Inc. Magazine Names Logistics Management Solutions One of America's 500 Fastest-Growing Private Companies |
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Logistics Management Solutions (LMS)
One City Place Drive, Suite #415
St. Louis, MO, 63141
USA
Press release date: September 1, 2006
ST. LOUIS - Logistics Management Solutions (LMS), a St. Louis-based third party logistics provider, has earned a spot on Inc. magazine's 25th annual Inc. 500 ranking of the fastest-growing private companies in the country. LMS ranks No. 470 on the list with three-year growth of 322 percent.
LMS provides transportation management services and technology to a variety of companies, including BASF, Monsanto and The Scotts Company. Established in 1996 by Dennis Schoemehl, president and CEO, and John McHugh, chief operations officer and chief financial officer, LMS cited revenue of $58.2 million in 2005. According to Schoemehl, LMS' growth stems from the company's ability to reduce its clients' transportation costs through innovative transportation strategies that do not compromise safety and service requirements.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year's Inc. 500 are the biggest ever to make the list - No. 170 Western Refining ($3.4 billion in revenue) and No. 376 Newegg.com ($1.26 billion) - and the third and fourth companies in Inc. 500 history to crack the billion-dollar mark. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.
"This year marks LMS' tenth anniversary and I cannot think of a more fitting way to honor the accomplishments of our organization," said Schoemehl. "We are proud to be listed among companies that share our entrepreneurial roots and have found ways to thrive within today's competitive business landscape."
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent - not subsidiaries or divisions of other companies - as of December 31, 2005, and have, and have at least $600,000 in net sales in the base year. To learn more about this year's Inc. 500 rankings, visit www.inc.com.
LMS is a non-asset-based, third party logistics provider that brings millions of dollars in transportation cost savings to some of the world's best-known companies. We combine Web-enabled technology with proven logistics practices to offer optimization, execution and data management services that maximize our clients' operation efficiencies. For more information, visit www.lmslogistics.com.
Kerry Carey Marketing Manager LMS 1 CityPlace, Ste. 415 St. Louis, MO 63141 www.lmslogistics.com cell: 618-789-1016
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