Transportation Insight Sees Double Digit Upswing in Armstrong & Associates’ Ranking of Top 50 3PLs
Enterprise Logistics Provider Advances in Domestic and Global Lists as Seen in Logistics Management Magazine
HICKORY, NC (June 8, 2016) – Transportation Insight, an Enterprise Logistics Provider recognized for excellence in supply chain and business process improvements, advances its ranking by market-leading third-party logistics consultancy Armstrong and Associates. According to A&A’s annual list of the Top 50 Domestic 3PLs and the Top 50 Global 3PLs, Transportation Insight climbed 11 positions from #37 to #26 on the list of largest U.S. 3PLs and earned a spot on A&A’s list of largest Global 3PLs for the first time. The rankings by gross logistics revenue appear in the June issue of Logistics Management Magazine. Transportation Insight’s increases in revenue to $1.55 billion are attributed to strategic acquisitions, organic sales and client retention. According to its Vision 2020 growth plan, Transportation Insight forecasts revenues to be between $3.5 and $5 billion by January 1, 2020.
“To meet the rapidly changing needs of our 1,200 valued clients across North America, our team continues to raise the bar in the logistics space. Our primary objective is to engineer solutions that help our clients align their supply chain to strategic business goals and continuously improve their enterprise value streams,” says Transportation Insight President and CEO Chris Baltz. “The actionable insight our clients glean from our multi-modal transportation management solutions, innovative technology and advanced analytics help them grow faster than the competition while mitigating financial, operational and strategic risk.”
Transportation Insight’s core and value-added services for the end-to-end supply chain include carrier sourcing, supply chain and parcel advanced analytics, parcel audit and optimization, freight bill payment and audit, technology, network optimization, warehousing, international, LEAN consulting, client training and supply chain sourcing of indirect materials including secondary packaging.
Fulfilling the vision of Founder and Chairman Paul Thompson, Transportation Insight developed the 3PL’s robust portfolio of services while building a deep bench of supply chain talent. “We are the leading services company in the Southeast because of our people,” says Thompson, an Award Recipient for the EY Entrepreneur Of The Year® 2015 Southeast Program. “It is in our DNA to think differently. Our associates work diligently every day to see our clients succeed and as a result, we have become the North American leader in value-based Enterprise Logistics. We partner with clients to achieve operational excellence and sustainable growth even in a slow-growing macro-economic environment.”
Transportation Insight Executive Vice President of Enterprise Business Solutions Ken Wacker says the need for complex supply chain solutions is helping to fuel the Enterprise Logistics Provider’s growth. “Logistics has evolved into a strategic business concern – from a back office function to a boardroom agenda item – as a result more shippers are seeking multi-modal capabilities for complete end-to-end integration,” says Wacker. “By linking all transportation modes, enterprise shippers leverage the entirety of the supply chain to realize optimized, more economical logistics performance. In particular, supply chain executives challenged to meet the needs of e-commerce customers are looking for flexible shipping platforms that can reduce costs, mitigate risk and facilitate successful omni-channel strategies.”
Transportation Insight’s signature and proprietary Co-Managed Logistics® approach allows the 3PL to come alongside clients as a strategic partner, while allowing functional leaders to choose their level of control with existing carrier relationships while receiving marketplace insight, technology tools and analysts who act as an extension of the clients’ business. The lead logistics provider’s proprietary Extended LEAN® continuous improvement methodology combined with supply chain analytics allows companies to evaluate complex business scenarios that can improve working capital, streamline operations and improve bottom line profits.
As a Top 50 3PL for both Domestic and Global Enterprise Logistics services, Transportation Insight was founded in 1999 by industrial engineers with deep domain expertise. The enterprise is still lead today by data-centric thinking used to architect supply chain solutions and execute with excellence for clients that touch every sector of the North American economy. “Our best clients call us a business partner, value stream strategist and expertise multiplier,” says Baltz. “We are delighted to help our clients evolve their businesses, so that they can continue to dominate their markets.”
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $4.6 billion in supply chain spend under management. For more than 16 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, 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, Charlotte, NC, Omaha, NE, Plymouth, MA 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.