M&A speculation swirls as EV Cargo unveils 'robust financial position'
EV Cargo has published improved financial results – but has remained tight-lipped about increasingly loud ...
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By Alex Lennane
Struggling Roadrunner, which in 2018 was hit with accusations against three executives for accounting fraud, has sold its Prime Distribution Services division to CH Robinson in a $225m cash deal.
Roadrunner has had a bumpy ride: it has been undergoing a restructure since last February and has reported deepening losses.
Its chief financial officer left in September and, shortly afterwards, it closed five terminals and announced 450 job losses.
Then, in November, it sold Roadrunner Intermodal Services to Universal Logistics Holdings for $51.25m ...
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