Tranche Update on Radiant Logistics, Inc.'s Equity Buyback Plan announced on February 22, 2022.
September 13, 2023 at 04:58 pm EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 944,385 shares, representing 2% for $6.06 million. With this, the company has completed the repurchase of 3,407,041 shares, representing 7.11% for $22.41 million under the buyback announced on February 22, 2022.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.