Roadrunner Transportation Systems (RRTS) 10-Q 8 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 04, 2016
Entity Registrant Name	Roadrunner Transportation Systems, Inc.
Entity Central Index Key	1,440,024
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		38,326,569

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 7,792	$ 8,664
Accounts receivable, net of allowances of $4,441 and $3,782, respectively	273,554	272,176
Deferred income taxes	3,264	4,876
Prepaid expenses and other current assets	53,906	62,101
Total current assets	338,516	347,817
Property and equipment, net of accumulated depreciation of $81,662 and $68,517, respectively	193,104	197,744
Other assets:
Goodwill	691,687	691,118
Intangible assets, net	72,407	76,694
Other noncurrent assets	6,603	6,183
Total other assets	770,697	773,995
Total assets	1,302,317	1,319,556
Current liabilities:
Long-term Debt, Current Maturities	15,000	15,000
Accounts payable	118,850	104,357
Accrued expenses and other liabilities	40,088	48,657
Total current liabilities	173,938	168,014
Long-term Debt, Excluding Current Maturities	391,378	417,830
Other long-term liabilities	118,167	120,405
Total liabilities	683,483	706,249
Stockholders' Equity Attributable to Parent [Abstract]
Common stock $.01 par value; 100,000 shares authorized; 38,322 and 38,266 shares issued and outstanding	383	383
Additional paid-in capital	397,917	397,253
Retained earnings	220,534	215,671
Total stockholders’ investment	618,834	613,307
Total liabilities and stockholders’ investment	$ 1,302,317	$ 1,319,556

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, net of allowances	$ 4,441	$ 3,782
Property and equipment, net of accumulated depreciation	$ 81,662	$ 68,517
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	38,322	38,266
Common stock, shares outstanding	38,322	38,266

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues	$ 483,432	$ 517,930	$ 949,064	$ 1,006,900
Operating expenses:
Purchased transportation costs	317,455	346,073	625,929	674,564
Personnel and related benefits	71,556	65,794	139,157	127,849
Other operating expenses	76,261	67,286	145,676	132,031
Depreciation and amortization	9,531	7,535	19,067	14,412
Total operating expenses	474,803	486,688	929,829	948,856
Operating income	8,629	31,242	19,235	58,044
Interest expense	5,695	4,373	11,303	8,982
Income before provision for income taxes	2,934	26,869	7,932	49,062
Provision for income taxes	1,136	10,398	3,069	18,987
Net income available to common stockholders	$ 1,798	$ 16,471	$ 4,863	$ 30,075
Earnings per share available to common stockholders:
Basic	$ 0.05	$ 0.43	$ 0.13	$ 0.79
Diluted	$ 0.05	$ 0.42	$ 0.13	$ 0.76
Weighted average common stock outstanding:
Basic	38,319	38,170	38,302	38,090
Diluted	38,368	39,524	38,371	39,432

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net Income	$ 4,863	$ 30,075
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,439	15,511
(Gain) loss on disposal of property and equipment	(1,556)	50
Share-based compensation	1,126	1,621
Provision for bad debts	974	1,044
Excess tax benefit on stock-based compensation		(1,191)
Tax deficiency from share based compensation	285
Deferred tax provision	367	1,366
Changes in:
Accounts receivable	(2,352)	(27,968)
Prepaid expenses and other assets	8,316	2,392
Accounts payable	14,493	(5,502)
Increase (Decrease) in Other Accrued Liabilities	(7,189)	2,565
Net cash provided by operating activities	39,766	19,963
Cash flows from investing activities:
Acquisition of business, net of cash acquired	0	(87)
Capital expenditures	(13,766)	(27,714)
Proceeds from sale of buildings and equipment	5,082	1,996
Net cash used in investing activities	(8,684)	(25,805)
Cash flows from financing activities:
Borrowings under revolving credit facilities	121,745	96,807
Payments under revolving credit facilities	(141,394)	(91,807)
Long-term debt payments	(7,500)	(5,000)
Debt issuance cost	(677)	(8)
Payments of contingent earnouts	798	3,317
Proceeds from Issuance of Common Stock, net of issuance costs	(177)	3,150
Tax deficiency from share based compensation	(285)
Excess tax benefit from share-based compensation		1,191
Reduction of capital lease obligation	(2,868)	(56)
Net cash (used in) provided by financing activities	(31,954)	960
Net (decrease) increase in cash and cash equivalents	(872)	(4,882)
Cash and cash equivalents:
Beginning of period	8,664	11,345
End of period	7,792	6,463
Supplemental cash flow information:
Cash paid for interest	9,686	7,897
Cash paid for income taxes, net	1,402	9,080
Capital Lease Obligations Incurred	$ 0	$ 6,476

Organization, Nature of Busines

Organization, Nature of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Nature of Business and Significant Accounting Policies	1. Organization, Nature of Business and Significant Accounting Policies Nature of Business Roadrunner Transportation Systems, Inc. (the “Company”) is headquartered in Cudahy, Wisconsin and has the following three operating segments: Truckload Logistics (“TL”), Less-than-Truckload (“LTL”), and Global Solutions. Within its TL business, the Company operates a network of 46 TL service centers and 21 company dispatch offices and is augmented by over 100 independent brokerage agents. Within its LTL business, the Company operates 45 LTL service centers throughout the United States, complemented by relationships with over 150 delivery agents. Within its Global Solutions business, the Company operates from seven service centers, ten dispatch offices, and five freight consolidation and inventory management centers throughout the United States. From pickup to delivery, the Company leverages relationships with a diverse group of third-party carriers to provide scalable capacity and reliable, customized service to its customers, including domestic and international air and ocean transportation services. The Company operates primarily in the United States. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation. In the Company's opinion, except as noted below with respect to the change in accounting principle and the change in reportable segments, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the operations for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Change in Accounting Principle On January 1, 2016, the Company adopted a new methodology for accounting for debt issuance costs in accordance with the Accounting Standards Update No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30), which requires debt issuance costs related to a recognized debt liability in the balance sheet to be presented as a direct reduction from the carrying amount of that debt liability. The change in methodology has been applied retrospectively. The balance of the debt issuance costs has been reclassified from other noncurrent assets to a direct reduction of long-term debt on the condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015 . Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has three operating segments, which are also its reportable segments: TL, LTL, and Global Solutions. In 2016, the Company realigned two of its operating companies to different existing reportable segments based on consideration of services provided and alignment with segment management. The change in reportable segments, which affected the TL and Global Solutions segments, did not have any impact on previously reported consolidated financial results, but prior year segment results have been revised to align with the new reportable segment structure. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2014-09 ("ASU 2014-09"), which was updated in August 2015 by Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In March 2016, the FASB issued Accounting Standards Update No. 2016-08 ("ASU 2016-08"), Revenue from Contracts with Customers - Principal versus Agent Considerations (Reporting Revenue Gross versus Net). Under ASU 2016-08, when another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service (that is, the entity is a principal) or to arrange for that good or service to be provided by another party. When the principal entity satisfies a performance obligation, the entity recognizes revenue in the gross amount. When an entity that is an agent satisfies the performance obligation, that entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. Both ASU 2014-09 and ASU 2016-08 will be effective for the Company in 2018. The Company is in the process of evaluating the guidance in these Accounting Standards Updates and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements. In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740), which will be effective for the Company in 2017. The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. Under this amendment, deferred tax liabilities and assets would still be offset and presented as a single amount. Early adoption of the amendments is permitted and may either be applied prospectively or retrospectively. Deferred tax assets are currently reported as deferred income taxes and included as current assets in the condensed consolidated balance sheets. Adoption of the revised Accounting Standard will require the Company to reclassify the balance currently reported as deferred income taxes to other long-term liabilities in the condensed consolidated balance sheets. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842), which will be effective for the Company in 2019. For financing leases, a lessee is required to: 1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments; 2) recognize interest on the lease liability separately from amortization of the right-of-use asset; and 3) classify repayments of the principal portion of the lease liability within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases, a lessee is required to: 1) recognize the right-to-use asset and a lease liability, initially measured at the present value of the lease payments; 2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and 3) classify all cash payments within operating activities in the statement of cash flows. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The Company is in the process of evaluating the guidance in this Accounting Standards Update and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 will be effective for the Company in 2017 and includes simplification of the following aspects of share-based payment transactions: Accounting for income taxes - All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Classification of excess tax benefits on the statement of cash flow - Excess tax benefits should be classified along with other income tax cash flows as an operating activity. Forfeitures - An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. The Company is in the process of evaluating the guidance in this Accounting Standards Update and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	2. Acquisitions On July 28, 2015 , the Company acquired all of the outstanding partnership interests of Stagecoach Cartage and Distribution LP ("Stagecoach") for the purpose of expanding its presence within the TL segment. Cash consideration paid was $32.3 million . The acquisition was financed with borrowings under the Company's credit facility discussed in Note 5. The Stagecoach purchase agreement calls for contingent consideration in the form of an earnout capped at $5.0 million . The former owners of Stagecoach are entitled to receive a payment equal to the amount by which Stagecoach's operating income before depreciation and amortization, as defined in the purchase agreement, exceeds $7.0 million for the twelve month periods ending July 31, 2016, 2017, 2018, and 2019. Approximately $4.1 million was included in the TL purchase price allocation related to this earnout on the opening balance sheet. The results of operations and financial condition of this acquisition have been included in our condensed consolidated financial statements since its acquisition date. The acquisition of Stagecoach is considered immaterial. The goodwill for the acquisition is a result of acquiring and retaining the existing workforce and expected synergies from integrating the operations into the Company. Purchase accounting for the Stagecoach acquisition is considered final except for deferred taxes and goodwill, as final information was not available as of June 30, 2016 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	3. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price of all acquisitions over the estimated fair value of the net assets acquired. The Company evaluates goodwill and intangible assets for impairment at least annually or more frequently whenever events or changes in circumstances indicate that the asset may be impaired, or in the case of goodwill, the fair value of the reporting unit is below its carrying amount. The analysis of potential impairment of goodwill requires a two-step approach that begins with the estimation of the fair value at the reporting unit level. The Company has four reporting units for its three operating segments: one reporting unit for its TL segment; one reporting unit for its LTL segment; and two reporting units for its Global Solutions segment. For purposes of the impairment analysis, the fair value of the Company's reporting units is estimated based upon an average of an income fair value approach and a market fair value approach, both of which incorporate numerous assumptions and estimates such as company forecasts, discount rates, and growth rates, among others. The determination of fair value requires considerable judgment and is highly sensitive to changes in the underlying assumptions. The Company completed the annual impairment analysis as of July 1, 2015, and determined no impairment had occurred. A decline in TL and LTL revenues due to lower freight volumes and pricing, as well as operating cost increases in both reporting units due to higher insurance claims, independent contractor termination costs, and excess capacity during the quarter ended June 30, 2016 , resulted in operating performance that fell below the projections used by the Company in its interim goodwill impairment assessments performed as of September 30, 2015 for the Company's LTL reporting unit and as of March 31, 2016 for the Company's TL reporting unit, which indicated that the fair value exceeded the carrying value by approximately 65% and 87% for the LTL and TL reporting units, respectively. Accordingly, the Company is required to perform an interim goodwill impairment analysis of its TL and LTL reporting units as of June 30, 2016 . Due to the significant effort that is required to determine the implied fair value of reporting units' goodwill, through assessing growth, operating margin, and discount rate assumptions, as well as the lack of updated market data, the Company has not completed this interim goodwill impairment analysis and will complete the analysis during the third quarter of 2016 . As indicated in Note 1, in connection with the change in reportable segments, the Company reallocated goodwill of $77.5 million between the TL and Global Solutions segments as of December 31, 2015 . The following is a rollforward of goodwill from December 31, 2015 to June 30, 2016 by reportable segment (in thousands): TL LTL Global Solutions Total Goodwill balance as of December 31, 2015 $ 262,870 $ 197,312 $ 230,936 $ 691,118 Adjustments to goodwill for purchase accounting 569 — — 569 Goodwill balance as of June 30, 2016 $ 263,439 $ 197,312 $ 230,936 $ 691,687 Intangible assets consist primarily of customer relationships acquired from business acquisitions. As indicated in Note 1, in connection with the change in reportable segments, the Company reallocated net intangible assets of $2.7 million between the TL and Global Solutions segments as of December 31, 2015 . Intangible assets as of June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, 2016 December 31, 2015 Gross Accumulated Net Carrying Gross Accumulated Net Carrying TL $ 58,468 $ (12,121 ) $ 46,347 $ 58,468 $ (9,714 ) $ 48,754 LTL 1,358 (1,050 ) 308 1,358 (1,017 ) 341 Global Solutions 38,427 (12,675 ) 25,752 38,427 (10,828 ) 27,599 Total $ 98,253 $ (25,846 ) $ 72,407 $ 98,253 $ (21,559 ) $ 76,694 The customer relationships intangible assets are amortized over their estimated five to 12 year useful lives. Amortization expense was $2.1 million and $2.0 million for the three months ended June 30, 2016 and 2015 , respectively. Amortization expense was $4.3 million and $4.1 million for the six months ended June 30, 2016 and 2015 , respectively. Estimated amortization expense for each of the next five years based on intangible assets as of June 30, 2016 is as follows (in thousands): Remainder 2016 $ 4,335 2017 8,557 2018 8,293 2019 7,990 2020 7,617 2021 7,435 Thereafter 28,180 Total $ 72,407

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair value measurement	4. Fair Value Measurement Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: Level 1 — Quoted market prices in active markets for identical assets or liabilities. Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset’s or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. Certain of the Company’s acquisitions contain contingent purchase obligations in the form of earn-outs as described in Note 2. The contingent purchase obligation related to acquisitions is measured at fair value on a recurring basis, according to the valuation techniques the Company used to determine fair value. Changes to the fair value are recognized as income or expense within other operating expenses in the condensed consolidated statements of operations. In measuring the fair value of the contingent purchase obligation, the Company used an income approach that considers the expected future earnings of the acquired businesses, for the varying performance periods, based on historical performance and the resulting contingent payments, discounted at a risk-adjusted rate. The range of undiscounted outcomes for the estimated contingent payments is zero to $6.5 million . The following table presents information, as of June 30, 2016 and December 31, 2015 , about the Company’s financial liabilities (in thousands): June 30, 2016 Level 1 Level 2 Level 3 Fair Value Contingent purchase price related to acquisitions $ — $ — $ 5,124 $ 5,124 Total liabilities at fair value $ — $ — $ 5,124 $ 5,124 December 31, 2015 Level 1 Level 2 Level 3 Fair Value Contingent purchase price related to acquisitions $ — $ — $ 6,722 $ 6,722 Total liabilities at fair value $ — $ — $ 6,722 $ 6,722 The table below sets forth a reconciliation of the Company’s beginning and ending Level 3 financial liability balance for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 5,825 $ 5,708 $ 6,722 $ 7,665 Payments of contingent purchase obligations (798 ) (1,360 ) (798 ) (3,317 ) Adjustments to contingent purchase obligations (1) 97 (867 ) (800 ) (867 ) Balance, end of period $ 5,124 $ 3,481 $ 5,124 $ 3,481 (1) Adjustments to contingent purchase obligations are reported in other operating expenses in the condensed consolidated statements of operations.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term debt	5. Long-Term Debt Long-term debt as of June 30, 2016 and December 31, 2015 consisted of the following (in thousands): June 30, December 31, Senior debt: Revolving credit facility $ 123,500 $ 143,149 Term loan 288,750 296,250 Total debt 412,250 439,399 Less: Current maturities (15,000 ) (15,000 ) Less: Debt issuance costs (5,872 ) (6,569 ) Total long-term debt, net of current maturities $ 391,378 $ 417,830 On September 24, 2015 , the Company entered into a sixth amended and restated credit agreement (the "credit agreement") with U.S. Bank National Association and other lenders, which increased the revolving credit facility from $350.0 million to $400.0 million and the term loan from $200.0 million to $300.0 million . The credit facility matures on July 9, 2019 . Principal on the term loan is due in quarterly installments of $3.8 million . On June 17, 2016, the Company entered into a Consent, Waiver, and First Amendment (the "Amendment") to the credit agreement. Pursuant to the Amendment, the Company, among other things, reduced the revolving line of credit under the senior credit facility from a maximum aggregate amount of $400.0 million to $300.0 million . The credit agreement is collateralized by all assets of the Company and contains certain financial covenants, including a maximum cash flow leverage ratio and a minimum fixed charge coverage ratio. Pursuant to the Amendment, the maximum cash flow leverage ratio and minimum fixed charge coverage ratio were modified for certain future periods. As modified by the Amendment, the maximum cash flow leverage ratio was 4.50 to 1.0 for the four quarters ended June 30, 2016 and decreases to 4.00 to 1.0 for the four quarters ending September 30, 2016, 3.75 to 1.0 for the four quarters ending December 31, 2016, 3.50 to 1.0 for the four quarters ending March 31, 2017, 3.25 to 1.0 for the four quarters ending June 30, 2017, and finally to 3.00 to 1.0 for all periods thereafter. As modified by the Amendment, the minimum fixed charge coverage ratio was 1.15 to 1.0 for the four quarters ended June 30, 2016, continues to be 1.15 to 1.0 for the four quarters ending September 30, 2016 and December 30, 2016, and finally increases to 1.25 to 1.0 for all periods thereafter. The Company was in compliance with all of the financial covenants contained in the credit agreement (as modified by the Amendment) for the four quarters ended June 30, 2016 . See the section titled "Capital and Liquidity Resources" in "Management's Discussion and Analysis" for further discussion. Additionally, the credit agreement contains negative covenants limiting, among other things, additional indebtedness, capital expenditures, transactions with affiliates, additional liens, sales of assets, dividends, investments, advances, prepayments of debt, mergers and acquisitions, and other matters customarily restricted in such agreements. The credit agreement also prohibits the Company from paying dividends without the consent of the lenders. The Company categorizes the borrowings under the credit agreement as Level 2 in the fair value hierarchy described in Note 4. The carrying value of the Company's long-term debt approximates fair value as the debt agreement bears interest based on prevailing variable market rates currently available. Borrowings under the credit agreement bear interest at either (a) the Eurocurrency Rate (as defined in the credit agreement), plus an applicable margin in the range of 2.0% to 3.50% , or (b) the Base Rate (as defined in the credit agreement), plus an applicable margin in the range of 1.0% to 2.50% . The revolving credit facility also provides for the issuance of up to $40.0 million in letters of credit. As of June 30, 2016 , the Company had outstanding letters of credit totaling $22.8 million . As of June 30, 2016 , total availability under the revolving credit facility was $153.7 million and the average interest rate on the credit agreement was 4.0% .

Stockholders' Investment

Stockholders' Investment	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Stockholders' investment	6. Stockholders’ Investment Changes in stockholders’ investment for the three and six months ended June 30, 2016 and 2015 consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ 616,504 $ 575,325 $ 613,307 $ 558,775 Net income 1,798 16,471 4,863 30,075 Share-based compensation 577 825 1,126 1,621 Issuance of common stock from share-based compensation — 1,811 — 3,150 Excess tax benefit on share-based compensation — 380 — 1,191 Other changes (45 ) — (462 ) — Ending balance $ 618,834 $ 594,812 $ 618,834 $ 594,812

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	7. Earnings Per Share Basic earnings per common share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated by dividing net income available to common stockholders by the weighted average common stock outstanding plus stock equivalents that would arise from the assumed exercise of stock options, the conversion of warrants, and the delivery of stock underlying restricted stock units using the treasury stock method. There is no difference, for any of the periods presented, in the amount of net income available to common stockholders used in the computation of basic and diluted earnings per share. The Company had stock options and warrants outstanding of 2,866,031 as of June 30, 2016 that were not included in the computation of diluted earnings per share because they were not assumed to be exercised under the treasury stock method or because they were anti-dilutive. As of June 30, 2015 , all stock options, warrants, and restricted stock units were included in the computation of diluted earnings per share. The following table reconciles basic weighted average common stock outstanding to diluted weighted average common stock outstanding (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Basic weighted average common stock outstanding 38,319 38,170 38,302 38,090 Effect of dilutive securities Employee stock options 3 93 6 109 Warrants 29 1,220 42 1,180 Restricted stock units 17 41 21 53 Diluted weighted average common stock outstanding 38,368 39,524 38,371 39,432

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The effective income tax rate was 38.7% for three and six months ended June 30, 2016 and 2015 . In determining the provision for income taxes, the Company used an estimated annual effective tax rate, which was based on expected annual income, statutory tax rates, and the Company's best estimate of non-deductible and non-taxable items of income and expense. Income tax expense varies from the amount computed by applying the federal corporate income tax rate of 35.0% to income before income taxes primarily due to state income taxes, net of federal income tax effect, and adjustments for permanent differences.

Guarantees (Notes)

Guarantees (Notes)	6 Months Ended
	Jun. 30, 2016
Guarantees [Abstract]
Guarantees	9. Guarantees The Company provides a guarantee for a portion of the value of certain independent contractors' ("IC") leased tractors. The guarantees expire at various dates through 2020 . The potential maximum exposure under these lease guarantees was approximately $14.6 million as of June 30, 2016 . The potential maximum exposure represents the Company’s commitment on remaining lease payments on guaranteed leases as of June 30, 2016 . However, upon an IC default, the Company has the option to purchase the tractor or return the tractor to the leasing company if the residual value is greater than the Company’s guarantee. Alternatively, the Company can contract another IC to assume the lease. The declining quality and performance of the equipment in certain lease purchase programs has caused escalating repair and maintenance expenses for the Company's ICs, which coupled with the softened demand experienced during the third quarter of 2015, resulted in increased turnover and default by certain ICs. As a result, the Company experienced an acceleration of its IC recruiting costs, guarantee payments, and reseating and reconditioning costs associated with these lease purchase programs. Accordingly, the Company decided to terminate certain lease purchase guarantee programs in favor of new lease purchase programs that do not involve a guarantee from the Company and utilize newer equipment under warranty. The Company paid $1.1 million and $3.2 million during the second quarter of 2016 and first half of 2016 , respectively, associated with the lease purchase guarantee equipment. Payments made by the Company under the guarantees were de minimis during the second quarter of 2015 and for the first half of 2015 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	10. Commitments and Contingencies In the ordinary course of business, the Company is a defendant in several legal proceedings arising out of the conduct of its business. These proceedings include claims for property damage or personal injury incurred in connection with the Company’s services. Although there can be no assurance as to the ultimate disposition of these proceedings, the Company does not believe, based upon the information available at this time, that these property damage or personal injury claims, in the aggregate, will have a material impact on its consolidated financial statements. The Company maintains liability insurance coverage for claims in excess of $500,000 per occurrence and cargo coverage for claims in excess of $100,000 per occurrence. The Company believes it has adequate insurance to cover losses in excess of the deductible amount. As of June 30, 2016 and December 31, 2015 , the Company had reserves for estimated uninsured losses of $6.4 million and $7.2 million , respectively. In addition to the legal proceedings described above, like many others in the transportation services industry, the Company is a defendant in six purported class-action lawsuits in California alleging violations of various California labor laws and one purported class-action lawsuit in Illinois alleging violations of the Illinois Wage Payment and Collection Act. The plaintiffs in each of these lawsuits seek to recover unspecified monetary damages and other items. In addition, the California Division of Labor Standards and Enforcement has brought administrative actions against the Company on behalf of twelve individuals alleging that the Company violated California labor laws. Given the early stage of all of the proceedings described in this paragraph, the Company is not able to assess with certainty the outcome of these proceedings or the amount or range of potential damages or future payments associated with these proceedings at this time. The Company believes it has meritorious defenses to these actions and intends to defend these proceedings vigorously. However, any legal proceeding is subject to inherent uncertainties, and the Company cannot assure that the expenses associated with defending these actions or their resolution will not have a material adverse effect on its business, operating results, or financial condition.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related party transactions	11. Related Party Transactions The Company has an advisory agreement with HCI Equity Management L.P. (“HCI”) that requires the Company to pay transaction fees and an annual advisory fee of $0.1 million . The Company paid an aggregate of $0.2 million to HCI for advisory fees and travel expenses during the three and six months ended June 30, 2016 . The Company paid an aggregate of $0.1 million during the three and six months ended June 30, 2015 to HCI for the advisory fee and travel expenses incurred. The Company has a number of facility leases with related parties and paid an aggregate of $0.6 million and $0.1 million under these leases during the three months ended June 30, 2016 and 2015 , respectively. The Company paid an aggregate of $1.2 million and $0.3 million under these leases during the six months ended June 30, 2016 and 2015 , respectively. During the quarter ended June 30, 2016 , the Company entered into and completed a sale leaseback transaction to sell the Stagecoach corporate office to an entity owned by one of the former owners of Stagecoach for a total sale price of $3.5 million . The Company recognized a gain of $0.9 million on the sale of the property, which is recorded in other operating expenses for the three and six months ended June 30, 2016 .

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment reporting	12. Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has three operating segments, which are also reportable segments: TL, LTL, and Global Solutions. As indicated in Note 1, the Company realigned two of its operating companies into different reportable segments. Segment disclosures as of December 31, 2015 and for the three and six months ended June 30, 2015 have been revised to reflect this change in reportable segments. These reportable segments are strategic business units through which the Company offers different services. The Company evaluates the performance of the segments primarily based on their respective revenues and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed a corporate segment, which is not an operating segment and includes acquisition transaction expenses, corporate salaries, and share-based compensation expense. The following table reflects certain financial data of the Company’s reportable segments for the three and six months ended June 30, 2016 and 2015 and as of June 30, 2016 and December 31, 2015 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: TL $ 282,240 $ 285,900 $ 556,044 $ 557,895 LTL 122,346 138,943 235,776 270,588 Global Solutions 83,627 99,952 166,554 192,698 Eliminations (4,781 ) (6,865 ) (9,310 ) (14,281 ) Total 483,432 517,930 949,064 1,006,900 Operating income: TL $ 6,244 $ 19,650 $ 12,098 $ 35,121 LTL 753 8,367 1,912 17,026 Global Solutions 6,683 8,568 14,351 14,833 Corporate (5,051 ) (5,343 ) (9,126 ) (8,936 ) Total operating income 8,629 31,242 19,235 58,044 Interest expense 5,695 4,373 11,303 8,982 Income before provision for income taxes $ 2,934 $ 26,869 $ 7,932 $ 49,062 Depreciation and amortization: TL $ 6,831 $ 5,195 $ 13,675 $ 9,628 LTL 1,002 737 2,012 1,572 Global Solutions 1,299 1,266 2,587 2,547 Corporate 399 337 793 665 Total $ 9,531 $ 7,535 $ 19,067 $ 14,412 Capital expenditures (1) : TL $ 3,089 $ 7,645 $ 7,547 $ 21,906 LTL 1,439 3,447 2,733 4,271 Global Solutions 1,283 99 2,973 161 Corporate 381 7,166 513 7,852 Total $ 6,192 $ 18,357 $ 13,766 $ 34,190 (1) The total capital expenditures for the three and six months ended June 30, 2015 includes both cash and non-cash portions as reflected in the Condensed Consolidated Statements of Cash Flows. June 30, 2016 December 31, 2015 Assets: TL $ 694,857 $ 768,064 LTL 714,576 669,518 Global Solutions 317,457 319,703 Corporate 12,052 11,274 Eliminations (436,625 ) (449,003 ) Total $ 1,302,317 $ 1,319,556

Organization, Nature of Busin18

Organization, Nature of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Roadrunner Transportation Systems, Inc. (the “Company”) is headquartered in Cudahy, Wisconsin and has the following three operating segments: Truckload Logistics (“TL”), Less-than-Truckload (“LTL”), and Global Solutions. Within its TL business, the Company operates a network of 46 TL service centers and 21 company dispatch offices and is augmented by over 100 independent brokerage agents. Within its LTL business, the Company operates 45 LTL service centers throughout the United States, complemented by relationships with over 150 delivery agents. Within its Global Solutions business, the Company operates from seven service centers, ten dispatch offices, and five freight consolidation and inventory management centers throughout the United States. From pickup to delivery, the Company leverages relationships with a diverse group of third-party carriers to provide scalable capacity and reliable, customized service to its customers, including domestic and international air and ocean transportation services. The Company operates primarily in the United States.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). All intercompany balances and transactions have been eliminated in consolidation. In the Company's opinion, except as noted below with respect to the change in accounting principle and the change in reportable segments, these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the operations for the interim periods presented. Interim results are not necessarily indicative of results for a full year.
Changes in Accounting Principles	Change in Accounting Principle On January 1, 2016, the Company adopted a new methodology for accounting for debt issuance costs in accordance with the Accounting Standards Update No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30), which requires debt issuance costs related to a recognized debt liability in the balance sheet to be presented as a direct reduction from the carrying amount of that debt liability. The change in methodology has been applied retrospectively. The balance of the debt issuance costs has been reclassified from other noncurrent assets to a direct reduction of long-term debt on the condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Segment Reporting	Segment Reporting The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has three operating segments, which are also its reportable segments: TL, LTL, and Global Solutions. In 2016, the Company realigned two of its operating companies to different existing reportable segments based on consideration of services provided and alignment with segment management. The change in reportable segments, which affected the TL and Global Solutions segments, did not have any impact on previously reported consolidated financial results, but prior year segment results have been revised to align with the new reportable segment structure.
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2014-09 ("ASU 2014-09"), which was updated in August 2015 by Accounting Standards Update No. 2015-14, Revenue from Contracts with Customers (Topic 606). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In March 2016, the FASB issued Accounting Standards Update No. 2016-08 ("ASU 2016-08"), Revenue from Contracts with Customers - Principal versus Agent Considerations (Reporting Revenue Gross versus Net). Under ASU 2016-08, when another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service (that is, the entity is a principal) or to arrange for that good or service to be provided by another party. When the principal entity satisfies a performance obligation, the entity recognizes revenue in the gross amount. When an entity that is an agent satisfies the performance obligation, that entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. Both ASU 2014-09 and ASU 2016-08 will be effective for the Company in 2018. The Company is in the process of evaluating the guidance in these Accounting Standards Updates and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements. In November 2015, the FASB issued Accounting Standards Update No. 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740), which will be effective for the Company in 2017. The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. Under this amendment, deferred tax liabilities and assets would still be offset and presented as a single amount. Early adoption of the amendments is permitted and may either be applied prospectively or retrospectively. Deferred tax assets are currently reported as deferred income taxes and included as current assets in the condensed consolidated balance sheets. Adoption of the revised Accounting Standard will require the Company to reclassify the balance currently reported as deferred income taxes to other long-term liabilities in the condensed consolidated balance sheets. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842), which will be effective for the Company in 2019. For financing leases, a lessee is required to: 1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments; 2) recognize interest on the lease liability separately from amortization of the right-of-use asset; and 3) classify repayments of the principal portion of the lease liability within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases, a lessee is required to: 1) recognize the right-to-use asset and a lease liability, initially measured at the present value of the lease payments; 2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and 3) classify all cash payments within operating activities in the statement of cash flows. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The Company is in the process of evaluating the guidance in this Accounting Standards Update and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Share-Based Payment Accounting ("ASU 2016-09"). ASU 2016-09 will be effective for the Company in 2017 and includes simplification of the following aspects of share-based payment transactions: Accounting for income taxes - All excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) should be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Classification of excess tax benefits on the statement of cash flow - Excess tax benefits should be classified along with other income tax cash flows as an operating activity. Forfeitures - An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. The Company is in the process of evaluating the guidance in this Accounting Standards Update and has not yet determined if the adoption of this guidance will have a material impact on the Company’s consolidated financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Rollforward of goodwill by reportable segment	TL LTL Global Solutions Total Goodwill balance as of December 31, 2015 $ 262,870 $ 197,312 $ 230,936 $ 691,118 Adjustments to goodwill for purchase accounting 569 — — 569 Goodwill balance as of June 30, 2016 $ 263,439 $ 197,312 $ 230,936 $ 691,687
Intangible assets	June 30, 2016 December 31, 2015 Gross Accumulated Net Carrying Gross Accumulated Net Carrying TL $ 58,468 $ (12,121 ) $ 46,347 $ 58,468 $ (9,714 ) $ 48,754 LTL 1,358 (1,050 ) 308 1,358 (1,017 ) 341 Global Solutions 38,427 (12,675 ) 25,752 38,427 (10,828 ) 27,599 Total $ 98,253 $ (25,846 ) $ 72,407 $ 98,253 $ (21,559 ) $ 76,694
Estimated amortization expense	Remainder 2016 $ 4,335 2017 8,557 2018 8,293 2019 7,990 2020 7,617 2021 7,435 Thereafter 28,180 Total $ 72,407

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Financial liabilities measured at fair value on a recurring basis	June 30, 2016 Level 1 Level 2 Level 3 Fair Value Contingent purchase price related to acquisitions $ — $ — $ 5,124 $ 5,124 Total liabilities at fair value $ — $ — $ 5,124 $ 5,124 December 31, 2015 Level 1 Level 2 Level 3 Fair Value Contingent purchase price related to acquisitions $ — $ — $ 6,722 $ 6,722 Total liabilities at fair value $ — $ — $ 6,722 $ 6,722
Schedule of reconciliation of beginning and ending Level 3 financial liability balance	The table below sets forth a reconciliation of the Company’s beginning and ending Level 3 financial liability balance for the three and six months ended June 30, 2016 and 2015 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance, beginning of period $ 5,825 $ 5,708 $ 6,722 $ 7,665 Payments of contingent purchase obligations (798 ) (1,360 ) (798 ) (3,317 ) Adjustments to contingent purchase obligations (1) 97 (867 ) (800 ) (867 ) Balance, end of period $ 5,124 $ 3,481 $ 5,124 $ 3,481 (1) Adjustments to contingent purchase obligations are reported in other operating expenses in the condensed consolidated statements of operations.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term debt	June 30, December 31, Senior debt: Revolving credit facility $ 123,500 $ 143,149 Term loan 288,750 296,250 Total debt 412,250 439,399 Less: Current maturities (15,000 ) (15,000 ) Less: Debt issuance costs (5,872 ) (6,569 ) Total long-term debt, net of current maturities $ 391,378 $ 417,830

Stockholders' Investment (Table

Stockholders' Investment (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of changes in stockholders' investment	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ 616,504 $ 575,325 $ 613,307 $ 558,775 Net income 1,798 16,471 4,863 30,075 Share-based compensation 577 825 1,126 1,621 Issuance of common stock from share-based compensation — 1,811 — 3,150 Excess tax benefit on share-based compensation — 380 — 1,191 Other changes (45 ) — (462 ) — Ending balance $ 618,834 $ 594,812 $ 618,834 $ 594,812

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Reconciling basic weighted average stock outstanding to diluted weighted average stock outstanding	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Basic weighted average common stock outstanding 38,319 38,170 38,302 38,090 Effect of dilutive securities Employee stock options 3 93 6 109 Warrants 29 1,220 42 1,180 Restricted stock units 17 41 21 53 Diluted weighted average common stock outstanding 38,368 39,524 38,371 39,432

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of financial data of reportable segments	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: TL $ 282,240 $ 285,900 $ 556,044 $ 557,895 LTL 122,346 138,943 235,776 270,588 Global Solutions 83,627 99,952 166,554 192,698 Eliminations (4,781 ) (6,865 ) (9,310 ) (14,281 ) Total 483,432 517,930 949,064 1,006,900 Operating income: TL $ 6,244 $ 19,650 $ 12,098 $ 35,121 LTL 753 8,367 1,912 17,026 Global Solutions 6,683 8,568 14,351 14,833 Corporate (5,051 ) (5,343 ) (9,126 ) (8,936 ) Total operating income 8,629 31,242 19,235 58,044 Interest expense 5,695 4,373 11,303 8,982 Income before provision for income taxes $ 2,934 $ 26,869 $ 7,932 $ 49,062 Depreciation and amortization: TL $ 6,831 $ 5,195 $ 13,675 $ 9,628 LTL 1,002 737 2,012 1,572 Global Solutions 1,299 1,266 2,587 2,547 Corporate 399 337 793 665 Total $ 9,531 $ 7,535 $ 19,067 $ 14,412 Capital expenditures (1) : TL $ 3,089 $ 7,645 $ 7,547 $ 21,906 LTL 1,439 3,447 2,733 4,271 Global Solutions 1,283 99 2,973 161 Corporate 381 7,166 513 7,852 Total $ 6,192 $ 18,357 $ 13,766 $ 34,190 (1) The total capital expenditures for the three and six months ended June 30, 2015 includes both cash and non-cash portions as reflected in the Condensed Consolidated Statements of Cash Flows. June 30, 2016 December 31, 2015 Assets: TL $ 694,857 $ 768,064 LTL 714,576 669,518 Global Solutions 317,457 319,703 Corporate 12,052 11,274 Eliminations (436,625 ) (449,003 ) Total $ 1,302,317 $ 1,319,556

Organization Nature of Business

Organization Nature of Business and Significant Accounting Policies (Details Textual)	6 Months Ended
	Jun. 30, 2016SegmentCentersFacilitiesAgentsCentres
Operations [Line Items]
Number of Operating Segments | Segment	3
TL [Member]
Operations [Line Items]
Number of Service Centers	46
Number of Dispatch Offices | Centres	21
Number of Independent Agents | Agents	100
LTL [Member]
Operations [Line Items]
Number of Service Centers	45
Number of Delivery Agents | Agents	150
Global Solutions [Member]
Operations [Line Items]
Number of Service Centers	7
Number of Dispatch Offices | Centres	10
Number of Consolidation Facilities | Facilities	5

Acquisitions (Details Textual)

Acquisitions (Details Textual) - USD ($) $ in Millions	Jul. 28, 2015	Jun. 30, 2016
Business Acquisition (Textual) [Abstract]
Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 6.5
Stagecoach [Member]
Business Acquisition (Textual) [Abstract]
Date of acquisition		Jul. 28, 2015
Consideration Transferred	$ 32.3
Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability	$ 4.1
Stagecoach [Member] | 2016 [Member]
Business Acquisition (Textual) [Abstract]
Contingent Consideration Arrangements, Basis		7
Stagecoach [Member] | 2017 [Member]
Business Acquisition (Textual) [Abstract]
Contingent Consideration Arrangements, Basis		7
Stagecoach [Member] | 2018 [Member]
Business Acquisition (Textual) [Abstract]
Contingent Consideration Arrangements, Basis		7
Stagecoach [Member] | 2019 [Member]
Business Acquisition (Textual) [Abstract]
Contingent Consideration Arrangements, Basis		$ 7

(Narrative) (Details)

(Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill and Intangible Assets (Additional Textual) [Abstract]
Impairment of goodwill			$ 0
Amortization of Intangible Assets	$ 2,100,000	$ 2,000,000	$ 4,300,000	$ 4,100,000
Customer Relationships [Member] | Minimum [Member]
Goodwill and Intangible Assets (Textual) [Abstract]
Period of amortization of intangible assets			5 years
Customer Relationships [Member] | Maximum [Member]
Goodwill and Intangible Assets (Textual) [Abstract]
Period of amortization of intangible assets			12 years

(Goodwill acquired in business

(Goodwill acquired in business combination by reportable segment) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Rollforward of goodwill by reportable segment
Goodwill balance as of December 31, 2015	$ 691,118
Goodwill, Purchase Accounting Adjustments	569
Goodwill balance as of March 31, 2016	691,687
TL [Member]
Rollforward of goodwill by reportable segment
Goodwill balance as of December 31, 2015	262,870
Goodwill, Purchase Accounting Adjustments	569
Goodwill balance as of March 31, 2016	263,439
LTL [Member]
Rollforward of goodwill by reportable segment
Goodwill balance as of December 31, 2015	197,312
Goodwill, Purchase Accounting Adjustments	0
Goodwill balance as of March 31, 2016	197,312
Global Solutions [Member]
Rollforward of goodwill by reportable segment
Goodwill balance as of December 31, 2015	230,936
Goodwill, Purchase Accounting Adjustments	0
Goodwill balance as of March 31, 2016	230,936
Re-allocation [Member]
Rollforward of goodwill by reportable segment
Goodwill balance as of December 31, 2015	$ 77,500

(Intangible Assets Acquired fro

(Intangible Assets Acquired from Business Acquisitions) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 2,100	$ 2,000	$ 4,300	$ 4,100
Intangible assets
Gross Carrying Amount	98,253		98,253		$ 98,253
Accumulated Amortization	(25,846)		(25,846)		(21,559)
Net Carrying Value	72,407		72,407		76,694
TL [Member]
Intangible assets
Gross Carrying Amount	58,468		58,468		58,468
Accumulated Amortization	(12,121)		(12,121)		(9,714)
Net Carrying Value	46,347		46,347		48,754
LTL [Member]
Intangible assets
Gross Carrying Amount	1,358		1,358		1,358
Accumulated Amortization	(1,050)		(1,050)		(1,017)
Net Carrying Value	308		308		341
Global Solutions [Member]
Intangible assets
Gross Carrying Amount	38,427		38,427		38,427
Accumulated Amortization	(12,675)		(12,675)		(10,828)
Net Carrying Value	$ 25,752		$ 25,752		27,599
Re-allocation [Member]
Intangible assets
Net Carrying Value					$ 2,700

(Amortization of Intangibles) (

(Amortization of Intangibles) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 2,100	$ 2,000	$ 4,300	$ 4,100
Estimated amortization expense
Remainder 2,015	4,335		4,335
2,016	8,557		8,557
2,017	8,293		8,293
2,018	7,990		7,990
2,019	7,617		7,617
2,020	7,435		7,435
Thereafter	28,180		28,180
Net Carrying Value	$ 72,407		$ 72,407		$ 76,694

Fair Value Measurement (Liabili

Fair Value Measurement (Liabilities on Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Contingent Consideration Arrangements, Range of Outcomes, Value, Low	$ 0
Contingent Consideration Arrangements, Range of Outcomes, Value, High	6,500
Financial liabilities measured at fair value on a recurring basis
Total liabilities at fair value	5,124	$ 6,722
Income approach valuation technique [Member]
Financial liabilities measured at fair value on a recurring basis
Contingent Liability, Fair Value Disclosure	5,124	6,722
Level 1 [Member]
Financial liabilities measured at fair value on a recurring basis
Contingent Liability, Fair Value Disclosure	0	0
Level 2 [Member]
Financial liabilities measured at fair value on a recurring basis
Contingent Liability, Fair Value Disclosure	0	0
Total liabilities at fair value	0	0
Level 3 [Member]
Financial liabilities measured at fair value on a recurring basis
Total liabilities at fair value	5,124	6,722
Level 3 [Member] | Income approach valuation technique [Member]
Financial liabilities measured at fair value on a recurring basis
Contingent Liability, Fair Value Disclosure	$ 5,124	$ 6,722

Fair Value Measurement Fair Val

Fair Value Measurement Fair Value Measurement (Reconciliation of Level 3 Liabilities) (Details) - Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Balance, beginning of period	$ 5,825	$ 5,708	$ 6,722	$ 7,665
Payments of contingent purchase obligations	798	1,360	798	3,317
Adjustments to contingent purchase obligation	97	(867)	(800)	(867)
Balance, end of period	$ 5,124	$ 3,481	$ 5,124	$ 3,481

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Sep. 24, 2015	Jul. 09, 2014
Senior debt:
Total debt	$ 412,250	$ 439,399
Less: Current maturities	(15,000)	(15,000)
Less: Debt issuance costs	(5,872)	(6,569)
Total long-term debt, net of current maturities and debt issuance costs	391,378	417,830
Revolving credit facility [Member]
Senior debt:
Total debt	123,500	143,149
Term loans [Member]
Senior debt:
Total debt	$ 288,750	$ 296,250
Revolving credit facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 400,000	$ 350,000

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Sep. 24, 2015	Jul. 09, 2014
Line of Credit Facility [Line Items]
Debt Instrument Maturities Quarterly Repayments of Principal		$ 3.8
Debt Instrument, Maturity Date	Jul. 9, 2019
Revolving Credit Facility, Capacity Available for Letter of Credit	$ 40
Outstanding letters of credit	22.8
Total availability under revolving credit facility	$ 153.7
Average interest rate on credit agreement	4.00%
Revolving credit facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		400	$ 350
Line of Credit Facility, Current Borrowing Capacity		300
Eurocurrency [Member]
Line of Credit Facility [Line Items]
Interest rate applicable margin range, Minimum	2.00%
Interest Rate applicable margin range, Maximum	3.50%
Base Rate [Member]
Line of Credit Facility [Line Items]
Interest rate applicable margin range, Minimum	1.00%
Interest Rate applicable margin range, Maximum	2.50%
Term Loan Facility Maturing [Member]
Line of Credit Facility [Line Items]
Term loan		$ 300	$ 200

Stockholders' Investment (Detai

Stockholders' Investment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stockholders' investment:
Beginning balance	$ 616,504	$ 575,325	$ 613,307	$ 558,775
Net Income	1,798	16,471	4,863	30,075
Share-based Compensation	577	825	1,126	1,621
Issuance of common stock from share-based compensation	0	1,811		3,150
Excess tax benefit on share-based compensation	0	380		1,191
Other changes	(45)	0	(462)	0
Ending balance	$ 618,834	$ 594,812	$ 618,834	$ 594,812

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			2,866,031
Reconciling basic to diluted weighted average stock outstanding to diluted weighted average stock outstanding
Basic weighted average stock outstanding	38,319,000	38,170,000	38,302,000	38,090,000
Dilutive weighted average stock outstanding	38,368,000	39,524,000	38,371,000	39,432,000
Warrant [Member]
Reconciling basic to diluted weighted average stock outstanding to diluted weighted average stock outstanding
Warrants	29,000	1,220,000	42,000	1,180,000
Employee Stock Option [Member]
Reconciling basic to diluted weighted average stock outstanding to diluted weighted average stock outstanding
Employee stock options	3,000	93,000	6,000	109,000
Restricted Stock Units (RSUs) [Member]
Reconciling basic to diluted weighted average stock outstanding to diluted weighted average stock outstanding
Employee stock options	17,000	41,000	21,000	53,000

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Taxes (Textual) [Abstract]
Effective income tax rate	38.70%	38.70%	38.70%	38.70%
Federal corporate income tax rate			35.00%

Guarantees (Details)

Guarantees (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016USD ($)
Guarantor Obligations [Line Items]
Guarantees ExpirationYear		2,020
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 14.6	$ 14.6
Loss Contingency Accrual, Payments	$ 1.1	$ 3.2

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Insurance Claims [Member]
Commitments and Contingencies (Textual) [Abstract]
Liability and cargo insurance coverage for claims	$ 500,000
Cargo Claims [Member]
Commitments and Contingencies (Textual) [Abstract]
Liability and cargo insurance coverage for claims	100,000
Uninsured Risk [Member]
Commitments and Contingencies (Textual) [Abstract]
Reserves for estimated uninsured losses	$ 6,400,000	$ 7,200,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 12, 2011
Related Party Transaction [Line Items]
Related Party Transaction, Payment	$ 0.2			$ 0.1
Annual advisory fee					$ 0.1
Related Party Transaction, Amounts of Transaction		$ 0.1
Sale leaseback transaction, proceeds	3.5
Sale Leaseback Transaction, Current Period Gain Recognized	0.9
Facilities Lease [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Payment	$ 0.6	$ 0.1	$ 1.2	$ 0.3

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Segment	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | Segment			3
Schedule of financial data of reportable segments
Revenues	$ 483,432	$ 517,930	$ 949,064	$ 1,006,900
Operating Income	8,629	31,242	19,235	58,044
Interest expense	5,695	4,373	11,303	8,982
Income before provision for income taxes	2,934	26,869	7,932	49,062
Depreciation and amortization	9,531	7,535	19,067	14,412
Capital expenditures, cash and non-cash	6,192	18,357	13,766	34,190
Total assets	1,302,317		1,302,317		$ 1,319,556
Global Solutions [Member]
Schedule of financial data of reportable segments
Revenues	83,627	99,952	166,554	192,698
Operating Income	6,683	8,568	14,351	14,833
Depreciation and amortization	1,299	1,266	2,587	2,547
Capital expenditures, cash and non-cash	1,283	99	2,973	161
Total assets	317,457		317,457		319,703
TL [Member]
Schedule of financial data of reportable segments
Revenues	282,240	285,900	556,044	557,895
Operating Income	6,244	19,650	12,098	35,121
Depreciation and amortization	6,831	5,195	13,675	9,628
Capital expenditures, cash and non-cash	3,089	7,645	7,547	21,906
Total assets	694,857		694,857		768,064
LTL [Member]
Schedule of financial data of reportable segments
Revenues	122,346	138,943	235,776	270,588
Operating Income	753	8,367	1,912	17,026
Depreciation and amortization	1,002	737	2,012	1,572
Capital expenditures, cash and non-cash	1,439	3,447	2,733	4,271
Total assets	714,576		714,576		669,518
Corporate, Non-Segment [Member]
Schedule of financial data of reportable segments
Operating Income	(5,051)	(5,343)	(9,126)	(8,936)
Depreciation and amortization	399	337	793	665
Capital expenditures, cash and non-cash	381	7,166	513	7,852
Total assets	12,052		12,052		11,274
Consolidation, Eliminations [Member]
Schedule of financial data of reportable segments
Revenues	(4,781)	$ (6,865)	(9,310)	$ (14,281)
Total assets	$ (436,625)		$ (436,625)		$ (449,003)