Cost reduction offsets COVID impacts for Radiant Logistics in FQ1

Containers moved at port

Third-party logistics provider Radiant Logistics Inc. (NYSE: RLGT) is seeing an “extraordinarily tight” capacity environment as the company’s revenue continues to slowly bounce back from the pandemic.

The Bellevue, Washington-based multimodal transportation company reported Monday after the market close adjusted net income of $6.5 million, or 13 cents per share, for its fiscal first quarter ended Sept. 30. The result was in line with the same quarter in 2019.

“Through a number of cost-saving and...

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