JOC Staff | Nov 13, 2012 9:23AM EST
Freight forwarding company Radiant Logistics recently reported its income in the first fiscal quarter, ending Sept. 30, was $403,153, a drop of 38 percent from last year’s profit of $655,027 in the first quarter.
Quarterly revenue was $79.1 million, jumping 10.2 percent from $71.8 million in the same quarter in 2011.
Adjusted EBITDA in the first quarter increased 52.9 percent to $2.5 million, compared with $1.6 million in the same period last year.
Radiant Logistics completed acquisition of Los Angeles-based Marvir Logistics on Nov. 1, and this is expected to provide cost savings, the company said.