Strengthen multimodal transport and road freight brokerage platforms; Jeff Vielhaber will be responsible for the network expansion of Radiant Road and Rail.
Redmond, Washington, October 6th / PRNewswire / —— Radiant Logistics, Inc. ( NYSE American : RLGT ) Today, we announce that the company has acquired the Dallas business of Whitacre Logistics Services, LLC through its wholly-owned subsidiaries Radiant Road & Rail, Inc. The transaction will take effect on October 1, 2026. Radiant Logistics is a leading provider of technology-driven global transportation and value-added logistics solutions.
Whitacre's Dallas business is mainly engaged in multimodal transport and road brokerage services, serving clients across various industries such as construction materials, industrial manufacturing, and packaging. The company stated that the structure of this transaction is similar to previous ones, with some of the expected acquisition payments to be made in subsequent periods, depending on the future performance of the acquired business.
After the transaction is completed, the acquired business will continue to operate as part of Radiant Road & Rail, and will be led by Jeff Vielhaber; at the same time, he will also be responsible for the development of the proxy networks for Radiant Road & Rail. Jeff will report to Radiant, the Senior Vice President and General Manager of US brokerage business, Chris Brach.
The owner of Whitacre, Gary Whitacre, stated: "Dallas represents an exciting opportunity for expansion, and a significant portion of this business lies in the field of multimodal transportation, which is precisely an area where Radiant has extensive experience. This transaction puts the Dallas business in the hands of the right people, while we can continue to focus on our core business in the Ohio River Valley. I am grateful that Radiant has become a partner who understands and respects the achievements we have made. I believe that under the continued leadership of Jeff, the customers and employees in Dallas will receive excellent service."
Jeff Vielhaber For many years, our customers have always been our top priority, and it is of utmost importance to find them suitable long-term partners. The technical platform of Radiant and its extensive experience in multimodal transportation make it the ideal choice to support us in establishing our business in Dallas. I am delighted to bring this customer-first philosophy to a larger stage; on one hand, to continue expanding our customer base in Dallas, and on the other hand, to help Radiant expand its agency network across the United States.
Radiant, the founder and CEO, stated: "We are very pleased with the opportunity to collaborate with Gary Whitacre on this Dallas transaction, and we look forward to working with Jeff and the rest of the team as well. We aim to accelerate the growth of our dual-mode brokerage platform, and this transaction provides us with an excellent opportunity to support the acquired customer base with a strong technical platform and an expanded range of services, including domestic and international freight forwarding, customs clearance, and a variety of other value-added services."
About Radiant Road & Rail
Radiant Road & Rail, Inc are wholly-owned subsidiaries of Radiant Logistics and Inc. They also serve as Radiant Network's platform for multimodal transport and road freight brokerage services in the United States. The company was initially established in 1938 under the name of Clipper Exxpress and was a pioneering provider of multimodal transport services. By booking flatbed space on railway cars to transport semi-trailers, they offered "piggyback" railway transportation, eliminating the need for a tractor for each shipment. Over its 85-year development, Radiant Road & Rail has evolved into a leading enterprise in multimodal transport, road transport, and temperature-controlled transport services. With decades of experience in optimizing transport modes, they provide an efficient, environmentally friendly, and time-efficient long-distance transport solution via railway in the United States, Canada, and Mexico.
Regarding Radiant Logistics ( NYSE American : RLGT )
Radiant Logistics, Inc is a publicly traded third-party logistics company that primarily serves customers in the United States and Canada, providing technology-driven global transportation and value-added logistics solutions. Through its comprehensive range of services, Radiant offers domestic and international freight forwarding, as well as trucking and rail brokerage services. Its clients include manufacturers, distributors, and retailers, and it is supported by a large network of its own and agency offices across North America and other key markets around the world. Radiant's value-added logistics services include warehousing and distribution, customs clearance, order fulfillment, inventory management, and technical services.
This press release contains forward-looking statements as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended), which relate to future operating performance, events, trends, and plans. Except for historical fact statements contained herein, all statements, including but not limited to those regarding the company's future financial condition, business strategy, budgets, estimated revenues and costs, as well as management's future operating plans and objectives, are forward-looking statements. Forward-looking statements can typically be identified by the use of words such as “forward-looking,” “anticipates,” “expects,” “plans,” “believes,” “intends,” “projections,” “ests,” “target,” and similar phrases. The company makes these forward-looking statements based on current expectations and projections about future events. These statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions, which may cause the company's actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ from expectations include, but are not limited to: whether the company's historical business performance will continue recent trends and reflect the synergies that the company believes will be obtained from recent acquisitions; and other risk factors disclosed in the company's 10-K report for the fiscal year ending June 30, 2023, item 1A, and in other documents filed with the U.S. Securities and Exchange Commission and public materials and press releases, which are available on the company's website ( www.radiantdelivers.com ). Readers are cautioned not to rely too heavily on these forward-looking statements, as they are only valid as of the date they are made.Such statements do not guarantee future performance or events, and the company has no obligation to update these forward-looking statements to reflect subsequent events or circumstances after the date of this statement.
