Transportation Insight Climbs List of Largest, Privately Held North Carolina Companies
HICKORY, NC (October 11, 2016) – Transportation Insight, a global Enterprise Logistics provider, announces it has again been recognized by Business North Carolina as one of the very largest privately held companies in North Carolina. The multi-modal logistics provider and business strategist jumped two places to No. 4 in the 2016 Grant Thornton North Carolina 100®. The 3PL is among a handful of North Carolina companies included in the ranking’s top gross revenue tier.
Transportation Insight credits its co-managed business model for continued success in serving more than 1,200 global clients with logistics and supply chain solutions. The company enhanced its portfolio of services in late 2015 with the acquisition of a leading parcel shipping solutions provider, and earlier this year, the supply chain problem-solver launched its newly branded transactional freight division, BirdDog Logistics. Last month, Transportation Insight received the U.S. Environmental Protection Agency’s 2016 SmartWay® Excellence Award for its efforts to help partners reduce their environmental impact through better transportation and operational strategies. This year, the company made its ninth consecutive appearance in the Inc. 500|5000 list of fastest- growing privately held companies in the United States.
“In less than 20 years, Transportation Insight has grown from being a specialist in domestic Less-than-Truckload transportation to a lead logistics provider with top tier solutions in all modes of transportation,” says Transportation Insight CEO Chris Baltz. “We’ve continued our aggressive growth trajectory by delivering measurable results to our valued client partners through our consultative business model, breadth of supply chain services and ability to provide customized solutions based on the specific needs of manufacturers, distributors and retailers.”
Transportation Insight’s ascension above the $1 billion revenue mark in the North Carolina 100 reflects the company’s progress toward its Vision 20/20 growth goal unveiled in 2014 as a blueprint for the logistics provider’s path toward tripling its size and achieving $3.5-$5 billion in revenue by Jan. 1, 2020. Several Transportation Insight clients appear alongside the 3PL in the list, where the top three companies are unchanged from last year. Transportation Insight is the only transportation and logistics consultant included in the top 40 of this year’s North Carolina 100. With 417 employees, the services company relies primarily on a workforce of analysts, engineers and supply chain professionals.
The annual ranking, compiled by Grant Thornton, LLP, is published in Business North Carolina’s October edition, which also celebrates the publication’s first-ever individual awards for company leaders featured in the ranking and nominated by their colleagues. Transportation Insight Founder and Chairman Paul Thompson is recognized as Cultural Leader of the Year for his commitment to establishing a corporate culture of continuous improvement that is focused on ensuring the long-term sustainability of the company, its clients and the communities it calls home.
“We are extremely fortunate to be recognized as one of the largest private companies in North Carolina,” Thompson says. “Our people are the foundation of our success in the logistics marketplace. They are passionate about helping our clients become significantly better, and by combining their expertise with our unique technology platform, we drive enterprise improvement in ways that never compromise our integrity or our commitment to our partners.”
Grant Thornton has compiled the North Carolina 100 since 1984 by ranking companies based on data voluntarily submitted from the most recent fiscal year. The list is restricted to companies that do not have publicly traded stock.
About Transportation Insight, LLC
Transportation Insight is a multi-modal, global lead logistics provider with more than $4.6 billion in supply chain spend under management. For more than 15 years, the 3PL has partnered with hundreds of manufacturers, distributors and retailers to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates 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. Its logistics services include domestic transportation, parcel shipping solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers in Atlanta, GA, Bentonville, AR, Boston, MA, Charlotte, NC, Omaha, NE and Salt Lake City, UT, as well as more than 50 client support offices across North America. For more about Transportation Insight, visit www.transportationinsight.com, email or call 877-226-9950.
About the Grant Thornton North Carolina 100®
Since 1984, the Grant Thornton North Carolina 100® has ranked the state’s largest private companies by revenue in the most recent fiscal year, based on data provided by the participants. The NC100 is a voluntary list restricted to companies based in North Carolina that do not have publicly traded stock. Companies owned by private equity are permitted. Nonprofits, financial-services companies, health care providers such as hospitals and subsidiaries of corporations are excluded. For more details, visit GrantThornton.com/NC100.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenues of $1.65 billion and operates 60 offices with 575 partners and more than 8,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
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About Business North Carolina
Business North Carolina magazine is a statewide, monthly publication based in Charlotte that provides news and commentary regarding North Carolina businesses and industries. The magazine was established in 1981 and has won more than 95 national awards.