Radiant Logistics, Inc. Buyback
OLI recorded this information on 3/13/2018
Radiant Logistics, Inc.
Share Amount Authorized:
Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, today announced that its board of directors has authorized the repurchase of up to five million shares of the Company's common stock through December 31, 2019. As of February 1, 2018, the Company had 49,341,907 shares outstanding.
Radiant Logistics operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily in the U.S. and Canada. Through its operating locations across North America, Co. provides domestic, international air and ocean freight forwarding services and freight brokerage services. Co.'s primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are larger than shipments handled by integrated carriers of primarily small parcels. Co. also provides other logistics services including materials management and distribution services, and customs house brokerage services.
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Strong Buy (4.00 out of 4)