Radiant Logistics is like a smaller, full-service version of CH Robinson for businesses, managing their freight and supply chains.

Radiant Logistics is essentially an Expedia for business cargo, coordinating global freight movement and logistics services without owning the trucks or planes.

• Domestic & International Freight Forwarding: Manages the transportation of goods across various modes (air, ocean, ground, rail) both within a country and internationally.
• Customs Brokerage: Facilitates the customs clearance process for imported and exported goods, ensuring compliance with trade regulations.
• Warehousing & Distribution: Provides storage solutions and manages the movement of goods from a warehouse to their final destination.
• Supply Chain Management: Offers comprehensive solutions to optimize the flow of goods, information, and finances from origin to consumption.
• Brokerage Services (LTL & Truckload): Arranges transportation for less-than-truckload (LTL) and full truckload (TL) freight through a network of carriers.

Major Customers of Radiant Logistics (RLGT)

Radiant Logistics (RLGT) primarily operates on a business-to-business (B2B) model, providing multi-modal transportation and logistics services to a diverse range of companies. According to the company's annual reports (10-K filings), no single customer accounted for more than 10% of its consolidated revenues for the most recently reported fiscal years. Consequently, Radiant Logistics does not disclose specific major customer names.

Instead, the company describes its customer base by the categories of businesses and entities it serves, which include:

• Manufacturing companies
• Retail companies
• Government entities

These categories represent a broad spectrum of industries and organizations that utilize Radiant Logistics' supply chain solutions for their freight forwarding, transportation, and logistics needs.

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Bohn H. Crain, Founder, Chairman and Chief Executive Officer

Bohn Crain founded Radiant Logistics in 2005 and serves as its Chairman and Chief Executive Officer. He also founded Radiant Capital Partners, LLC in 2005, which was established to pursue a consolidation strategy within the transportation and logistics sector. Crain began Radiant Logistics with $5 million in seed capital and notably opted to build the company independently, declining offers from private equity firms to ensure greater equity participation and personal upside. His extensive background in transportation and logistics spans over 20 years, including roles as Executive Vice President and Chief Financial Officer for Stonepath Group, Inc. from 2002 to 2005, and for Schneider Logistics, Inc. in 2001. Prior to that, he was Vice President and Treasurer of Florida East Coast Industries, Inc. from 2000 to 2001, and held various vice president and treasury positions at CSX Corporation and its subsidiaries between 1989 and 2000. He holds a Bachelor of Science in accounting from the University of Texas.

Todd E. Macomber, Senior Vice President and Chief Financial Officer

Todd Macomber has been the Senior Vice President and Chief Financial Officer of Radiant Logistics since March 2011. He joined Radiant in December 2007 as Vice President and Corporate Controller, and then served as Senior Vice President and Chief Accounting Officer starting in August 2010. Before joining Radiant Logistics, Macomber held the position of Senior Vice President and Chief Financial Officer at Biotrace International, Inc., a subsidiary of Biotrace International PLC, which was listed on the London Stock Exchange. He earned a Bachelor of Arts with an emphasis in accounting from Seattle University and is a Certified Public Accountant.

Jaime Becker, Senior Vice President and General Counsel

Jaime Becker was promoted to Senior Vice President and General Counsel at Radiant Logistics in January 2024. She brings over a decade of experience in legal roles, supporting both publicly and privately held domestic and international companies across the technology, logistics, construction, and oil and gas industries. Her previous experience includes being part of the legal team at Amazon and a recent role at Convoy. Becker holds a Bachelor of Arts degree from Pepperdine University and a Juris Doctorate from Pepperdine University School of Law.

Tim O'Brien, Senior Vice President and General Manager, Forwarding

Tim O'Brien joined Radiant Logistics in 2013 as Regional Vice President for the Eastern Region and has since taken on increasing responsibilities. In 2020, he was appointed Senior Vice President and General Manager for the company's Forwarding Operations, where he oversees the company-owned forwarding operations throughout the U.S. O'Brien possesses over 30 years of industry experience, having held senior leadership positions in both sales and operations at companies such as Lynden International, Hellmann Worldwide Logistics, GeoLogistics, and Airborne Express. He holds a Bachelor of Science in Commerce Degree from Rider University, with a double major in Management/Labor Relations and European History.

The key risks to Radiant Logistics (RLGT) are:

1. Material Weaknesses in Internal Control Over Financial Reporting: Radiant Logistics has reported material weaknesses in its internal control over financial reporting. In 2022, management concluded that their disclosure controls and procedures were not effective, specifically regarding the recording and processing of revenue, which lacked the necessary precision to ensure completeness and accuracy. The company is actively working on remediating these material weaknesses.
2. Sensitivity to Global Economic Conditions and Freight Market Volatility: The logistics industry, including Radiant Logistics, is highly dependent on global economic conditions, trade activity, and the cyclical nature of freight markets. The company has recently experienced rapidly softening freight markets, lower ocean rates, and reduced ocean volumes, which have led to lower quarterly revenue. This exposure to macroeconomic pressures and trade turmoil can result in an imbalance between supply and demand, directly impacting profitability.
3. Intense Competition and Thin Margins: The freight and logistics market is highly fragmented, attracting numerous players that compete intensely on pricing. This competitive landscape puts significant pressure on margins, a characteristic that makes RLGT a higher-risk investment. Radiant Logistics competes with various asset-owned and non-asset-owned logistics companies, transportation providers, and industry consultants.

The emergence of digital freight brokers and logistics platforms poses a significant threat to traditional third-party logistics providers like Radiant Logistics. Companies such as Uber Freight, Convoy, and Flexport leverage advanced technology, including AI and machine learning, to offer shippers and carriers greater transparency, real-time tracking, faster booking processes, and often more dynamic pricing. These tech-driven platforms are attracting substantial investment and market share by streamlining and digitizing processes that were traditionally more manual, potentially disintermediating parts of the conventional brokerage model.

Additionally, the expansion of logistics capabilities by large e-commerce giants represents an emerging competitive threat. Amazon Logistics, for example, built a vast network primarily for its own fulfillment but is increasingly offering its services to third-party businesses. This trend introduces competitors with immense capital, technological prowess, and scale, capable of redefining logistics expectations and directly competing with established 3PLs for various freight segments.

Radiant Logistics (RLGT) operates as a non-asset-based third-party logistics (3PL) provider, offering a comprehensive suite of services that include domestic and international freight forwarding, truckload (TL) and less-than-truckload (LTL) services, intermodal transportation, customs brokerage, and supply chain management solutions, including warehousing and distribution.

Addressable Markets:

• Third-Party Logistics (3PL) Market: The global third-party logistics market was valued at approximately USD 1,184.48 billion in 2024 and is projected to reach USD 2,546 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.5%. North America held a significant market share in 2023, with the U.S. accounting for around 82.40% of the total North American 3PL market in 2024.


• Freight Forwarding Market: The global freight forwarding market was estimated at USD 216.47 billion in 2024 and is projected to reach USD 285.60 billion by 2030, with a CAGR of 4.9%. Another estimate places the global market at USD 572.25 billion in 2025, expected to reach USD 740.85 billion by 2030, with a CAGR of 5.30%. The Asia Pacific region accounted for the largest share of the global market in 2024. North America accounted for 22.8% of the global freight forwarding market in 2024.


• Less-than-Truckload (LTL) Market: The global less-than-truckload (LTL) market was estimated at USD 216.68 billion in 2023 and is projected to reach USD 342.09 billion by 2030, growing at a CAGR of 6.9%. In 2024, North America dominated the global LTL market with a share of around 54%, and the U.S. market alone generated USD 114 billion in revenue.


• Truckload (TL) Logistics Market: The global truckload logistics market was valued at USD 959.3 billion in 2024 and is anticipated to reach USD 1,377.2 billion by 2033, growing at a CAGR of 4.1%. The U.S. truckload market alone generates over $875 billion annually in gross freight revenues. The global freight trucking market, which includes truckload, was valued at USD 2,739.24 billion in 2024.


• Intermodal Transportation Market: The global intermodal freight transportation market was valued at USD 42.9 billion in 2023 and is projected to reach USD 93.51 billion by 2030, growing at a CAGR of 12.1%. North America held the largest share of 35.6% in the intermodal freight transportation market in 2023.


• Customs Brokerage Market: The global customs brokerage market was valued at approximately USD 26.4 billion in 2024 and is projected to reach nearly USD 50.2 billion by 2034, registering a CAGR of 6.8%. The United States customs brokerage market size was US$ 5,199.3 million in 2024 and is expected to reach US$ 7,463.5 million in 2031, growing at a CAGR of 5.3%.


• Supply Chain Management (SCM) Market: The global supply chain management market size was valued at USD 25.67 billion in 2024 and is projected to reach USD 48.59 billion by 2030, growing at a CAGR of 11.4%. North America accounted for 38.5% of the global SCM market share in 2024.

Radiant Logistics (RLGT) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Strategic Acquisitions: The company consistently focuses on strategic acquisitions to expand its service offerings and geographic footprint. Recent examples include the acquisition of an 80% stake in Weport, a Mexico-based logistics firm, and six other strategic transactions in fiscal year 2025 aimed at enhancing its North American presence.
2. Expansion and Adoption of Navegate Technology Platform: Radiant Logistics anticipates its proprietary Navegate global trade management and collaboration platform will be a significant catalyst for organic growth. The platform is designed to provide enhanced visibility, automation, and efficiency in supply chain management, driving new customer adoption and expanded use by existing clients.
3. Organic Growth in Specialized Services: Beyond acquisitions and technological advancements, Radiant Logistics is actively pursuing organic growth in specific service areas, including contract logistics, customs services, and other emerging technology services.
4. Increased Sales Resources: To support the broader deployment of its Navegate platform and to capitalize on identified organic growth opportunities, the company plans to invest in and expand its sales resources.
5. Conversion of Agent Stations: A component of Radiant Logistics' growth strategy involves converting existing third-party agent stations into company-owned operations, which can lead to more integrated services and direct control over revenue streams.

Share Repurchases

• Radiant Logistics renewed its stock repurchase program in December 2023, authorizing the repurchase of up to five million shares of its common stock through December 31, 2025. [cite: 6 from previous search]
• The company repurchased approximately $11.3 million of its stock at an average price of $6.99 per share during the fiscal year ended June 30, 2022.
• Radiant Logistics repurchased $0.8 million of common stock during the fiscal year ended June 30, 2025. [cite: 5 from previous search, 10 from previous search] Additionally, the company purchased an extra 341,466 shares for $2.0 million through November 7, 2025.

Share Issuance

• In February 2020, Radiant Logistics issued 45,086 shares of common stock, valued at $0.3 million, as consideration for the acquisition of Friedway Enterprises, Inc. and CIC2, Inc. [cite: 7 from previous search]

Outbound Investments

• Effective September 1, 2025, Radiant Logistics acquired an 80% interest in Mexico-based Weport, expanding its North American footprint. [cite: 8 from previous search]
• The company completed the acquisition of Navegate in December 2021, which has since been rebranded as Radiant World Trade Services. [cite: 3 from previous search]
• In fiscal year 2025, Radiant Logistics completed three greenfield acquisitions and converted three strategic operating partners. [cite: 17 from previous search]

Capital Expenditures

• Radiant Logistics operates as a non-asset-based third-party logistics provider, characterized by minimal investment in physical assets and relatively low fixed operating costs.
• The company plans to increase spending on enhancing its technology platform in the fiscal year ending June 30, 2026, with a focus on customer-facing, vendor-facing, and user-facing tools. [cite: 5 from previous search]