22 logistics firms among fastest-growing companies

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Nearly two dozen logistics firms have been named among North America’s fastest-growing companies. 

Deloitte’s Technology Fast 500 list, which was announced Wednesday, is a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America.

Four of the logistics companies that made the list are represented in the top 25: Takeoff Technologies, Fluid Truck, Emerge and Stord. 

Loadsmart, a Chicago-based logistics solutions provider that automates freight pricing, booking and shipping, also made the list at No. 214. Earlier this year, the company was named to the 2023 FreightTech 100, a selection of the most innovative companies in the freight technology space. 

Chattanooga, Tennessee-based FreightWaves also made the Deloitte list, its second time in as many years.

Read more: FreightWaves named one of fastest-growing companies in North America

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Winners are selected based on percentage fiscal-year revenue growth during the period from 2018-21, according to Deloitte. Overall, the 2022 Technology Fast 500 companies achieved revenue growth ranging from 241% to 125,138% over the three-year time frame, with a median growth rate of 611%.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of their operating revenues, according to Deloitte. Companies must have base-year operating revenues of at least $50,000 and current-year operating revenues of at least $5 million. 

Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

Here’s a look at logistics companies on Deloitte’s Technology Fast 500 list:

Company Ranking Primary industry % Growth
Takeoff Technologies 2 Software and services 53,250%
Fluid Truck 9 Energy and sustainability technology 9,899%
Emerge 12 Software and services 8,953%
Stord 25 Software and services 6,513%
ShipMonk 44 Software and services 3,730%
Spocket 60 Software and services 2,954%
Samsara 63 Software and services 2,828%
GoBolt 74 Fintech 2,347%
Xos 102 Energy and sustainability technology 1,539%
ShipHero 115 Software and services 1,228%
Vention 143 Hardware and semiconductors 1,001%
Fantuan 172 Software and services 857%
Freight Club 176 Software and services 833%
AeroSafe Global 190 Life sciences 774%
Loadsmart 214 Software and services 709%
Overhaul 236 Software and services 646%
One Step GPS 274 Software and services 539%
ShipBob 282 Software and services 525%
Flexe 338 Software and services 410%
FreightWaves 358 Software and services 390%
Shipfusion 376 Software and services 365%
Onfleet 471 Software and services 261%
Source: Deloitte’s Technology Fast 500 list

To view the full list, click here.

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The post 22 logistics firms among fastest-growing companies appeared first on FreightWaves.

Source: freightwaves - 22 logistics firms among fastest-growing companies
Editor: Meg Scarbrough

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