68866964. The conference call will also be available via live webcast under the Investor Relations section of Roadrunner's website,
If you are unable to listen to the live call, a replay will be available through November 7, 2012, and can be accessed by dialing 888-286-8010 (U.S.) or 617-801-6888 (International). Callers will be prompted for passcode 83237201. An archived version of the webcast will also be available under the Investor Relations section of Roadrunner's website,
About Roadrunner Transportation Systems, Inc.
Roadrunner is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions, and domestic and international air. For more information, please visit RRTS' website,
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance, including statements regarding Roadrunner's performance, Roadrunner's sales and operational initiatives, Roadrunner's initiatives to expand into new geographic regions, build density, improve pricing and enhance productivity, Roadrunner's acquisitions, and Roadrunner's expected revenues and diluted earnings per share available to common stockholders for the fourth quarter of 2012. 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. 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 the integration of acquired companies, competition in the transportation industry, the impact of the current economic environment, Roadrunner's dependence upon purchased power, the unpredictability of and potential fluctuation in the price and availability of fuel, the effects of governmental and environmental regulations, insurance in excess of prior experience levels, and other "Risk Factors" set forth in Roadrunner's most recent SEC filings.