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Logistyx Technologies Named To 2021 Inc. 5000 List of America’s Fastest-Growing Companies
Parcel shipping and fulfillment technology leader ranks no. 2732, with three-year revenue growth
of 148 percent over a robust 2017
Chicago – Inc. magazine today revealed that Logistyx Technologies, the leader in strategic parcel shipping and fulfillment technology, is No. 2732 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small and midsized businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Logistyx’s investment in smart people and technology has made our continued growth possible, and our persistent innovation positions our company and clients for further growth in the years ahead,” said Logistyx CEO Geoffrey Finlay. “We remain committed to helping companies evolve their omnichannel and e-commerce capabilities and modernize their multi-carrier shipping operations. By effectively managing the increasing complexity of global parcel shipping, our clients maximize supply chain profitability while providing best-in-class customer service.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Complete results of the Inc. 5000, including company profiles and an interactive database that
can be sorted by industry, region and other criteria, can be found at www.inc.com/inc5000.
The top 500 companies are also being featured in the September issue of Inc., available on
newsstands August 20.
About Logistyx Technologies
Logistyx Technologies connects top retailers, manufacturers, and logistics providers to more than 550 in-network carriers with strategic parcel shipping and omnichannel fulfillment technology. Shippers rapidly realize fulfillment cost savings and end-to-end visibility for all shipments, proactive alerts to delays and potential solutions, and unparalleled insights and scenario forecasting with Logistyx. As businesses increasingly embrace omnichannel retail, Logistyx provides faster and more expansive delivery options and business intelligence to drive loyalty through customer satisfaction. Headquartered in Chicago, Logistyx Technologies has international offices in Canada, the Netherlands and Singapore. For more information, visit www.Logistyx.com.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
Dublin, Ohio (November 19, 2024) — VARGO®, a leading provider of material-handling systems integration, warehouse execution software and equipment solutions, has announced several new vendor partnerships and customer advancements that are helping them to create efficiencies and empower fulfillment.
VARGO® and Tompkins Robotics have signed a mutual partnership, designating VARGO® as an authorized integrator of the technology. “Tompkins is an obvious choice in partner for us,” said Bart Cera, CEO. “Their robotics solutions are conducive to a weightless, continuous flow as well as being modular and quickly deployable. Their solutions have the ability to shrink or grow with the size of our customer’s operation which will allow us to utilize it often and in many different merchandise categories.”
Long standing customer, Micro Center recently upgraded the 20-year-old system at their Hilliard, Ohio facility. Initially installed in 2004, this system had an exceptionally long usable life for a line shaft conveyor. It is estimated that during 2020, more than $4B worth of goods were sorted and shipped using this system. VARGO® made recommendations for modernizing the aging technology and investing in the next phase to mitigate the associated maintenance cost that is often seen with sunsetting systems.
Ultimately, Micro Center opted to modernize the conveyor in phases by removing the existing line shaft conveyor and replacing it with the lower maintenance and operational cost option of an MDR conveyor, an upgraded saw tooth merge and a new narrow belt sorter to increase accuracy and throughput. VARGO® was able to add a temporary workaround and allow for remote monitoring to minimize operational impact during the equipment upgrades. Implementation was a success with an earlier than expected completion date due to additional efforts from the installation teams.
VARGO® also recently announced a pivotal partnership with URBX, making VARGO® an authorized integrator of their cutting-edge robotic solutions. “With the explosion of new fulfillment technologies and automation in our industry, we are able to deliver compelling returns for our customers when applying the URBX technologies correctly,” said Bart Cera, president and CEO of VARGO®. The partnership anticipates a prosperous future by combining URBX’s cube storage solutions for speed across SKUs with VARGO®’s expertise in waveless and omnichannel order fulfillment.
Additionally, VARGO® has expanded their partnership with TGW Systems with the installation of their goods-to-person technology to Gap Inc.’s Columbus facility coming in Q1 of 2025. The Columbus Gap Inc. facility is already home to a TGW automatic storage system, allowing for optimal utilization of volume while also ensuring easy maintenance and durability. “We are honored to have been a trusted partner forGap Inc. and their growth strategy. This recent addition to our partnership with TGW Systems is allowing us to bring Gap Inc. the benefits of a highly ergonomic and user-friendly design, allowing for minimal error rates and maximum efficiency,” said Cera.
The VARGO® team looks forward to finishing out a very successful 2024, full of many client expansions and updates, new and expanded vendor partnerships and internal team growth.
About VARGO®
VARGO® is a proven integrator to enable what's possible and empower automation and people. VARGO® provides the newest and smartest technologies with the intelligent design of its Continuous Order Fulfillment Engine (COFE®) - the first intelligent Warehouse Execution System (WES) - to develop game-changing fulfillment solutions across all work resources - machines, people and processes. VARGO® is a team of mechanical and software engineers with over five decades of experience, VARGO® has helped manufacturers, distributors, leading retailers, e-commerce providers, and 3PLs improve their fulfillment and material handling systems, increase processing capacities, and reduce order cycle times.
Learn more about VARGO® and their innovative solutions at www.vargosolutions.com.
November 19, 2024 - Seegrid Corporation, a leading manufacturer of autonomous mobile robot (AMR) solutions for palletized material handling in the US, today announced its membership in the Open Source Robotics Alliance (OSRA), an initiative of the Open Source Robotics Foundation (OSRF). Through this partnership, Seegrid will contribute its industry-leading expertise through its active involvement in the open-source robotics community. The company joins a vibrant network of innovators, collectively driving open-source development for the betterment of the global robotics landscape.
As part of the OSRA, Seegrid will actively support initiatives that foster collaboration and shared knowledge across the robotics field. The company aims to participate in key OSRF activities, including the renowned ROSCon event, as well as on-line communities such as GitHub and ROS Discourse.
“Joining OSRA is an opportunity for us to more fully participate in the open-source robotics community, to share our insights and learn from a community that thrives on collaboration and innovation,” said Tom Panzarella, Chief Technology Officer of Seegrid. “By contributing to the open-source robotics ecosystem, we hope to help push the community forward, enhancing the capabilities of autonomous systems across industries. Together with other OSRA members, we believe we can further harden and improve the accessibility of advanced technology for all.”
This partnership reflects Seegrid’s commitment to promoting open development that benefits the entire community, not just individual organizations. With the company's extensive experience in AMRs, Seegrid hopes to play an active role in advancing the collaborative development efforts that make open-source platforms like ROS 2 vital contributors to technological progress.
Vanessa Yamzon Orsi, CEO of the Open Source Robotics Foundation, commented, “We are excited to welcome Seegrid to the OSRA. Their expertise in AMRs brings significant value to our shared mission of advancing open-source robotics technology. Seegrid’s contributions will help enhance the collective development efforts that our members bring to the table, further advancing open innovation across the industry.”
By joining OSRA, Seegrid also aims to inspire a new generation of autonomous engineers, enabling knowledge-sharing across sectors and fueling the continued growth of open-source projects. This partnership will empower organizations of all sizes to benefit from collaborative progress in the field, contributing to a future where autonomous robotics technology is more accessible, sustainable, and adaptable.
About the Open Source Robotics Alliance
The Open Source Robotics Alliance (OSRA) is an initiative of the Open Source Robotics Foundation (OSRF). It is a global community committed to advancing open-source robotics technologies. By fostering collaboration between innovators, OSRF is helping to accelerate the development of cutting-edge solutions that benefit industry and society alike. Its flagship open-source robotics software, ROS, is the world's most widely adopted robotics framework suite.
About Seegrid
Seegrid, a leading-edge technology company of autonomous mobile robot (AMR) solutions for material handling solutions, combines AMR technology, enterprise software, and best-in-class services for complete, connected automated workflows. With over 15 million autonomous production miles driven to date, Seegrid AMRs are reliable, flexible, and proven. The world’s largest manufacturing, warehousing, and logistics companies rely on Seegrid. We are partnered with over 50 global brands where 2,000+ AMRs are deployed within 200+ customer sites. From our dependable Tow Tractor to our industry-leading Lift Truck solutions, let us work with you to embrace the future of autonomous material handling.
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Rich Egan, Averitt's vice president of international solutions
COOKEVILLE, Tenn. – Averitt has appointed Rich Egan as the company’s new vice president of international solutions. Egan, who brings over 40 years of experience in the transportation industry and has specialized in international logistics since 1990, will assume the position held by the retiring Charlie McGee.
Since joining Averitt in 2019 as director of international solutions, Egan has played a pivotal role in shaping the company’s global logistics strategy. His expertise and commitment to service excellence have contributed significantly to Averitt’s growth in this sector. In his new role, Egan will lead the international solutions team and drive strategic initiatives to enhance Averitt's global logistics offerings.
“We’re excited to welcome Rich into this role,” said Kent Williams, executive vice president of sales and marketing at Averitt. “His extensive background in international logistics and proven leadership are invaluable as we continue expanding our global services to meet the evolving needs of our customers.” For more information about Averitt’s international services, visit Averitt.com/International.
About Averitt
Serving shippers for over 50 years, Averitt is a leading provider of freight transportation and supply chain management solutions with an international reach of over 100 countries. Averitt's “Power of One” service structure provides shippers access to LTL, Truckload, Dedicated, Distribution & Fulfillment, and Integrated services that cover every link in the supply chain. Averitt’s team has been awarded the highest honors in the industry in the past year, including three Quest for Quality Awards, numerous customer awards, and a top ranking in MASTIO & Company’s shipper survey. Averitt's 8,500+ associates are dedicated to delivering the most reliable services within the industry and promoting a company culture centered around people, communities, sustainability, and giving back. For more information, call 1-800-AVERITT (283-7488) or visit Averitt.com.
Elgin, Il. - October 21, 2024 – Systems in Motion today announced that its new name and brand will be effective immediately. This name change is part of a rebranding initiative, but is also the culmination of the companies’ close working relationship for the past five years and represents their unified strength. Systems in Motion will continue to provide material handling services as a tier-one, turnkey material handling integrator.
The Systems in Motion name creates a single and powerful platform – one that embodies client and industry goals of moving forward – while understanding the complexities and unique objectives of every system. The new brand also signifies the culmination of investment in internal processes that streamline procedures, and deliver a seamless customer experience.
Under the Systems in Motion name, the company will continue their track record of delivering on their long-standing core values of integrity, continuous customer care and a passionate, “Make it Happen” approach for every project.
“We recognized that going to market under a cadre of names was not helping our customers understand our complete turn-key services and approach,” Scott Lee, CEO of Systems in Motion explains. “Operating as one voice, and one company, Systems in Motion will move forward to continue offering superior industrial automation.”
Scott Lee continues as the company CEO, along with long-time leaders in data analysis, systems design/build, electrical/controls, installation, aftermarket services and parts.
Mr. Lee said of the announcement, “This is an exciting time for Systems in Motion. These companies have worked together for years, but today we move together under one name, to deliver even greater value to our customers and suppliers in the future. “
Systems in Motion will complete a rebranded web site in January of 2025. Meanwhile, a landing page with related material can be found at www.systemsinmotion.com, which highlights the benefits of the new company structure and its mission to provide flexible, efficient and scalable operational improvements through automation.
About Systems in Motion
Systems in Motion provides turnkey material handling systems for warehousing, fulfillment, distribution and manufacturing companies. Our clients experience results that are led by experts who provide superior results and continuous customer care. The company’s corporate headquarters are in Elgin, Il. For more information visit www.systemsinmotion.comor call 1-800-678-9091.
September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.
CTS Logistics, known for its managed transportation and brokerage services, has built a strong reputation since its founding in 1989 by Donald Leclair. The company’s family-oriented ethos has been carried forward by Leclair’s children—Alan, Keith, Brian, and Kim Garneau—who continue to play key roles in the business.
"Our decision to partner with HTL Freight was driven by their dedication to upholding the values that have defined CTS Logistics for the past 35 years. HTL Freight’s leadership shares our commitment to integrity and service, making them the ideal partner to carry forward our family’s legacy," said Alan Leclair, President of CTS Logistics.
As part of the acquisition, Keith Leclair has been appointed as Vice-President of LTL at HTL Freight. His extensive experience and leadership will be instrumental in expanding HTL’s Less-Than-Truckload (LTL) capabilities.
Finalized in February 2024, the acquisition has since led to a close collaboration between the two companies to ensure a seamless integration of operations, systems, and cultures. This collaborative process has preserved CTS Logistics’ strengths while enhancing the combined service offerings.
Founder Donald Leclair expressed confidence in CTS Logistics’ future under HTL Freight's ownership, stating, "The collaboration between our teams over the past few months has confirmed that HTL Freight is the right partner to continue serving our clients with the level of care and dedication they’ve come to expect."
This acquisition allows HTL Freight to further expand its geographic footprint and service offerings, positioning the company as a notable player in both the 3PL and 4PL sectors. Customers will benefit from enhanced transportation solutions, including increased brokerage capabilities and more robust managed transportation services, all supported by HTL Freight’s state-of-the-art technology platform.
"We are thrilled about the growth opportunities this acquisition brings to both our customers and our organization. The addition of CTS Logistics strengthens our ability to provide comprehensive, technology-driven solutions that enhance efficiency and deliver cost savings to our shipper partners," said Onu Okebie, CEO of HTL Freight.
About HTL Freight:
Founded in 1983, HTL Freight (htlfreight.com) is a supply chain management company providing an experience rooted in service, data-driven insights, and advanced technology for both shippers and carriers. Focused on customer service, operational excellence, and partnerships, HTL's mission is to consistently exceed expectations and "Go the Distance" for its clients by delivering reliable supply chain solutions.