Welcome to our dedicated page for Radiant Logistics news (Ticker: RLGT), a resource for investors and traders seeking the latest updates and insights on Radiant Logistics stock.
Radiant Logistics, Inc. (NYSE MKT: RLGT) operates as a non-asset-based third-party logistics provider, encompassing several brands including Radiant Global Logistics, Wheels Group Inc, Adcom Worldwide, Airgroup, On Time Express, Distribution by Air, Service by Air Inc., and its minority business affiliate Radiant Logistics Partners. The company services a diversified client base comprising manufacturers, distributors, and retailers. Leveraging a network of independent carriers and international agents strategically located worldwide, Radiant Logistics offers comprehensive logistics solutions.
Core Services:
- Domestic: Airfreight services such as NFO, same day, next day AM or PM, standard (2-day), economy (3-day), and insurance options. Ground services include time-definite LTL, FTL, rollerbed, flatbed, lift gate, air ride, refrigerated, hot shot, and pool distribution.
- Specialized: Oversized, intermodal transport.
Radiant Logistics stands out as one of North America's fastest-growing logistics networks, boasting nearly 100 domestic stations and a continually expanding international presence.
Recent Achievements:
- Promotion of Jaime Becker: On January 9, 2024, Jaime Becker was promoted to Senior Vice President and General Counsel, bringing over a decade of experience in supporting diverse industries including technology, logistics, construction, and oil and gas.
- Acquisitions: The company acquired Select Logistics, Inc. and Select Cartage, Inc. in February 2024, Viking Worldwide, Inc. in April 2024, Cascade Transportation, Inc. in June 2024, and DVA Associates, Inc. also in June 2024. These acquisitions bolster Radiant's presence and capabilities in key geographic locations.
- Stock Buy-Back: As of March 31, 2024, Radiant has purchased 532,401 shares of its common stock at an average cost of $5.79 per share, amounting to a total of $3.1 million.
Financial Highlights:
- For the quarter ended December 31, 2023, Radiant reported $201.1 million in revenues with a net income of $1.0 million. Adjusted EBITDA for the same period was $7.7 million.
- For the nine months ended March 31, 2024, the company achieved revenues of $596.4 million and net income of $2.9 million, with adjusted EBITDA reaching $22.1 million.
Radiant continues to enhance its logistics services, supported by a robust technology platform, extensive purchasing power, and a global network, ensuring comprehensive solutions for domestic, international, and U.S.-Mexico cross-border freight forwarding and logistics services.
Visit Radiant Logistics for more details.
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RLGT - Radiant Logistics Reports $7.9M in Cash from Operations, Acquires Daleray Corporation, and Implements Stock Buy-Back Program
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Radiant Logistics, Inc. (NYSE American: RLGT) will host a conference call on November 9, 2023, at 4:30 PM Eastern to discuss the company's financial results for the three months ended September 30, 2023. The call is open to all interested parties and will be hosted by Bohn Crain, Founder and CEO.
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Radiant Road & Rail Recognized as a Top Food Chain Provider by Food Shippers of America
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Radiant Logistics acquires Daleray Corporation, expanding its cruise logistics service offerings in south Florida.
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Radiant Logistics reports financial results for FYE June 30, 2023
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Radiant Logistics to host conference call on September 13 to discuss financial results for Q2 and full year 2023.
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Radiant Logistics, Inc. announces the opening of a new operating location in Overland Park, Kansas, for its subsidiary Radiant Road and Rail, Inc. The new location will enhance the company's bi-modal brokerage operation, offering various transportation and logistics services. Steve McCleary and Ryan Stroup, formerly of Yellow Logistics, will lead the local teams. CEO Bohn Crain expresses excitement for the expansion and believes it will boost the company's over-the-road brokerage capabilities.
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Radiant Logistics, Inc. announces the opening of a new operating location in Kansas City, Missouri, called Radiant Global Logistics (RGL-MKC). RGL-MKC will provide specialized first and final mile control tower solutions for commercial and residential services across North America. Nancy Davis will lead RGL-MKC, leveraging Radiant's technology platform and extensive footprint.
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FAQ
What is the current stock price of Radiant Logistics (RLGT)?
The current stock price of Radiant Logistics (RLGT) is $7.22 as of November 21, 2024.
What is the market cap of Radiant Logistics (RLGT)?
The market cap of Radiant Logistics (RLGT) is approximately 339.7M.
What services does Radiant Logistics offer?
Radiant Logistics provides domestic and international air and ocean freight forwarding services, truckload and less-than-truckload services, and intermodal services. Their value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services.
What recent acquisitions has Radiant Logistics made?
Radiant has recently acquired Select Logistics, Inc., Select Cartage, Inc., Viking Worldwide, Inc., Cascade Transportation, Inc., and DVA Associates, Inc.
Who is the current General Counsel at Radiant Logistics?
Jaime Becker was promoted to Senior Vice President and General Counsel on January 9, 2024.
What are Radiant Logistics' core business segments?
Radiant Logistics operates in the United States and Canada, providing services through domestic airfreight, ground transport, and specialized logistics.
How does Radiant Logistics support the cruise industry?
Radiant has acquired companies like Daleray Corporation and Select Logistics, which specialize in cruise logistics, strengthening its service offerings in this industry.
What is Radiant's strategic approach to growth?
Radiant focuses on delivering profitable growth through organic initiatives, acquisitions, and stock buy-backs. They partner with logistics entrepreneurs to provide a unique value proposition and built-in exit strategy.
How many shares has Radiant Logistics bought back recently?
Radiant has bought back 532,401 shares of its common stock at an average cost of $5.79 per share as of March 31, 2024.
What is Radiant Logistics' financial condition?
As of March 31, 2024, Radiant reported revenues of $596.4 million, net income of $2.9 million, and adjusted EBITDA of $22.1 million for the nine months ended.
Where can I find more information about Radiant Logistics?
For more detailed information, visit their website at www.radiantdelivers.com.
What technology does Radiant Logistics use?
Radiant leverages a robust technology platform, including recent upgrades to their SAP TM platform, to support and enhance their logistics services.
Radiant Logistics, Inc.
NYSE:RLGT
RLGT Rankings
RLGT Stock Data
339.67M
35.59M
24.1%
58.61%
1.07%
Integrated Freight & Logistics
Arrangement of Transportation of Freight & Cargo
United States of America
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