Radiant Logistics beat expectations for its recent fiscal quarter but said peak season is likely to be more muted this year that in recent years. The Renton, Washington-based 3PL reported adjusted earnings per share of 11 cents for its fiscal fourth quarter ended June 30. That was 3 cents lower year over year but 3 cents ahead of the consensus estimate for the period. Consolidated revenue of $221 million increased 7% y/y but came in $3 million shy of analysts’ expectations. Topline growth from past acqui ...

Odyssey Logistics had its debt rating lowered by Moody’s Ratings Tuesday, following a similar move by S&P Global in June, with Moody’s seeing no signs of an improved freight market coming to boost the company’s economic fortunes. 3PL Odyssey is unique in that it is a rare logistics company that is privately-held but has publicly-traded debt rated by an agency such as Moody’s. Echo Global Logistics is another example of a 3PL that falls into that category, while C.H. Robinson (NASDAQ: CHRW)  and RXO (NYSE: ...

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