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The Securities and Exchange Commission has formally charged the former chief financial officer and two of his associates at Roadrunner Transportation Systems with accounting fraud and misleading investors about the company’s financial results.

Roadrunner Transportation Systems Inc. reported a fourth-quarter loss of $58.4 million, or $1.52 a share, compared with a loss of $23.3 million, or 61 cents per share in 2017. The Downers Grove, Ill.-based truckload and less-than-truckload carrier continues to struggle financially in the wake of an accounting scandal and the departure of several key executives, and at a time when business conditions in the freight industry remain strong.

Roadrunner Transportation Systems on May 15 continued the consolidation of its business divisions, moving its air transportation units into one integrated brand with a single management team and marketed as Active On-Demand.

Roadrunner Freight President Grant Crawford is leaving his job running the less-than-truckload division of Roadrunner Transportation Systems Inc., the carrier announced June 12.

Roadrunner Transportation Systems Inc. has hired Terence Rogers as chief financial officer, replacing Peter Armbruster, who was terminated March 29 after the carrier was forced to restate earnings reports from 2014 onward because of two accounting errors.

Roadrunner Transportation Systems Inc. said it has received a $540 million cash infusion from a private equity group that owns 8.6% of the shares in an announcement that also included a change in the senior leadership of the recently troubled trucking company.

Roadrunner Transportation Systems has combined two refrigerated fleets into one temperature-controlled division, hoping to reverse the financial woes that have plagued the carrier in recent months.

Roadrunner Transportation Systems Inc. reached agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a previously announced long-term loan amendment, the motor carrier said.

Not long ago, Roadrunner Transportation Systems was speeding down the growth highway.

Roadrunner Transportation Systems Inc. announced that it must fix quarterly and annual earnings reports from 2014 until the present due to accounting errors, just two months after the company admitted to miscalculating the leverage ratio on its debt.