APRIL 8, 2019
LAZER SPOT RANKED IN TRANSPORT TOPICS TOP 50 REPORT
Lazer Spot has been named to Transport Topics Top 50 List of the Largest Logistics Companies in North America, joining industry movers such as J.B. Hunt Transport Services, C.H. Robinson Worldwide, and Ryder Supply Chain Solutions.
Transport Topics is the premier publication in freight transportation, and annually publishes lists of the top logistics companies, for-hire carriers, and private fleets. Companies are ranked based on net revenue for the most recent 12-month period.
President and CEO Adam Newsome said, “What’s really interesting is that the sector continues to have immense opportunities for growth.” Lazer Spot is 49th on the list, which is topped by powerhouse companies XPO Logistics (#1 in 2019), UPS Supply Chain Solutions (#2), and DHL Supply Chain (#3).
XPO’s CEO, Brad Jacobs, told Transport Topics, “Logistics is the last large industry that hasn’t consolidated. This is an industry with more than $1 trillion opportunity, yet no company has even 10% market share.”
Adam said, “That’s really exciting to me. Lazer Spot is a young company, and a relatively small company, compared to these industry giants. But there’s a tremendous pathway to growth for us, especially in our niche space of spotting and short shuttles.”
Lazer Spot provides services to several of the logistics companies on the Top 50 list, including Penske Logistics, Americold Logistics, Kenco Logistics, and FedEx Logistics.
Atlee Valentine Pope, CEO of consulting firm Blue Canyon Partners, told Transport Topics she believes it will be “essential for logistics service providers to know intimately what their customers will require and [be] positioned accordingly.” When markets are disrupted, she said, the winners are “usually those who can continue to create value.”
COO Phil Newsome said, “That’s us. We have built our reputation on knowing what our customers require and creating value for them. We continue to leverage top-quality teams and technology solutions to give our customers visibility into their own operations. Our goal is to be an indispensable partner to every customer we work with, and we’re confident that that will continue to serve us well going forward.”
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