Roadrunner (OTCMKTS:RRTS) has managed to stage one of the more outstanding comebacks in the transportation sector and that could make it a company worth keeping an eye on.
Market Action
On Thursday, RRTS stock moved up 6.38% to $1.5850 with 21.70K shares, compared to volume of 3.18K shares. The stock moved within a range of $1.4950 – 1.5900 after opening trade at $1.5000.
Roadrunner Announces Its Biggest Ever Transit Improvements
Yesterday, the stock was in focus among investors and ended up with gains of as much as 5% for the day following a key development. The company announced yesterday that its updated Load Plan 2.0 had been implemented. As a result of the implementation, it would help in accelerating the company’s network across as many as 130 important lanes. Such an accomplishment is going to constitute the fourth phase of transit time improvements by Roadrunner in the past 18 months.
In this regard, it ought to be noted that the company deployed its advanced machine learning algorithm for the purpose of optimizing its network of less than truckload operations. As it happens, the company is now a less than truckload operators that offers the highest number of direct haul metro to metro shipping routes at this point in time. The latest development marks further improvement for the company and now makes Roadrunner one of the major players in its industry. Investors could do well to keep the stock in their watch lists.
Key Quote
“Roadrunner’s Weekend Plus™ advantage gives shippers access to its network on weekends. Our Chicago-to-SoCal and SoCal-to-Chicago lanes represent the fastest transit times in the industry, offering expedited service at LTL rates,” said Phillip Thalheim, Director of Network Analytics for Roadrunner.
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