Home > Newsroom > Press Releases > 2008 > AmeriQuest Transportation Services Ranks No. 632 on the 2008 Inc. 5000 with Three-Year Sales Growth Of 525%
PRESS RELEASE
America's 5000 Fastest-Growing Private Companies Revealed
AmeriQuest Transportation Services Ranks No. 632 on the 2008 Inc. 5000 with Three-Year Sales Growth Of 525%
CHERRY HILL, NJ, August 28, 2008 – Inc. today announced its annual ranking of the 5000 fastest-growing private companies in the country. AmeriQuest Transportation Services came in at No. 632 on the list, with three year sales growth of 525%. The list is the most comprehensive look at a significant segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
This year marks the fourth time AmeriQuest has earned a spot on the Inc. list. In both 2003 and 2005, the company earned a spot on the Inc. 500 list. In 2007, AmeriQuest ranked number 1,668 on the 5,000 list. This year’s ranking further defined AmeriQuest as it ranked No. 8 in the top 50 logistics companies, No. 17 in the top 100 businesses in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, No. 19 in the top 100 Inc. 5,000 companies by gross dollars of growth, and No. 35 in the top 100 Inc. 5,000 companies by revenue.
“My passion has been to find a way to provide a platform where small- and medium-size businesses can compete with the big players in their industry, with access to the best people and technology available,” said Doug Clark, President and CEO. “AmeriQuest is that platform for the transportation industry, utilizing a patented business model I created where collaboration is the key to driving efficiencies and cost savings out of the supply chain.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year’s Inc. 5000 by registering with “IncBizNet, Business Network for Private Companies,” at www.incbiznet.com.
About AmeriQuest Transportation Services
AmeriQuest is a leading provider of comprehensive fleet management services in North America. 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, paperless accounting solutions, and outsourced transportation management services such as full service leasing, integrated logistics, and contract maintenance. More information can be found at www.ameriquestcorp.com.
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About Inc. 500 Inc. 5000 Conference
Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars — the privately held small businesses that drive our economy. The Inc. 500 Inc. 5000 Conference brings together members of the Inc. 5000 community—both a new class of Inc. 5000 honorees and the list’s alumni—for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.inc500conference.com or call us at 877-211-0489. |