DAYTON, Ohio, Sept. 12, 2019 /PRNewswire-PRWeb/ -- Inc. magazine recently revealed that Iuvo Logistics LLC made its Inc. 5000 debut at No. 310 on its annual Inc. 5000 list. This list is 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 businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"This recognition from Inc. magazine validates the premise and values upon which our company was founded," Iuvo co-Chief Executive Officer David White said. "It's how we came to select our company name, Iuvo - the Latin word meaning 'to aid and assist.' We take the meaning of our name and our business mission seriously. Based on our rapid, sustainable growth, our expanding circle of regular customers also appreciates Iuvo's commitment to our core principles."
Iuvo co-Chief Executive Officer James Dowd explained further: "The Iuvo team, having worked at large global corporations, realized that small-to-mid-market-sized companies were critically under served by the logistics industry. We have created a unique company with a defined approach that leverages technology and the entrepreneurial spirit. Our strategy focuses on providing exceptional work experiences for our staff and drivers and servicing customers that are within 550 miles of our locations and customers. This allows us to provide reliable competitive pricing with a stable reliable service."
Based in Dayton, Ohio with facilities in Chicago (IL), Memphis (TN), Jackson (TN) and Erlanger (KY), Iuvo's rapidly-expanding fleet consists of food-grade dry vans, flatbed trailers for the steel industry and roller bed trailers for the airfreight industry. The seven-year-old company is disrupting the trucking and logistics sector in the Midwest. "Small businesses generally receive basic transaction level service from transportation companies," White said. "Most 3PL suppliers don't have the capacity to identify continuous improvement opportunities or look for ways to streamline supply-chains benefiting their clients. We identified this and developed a solution; this is why customers choose Iuvo. In addition to transportation services, we provide consultative solutions and a TMS community-platform to run a business."
Dowd added: "Our objective is to use our logistics sector and distribution experience along with technology to elevate the level of service our customers receive. We aid and assist our clients' ability to increase their profitability by improving their logistics solutions and efficiency."
Iuvo also invests heavily in human capital. Drivers are compensated with regular salaries to foster stability and reliability. The company also provides the training and resources needed to ensure the drivers operate at peak efficiency and safety is always a top consideration. "The men and women who work with us are our first priority. They are responsible for our vehicles and our clients' cargo," White said.
For more information about Iuvo Logistics visit: http://www.iuvologistics.com.
The companies on the 2019 Inc. 5000 (listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., on newsstands now) have been very competitive within their markets, but the list shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000's aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
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 http://www.inc.com/inc5000.
"The companies on this year's Inc. 5000 have followed so many different paths to success," says Inc. editor in chief James Ledbetter. "There's no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities."
The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.
About Iuvō Logistics
Iuvō in Latin means "To Aid and Assist." The company takes the meaning of the name seriously it is at the core element of its corporate values. Iuvo was founded with one objective: to provide clients with a quality service at a competitive rate. The company is a boutique carrier with a wide range of specialized logistics services. The company's growing fleet consists of food grade dryvan's, flatbed trailers for the steel industry and roller bed trailers for the airfreight industry. Headquartered in Dayton Ohio, the company has operations in Chicago, Memphis, Jackson (TN) and Erlanger (KY). For more information about the company visit: http://www.iuvologistics.com.
About Inc. and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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 http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit http://www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
SOURCE Iuvo Logistics