The company said the results reflected its acquisition in April of DBA Distribution Services, which commonly operates under the name Distribution by Air. Radiant said it had $139,000 in non-recurring transaction and severance costs and $583,000 in non-recurring transition costs associated with the purchase.
Bellevue, Wash.-based Radiant had revenue of $70.9 million in the quarter, compared to $40.7 million in revenue.
For the year ended June 30, Radiant reported profit of $2.9 million on $203.8 million of revenues, compared to $2 million profit on $146.7 million of revenues the prior year.
Bohn Crain, Radiant’s chairman and chief executive officer, said “integration of DBA is ahead of schedule and we were able to capture most of the targeted cost savings effective Oct. 1, 2011 rather than our original plan of Jan. 1, 2012.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now