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LMS Ranked 469th Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500
Press Release - 12/3/2008
St. Louis - Logistics Management Solutions, a non-asset-based third party logistics provider with proprietary technology, today announced that it ranked number 469 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003–2007. LMS grew 267 percent during this period.
LMS president and CEO, Dennis Schoemehl, credits TOTAL, LMS’ proprietary, Web-native transportation management system, with the company’s unprecedented revenue growth over the past five years. He said, “TOTAL continues to drive our sales because it helps companies better manage their transportation data to improve customer service and reduce costs.”
Deployed in 2001, TOTAL helps companies find the safest, most efficient and cost-effective means of moving freight. Using the Internet as an operating platform, authorized TOTAL users can plan, route and track shipments throughout North America. Key to its success is an optimization engine that analyzes shipping data to identify cost-saving opportunities, i.e. order consolidations and efficient delivery routes. TOTAL also generates performance reports to help companies manage their freight operations.
"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate LMS on this significant accomplishment."
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About LMS
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. LMS combines Web-native technology with proven logistics practices to offer optimization, execution and data management services that maximize clients’ operational efficiencies. For more information, visit www.lmslogistics.com.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.###
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