Analysts Downgrade Roadrunner Following Weak Q1 Report, Lowered Guidance

Albrecht added that the company's Q1 performance means that there needs to be a "significant ramp up" in performance from Q2 onward. While he expects some normal, seasonal improvement, the analyst said that history indicates it could take the industry all year to work off 3%-4% excess capacity and that the tailwind of negative TL and intermodal pricing will be felt "more clearly" in Q2 and Q3.

PRICE ACTION: In afternoon trading, Roadrunner Transportation Systems plunged 27.74% to $7.41.

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