INDIANAPOLIS, April 16,
2024 /PRNewswire/ -- Spot, a leading North American
logistics company, has been named to the 2024 Transport Topics Top
100 Logistics Companies List. The company secured the top ranking
among Indiana-based freight
brokers and achieved a national ranking of 33rd. The annual list
ranks companies based on gross revenue from the preceding year.
"Being named a Transport Topics Top 100 company, especially
during a period of market headwinds, is a true testament to
the dedication and innovation of the entire Spot team," said
Andrew Elsener, Co-founder of Spot.
"We're incredibly proud to be recognized as a leader in North
American logistics, and we're committed to continuously exceeding
expectations for our clients despite challenging market
conditions."
This achievement comes amidst a challenging market environment
for the third-party logistics (3PL) industry. According to the
Transportation Intermediaries Association's latest 3PL market
report, the fourth quarter of 2023 saw a 4.7% decline in shipments,
a 4.3% decrease in invoice amount per shipment, and an 8.8% drop in
total revenue compared to the third quarter. Despite these industry
challenges, Spot's performance demonstrates its commitment to
excellence and ability to navigate complex market conditions.
Since 1935, Transport Topics has been the news leader in
trucking and freight transportation. When it comes to major issues,
industry events, and new developments, TT journalists get the story
first and get it right, keeping readers informed about all aspects
of the trucking industry and helping them stay ready for what's to
come. To learn who made the list and read more about the issues
facing logistics companies, visit Transport Topics
at https://www.ttnews.com/logistics/freightbrokerage/2024
"Soft freight market conditions have been placing financial
strain on third-party logistics providers for the past couple of
years with an oversupply of truck capacity driving down rates and
squeezing brokers' margins," said Seth Clevenger, managing
editor of features and multimedia at Transport Topics. "Despite
this challenging business environment, the industry's top 3PLs have
continued to drive improvements in supply chain efficiency for
their shipper customers."
Spot was founded in 2009 by Elsener and Andy Schenck. It recently celebrated its 15th
anniversary by unveiling its redesigned innovative website and
ground-breaking technology platform, MySpot. You can learn more
at www.spotinc.com or hear from industry experts on the
Company's podcast, More Than A Broker, available on Spotify,
Apple Podcasts, and other major platforms.
About Spot
As a leading leading third-party logistics provider in
North America, Spot is built on
relationships, combining 24/7 support with proven, passionate, and
dedicated team of logistics professionals. Spot provides custom,
tailored logistics solutions for shipping challenges through
relentless effort, industry knowledge, and advanced technologies.
Established in 2009 with the vision that there is a better way to
move freight, Spot has more than 500 employees across its U.S.
locations in Indianapolis,
Indiana; Charlotte, North
Carolina; Tampa, Florida;
Tempe, Arizona; and Chicago, Illinois. For more information, visit
Spot's website at spotinc.com and follow Spot on social media:
Facebook (Spot), Twitter (SpotFreight), LinkedIn (Spot Freight),
Instagram (spotfreight), and TikTok (spotfreight).
MEDIA CONTACT:
Brandon
Evans
Communications Manager
317-550-7100
Bevans@spotinc.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/spot-powers-through-headwinds-named-a-top-100-freight-brokerage-by-transport-topics-302118161.html
SOURCE Spot Freight