RADIANT LOGISTICS ANNOUNCES RENEWAL OF ITS STOCK REPURCHASE PROGRAM

Radiant Logistics, Inc. | February 23, 2022

RADIANT_LOGISTICS_ANNOUNCES
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, 2023. As of February 1, 2022, the Company had 49,443,305 shares outstanding.

The share repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The Company expects to fund all purchases from existing cash balances, cash available under the Company's revolving credit facility and future cash flows from operations. The program allows the Company to repurchase its shares at its discretion. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the purchases and the number of shares repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice.

We believe the current share price does not adequately reflect Radiant's long-term growth prospects, and therefore, the repurchase of our shares could represent an excellent investment opportunity for both the Company and our shareholders."

Bohn Crain, Founder and CEO.

Spotlight

Controlled Fleet Trials with the Hypertruck ERX demo vehicle continue with Detmar Logistics, Texas-based frac sand solutions provider, and early adopter of the Hyliion Hybrid technology. Detmar embedded a Hyliion Hypertruck ERX demo vehicle in its operations to experience the technology’s capabilities firsthand as it made daily hauls along West Texas routes.


Other News
SUPPLY CHAIN

o9 Solutions and project44 Accelerate Their Partnership to Support Enterprises with Enhanced End-to-End Supply Chain Planning

o9 Solutions | December 20, 2022

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, announced today that it is strengthening its partnership with project44, a leader in supply chain and logistics visibility, by providing an integrated, joint offering that enables enterprises to improve revenue and costs, enhance future planning and make more informed decisions across their end-to-end supply chain.Through this partnership, o9 and project44 will offer joint customers out-of-the-box integrations that connect o9’s Supply Chain Control Tower with project44’s high-quality real-time transportation visibility data – including predictive tracking, real-time ETAs and robust historical information. o9’s Supply Chain Control Tower allows organizations to sense demand and supply changes across the network and respond in real time with optimal, automated decisions. Through the o9 and project44 collaboration, joint clients are able to glean valuable data to quickly identify potential supply chain risks, understand their root causes and then take corrective actions to mitigate future disruptions. This partnership step progression with o9 Solutions provides enterprises with a more connected view of their supply chain to quickly make insightful, data-driven decisions, said Jett McCandless, Founder and CEO of project44. project44’s accurate, real-time supply chain visibility platform working in concert with o9’s Supply Chain Control Tower will better equip mutual clients to improve their customer experience and business outcomes. “As businesses face continued disruptions, the need for comprehensive logistic data is critical for planning and decision-making across all aspects of business and supply chain operations, By taking this next step in our partnership with project44, two category leaders remain committed to helping our customers proactively navigate supply chain uncertainties, both now and in the future.” -Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions About o9 Solutions, Inc. o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com. About project44 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world’s most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a five-time leader in customer satisfaction on G2’s Supply Chain Visibility Grid, one of Supply­Chain­Brain’s 100 Great Supply Chain Partners of 2022, and the Customer’s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.

Read More

SUPPLY CHAIN

Microsoft announces the Microsoft Supply Chain Platform, a new design approach for supply chain agility, automation and sustainability

Microsoft Corp | November 15, 2022

Microsoft Corp. announced the Microsoft Supply Chain Platform, which helps organizations maximize their supply chain data estate investment with an open approach, bringing the best of Microsoft AI, collaboration, low-code, security and SaaS applications in a composable platform. The company also announced the preview of Microsoft Supply Chain Center, a ready-made command center for supply chain visibility and transformation and part of the Microsoft Supply Chain Platform. Supply Chain Center is designed to work natively with an organization's supply chain data and applications, with built-in collaboration, supply and demand insights, and order management. "Businesses are dealing with petabytes of data spread across legacy systems, ERP, supply chain management and point solutions, resulting in a fragmented view of the supply chain, Supply chain agility and resilience are directly tied to how well organizations connect and orchestrate their data across all relevant systems. The Microsoft Supply Chain Platform and Supply Chain Center enable organizations to make the most of their existing investments to gain insights and act quickly." -Charles Lamanna, corporate vice president, Microsoft Business Applications and Platform Supply chain solutions are more critical than ever. Our early assessment of the Microsoft Supply Chain Platform and Supply Chain Center is that the company has put its technology, applications and resources together in a way that will serve its customer base well in a wide swath of IT and operations environments, offering flexibility for diverse IT environments and continuous agility for transformation into the future, said The Microsoft Supply Chain Platform: An open, collaborative and composable foundation for data and supply chain orchestration With today's announcement, we are making it easier for customers to realize the value of the Microsoft Cloud for their supply chain. The Microsoft Supply Chain Platform provides the building blocks across Azure, Dynamics 365, Microsoft Teams and Power Platform for customers to develop or independently adopt capabilities for their supply chain needs. With Dataverse, customers can create thousands of connectors to gain visibility across supply chain, develop custom workflows with low-code solutions in Power Platform, and securely collaborate internally and externally through the power of Teams. With tools and processes that drive positive impact, the platform can enable organizations to gain deeper insights and minimize the carbon impact of their organization and supply chain. The Microsoft partner ecosystem will continue to play a critical role in enabling customer supply chain resiliency and agility. With the Microsoft Supply Chain Platform, partners can bring their industry and domain expertise to create integrated solutions leveraging Dynamics 365 Supply Chain Management, Microsoft Azure, Microsoft Teams and Power Platform. We will continue to support our customers with a rich partner ecosystem including advisors and implementers like Accenture, Avanade, EY, KPMG, PwC and TCS. In addition, to help customers find the best solution for their supply chain needs, we'll continue working with solution providers such as Blue Yonder, Cosmo Tech, Experlogix, Flintfox, inVia Robotics, K3, O9 Solutions, SAS, Sonata, To-Increase Software and many more. Accelerating business agility with the Microsoft Supply Chain Center At the core of the Supply Chain Platform is the Microsoft Supply Chain Center, now available in preview, which provides a command center experience for practitioners to harmonize data from across existing infrastructure supply chain systems, such as data from Dynamics 365, and other ERP providers, including SAP and Oracle, along with standalone supply chain systems. Data Manager in Supply Chain Center enables data ingestion and orchestration to provide visibility across the supply chain and drive action back into systems of execution. During preview, our launch partners C.H. Robinson, FedEx, FourKites and Overhaul will offer native experiences within Supply Chain Center. Dynamics 365 Supply Chain Management customers automatically gain access to Supply Chain Center. Supply Chain Center also includes prebuilt modules to address supply chain disruptions across supply and order fulfillment: The supply and demand insights module leverages advanced Azure AI models to predict upstream supply constraints and shortages through supply intelligence. Organizations can perform simulations using data from their supply chain network to predict stock-outs, over-stocking or missed-order lines. Combined with smart news insights, which provide relevant news alerts in the Supply Chain Center on external events, supply chain practitioners can make decisions and plan with real-world event information and historical insights for product demands. The order management module in Supply Chain Center enables organizations to intelligently orchestrate fulfillment and automate it with a rules-based system using real-time omnichannel inventory data, AI and machine learning. Organizations can adapt quickly to meet future order volumes and fulfillment complexities by extending their capabilities with prebuilt connectors to the best-of-breed of specialized technology partners for order intake, delivery and third-party logistics services. Existing Dynamics 365 Intelligent Order Management customers will automatically get access to Supply Chain Center and the order management module at launch. With secure, built-in Teams integration, customers can mitigate supply constraints by collaborating with external suppliers in real time, to secure new supply sources, troubleshoot transportation issues, and communicate upstream and downstream impacts based on changes. With partner modules built into the Supply Chain Center, customers can unlock specific solutions, such as freight visibility from Overhaul, directly in the experience. Since everything runs off a Dataverse environment, the data is consistent no matter what module is being using. This eliminates pasting information back and forth and reconciling which reports have the most up-to-date information.

Read More

TRANSPORTATION

MercuryGate Extends Ocean Freight Procurement, Visibility and Supply Chain Compliance Capabilities with Strategic Acquisition

MercuryGate | November 09, 2022

MercuryGate® International, Inc., (MercuryGate) the largest dedicated transportation management and logistics solutions provider, today announced it is extending its capabilities in real-time shipment visibility to encompass every segment of the shipment lifecycle – from first-to-final mile – with the acquisition of ClearTrack Information Network. “The non-stop disruptions to supply chains in recent years and the increasing demands of socially-conscious, need-to-know consumers have created a growing need for transparency and visibility into shipments, down to item, order and container-level tracking, The addition of ClearTrack brings our customers the distinct advantage of being able to see ocean shipments in real-time, take immediate action to resolve issues and continuously improve for better decision-making and extending MercuryGate’s end-to-end modality management.” -MercuryGate President & CEO Joe Juliano. Founded in Brentwood, Tennessee, ClearTrack is a leading provider of supply chain management (SCM) software and services that bring richer and deeper ocean freight procurement and tracking capabilities to MercuryGate customers at the container, order and item levels. ClearTrack also monitors, collects, creates and controls supply chain compliance documentation ensuring that no order is released for shipment without acceptable compliance results and required certifications. Shippers and 3PLs can eliminate costly shipment delays or non-delivery due to non-compliance in order to reduce costs, improve the flow of goods and minimize risk. Supply chain transportation management will continue to grow in complexity,” said Juliano. “By expanding our visibility offerings with ClearTrack, our customers gain visibility to the critical ocean segment that enables proactive exception management from the TMS based on data-driven, predictive insights. Combining the best of MercuryGate and ClearTrack allows us to offer broader capabilities through a single provider, helping customers simplify their transportation management, manage costs, prevent risk and increase sustainability. About ClearTrack ClearTrack is a leading provider of Supply Chain Management (SCM) software and interactive services. Through the creation, operation and delivery of innovative, cost-effective, reliable supply chain technology applications and services, ClearTrack empowers leading retail, brand and manufacturing companies to work better in a unified, virtual environment to realize clarity across the global trading network. About MercuryGate MercuryGate’s Smart Transportation™ suite provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI), machine learning (ML) and connected technologies to adapt and automate transportation management functions. Smart Transportation makes shipping intelligent, simple, sustainable, and transformative for customers. Learn more about MercuryGate at www.mercurygate.com.

Read More

SUPPLY CHAIN,TRANSPORTATION

Large, Midwest Retailer Selects ReposiTrak for Traceability

ReposiTrak | December 08, 2022

ReposiTrak, operating the world’s largest food supply chain network of nearly 30,000 suppliers, has begun implementation of traceability services for a 300-store Midwest retail grocery chain. Known as a thought leader in the industry and recently named to the Top 10 Supermarkets in America (2022) by both USA Today and Food & Wine, the retailer is taking a three-step approach toward compliance with the Food and Drug Administration’s new FSMA 204 rule. The first step creates end-to-end traceability for the retailer’s commissary business – completing the connection from commissary suppliers through to the retail stores. The second step brings the same structured process to distribution centers, and the third and final step connects its Direct Store Delivery (DSD) vendors at the store-level. Other retailers are expected to follow the same approach to make full, end-to-end food traceability an integral part of everyday operations. FSMA 204 requires companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to establish and maintain Key Data Element (KDE) records for specific Critical Tracking Events (CTEs) in a product’s journey through the supply chain. As that product changes hands or changes form, a compounding string of data must be transferred between trading partners to provide full, end-to-end traceability. For a retailer or wholesaler, that means potentially additional labor at the Distribution center, at the Commissary, and at the Retail store. The FTL currently includes the most vulnerable fresh foods categories including tomatoes, deli salads, nut butters and leafy greens and the thousands of SKUs within each category. The objective of the FDA is to eventually cover all food stuffs. “Every food retailer in the country will need to change the way they manage every single impacted shipment and delivery record within their supply chain, said Fields. Although the impact on any given retailer is millions of additional records and touches, the ReposiTrak Traceability Network offers the flexibility to take on traceability one step at a time. If you’re not sure where to start, our team of experts is here to help. We have structured the plan to be extraordinarily low cost, and simple to adopt. The ReposiTrak Traceability Network is the only solution that’s scalable for the total food supply chain, without the need for new hardware, software or even labeling systems. It is built upon the largest, already-connected network of more than 110,000 individual supplier facilities, making the onboarding process faster and easier for retailers. In addition, ReposiTrak’s team of experts is prepared to have a real conversation with retailers to understand each company’s unique challenges and determine the best approach. Suppliers can connect to an unlimited number of trading partners and begin sharing data for a low, flat fee and there is no cost to retailers. Food supply chain operators interested in the ReposiTrak Traceability Network should contact Derek Hannum (DHannum@repositrak.com). About ReposiTrak ReposiTrak, Park City Group, Inc. (NASDAQ:PCYG), provides retailers, suppliers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements; enhance operational controls; source and discover new vendors; and increase sales with unrivaled brand protection. Consisting of four product families – food traceability, compliance and risk management, supply chain solutions and MarketPlace sourcing – ReposiTrak’s cloud-based platform’s integrated applications are mutually reinforcing and work synergistically to create value and positive impact. For more information, please visit https://repositrak.com/.

Read More

Spotlight

Controlled Fleet Trials with the Hypertruck ERX demo vehicle continue with Detmar Logistics, Texas-based frac sand solutions provider, and early adopter of the Hyliion Hybrid technology. Detmar embedded a Hyliion Hypertruck ERX demo vehicle in its operations to experience the technology’s capabilities firsthand as it made daily hauls along West Texas routes.

Resources