Radiant Logistics Inc (NYSE American: RLGT) is a third-party logistics company that arranges domestic and international freight transportation services primarily in the United States and Canada. Revenue is generated on a transactional basis by purchasing transportation capacity from asset-based carriers and reselling it to shippers at a markup, with the spread between customer price and carrier cost constituting adjusted gross profit. The company operates through a multi-brand network of over 100 locations, including approximately 30 company-owned sites and a larger base of independently owned strategic operating partners operating under the Airgroup, Adcom, DBA, Service by Air, and Navegate brands. Incorporated in Delaware in 2001, with business operations beginning in 2006, Radiant is a non-asset-based carrier, meaning it does not own the trucks, aircraft, or ships used to move freight. Strategic operating partners contributed approximately 42% of consolidated adjusted gross profit in the fiscal year ended June 30, 2025, down from 50% in fiscal year ended June 30, 2024.

Revenue model

Transactional freight intermediary model. Radiant quotes customers a turnkey price for freight movement, purchases the underlying transportation from asset-based carriers at a lower cost, and retains the spread as adjusted gross profit. No subscription or recurring-fee component is disclosed in the filing.

Products and services

Domestic and international freight forwarding, freight brokerage (truckload, LTL, intermodal, air, ocean), temperature-controlled and refrigerated transport, flatbed and dry van services, intermodal drayage, customs house brokerage, and supply chain management services. Intermodal services focus on shipments of at least 750 miles. LTL uses a point-to-point model rather than hub-and-spoke routing.

Customers and end markets

Diversified account base across multiple industries and geographies. End markets include food and beverage, consumer packaged goods, and frozen and refrigerated products, among others. Shipments are generally larger than small-parcel freight handled by integrated carriers. No single customer concentration figure is disclosed in the excerpts provided.

Value-chain role

Non-asset-based freight intermediary sitting between shippers and asset-based carriers. Radiant arranges, coordinates, and monitors shipments but does not own the primary transportation assets. It negotiates carrier rates, tracks shipments in transit, and handles freight loss or damage claims on behalf of customers.

Geographic exposure

Primarily United States and Canada. Freight brokerage operations are managed through centralized service centers in Chicago, Illinois and Toronto, Ontario. International services are supported through an integrated international service partner network in other key markets.

Competitors

FedEx, DHL, UPS

Source: SEC 10-K, filed 2025-09-15

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