Radiant Logistics, Inc. (AMEX:RLGT) Q2 2024 Earnings Call Transcript

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That’s kind of what we would generally expect. But I think that’s the dynamic. So I don’t have any hard evidence to offer into the courtroom today but…

Jeff Kauffman: There were other things in the courtroom today.

Bohn Crain: Yeah. Exactly.

Jeff Kauffman: So just following up on that. We are starting to see a little bit of a shift from goods coming into the East Coast to goods going into the West Coast. And some of that Suez some of that’s Panama Canal. Some of it’s a whole bunch of other things. Do you care, which coast it comes in on. I mean, I know you’ve got nationwide operations but is traffic coming in on the West Coast different for you than traffic coming in on the East Coast?

Bohn Crain: Historically we’ve had much more significant trade flows in the transpacific trade lane. So we would like — we’ve got more exposure to Transpac and Transatlantic, not that we don’t do both but we certainly have a bigger exposure on the transpac side. So I think as we see those trade flows improve for any number of reasons, I think that will be a net positive for us.

Jeff Kauffman: Okay. And then one last odd ball question here. Just given the news coming out of the Supreme Court today. What happened to your business the last time President Trump was in power and we had these tariffs on Chinese goods. Is that anything that affects you positively or negatively? Do the goods still flow but just a different way? Or does that negatively infect some of that Transpac business for you?

Bohn Crain: Well, I think that the short answer is the more complicated global trade gets, the more value we can provide to our customers. So tariffs and those types of things could impact some of that stuff, but that doesn’t mean trade stuff is happening, right? So things might flow a little differently but we’re not — and there certainly can be individual commodities that get impacted. So it’s really kind of the facts and circumstances to know what specific tariffs are being impacted. And if that’s — I’m thinking of you something my battleship, B47 right? If it happens they hit a particular commodity that we’re servicing that we could be impacted. But it could having the same brand that could just as easily be helping come up with alternative solutions or alternative sourcing strategies that create incremental opportunities as well so.

Jeff Kauffman: All right. Awesome. Well, thank you both very much and congratulations.

Bohn Crain: Thank you.

Todd Macomber: All right. Thank you.

Operator: Thank you. As we currently have no further questions in queue, I will hand the call back over to Mr. Crain for any closing comments.

Bohn Crain: Thank you. Let me close by saying that we remain optimistic about our prospects and opportunities to continue to leverage our best-in-class technology, robust North American footprint, extensive global network of service partners as we continue to build on the great platform we’ve created here at Radiant. At the same time, we intend to thoughtfully delever our balance sheet and through a combination of age station conversions, synergistic tuck-in acquisitions and stock buybacks. Through this multi-pronged approach of organic growth acquisitions and buybacks, we believe we will continue to create meaningful value for our shareholders, operating partners and the end customers that we serve. Thanks for listening, and your support of Radiant Logistics.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.

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