Third-party logistics provider MoLo Solutions was the top-ranked transportation and logistics company on the 2021 Inc. 5000 list of the fastest-growing privately held firms in the U.S. 

The Chicago-based company debuted on the list at No. 41 overall, experiencing revenue growth of 7,597% between 2017 to 2020.

In all, 199 transportation and logistics companies – including software providers related to the freight industry – made the list this year. It was a 19% increase over 2020, when 176 transportation and logistics companies made the list. 

Inc. ranked 5,000 companies by percentage of revenue growth from 2017 to 2020. Human Bees, a California-based workforce recruiting and staffing provider, was the No. 1 overall ranked company with 48,345% growth during the three-year period.

To qualify for the list, companies must be U.S.-based, founded by 2017 and be privately held, for-profit, and independent – not subsidiaries or divisions of other companies. The minimum revenue required to be included on the list in 2020 was $2 million. 

MoLo Solutions was founded in 2017 by Matthew Vogrich, the company’s president and chief operating officer. Andrew Silver is MoLo’s CEO.

“Our team has put in a lot of work the last four years to build MoLo to what it is today. To be recognized as the 41st-fastest growing company in America is not surprising because I truly feel like we have earned it,” Silver said in a statement. 

“Many of us have put everything we have into this business to support one another, our drivers, and our shippers. While it has been a lot of work, we have also had a lot of fun along the way.”

Cloud computing supply chain technology company Stord was the second-highest ranked transportation and logistics company, debuting at No. 42. 

Sean Henry (CEO) and Jacob Boudreau (chief technology officer) founded Stord in 2015. The Atlanta-based company experienced 7,581% revenue growth between 2017 to 2020.

Chattanooga, Tennessee-based FreightWaves debuted at No. 85. It was the third overall ranked company from the transportation and logistics industry. 

The company experienced exponential revenue growth of 4,597% from 2017 to 2020. FreightWaves provides supply chain and logistics data, news and information. 

Warehousing and distribution services provider Perishable Shipping Solutions was the fourth-ranked company, making the list at No. 177. The Youngstown, Ohio-based company experienced 2,382% growth over the last three years. 

Grand Rapids, Michigan-based Ally Logistics was the fifth-ranked company, coming in at No. 186. Ally Logistics’ revenue grew 2,281% from 2017 to 2020. The company is a full-service brokerage servicing the U.S. and Canada.

Rounding out the Top 10 in the transportation and logistics category list were:

  • One Step GPS  — Los Angeles-based software company that provides real-time GPS fleet tracking solutions. The company was No. 199.
  • Roadie — Atlanta-based company is an on-the-way delivery platform that counts some of the nation’s largest retailers among its clients. Roadie was No. 203.
  • Manamis Inc. — The expedited trucking company based in Los Angeles was No. 226.
  • Sethmar Transportation — Freight forwarder based in Overland Park, Kansas, was No. 247.
  • ShipMonk — Fort Lauderdale-based company offers shipping and logistics services to small and medium-sized businesses was No. 316.

Ninety-six transportation and logistics companies made the list for a second time, including Perishable Shipping Solutions, Ally Logistics and ShipMonk.

Last year, Tampa, Florida-based 3PL Cedar Grove Group was the fastest-growing private logistics and transportation company on the list at No. 108.  The company did not make the 2021 list.

Click for more FreightWaves articles by Noi Mahoney.

More articles by Noi Mahoney

Chip shortage sinks Mexican auto exports in July

Rivian considers Texas, Arizona for $5B auto plant

US settles labor dispute with Mexican auto parts factory



Packers and movers in peenya Packers and movers in peenya Packers and movers near me Packers and movers near me Packers And Movers Banashankari Bangalore a Packers And Movers Banashankari Bangalore a Packers And Movers Jayanagar Packers And Movers Jayanagar Packers and movers Yelahanka Packers and movers Yelahanka Packers And Movers Btm Layout Packers And Movers Btm Layout Packers And Movers Koramangala Packers And Movers Koramangala Packers And Movers Hsr Layout Packers And Movers Hsr Layout Packers And Movers Bommanahalli Packers And Movers Bommanahalli Packers And Movers Begur Road Packers And Movers Begur Road Local Packers And Movers Bangalore Local Packers And Movers Bangalore Packers And Movers Ramamurthy Nagar Packers And Movers Ramamurthy Nagar Packers and movers Bangalore Packers and movers Bangalore