Home > Newsroom > Press Releases > 2005 > AmeriQuest Named to the Inc. 500 List of America’s Fastest-Growing Private Companies

PRESS RELEASE

AmeriQuest Named to the Inc. 500 List of America’s Fastest-Growing Private Companies

November 3, 2005, Cherry Hill, NJ – Inc. magazine released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. AmeriQuest Transportation and Logistics Resources®, a leading provider of services to the transportation industry, came in at No. 480 on the list, with three-year sales growth of 301%.

This marks the second time AmeriQuest has been named to the Inc. 500 list. AmeriQuest also made Inc. 500 news in 2003. Since that time, AmeriQuest has experienced unprecedented growth in the transportation industry, and continues to move forward with providing resources and driving efficiency to companies where truck transportation is an integral part of their business.

“The scalability of our business model has enabled us to experience tremendous growth,” states Doug Clark, President and CEO of AmeriQuest. “Because of this, AmeriQuest has been able to quickly adapt to changes throughout the industry at a rapid pace with ease, and without a strain on resources.”

The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.

The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% up tick of 306,045 jobs in 2004.

“When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”

The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

About AmeriQuest Transportation Services
AmeriQuest is a leading provider of comprehensive fleet management services. By leveraging the strength of over 700,000 vehicles, AmeriQuest delivers savings, expertise, and opportunities to its private fleet and truckload carrier members. AmeriQuest provides supply management services, asset management services, financing, technology products, and outsourced transportation management services such as full service leasing, integrated logistics, and contract maintenance. More information can be found at ameriquestcorp.com.

About Inc. Magazine
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.