Exhibit 99.1

CORRECTING and REPLACING RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE THIRD fiscal quarter ENDED March 31, 2016

BELLEVUE, WA  May 16, 2016 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multi-modal transportation services company, is correcting a typographical error in its earnings press release for the three and nine months ended March 31, 2016. The earlier press release included an error in calculating adjusted net income which has been updated to include add backs of approximately $1.9 million in acquisition related costs, $2.1 million in non-recurring legal costs and $0.3 million in amortization of loan fees. Accordingly, the Company’s outlook for the fiscal year ended June 30, 2016 has been updated to reflect adjusted net income in the range of $10.6 - $11.8 million and adjusted net income per basic and fully diluted share in the range of $0.22 to $0.24, rather than adjusted net income in the range of $7.8 - $9.1 million and adjusted net income per basic and fully diluted share in the range of $0.16 to $0.18. The corrected press release follows.  

RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE THIRD

FISCAL QUARTER ENDED MARCH 31, 2016

Posts record quarterly results with revenues of $173.3 million – up $71.0 million or 69.4%;

Net revenues increased 54.2% to $41.8 million

Adjusted EBITDA increased 36.4% to $4.7 million

BELLEVUE, Wash., May 16, 2016 /PRNewswire/ – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third party logistics and multi-modal transportation services company, today reported financial results for the three and nine months ended March 31, 2016.

Third quarter Financial Highlights (Quarter Ended March 31, 2016)

CEO Comments

“We are very pleased to report another record quarter in what was a generally soft freight environment in our seasonally slowest quarter ended March 31, 2016”, said Bohn Crain, Founder and CEO. We posted revenues of $173.3 million, up $71.0 million or 69.4%; net revenues of $41.8 million, up $14.7 million or 54.2%; and adjusted EBITDA of $4.7 million, up $1.3 million or 36.4%, over the comparable prior year period. Normalizing our adjusted EBITDA to exclude $0.6 million in non-recurring transitions costs

associated with redundant back-office operation of Service By Air’s back-office that are targeted for elimination later this calendar year, we would have reported adjusted EBITDA of $5.2 million, up $1.8 million, or 52.9%. In addition, we also reported record cash from operations for the nine months ended March 31, 2016 of $19.2 million.”  

Crain continued: “We also took the opportunity in April of this year to retire $25.0 million subordinated debt that we originally obtained in April of 2015 in connection with our acquisition of Wheels Group, Inc. Given the cash we have been accumulating on our balance sheet and the fact that we had virtually no amounts outstanding under our $65.0 million senior credit facility, we took the opportunity to retire the $25.0 million in subordinated debt and excluding a one-time pre-payment fee $750,000, capture what we estimate to be approximately $2.0 million in annualized cost savings in reduced interest expense going forward. Even after giving effect to the payment of the subordinated debt, we have approximately $10.0 million in net debt outstanding under our senior credit facility and remain well positioned to continue our disciplined approach of acquiring non-asset based businesses. We have low leverage on our balance sheet, strong free cash flow and continue to search for acquisition candidates that bring critical mass to our current platform with respect to geography, purchasing power and complementary service offerings.”

“We have updated our guidance for fiscal 2016 to reflect current market trends and our recent retirement of the $25.0 million in subordinated debt with normalized adjusted EBITDA in the range of $27.5 - $29.5 million on revenues of $788.9 - $829.1 million. This equates to adjusted net income attributable to common shareholders in the range of $10.6 - $11.8 million, or $0.22 - $0.24 per basic and fully diluted share.”

Third quarter ended March 31, 2016 – Financial Results

For the three months ended March 31, 2016, Radiant reported a net loss attributable to common stockholders of $2.2 million on $173.3 million of revenues, or $0.05 per basic and fully diluted share. For the three months ended March 31, 2015, Radiant reported net income attributable to common stockholders of $0.8 million on $102.3 million of revenues, or $0.02 per basic and fully diluted share.

For the three months ended March 31, 2016, Radiant reported adjusted net income attributable to common stockholders of $1.8 million, or $0.04 per basic and fully diluted share. For the three months ended March 31, 2015, Radiant reported adjusted net income attributable to common stockholders of $1.4 million, or $0.04 per basic and fully diluted share.

The Company also reported adjusted EBITDA of $4.7 million for the three months ended March 31, 2016, compared to adjusted EBITDA of $3.4 million for the three months ended March 31, 2015. Normalizing these results to exclude $0.6 million in non-recurring transition costs associated with the interim operation of Service by Air’s back-office operations, Adjusted EBITDA would have been $5.2 million for the three months ended March 31, 2016.

A reconciliation of the Company’s adjusted net income and adjusted EBITDA to the most directly comparable GAAP measure for the three months ending March 31, 2016 and 2015 appears at the end of this release.

Nine Months Ended March 31, 2016 – Financial Results

For the nine months ended March 31, 2016, Radiant reported a net loss attributable to common stockholders of $4.9 million on $598.9 million of revenues, or $0.10 per basic and fully diluted share. For the nine months ended March 31, 2015, Radiant reported net income attributable to common stockholders of $2.2 million on $306.4 million of revenues, or $0.06 per basic and fully diluted share.

For the nine months ended March 31, 2016, Radiant reported adjusted net income attributable to common stockholders of $9.0 million, or $0.19 per basic and fully diluted share. For the nine months ended March 31, 2015, Radiant reported adjusted net income attributable to common stockholders of $4.7 million, or $0.14 per basic and $0.13 per fully diluted share.

The Company also reported adjusted EBITDA of $19.0 million for the nine months ended March 31, 2016, compared to adjusted EBITDA of $10.7 million for the nine months ended March 31, 2015. Normalizing these results to exclude $1.9 million in non-recurring transition costs associated with the interim operation of Service by Air’s back-office operations, Adjusted EBITDA would have been $20.9 million for the nine months ended March 31, 2016.

A reconciliation of the Company’s adjusted net income and adjusted EBITDA to the most directly comparable GAAP measure for the nine months ended March 31, 2016 and 2015 appears at the end of this release.

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Investor Conference Call

Radiant will host a conference call for stockholders and the investing community on Monday, May 16, 2016 at 4:30 pm, ET to discuss the contents of this release. The call can be accessed by dialing (877) 407-8031, or (201) 689-8031 for international participants, and is expected to last approximately 30 minutes. Callers are requested to dial in 5 minutes before the start of the call. An audio replay will be available for two weeks after the teleconference by dialing (877) 660-6853, or (201) 612-7415 for international callers, and using conference ID number 13636863. This call is also being webcast and may be accessed via Radiant’s web site at www.radiantdelivers.com.

About Radiant Logistics (NYSE MKT: RLGT)

Radiant Logistics, Inc. (www.radiantdelivers.com) is a third party logistics and multimodal transportation services company. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to: trends in the domestic and global economy; our ability to attract new and retain existing agency relationships; acquisitions and integration of acquired entities; availability of capital to support our acquisition strategy; our ability to maintain and improve back office infrastructure and transportation and accounting information systems in a manner sufficient to service our revenues and network of operating locations; the ability of the Wheels operation to maintain and grow its revenues and operating margins in a manner consistent with its most recent operating results and trends; our ability to maintain positive relationships with Wheels' third-party transportation providers, suppliers and customers; outcomes of legal proceedings; competition; management of growth; potential fluctuations in operating results; and government regulation. More information about factors that potentially could affect our financial results is included Radiant Logistics, Inc.'s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

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RADIANT LOGISTICS, INC.

Consolidated Balance Sheets

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RADIANT LOGISTICS, INC.

Consolidated Statements of Operations and Comprehensive Income

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RADIANT LOGISTICS, INC.

Reconciliation of Net Income to Adjusted Net Income, EBITDA, Adjusted EBITDA, and Reconciliation of Net

Income per share to Adjusted Net Income per share

(unaudited)

As used in this report, Adjusted Net Income and Adjusted Net Income per Share, EBITDA and Adjusted EBITDA are not measures of financial performance or liquidity under United States Generally Accepted Accounting Principles (“GAAP”). Adjusted Net Income and Adjusted Net Income per Share, EBITDA and Adjusted EBITDA are presented herein because they are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant’s business. For Adjusted Net Income, management uses a 36% tax rate for calculating the provision for income taxes before preferred dividend requirement to normalize Radiant’s tax rate to that of its competitors and to compare Radiant’s reporting periods with different effective tax rates. In addition, in arriving at Adjusted Net Income and Adjusted Net Income per Share, the Company adjusts for significant items that are not part of regular operating activities. These adjustments include acquisition costs, transition, severance and lease termination costs, non-recurring litigation expenses as well as depreciation and amortization and certain other non-cash charges.

Adjusted EBITDA means earnings before preferred stock dividends, interest, income taxes, depreciation and amortization, which is then further adjusted for changes in contingent consideration, expenses specifically attributable to acquisitions, severance and lease termination costs, extraordinary items, share based compensation expense, non-recurring litigation expenses and other non-cash charges. We believe that adjusted EBITDA, as presented, represents a useful method of assessing the performance of our operating activities, as it reflects our earnings trends without the impact of certain non-cash charges and other non-recurring charges. We understand that although securities analysts frequently use EBITDA in their evaluation of companies, it is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the method of calculation. Adjusted Net Income and Adjusted Net income per Share, EBITDA and Adjusted EBITDA should not be considered in isolation or as a substitute for any of the consolidated statements of operations prepared in accordance with GAAP, or as an indication of Radiant’s operating performance or liquidity. Normalized Adjusted EBITDA represents the Adjusted EBITDA but also adds back transition costs associated with the SBA back-office that is projected to be eliminated as Radiant’s back office in Bellevue Washington will absorb these services.

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Reconciliation of Non-GAAP Financial Measures to Preliminary Guidance

This press release contains certain non-GAAP financial measures as defined under the Securities Exchange Commission (“SEC”) rules such as adjusted net income, adjusted net income per share and earnings before interest, taxes, depreciation and amortization (“EBITDA”). We believe that supplemental disclosure of these amounts are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant’s business that eliminates depreciation, amortization and certain other non-cash costs and other significant items that are not part of regular operating activities. This supplemental financial information is presented for informational purposes only and is not a substitute for the financial information presented in accordance with accounting principles generally accepted in the United States. A reconciliation of adjusted net income, adjusted net income per share and adjusted EBITDA for the Company’s preliminary guidance for its fiscal year ending June 30, 2016 is as follows:

(in thousands, except for earnings per share)

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This supplemental financial information is presented for informational purposes only and is not a substitute for the financial information presented in accordance with accounting principles generally accepted in the United States.

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