TORONTO, Ontario—A total of 16 companies that offer transportation or logistics services made it onto Profit magazine’s Profit 500 ranking.
The 25th annual report, which ranks businesses based on five-year percentage revenue growth (generally from 2007 through 2012), was topped by Vancouver, British Columbia-based video security surveillance system manufacturer Avigilon Corp, which achieved nearly 50,000 percent revenue growth.
Although it’s not a logistics company—Avigilon produces monitoring equipment used by trucking and transportation firms—it was among a number of businesses that supply products or services to the supply chain industry that are listed in the overall top ten. Alfred, Ontario-based PiiComm Inc, which makes mobile RFID and barcode devices used by transportation and warehousing companies ranked fifth, with revenue growth up over 4,100 percent. Tangent Inc, based in Toronto, Ontario, is an IT company offering retail and distribution solutions, including product information management and demand forecasting systems. It ranked ninth with over 3,450 percent growth.
The 16 transportation and logistics firms on the 2013 ranking achieved an average five-year revenue growth of 398 percent, and had average revenues of$20.5 million in 2012.
Surrey, British Columbia-based Synergy Trucking Ltd, which had revenue growth of 1,318 percent, was the highest ranking business in the transportation and logistics category. Western Freight Solutions of Luseland, Saskatchewan, Quarterback Transportation Inc of Toronto, Ontario, Entrec Corp of Spruce Grove, Alberta and Crossdock Systems Inc of Mississauga, Ontario rounded out the top five.
To see the full list of transportation and logistics companies that made the Profit 500 list, click here.