Roadrunner Transportation Systems Inc (OTCMKTS:RRTS) Stock Soars Launching Haul Now App

There were a number of stocks which had managed to make big upward moves in the market on Wednesday and one of those was the Roadrunner Transportation Systems Inc (OTCMKTS:RRTS) stock, which ended up with gains of as much as 23% for the day.

Trading Data

On Wednesday, RRTS stock soared 23.08% to $1.6000 with more than 7.95K shares, compared to volume of 2.26K shares. The stock moved within a range of $1.3150 – 1.6000 after opening trade at $1.3150.

Roadrunner Launches Haul Now App for Long-Haul Truck Drivers

The company, which has sparked a remarkable turnaround, is a specialist in long haul metro to metro shipping for less than truckload cargo. Yesterday, the stock came into focus in a big way after it announced that it had launched the Haul Now app. The free app is meant for the owner-operators and other personnel involved in long haul shipping.

It is meant for making their life easier by providing them with the option of scheduling their loads and also for tracking their settlements among other services. In addition to that, the Haul Now app is also going to allow the drivers to boost their profits in the trucking business while at the same time providing them the option to work when they want and choose any destination they feel like.

The service could eventually prove to be a game changer for Roadrunner since it may bring more business in the long term by making life easier for the company’s customers.

Key Quote

“Haul Now is a game-changer because it gives drivers autonomy over their businesses,” said Roadrunner’s Head of Technology, Operations and Linehaul Tomasz Jamroz. “For all the talk about the Uberization of freight, this is the real deal – drivers can finally schedule their own loads. The more miles they drive, the more pay they earn. This is consistent with our mission of empowering entrepreneurs to pursue the American dream, Haul Now means less downtime and more earnings for drivers.”