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Friday, April 18, 2014
Announces Plans to Triple Size of Business in Six Years
Top 10 Global Logistics Provider Unveils Growth Strategy with Launch of New Corporate Campus
HICKORY, NC (April 17, 2014) – Nationally-acclaimed Enterprise Third-Party Logistics (3PL) Provider Transportation Insight announces its plan to triple the size of its business over the next six years. Recognized as a Top 10 3PL for best range of logistics services by Global Trade magazine and an Inc. 5000 honor roll recipient for six years straight, the supply chain management firm says it plans to capitalize on the substantial investments it has made in talent and technology to position the company as the North American market leader in Enterprise Logistics. In its growth strategy branded “Vision 20/20,” Transportation Insight presented a six-year financial plan to become a $3.5 to $5 billion company by January 1, 2020. Transportation Insight shared its vision for growth with area government officials Tuesday evening, as it unveiled plans to move its headquarters to a new corporate campus. The complex will provide lifestyle business facilities to accommodate more than three times the 3PL’s current Hickory workforce.
Transportation Insight President and CEO Chris Baltz says the announcement signals another season of rapid growth for the supply chain solutions provider. “Since our founding in 1999, we have been
committed to accelerated growth and continuous improvement for both our clients and for our company,” says Baltz. “Now having over 400 enterprise clients across North America, we can leverage our investments in technology, supply chain analytics, network optimization and business intelligence to provide a market leading platform of continuous improvement across over 400,000 shipping and receiving locations.”
Baltz adds, “Given the competitiveness of our global marketplace, now more than ever manufacturers, distributors and retailers are turning to 3PLs to provide the expertise, processes and systems necessary to compete across worldwide supply chains. A differentiator for Transportation Insight, and the key to our success, is our relentless commitment to helping our clients prosper in their marketplace. By designing efficient supply chain networks powered by technology-enabled systems our clients have a competitive advantage. In many cases, global businesses are transformed from surviving to thriving.”
Vision 20/20 roadmaps the strategy for both organic and acquisition-related growth. One of the first initiatives in Vision 20/20 is the development of a new corporate campus created to provide the quality of workplace life that Transportation Insight desires for its associates. The $8 million hosiery mill renovation, located in downtown Hickory, NC, also supports the city’s desire to revitalize its downtown corridor. When complete, the campus will encompass 11 acres with 70,000 square feet of office space and 15,000 square feet of indoor exercise/athletic facilities. The complex will also feature athletic fields, outdoor basketball courts, significant green space and a full service cafeteria with a chef specializing in healthy cuisine.
Transportation Insight’s Chairman and Founder Paul Thompson, a nationally-recognized supporter of the President’s Council on Fitness, Sports and Nutrition, says the corporate campus will foster a vibrant lifestyle which active professionals are seeking today. “Transportation Insight remains committed to the well-being of all of its associates by facilitating the opportunity for physical activity and healthy lifestyles. Transportation Insight also recognizes many young adults today value an urban work/life environment within a livable community where they can experience daily outdoor living and recreation activities. Transportation Insight is committed to investing in a lifestyle business that promotes physical activity and a better overall quality of life for its associates,” says Thompson.
Transportation Insight will begin construction on the new campus facility immediately. The development is being handled by affiliate OHM Holdings, LLC for the benefit of Transportation Insight, led by Toby Tate, Managing Partner of OHM Holdings.
The mill building is listed on the National Register of Historic Places dating to 1930 and will be restored to its original state with hardwood floors and ceilings, walls of windows and an Art Moderne style. The project is expected to be completed by mid-2015.
“We are very excited to see a thriving company like Transportation Insight take steps to put deep roots in downtown Hickory,” says North Carolina Governor Pat McCrory of the site renovation. “We believe that Transportation Insight’s efforts at the Lyerly Mill will encourage more businesses to consider embracing, preserving and energizing the great historical downtowns across North Carolina.”
Thompson says the new campus development underscores Transportation Insight’s long-term dedication to growth and commitment to the communities where the company has a presence. “Transportation Insight remains committed to our clients, our people and our community,” says Thompson. “By developing this campus as a foundation for our Vision 20/20 growth plan, we hope to leave a legacy in both our community and our industry.”
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $1.6 billion in supply chain spend under management. For over a decade, 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 Charlotte, NC, Bentonville, AR and Atlanta, GA, as well as more than 40 client support offices across North America. Transportation Insight has been named to the Inc. 5000 list of fastest-growing privately-held companies in North America for six consecutive years, is listed at #17 on the 2013 Business North Carolina list of privately held companies, and is ranked #1 in total revenue growth on the 2013 Charlotte Business Journal Fast 50 list of fastest-growing privately-held companies in the Charlotte metropolitan area. The 3PL has been recognized by Inbound Logistics as a Top 100 3PL for two consecutive years, and appears on the list of Top 10 3PLs with Best Range of Services by Global Trade magazine. For more about Transportation Insight, visit www.transportationinsight.com.
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