#United States #Renton #Radiant Logistics #TCB Transportation

Radiant Logistics Acquires TCB Transportation

Renton, Washington – December 3, 2024 – Radiant Logistics, Inc. (NYSE American: RLGT), a prominent technology-driven provider of global transportation and added-value logistics services, has announced its acquisition of TCB Transportation Associates, LLC, commonly known as TCB Transportation. This company is based in St. Louis, Missouri and is renowned for its intermodal marketing expertise, particularly in handling 40-foot and 53-foot containers across North America.

The acquisition was made through Radiant's wholly-owned subsidiary, Radiant Road and Rail, Inc., and follows a structured transaction similar to Radiant's previous acquisitions. A part of the purchase price is expected to be contingent on the performance of TCB's operations in the coming years.

Founded in 1999, TCB Transportation prides itself on being a 'one-stop shop' for its clients. The firm specializes in providing comprehensive door-to-door services by leveraging strategic relationships with steamship lines, Class I railroads, and a vast drayage network. TCB holds a notable reputation as one of the leading providers for 40-foot containers, catering to various sectors, including forestry products, food and beverage, metals and mining, and chemicals. After the acquisition, TCB will continue its operations under the leadership of Jerry Kausch, Jr., the company's founder, and is set to transition to operating under the Radiant brand by 2025. Post-acquisition, Kausch will report to Christopher Brach, the Senior Vice President and General Manager of Radiant Road and Rail, Inc.

In a statement, Jerry Kausch, Jr. expressed his enthusiasm for the new partnership, stating, "Throughout our years of devoted service, our customers have always been our top priority. We sought a long-term partner who shares our dedication to customer service and a vision for advancing our business, while also fostering opportunities for growth for our employees. We found that partner in Radiant, and I am looking forward to combining our strengths with the expansive capabilities of the Radiant network to deliver more value to our customers."

Radiant Logistics' Founder and CEO, Bohn Crain, also commented on the acquisition, stating, "We are thrilled to welcome Jerry, Kent Fensom, Dan Byington and the entire TCB team into our family. We have been searching for the right opportunity to boost our bi-modal brokerage platform, and our collaboration with TCB presents tremendous potential to enhance support for TCB's client base through our advanced technology and broaden their access to our over-the-road brokerage and international forwarding services."

Background on Radiant Road & Rail

Radiant Road & Rail, Inc. is a wholly-owned subsidiary of Radiant Logistics, Inc. and serves as the backbone of the Radiant Network's intermodal and over-the-road brokerage services in the U.S. Originally established in 1938 as Clipper Exxpress, this company played a critical role in pioneering intermodal transport by providing 'piggyback' rail services, allowing for the transportation of semi-trailers across the continent without the necessity of a tractor for each load. Over its long history of 85 years, Radiant Road & Rail has developed into a leader in the intermodal, temperature-controlled, and over-the-road transportation sectors, emphasizing the importance of eco-friendly and reliable logistics solutions across the United States, Canada, and Mexico.

About Radiant Logistics

Radiant Logistics, Inc. operates as a publicly traded third-party logistics provider that focuses on technology-enabled services and global transportation solutions, predominantly catering to markets in the U.S. and Canada. Their extensive service portfolio includes both domestic and international freight forwarding, along with truck and rail brokerage services, which are supported by a vast network of Radiant and agent-owned offices in North America and across essential markets worldwide. Beyond transportation services, Radiant offers logistics solutions that encompass warehouse management, customs brokerage, order fulfillment, inventory oversight, and various technology-related services, positioning them as a comprehensive logistics partner for manufacturers, distributors, and retailers.

This acquisition marks an important step in Radiant's strategy to enhance its service capabilities and expand its operational reach, making it well-poised to meet the growing demands of the logistics industry.

Looking Ahead
As Radiant Logistics integrates TCB Transportation into its operations, stakeholders can anticipate not only an expansion of service offerings but also innovations that leverage both companies’ strengths to create a more efficient logistics framework in North America.