Welcome to our dedicated page for Radiant Logistic news (Ticker: RLGT), a resource for investors and traders seeking the latest updates and insights on Radiant Logistic stock.
Radiant Logistics reports developments for a technology-enabled third-party logistics business that provides global transportation and value-added logistics services. The company offers domestic and international freight forwarding, truck and rail brokerage, warehouse and distribution, customs brokerage, order fulfillment, inventory management and logistics technology services to customers primarily in the United States, Canada and Mexico.
Recurring RLGT news includes quarterly financial results, acquisition and operating-network expansion, company-owned and agent-owned office activity, share repurchase authorizations and digital logistics initiatives such as the Navegate platform and the Ray AI agent. Company updates also cover international gateway expansion, including operations in Hong Kong, Shanghai and Shenzhen, as part of Radiant's freight forwarding and logistics network.
Radiant Logistics (NYSE:RLGT) reported strong financial results for fiscal year 2025, with revenues increasing 12.5% to $902.7 million. Net income rose significantly to $17.3 million ($0.37 per basic share), up from $7.7 million in the previous year. The company's adjusted EBITDA grew 24.4% to $38.8 million.
During the year, RLGT completed several strategic acquisitions, including USA Logistics Services, Universal Logistics, and an 80% stake in Mexico-based Weport. The company maintains a strong balance sheet with $22.9 million in cash and only $20 million drawn on its $200 million credit facility. RLGT also conducted a share buyback, purchasing 145,717 shares at an average cost of $5.48 per share.
Radiant Logistics (NYSE American: RLGT), a technology-enabled global transportation and logistics services provider, has scheduled its fourth fiscal quarter and full-year 2025 financial results conference call for Monday, September 15, 2025, at 4:30 PM Eastern.
The call will be hosted by Bohn Crain, Founder and CEO, and is open to all interested parties including investors and press. Participants can access the call through both US and international dial-in numbers, and a replay will be available from September 16 to September 29, 2025. Additionally, a webcast of the call can be accessed through the company's website.
Radiant Logistics (NYSE American: RLGT) has acquired an 80% ownership stake in Weport, a Mexico-based global transportation and logistics solutions provider. Founded in 2016 and headquartered in Mexico City, Weport offers comprehensive services including international ocean and airfreight forwarding, multi-modal domestic services, customs brokerage, and warehousing.
The acquisition structure includes performance-based payments and the right to acquire the remaining 20% stake in the future. Weport will continue operating under founder Ricardo Rochman's leadership and plans to transition to the Radiant brand during 2026. The strategic move strengthens Radiant's North American platform and enhances its capabilities in Mexico.
Radiant Logistics (NYSE American: RLGT), a technology-enabled global transportation and logistics services company, has scheduled a conference call for Monday, May 12, 2025, at 4:30 PM Eastern to discuss its financial results for Q3 FY2025 ended March 31, 2025. The call will be hosted by CEO Bohn Crain and is open to all interested parties. A webcast will be available through the company's website, and a replay will be accessible from May 13 to May 26, 2025.
Radiant Logistics (NYSE American: RLGT) has achieved dual recognition in Transport Topics' 2025 rankings, securing positions as the #71 third-party logistics provider and #92 freight brokerage firm in North America. The rankings, based on full-year gross revenue, showcase Radiant's resilience in a challenging market environment marked by slow freight recovery and supply chain uncertainties due to tariffs and shifting trade policies.
The company's success is attributed to its diversified business model across industries and geographies, coupled with its comprehensive domestic and international transportation services. CEO Bohn Crain highlighted Radiant's proprietary global trade management platform (GTM) as a key differentiator in helping customers navigate complex supply chain challenges. Since 2006, the company has maintained its commitment to a relationship-driven, technology-forward approach, serving manufacturers, distributors, and retailers throughout North America and global markets.
Radiant Logistics (NYSE American: RLGT) has announced the acquisition of USA Logistics Services, Inc. and USA Carrier Services, , Philadelphia-based companies that have operated under its Service By Air brand since 2014. The acquired companies, founded in 1999, specialize in medical equipment transport, time-sensitive air freight, and oversized project cargo.
The transaction follows Radiant's previous acquisition structure, with part of the purchase price tied to future performance. Post-acquisition, USA Logistics will transition to the Radiant brand and merge with existing Philadelphia operations. Mike Boyce, founder of USA Logistics, will serve as General Manager of the combined organization, reporting to Tim O'Brien, SVP of Radiant's U.S. forwarding operations.
This strategic acquisition strengthens Radiant's Mid-Atlantic freight forwarding and cartage operations, maintaining the existing customer service infrastructure while leveraging Radiant's larger operational platform.
Radiant Logistics (NYSE American: RLGT) has acquired Transcon Shipping, a California-based company specializing in ocean freight forwarding services. Transcon, founded in 1997, generated approximately $4.0 million in normalized EBITDA on $75.0 million in revenues for calendar year 2024.
The acquisition strengthens Radiant's international capabilities in strategic gateway locations including Los Angeles, New York, and Chicago. Transcon offers ocean import business from the transpacific, including buyer consolidation services, LCL, FCL, and special projects for industries such as furniture, recreational automotive, food, and consumer goods.
The transaction structure includes performance-based payments in subsequent periods. Transcon will transition to the Radiant brand throughout 2025, with Terry Lynch continuing as VP of Global Network Development.
Radiant Logistics (NYSE: RLGT) reported strong financial results for Q2 FY2024 ended December 31, 2024, with revenues reaching $264.5 million, up 31.5% year-over-year. Net income increased significantly to $6.5 million ($0.14 per basic share), a 550% improvement from the prior year.
The company achieved Adjusted EBITDA of $12.0 million, up 55.8% year-over-year, with an improved EBITDA margin of 19.0%. During the quarter, RLGT completed three strategic acquisitions: Foundation Logistics & Services, Focus Logistics, and TCB Transportation.
Despite strong Q2 results, management expects near-term challenges due to market headwinds and potential impacts from recently introduced tariffs with China, Mexico, and Canada. The company maintains a strong financial position with $20.0 million in cash and an untapped $200 million credit facility.