Release Date: February 10, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Can you provide more detail on the outperformance in the December quarter? Was Hurricane Milton the primary driver? A: Yes, the diversity of our service offering and our involvement in initiatives around Hurricane Milton were significant drivers of our outperformance. We also saw a modest bump from pull-forward activities in anticipation of tariffs. However, the market remains challenging overall. - Bohn Crain, CEO
Q: Could you discuss the strategic rationale behind the acquisition of TCB and its expected impact on your business? A: TCB enhances our intermodal offering, particularly in the 40-foot space, complementing our existing 53-foot services. We anticipate $2 million to $3 million in incremental EBITDA from TCB. This acquisition aligns with our strategy to build a robust bimodal service offering. - Bohn Crain, CEO
Q: How are tariffs affecting your customs brokerage operations, and what is the size of this business? A: Our customs brokerage, rebranded as Radiant World Trade Services, is growing and provides strong advisory capabilities. We are leveraging technology acquired from Navigate to offer a comprehensive global trade management solution, which is a key growth area for us. - Bohn Crain, CEO
Q: Can you elaborate on the impact of recent acquisitions on your financials, particularly in terms of EBITDA contributions? A: Recent acquisitions, like TCB, have not yet fully reflected in our financials. On a same-store basis, we were relatively flat, with project opportunities lifting our numbers. We caution against assuming this quarter's results as a new run rate due to market headwinds. - Bohn Crain, CEO
Q: How do you view the current market conditions compared to last year, and what is your outlook? A: While the market remains soft, I am more bullish about our position and prospects. We have financial flexibility and exciting developments in our tech stack that differentiate us. Despite near-term challenges, I am optimistic about our growth potential. - Bohn Crain, CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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