NewswireToday - /newswire/ -
Buffalo, NY, United States, 2010/09/15 - Inc. Magazine has ranked LDi (Logistic Dynamics, Inc.) the 23rd fastest-growing Logistics company in the U.S., an exclusive ranking of the nation's fastest-growing, privately-held companies.
Logistic Dynamics, Inc. (LDi) a third party logistics provider specializing in freight management and freight broker related services, posted an impressive 3 year growth rate of 201%, earning the position of 1434 overall in the 29th annual Inc. 500|5000 program. This is the third consecutive year Logistic Dynamics has been honored by Inc. Magazine in its annual Inc. 500|5000 rankings.
"Back in 2003 when we founded the company I remember saying to myself that someday LDi would be ranked by Inc. Magazine as one of the their fastest growing companies and here we are making the list for the 3rd consecutive year. I am very proud of this accomplishment but I am even more proud of our team and all the hard work they have done to get us here. From our support staff through to all of our agency branch locations I have never worked with such a talented group of people," said CEO Dennis Brown.
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
About Logistic Dynamics, Inc. (LDi)
Logistic Dynamics, Inc. (LogisticDynamics.com) is a non-asset based third party logistics provider that specializes in transportation management and freight broker related services. Logistic Dynamics provides full truckload, less than truckload, rail, air and ocean services to a broad range of customers throughout North America by utilizing their ever expanding network of agents and carrier partners.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that deliver real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.