CAMDEN, N.J., Aug. 20, 2019 /PRNewswire-PRWeb/ -- NFI, a leading supply chain solutions provider, was recently recognized on the Inc. 5000 list of fastest growing private companies, ranking #4001. The companies included on the list were recognized in the August issue of the magazine and are ranked according to revenue growth from 2015 to 2018. NFI's annual revenue has nearly doubled from 2015 to 2018, growing from $1.2 billion to more than $2 billion.
Founded in 1932, NFI is one of the oldest and largest privately-held 3PLs in North America. The company is headquartered in Camden, N.J. and employs more than 11,300 individuals across its 300 locations. With a personalized approach as a strategic business partner, NFI works with the largest companies from diverse industries, including food and beverage, retail, consumer packaged goods, and manufacturing.
"As a family-owned company, NFI takes great pride in its exponential growth over the past few years," said Sid Brown, CEO of NFI. "In addition to strategic acquisitions, we have experienced tremendous growth organically through our service offerings. This growth can be attributed to our people, who are instrumental in providing an unparalleled level of service, as well as developing innovative, sustainable, and safe supply chain solutions. We look forward to many more years of growth in this exciting and dynamic industry."
NFI has grown through acquisitions, with SCR Air Services being the most recent in 2018 to enhance its brokerage solutions and refrigerated intermodal capabilities. In late 2017, NFI acquired California Cartage Company, expanding NFI's presence at major ports and enhancing its port drayage, transloading, deconsolidation, customs examination, and warehousing service offerings. NFI's acquisition of Dominion Warehousing & Distribution in early 2017 strengthened its expertise in the food, beverage, consumer products, specialty chemicals, and appliance industries and advanced its Canadian footprint.
NFI has also continued to grow organically through its service offerings, expanding solutions with existing customers, as well as partnering with new customers. NFI continually creates innovative solutions, implementing equipment and technology to produce flexible and scalable solutions for our customers, as well as improve service to end consumers. Within its distribution space, NFI utilizes robotics and automation to create greater efficiencies, as well as enhance the employee experience. NFI also focuses on sustainability and has begun to operate electric trucks with industry-leading vehicle manufacturers in order to reduce its carbon footprint.
View the full Inc. 5000 list here.
About NFI - NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 11,300 associates. NFI owns facilities globally and operates approximately 50 million square feet of warehouse and distribution space. Its dedicated and drayage fleet consists of over 4,000 tractors and 9,700 trailers. Its business lines include dedicated transportation, distribution, transportation management, port drayage, intermodal, brokerage, global logistics, and commercial real estate. For more information about NFI, visit http://www.nfiindustries.com or call 1-877-NFI-3777.
Methodology - 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.
SOURCE NFI
Share this article