Logistics Plus Makes Inc. 5000 Annual List of Fastest-Growing Private Companies for a Ninth Time
Logistics Plus appears on the list for the sixth time in the past seven years and the ninth time overall.
ERIE, PA (August 14, 2024) – Logistics Plus, Inc. (LP), a global leader in transportation, logistics, and unique supply chain solutions, is proud to announce it has been included on Inc. magazine’s 2024 Inc. 5000 list, an exclusive ranking of the fastest-growing private companies in America. LP made the list with an impressive three-year sales growth rate of over 76% from 2020 to 2023 for its U.S.-based operations. Logistics Plus has made the list for the sixth time in the past seven years and the ninth time overall since 2007. LP was one of only three companies based in Erie, Pennsylvania, and one of only 166 logistics and transportation companies to make the 2024 list.
The Inc. 5000 class of 2024 represents companies that are building the future. This year’s top companies had a median three-year revenue growth rate of 208 percent, adding over 874 thousand jobs to the economy.
“This month, we are celebrating our 28th anniversary,” said Jim Berlin, Founder and CEO of Logistics Plus. “Our whole business plan is based on growing and helping our customers figure things out. Growth allows us to offer employees opportunities to advance, try new things, and provide new solutions for our customers. That’s pretty cool.”
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. Growth rates used to determine company rankings were calculated to four decimal places. All honorees must pass Inc. editorial review. For complete results of the Inc. 5000, including company profiles, go to https://www.inc.com/inc5000.
About Logistics Plus, Inc.
Logistics Plus, Inc. (LP) is a 21st-century logistics company and a leading worldwide provider of transportation, warehousing, fulfillment, global logistics, business intelligence, technology, and supply chain solutions. LP works in the background to help businesses manage their supply chains in an ever-changing world. Founded in 1996, today LP has annual global sales of over $600M with more than 1,200 employees located in 50+ countries worldwide. LP is recognized as one of the fastest-growing privately-owned logistics companies, a top 3PL provider, a top 100 logistics company, a top freight brokerage and warehousing provider, and a great place to work. With a Passion For Excellence™, its employees put the PLUS in LOGISTICS by doing the big things properly, plus the countless little things that together ensure complete customer satisfaction and success.
Logistics Plus Selected as a Top 100 3PL Provider by Inbound Logistics for a Third Year
The annual lists recognized the top third-party logistics providers deemed the best of the best by Inbound Logistics editors.
ERIE, PA (July 30, 2024) – Logistics Plus, Inc. (LP), a global leader in transportation, logistics, and unique supply chain solutions, is proud to announce it has been selected as a 2024 Top 100 3PL Provider by Inbound Logistics, a leading supply chain and logistics industry publication. It’s the third consecutive year that Logistics Plus has been named to the list. The Top 100 list appears in the Inbound Logistics July 2024 edition and across all content platforms—magazine, digital, web, and apps.
“Flexibility and scalability are the themes of our annual 3PL edition – and for good reason,” said Felecia Stratton, Editor for Inbound Logistics. “Outsourcing supply chain, logistics and transportation solutions to a trusted partner is never more important than when it’s time to prepare for growth, and the Inbound Logistics Top 100 3PLs deliver.”
“It sounds a little simplistic, but I really think our growth goes back to our culture,” said Jim Berlin, Founder & CEO of Logistics Plus. “We’ve been doing this for 27 plus years now, we’ve grown every year, and we’re debt-free, so I am very proud of what our team has and continues to accomplish together.”
Inbound Logistics (IL) is the pioneering magazine empowering demand-driven enterprises. IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven enterprise practices is available at inboundlogistics.com.
About Logistics Plus, Inc.
Logistics Plus, Inc. (LP) is a 21st-century logistics company and a leading worldwide provider of transportation, warehousing, fulfillment, global logistics, business intelligence, technology, and supply chain solutions. LP works in the background to help businesses manage their supply chains in an ever-changing world. Founded in 1996, today LP has annual global sales of over $600M with more than 1,200 employees located in 50+ countries worldwide. LP is recognized as one of the fastest-growing privately-owned logistics companies, a top 3PL provider, a top 100 logistics company, a top freight brokerage and warehousing provider, and a great place to work. With a Passion For Excellence™, its employees put the PLUS in LOGISTICS by doing the big things properly, plus the countless little things that together ensure complete customer satisfaction and success.
Logistics Plus is Named a 2024 G75 Green Supply Chain Partner for a Second Year
The annual Inbound Logistics list recognizes 75 leading companies focused on green supply chain management.
ERIE, PA (July 1, 2024) – Logistics Plus, Inc. (LP), a global leader in transportation, logistics, and unique supply chain solutions, is proud to announce that it has been named a 2024 G75 Green Supply Chain Partner by Inbound Logistics magazine. The list, curated annually by the editors of Inbound Logistics, recognizes 75 companies going above and beyond to prioritize green initiatives and help global supply chains become more sustainable.
“Inbound Logistics editors have determined that Logistics Plus is one of the 75 honorees that ‘walk the walk’ when it comes to commitment to supply chain sustainability,” said Felecia Stratton, Editor for Inbound Logistics. “Given the global environment, it is truly an accomplishment this year.”
The updated G75 list appears in the June 2024 Sustainability edition of Inbound Logistics magazine in both print and digital formats. View the Logistics Plus profile in the digital edition at https://magazine.inboundlogistics.com/view/754554366/46/.
About Inbound Logistics
Inbound Logistics (IL) is the pioneering magazine empowering demand-driven enterprises. IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven enterprise practices is available at inboundlogistics.com.
About Logistics Plus, Inc.
Logistics Plus, Inc. (LP) is a 21st-century logistics company and a leading worldwide provider of transportation, warehousing, fulfillment, global logistics, business intelligence, technology, and supply chain solutions. LP works in the background to help businesses manage their supply chains in an ever-changing world. Founded in 1996, today LP has annual global sales of over $600M with more than 1,200 employees located in 50+ countries worldwide. LP is recognized as one of the fastest-growing privately-owned logistics companies, a top 3PL provider, a top 100 logistics company, a top freight brokerage and warehousing provider, and a great place to work. With a Passion For Excellence™, its employees put the PLUS in LOGISTICS by doing the big things properly, plus the countless little things that together ensure complete customer satisfaction and success.
Logistics Plus Receives Plastic Neutrality Certification for a Fourth Year
7.9 million pounds of plastic waste collected in the last four years is credited to Logistics Plus.
ERIE, PA (June 18, 2024) – Logistics Plus, Inc. (LP), a global leader in transportation, logistics, and unique supply chain solutions, is proud to announce that it has received the official Ocean Integrity Plastic Neutrality Certification for 2023 – a fourth straight year. Last year, Logistics Plus reduced its plastic footprint by supporting the collection of over 77 thousand pounds of marine plastic and waste.
“Logistics Plus has truly made a remarkable impact on reducing plastic waste, having removed an astonishing 3,599,024 kilos of plastic over four years,” said Captain Kieran Kelly, Commissioner, Managing Director for Ocean Integrity. “This impressive achievement is a testament to their commitment to sustainability and environmental stewardship.”
“For the past four years, Logistics Plus has partnered with Ocean Integrity to become plastic neutral through The Blue Ocean Program,” said Yuriy Ostapyak, COO for Logistics Plus. “We are committed to preserving and protecting the oceans and their wildlife while supporting our global sustainability mission. Through this initiative, we have contributed to eliminating thousands of tons of single-use plastics from entering our environment each year.”
About Ocean Integrity
Ocean Integrity’s primary objective is to mitigate the amount of plastic going into the world’s oceans and significantly reduce and remove plastic waste in significant waste collection areas. Ocean Integrity reclaims plastic materials from the sea through innovative techniques that vary based on the size and concentration of the plastic waste material encountered. Learn more about Ocean Integrity and its Blue Ocean Program at oceanintegrity.com.
About Logistics Plus, Inc.
Logistics Plus, Inc. (LP) is a 21st-century logistics company and a leading worldwide provider of transportation, warehousing, fulfillment, global logistics, business intelligence, technology, and supply chain solutions. LP works in the background to help businesses manage their supply chains in an ever-changing world. Founded in 1996, today LP has annual global sales of over $600M with more than 1,200 employees located in 50+ countries worldwide. LP is recognized as one of the fastest-growing privately-owned logistics companies, a top 3PL provider, a top 100 logistics company, a top freight brokerage and warehousing provider, and a great place to work. With a Passion For Excellence™, its employees put the PLUS in LOGISTICS by doing the big things properly, plus the countless little things that together ensure complete customer satisfaction and success.
Owning your own independent freight brokerage company can be an exciting venture, but it is important to understand the financial implications. Here are some key considerations:
Startup Costs: While there are no specific education requirements to become a freight broker, starting your own brokerage does come with costs. Depending on factors like business structure and operational investments, these can range from several thousand dollars to over $10,000. Expenses include licensing fees, office space, technology, insurance/surety bond, and marketing/sales.
Profit Margins: As a licensed freight broker, you’ll earn 10% to 30% profit margins on each shipment. The exact margin depends on factors such as transportation mode, complexity, and distance. Owning your brokerage allows you to maximize profits compared to working as a salaried employee.
Cash Flow Management: Brokering involves managing the gap between money going out (paying carriers) and money coming in (from shippers). You must plan for consistent cash flow to cover operational expenses and ensure smooth operations.
Market Volatility: The freight industry experiences fluctuations due to market conditions, seasonality, and economic shifts. Brokers must adapt to changing demand, pricing, and capacity.
Becoming a Freight Agent: A Viable Alternative
If running your own freight brokerage business seems daunting, consider becoming a freight agent for an established freight brokerage firm or a third-party logistics company with a freight agency program (like Logistics Plus). Here’s why:
Reduced Risk: As a freight agent, you’re not responsible for the entire business. Instead, you focus on sales, customer relationships, and finding loads. The parent brokerage firm handles administrative tasks, carrier payments, and compliance.
Access to Technology: Becoming a freight agent for a larger, more established third-party logistics company often provides you with access to better, more cutting-edge technology, such as a transportation management system (TMS) with robust functionality and API integrations.
Broader Range of Services: Partnering with a third-party logistics company that offers additional services, such as air and ocean freight forwarding, project logistics, warehousing, etc., expands the services you can sell to your customers and opens up additional earning potential.
Training and Support: Established brokerage firms provide their freight agents with training, mentorship, and ongoing support. You’ll benefit from their industry expertise and established carrier relationships.
Earning Potential: While freight agents earn commissions (typically a percentage of the parent broker’s profit), the stability and support can lead to consistent income. As you build your client base, your earnings can grow steadily. However, do your due diligence to ensure you find a growing, fun brokerage firm that is financially stable.
In summary, both options have pros and cons. Owning your own brokerage company offers independence but requires significant investment and risk management. Becoming a freight agent for an established North American freight brokerage firm or a global freight forwarder provides stability and support while allowing you to focus on sales. Remember, success in the freight industry depends on hard work, adaptability, and building strong relationships with shippers and carriers. Choose the path that aligns with your goals and risk tolerance.
Watch this short video on the benefits of becoming a freight agent for Logistics Plus.
ERIE, PA (August 14, 2024) – Logistics Plus, Inc. (LP), a global leader in transportation, logistics, and unique supply chain solutions, is proud to announce it has been included on Inc. magazine’s 2024 Inc. 5000 list, an exclusive ranking of the fastest-growing private companies in America. LP made the list with an impressive three-year sales growth rate of over 76% from 2020 to 2023 for its U.S.-based operations. Logistics Plus has made the list for the sixth time in the past seven years and the ninth time overall since 2007. LP was one of only three companies based in Erie, Pennsylvania, and one of only 166 logistics and transportation companies to make the 2024 list.
Visit https://www.inc.com/profile/logistics-plus to view the Logistics Plus verified profile.
Owning your own independent freight brokerage company can be an exciting venture, but it is important to understand the financial implications. Here are some key considerations: