Freightquote News

Freightquote.com Appears on Inc. 500

Posted by FQ Admin on 10/20/2004

Freightquote.com, a leading provider of online business-to-business freight and logistics services, announces its appearance on the Inc. 500 list. Every year Inc. Magazine produces the prestigious Inc. 500 ranking of privately held companies according to averaged year-over-year sales growth for a four-year period. Over the years, the Inc. 500 has identified the next generation of world-class companies before they become well-known industry powerhouses.

Freightquote.com CEO, Tim Barton attributes the company's success to "building the right workplace where employees can excel. They are the greatest asset when it comes to keeping the customer happy. And we certainly couldn't have come this far without the support of our customers."

"Demonstrating the resilience of this year's Inc. 500 crop is the fact that 102 of this year's honorees started in 1999-meaning that they weathered the start-up costs of the overcapitalized boom and thrived during the impending bust that was one of the toughest periods for young companies in recent memory," said Inc. editor-in-chief John Koten.

"The best thing you can say about this year's crop of Inc. 500 entrepreneurs is that they didn't buy into the hype," added Koten. "When people were practically giving away funding in the late 1990s, these companies didn't overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity."

With approximately 75% of new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. Freightquote.com is ranked 17th for top companies in freight shipping logistics!

About Freightquote.com:

Based outside Kansas City, Freightquote.com and its subsidiaries serve customers across North America. The company has over 900 employees and annualized revenues exceeding $400 million. Founded in August of 1998 by Tim Barton, Freightquote.com delivers a vast array of services for a large and diverse customer base. These services enable customers to instantly quote and compare freight rates of hundreds of national and regional freight carriers. Freightquote.com specializes in creating customized freight solutions to meet their customer’s needs, including LTL, truckload, intermodal and air freight options.

Visit http://www.freightquote.com for more information or call (800) 323-5441 to reach Freightquote.com directly.