Inc. magazine today announced its 27th annual Inc. 500 ranking of the fastest-growing privately held companies in America. Logistic Dynamics, Inc. (LDI), a Buffalo, NY based third party logistics provider, ranks No. 298 on the list after posting 938.6 percent growth. Inc. also ranks companies by industry where the company ranked No. 3 in the Logistics sector. The Inc. 500 list will be available in the September edition of the magazine.
“We are extremely honored to be included in the Inc. 500 list. From our meager beginnings in 2003 to being named one of the fastest growing companies in America is truly amazing,” said Logistic Dynamics CEO Dennis Brown. “I am proud of the entire organization and want to share this with each of them.”
The 2008 Inc. 500, as revealed in the September issue of Inc. magazine, reported aggregate revenue of $13.7 billion and median three-year growth of 1,046%. Total sales for Inc. 500 companies were 14 percent below last year’s combined revenue of $16 billion; still, it was a stellar year for many companies. Not only did sales for this year’s top 50 growers outstrip those of last year’s top 50 by $541 million, but this year’s fastest 50 also boasted a staggering 47 percent jump in average three-year growth from last year’s top of the class. Additionally, the 2008 Inc. 500 companies were engines of job growth, having created more than 51,414 jobs since those companies were founded.
The 2008 Inc. 500/5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Please click here to view Logistic Dynamic, Inc.’s profile on the Inc. 500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
About Logistic Dynamics, Inc.
Logistic Dynamics, Inc. is a Buffalo, New York, based third party logistics provider that specializes in transportation management services including full truckload, less than truckload and rail. Our mission is to provide innovative, practical and top-quality logistic services that offer our customers a competitive advantage. To learn more about Logistic Dynamics, Inc. please call 1-800-554-3734 or visit our website at www.logisticdynamics.com.
Logistic Dynamics, Inc.