Tranche Update on Radiant Logistics, Inc.'s Equity Buyback Plan announced on February 22, 2022.
February 08, 2024 at 04:56 pm EST
Share
From October 1, 2023 to December 31, 2023, the company has repurchased 497,052 shares, representing 1.07% for $2.85 million. With this, the company has completed the repurchase of 3,939,442 shares, representing 8.26% for $25.5 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.