RADIANT LOGISTICS AWARDED 5 YEAR CONTRACT WITH USAID

Rhea-AI Summary

Radiant Logistics (NYSE American: RLGT) has been awarded a 5-year contract by USAID to provide global transportation services for personnel and emergency disaster equipment. This contract, through Radiant's subsidiary Radiant Global Logistics, Inc., is for the Bureau of Humanitarian Assistance.

The company has a proven track record in critical missions, including support following the earthquake in Türkiye and cyclone in Vanuatu. Radiant's expertise lies in heavy lift air chartering, special projects, and disaster response logistics, enabling rapid deployment of personnel and lifesaving equipment into complex environments.

As a prime contractor, Radiant will be responsible for transporting personnel, emergency disaster equipment, cargo, and service animals worldwide over the next five years.

Positive

• Secured a 5-year contract with USAID, indicating long-term revenue stability
• Continuation of existing relationship with USAID, demonstrating client trust
• Expansion of services in the humanitarian and governmental sector
• Proven track record in critical missions and disaster response logistics

Negative

• None.

News Market Reaction

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On the day this news was published, RLGT declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Set to provide mission critical support in transportation and logistics
services for personnel and equipment across the globe

RENTON, Wash., Aug. 21, 2024 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has been named, through its wholly-owned subsidiary Radiant Global Logistics, Inc., as a global transportation provider for personnel and emergency disaster equipment for the Bureau of Humanitarian Assistance, in conjunction with USAID.

This contract is a continuation of the confidence placed by USAID in the Humanitarian and Governmental arm of Radiant for critical missions around the globe. Radiant has consistently performed with the dedication and urgency that is required for search and rescue projects, including mission critical support following the earthquake in Türkiye, delivering tarps and blankets following the cyclone in Vanuatu, along with countless other projects.

Radiant's heavy lift air chartering, special projects and disaster response logisticians are second to none when it comes to getting personnel & lifesaving equipment into disaster zones and highly complex operating environments, with little to no notice. While no one wishes for the worst to happen, Radiant is prepared for when it does. We truly understand the rapid deployment of support is vital to mission success.

As a prime contractor for the BHA and USAID, Radiant will over the next five years be at the ready to transport personnel, emergency disaster equipment, packs, cargo and service animals into challenging areas all around the world.

For further information or to engage with the Radiant Humanitarian Aid and Disaster Relief team, please reach out to government-humanitarian@radiantdelivers.com.

About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) (NYSE American: RLGT) is a publicly traded third party logistics company providing technology-enabled global transportation and value added logistics solutions primarily to customers based in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base including manufacturers, distributors and retailers which it supports from an extensive network of Radiant and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services.

 

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SOURCE Radiant Logistics, Inc.

FAQ

What is the duration of Radiant Logistics' new contract with USAID?

Radiant Logistics (RLGT) has been awarded a 5-year contract with USAID.

What services will Radiant Logistics provide under the USAID contract?

Radiant Logistics will provide global transportation services for personnel, emergency disaster equipment, cargo, and service animals for USAID's Bureau of Humanitarian Assistance.

Has Radiant Logistics (RLGT) worked with USAID before?

Yes, this contract is a continuation of Radiant Logistics' existing relationship with USAID, indicating previous successful collaborations.

What are some examples of Radiant Logistics' past humanitarian missions?

Radiant Logistics has provided mission-critical support following the earthquake in Türkiye and delivered supplies after the cyclone in Vanuatu, among other projects.