Inc. Magazine Unveils Its Annual Exclusive List of America's Fastest-Growing Private Companies-the Inc.500|5000
Issaquah, WA – August 23, 2011 -- Inc. magazine today ranked Red Arrow Logistics No. 2,340 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. This is the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Red Arrow Logistics joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
“We are thrilled to perpetuate a rate of growth that reflects the market’s interest in high quality service and offerings – regardless of a company’s size,” said Liz Lasater, CEO of Red Arrow Logistics. Since the last Inc. 500/5000 Red Arrow has secured its NVOCC (non-vessel-operating common carrier) license from the Federal Maritime Commission and joined the EPA SmartWay Transport partnership. “These certifications show our customers that we are aggressively pursuing business practices and capabilities that are important to them.”
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Lasater attributes the company’s continued rapid growth on the network of international freight forwarders that she has established over the past year. “Our commitment to develop strong partnerships and leverage the expertise of others around the world has enabled us to provide more services that customers want and continue to attract and retain top companies in recession-proof sectors, like technology, military and renewable energies.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000
About Red Arrow Logistics
Red Arrow Logistics provides logistics and transportation services and expertise to Fortune 100 companies and others with fast growing, complex and high value supply chains. The Company has deep experience in the technology, military, food & beverage, consumer products and renewable energy sectors, in the international and domestic arenas. Red Arrow offers scale and the scope of services to meet the budget and schedule requirements of the largest and smallest companies alike, with international air and ocean to over 185 countries. Its primary services are in the areas of freight transportation, freight forwarding, warehousing and distribution services, and custom retail programs.
A certified Woman-owned Small Business Enterprise (WBE/DBE), Red Arrow Logistics has been named by WPO as one of the 50 Fastest™ growing companies in North America, among the Top 10 Woman-Owned Companies in the state of Washington and joined Inc magazine’s 5000/500 List in 2010.