Transportation Insight Recognized Five Years Straight on the Inc. 500|5000
Sustained growth leads Transportation Insight to be honored for the fifth year in a row on Inc. Magazine's list of the fastest-growing private companies in America.
- Hickory-Morganton-Lenoir, NC (1888PressRelease) September 06, 2012 - Transportation Insight, a leading global third-party logistics provider, has been recognized for outstanding sales growth by Inc. Magazine for the fifth year in a row. During a time of economic recession and instability, Transportation Insight has been repeatedly honored as part of the Inc. 500|5000, an exclusive ranking of the fastest-growing private companies in the United States. Making the list five times also landed Transportation Insight a spot on the highly respected Inc. honor roll.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. With 38% growth over three years - a significant increase for a company doing business for 13 years - Transportation Insight CEO Paul Thompson attributes this sustained growth to strategic investments, client retention and new client acquisition.
"As we saw the economy collapsing in 2008, we decided not to change our course," Thompson says. "We made all the previously planned investments in people and technology. Our ability to continuously offer innovative solutions and process improvements has helped our clients to progress and grow faster than the economy."
Inc. Editor Eric Schurenberg says, "Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs and drive the economy forward. Growth companies, not large corporations, are where the action is."
Founded in 1999, Transportation Insight is among an elite Inc. 500|5000 group of companies experiencing significant and continuous expansion in years 10 and beyond of doing business. While many new companies experience astronomical growth in their first years, many older companies find it difficult to grow. However, Transportation Insight continues to expand its business each year.
"What really makes Transportation Insight different is our people," Thompson says. "Business models can be replicated, but our strength and core advantage is that our people execute better than the competition."
As a part of the Inc. 500|5000 list, Transportation Insight joins the league of major companies such as Microsoft, Facebook, Oracle, Levi Strauss, Zappos and other notable alumni.
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $1.2 billion in supply chain spend under management. For over a decade, the 3PL has helped companies improve profitability and competitive advantage by providing customized supply chain solutions. Transportation Insight offers a co-managed logistics form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications and business intelligence. Additional competencies include international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials.