Transportation Insight Leads North Carolina’s List of Largest Privately Held Companies
Sustained Growth Positions Enterprise Logistics Provider in the Grant Thornton NC 100 Top Revenue Tier
HICKORY, NC (October 8, 2018) – Transportation Insight, a global Enterprise Logistics Provider, achieved growth through new business, client retention and an expanding portfolio of technology-enabled supply chain solutions to entrench its position as North Carolina’s second largest privately held company in the 2018 Grant Thornton North Carolina 100®. The multi-modal logistics provider and business strategist is recognized as one of four companies in the top gross revenue tier of the annual ranking published in Business North Carolina’s October edition. Transportation Insight’s arrival at $2 billion in gross revenue reflects an ongoing marketplace need for a trusted adviser offering data-driven strategies that foster enterprise growth, mitigate risk and enhance profitability.
Transportation Insight’s supply chain experts position the company to serve as a highly regarded thought leader on industry best practices. The logistics provider’s Global Trade experts presented “Mitigating Risk at the Border” during Parcel Forum 2018. Their Mastering International session focused on import/export challenges emerging as e-commerce expands and U.S. Customs and Border Protection elevates scrutiny of small packages. Engineers from Transportation Insight’s Solutions division shared next-generation supply chain strategies while attending the industry’s largest supply chain event, the Council of Supply Chain Management Professionals EDGE 2018. Recently named Charlotte CIO of the Year Finalist, Transportation Insight Vice President of Information Technology Jim Taylor provides his knowledge to the Blockchain in Transport Alliance during its work to develop and adopt blockchain applications in the transportation and logistics industry.
“Transportation Insight’s sustained growth is underpinned by our ability to provide measureable results for our long-term client partners through top-tier solutions in all transportation modes,” says Transportation Insight President and CEO Chris Baltz. “We believe our significant, ongoing expansion of technology-based services reflects the increasing demand for smarter omni-channel supply chains, especially as e-commerce continues to drive economic growth. Leveraging deep domain expertise in Parcel, LTL and Truckload, our engineers customize data-driven solutions that fulfill the most important business needs of our customers. By listening to these valued client partners, evolving our service platform to meet market demand and executing quickly, we are able to help them become better companies and grow faster than the competition.”
Transportation Insight serves as logistics partner to more than 200 companies based in North Carolina. The Enterprise Logistics Provider works with manufacturers, retailers, e-tailers and distributors, including client partners featured in the prestigious list of the state’s top private companies. Transportation Insight credits its Co-managed Logistics® approach and multi-modal expertise for continued success in serving more than 1,500 clients with logistics and supply chain solutions.
Transportation Insight is the only transportation and logistics company in the top 40 of this year’s Grant Thornton North Carolina 100. With 510 associates, the services company relies largely on a workforce of analysts, engineers, technology experts and supply chain professionals. Continued growth since the end of fiscal year 2017 is evident in the company’s mid-2018 gross revenue estimate of $2.1 billion.
“Our continued recognition among the very largest privately held companies in North Carolina is a humbling achievement for our company, and it is tremendous validation of our talented associates who work passionately to help our clients improve,” says Transportation Insight Founder and Chairman Paul Thompson. “Our people are the foundation of our success in the logistics marketplace. By leveraging technology, analytics and decades of subject matter expertise, we have integrated platforms with multi-modal intelligence to provide North American companies with a forward-looking lens that allows them to achieve growth and marketplace dominance.”
An Inc. 5000 Hall of Fame member, Transportation Insight has appeared in the list of fastest-growing, privately held U.S. companies for 11 consecutive years. Within the past quarter, the Enterprise Logistics Provider has been recognized as an industry leader for its ability to serve clients across all industries. For the sixth straight year, Transportation Insight is a Food Logistics Top 3PL and Cold Storage Provider for its breadth and depth of solutions that help grocery and beverage clients reduce cycle times, improve inventory turns and minimize landed cost. Transportation Insight’s expertise in small package shipping merited PARCEL magazine’s Hot Company designation. Global Trade named Transportation Insight among America’s Leading 3PLs with Top 10 distinction for its ability to serve e-commerce and omni-channel shippers with a technology platform that facilitates significant, data-based improvements in overall supply chain performance.
As a value creation partner focused on offering clients sustainable solutions to address business challenges, Transportation Insight is also a 2018 SupplyChainBrain Great Supply Chain Partner.
“Transportation Insight measures our success by measuring the success and satisfaction of our clients,” Baltz says. “That is evident in the story of our growth over the past decade as we maintain a best-in-class client retention rate. By continuing to provide value to these clients, we have been honored to help them improve their market position, while we experience our own remarkable growth.”
About Transportation Insight, LLC
Transportation Insight is a multi-modal, lead logistics provider with $3.9 billion in logistics spend under management. For nearly 20 years, the Enterprise Logistics Solutions Provider has partnered with manufacturers, retailers and distributors 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, parcel technology platform (audit, engineering, advanced analytics) and business intelligence. Serving over 1,500 clients, its logistics services portfolio includes domestic transportation, e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials including secondary packaging. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers in Atlanta, GA, Bentonville, AR, Boston, MA, Charlotte, NC, Omaha, NE, Overland Park, KS and Salt Lake City, UT; service centers in Canton, OH, Charlotte, NC and St. Louis, MO; and 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 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.