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Transportation Insight Ranks in Top Tier of North Carolina's Largest Privately Held Companies
Continued Growth Highlights Market Need for Trusted Supply Chain Partner
HICKORY, NC (October 8, 2019) - Transportation Insight, a leader in Enterprise Logistics solutions and services for the end-to-end supply chain, is included in the top gross revenue tier of Business North Carolina magazine's annual ranking of the state's privately held businesses. For the fifth consecutive year, Transportation Insight is featured on this prestigious list that has chronicled the organization's continued growth. With gross revenue exceeding $2.8 billion at the end of 2018, Transportation Insight's recognition among North Carolina's top private businesses during the past 15 years reflects the ongoing market need for a trusted partner leveraging deep domain expertise to engineer supply chain networks that drive value and give clients a competitive edge.
"This list recognizes companies that demonstrate the staying power and business acumen required to be one of the largest privately owned businesses in the state. We are proud to be ranked in the top revenue tier, validating once again the efforts of Transportation Insight and our dedicated employees who are working to improve our customers' sustainable growth and bottom-line profits," says Transportation Insight CEO Rennie Faulkner. "Leveraging integrated technology, deep analytics and years of industry intelligence, Transportation Insight helps companies move beyond surviving to thriving in their marketplace."
Transportation Insight's position in the BNC Private 125 reflects the 2018 gross revenue for the Enterprise Logistics Provider operating under the Transportation Insight HoldCo (TI HoldCo) parent company. TI HoldCo also includes transactional freight brokerage Nolan Transportation Group (NTG) and recently acquired TSG, a technology-enabled transportation management business. Combined, gross revenue exceeds $3.5 billion for TI HoldCo, an organization that now employs more than 1,600 people throughout North America.
"Transportation Insight's dominance in the logistics market is a testament to our vision for exceeding customer expectations with data-driven strategies combined with innovative digital technology and multi-modal expertise that lead businesses to a stronger dominance in their field," says Transportation Insight Founder and Chairman Paul Thompson. "Our supply chain solutions encompass supply chain analytics, freight bill audit and payment, transportation management and continuous improvement methodologies that minimize the cost to serve, unlock inter-organization collaboration and optimize customer experiences."
Business North Carolina's ranking of the state's top privately held businesses has been published annually since 1984. Previously a voluntary recognition including 100 companies, the list now features 125 organizations, including businesses that previously declined to participate. The ranking is based on revenue from the previous year, and it celebrates successful businesses that have unlocked their potential for growth and demonstrate innovation, expansion, talent, culture and agility. Named a 2019 Best Employer in North Carolina, Transportation Insight excels in all requirements for making the list driven by significant acquisitions; introductions of new solutions for analytics, e-commerce and parcel; talented team members; and a corporate culture with values that scale over time as the company grows.
The BNC Private 125 appears in the October issue of Business North Carolina, available online here.
About Transportation Insight, LLC
Transportation Insight is a multi-modal, lead logistics provider that partners with manufacturers, retailers and distributors to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates through customized supply chain solutions. Transportation Insight offers a Co-managed Logistics® form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications, parcel technology platform (audit, engineering, advanced analytics) and business intelligence. The Enterprise Logistics division of the Transportation Insight Holdings, LLC, (TI Holdco) portfolio, Transportation Insight operates alongside transactional freight brokerage Nolan Transportation Group (NTG) to help client shippers engineer efficient supply chain networks. Combined, the $3.5 billion TI Holdco organization serves 7,000 clients with logistics management services that include domestic transportation (TL, LTL, Parcel), e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials including secondary packaging. Headquartered in Hickory, NC, Transportation Insight has secondary operating centers and client support offices across North America. For more about Transportation Insight, visit www.transportationinsight.com, email info@transportationinsight.com or call 877-226-9950.
Grocery shoppers in Australia will soon be able to zip in and out of the store in record time, bypassing the lines for cashiers or self-checkout kiosks altogether. They can just walk in, make their selections, and walk out with their bags in hand.
The secret to this express shopping experience is the “Caper Cart,” an AI (artificial intelligence)-powered smart trolley from San Francisco-based Instacart. In its first deployment in the Asia Pacific (APAC) region, the system is being tested by Coles Supermarkets, a food and beverage retailer with more than 1,800 grocery and liquor stores throughout the country.
To get started, customers simply grab a grocery cart-sized smart trolley at the store’s entrance and begin shopping, depositing the items directly into shopping bags as they go. The Caper Carts use onboard AI, cameras, and a built-in scale to automatically recognize items as they’re added to the trolley. Customers can watch their running total display on a screen—just as if they were shopping online—then swipe their credit card on the trolley’s payment terminal to complete the purchase.
“As the first retailer in Australia to introduce AI-powered trolleys, we’re excited to offer our customers a convenient and engaging way to shop in-store, helping them save time, manage their budget, and check out faster—or at their own pace,” Coles’ chief digital officer, Ben Hassing, said in a release. “The Coles smart trolley illustrates our omnichannel approach, leveraging digital capabilities to enrich the in-store experience.”
If you’re looking to make the packaging process more eco-friendly, the obvious place to start is with the box itself. And that’s exactly what Salt Lake City-based Packsize did when it made its initial foray into sustainable packaging back in 2002. That year, the company launched its first product, an innovative on-demand packaging system designed to reduce cardboard waste (and the need for filler material) by creating a right-sized box for each shipment.
Now the company is ready for the next step: greening up the glue.
According to Packsize, 300 billion boxes around the globe are sealed using 500,000 tons of hot-melt adhesive every year, contributing significantly to global emissions generated by the paper-based packaging industry. In a bid to cut those emissions, Packsize recently teamed up with Henkel Adhesive Technologies, a unit of the German chemical and consumer goods company Henkel, to launch Eco-Pax, a bio-based hot-melt adhesive designed to lower carbon footprints without sacrificing performance.
Eco-Pax is made from bio-based raw materials, forgoing traditional fossil-based ingredients. The adhesive will soon be used on more than 340 million boxes produced annually using Packsize’s right-sized packaging machines. That single change is expected to reduce Science Based Targets Initiative (SBTi)-relevant greenhouse gas (GHG) emissions up to 32%, which is equivalent to the burning of 1.75 million pounds of coal, the partners said.
“Partnering with an innovative leader like Packsize to launch a bio-based adhesive solution is a big step toward building a more sustainable packaging value chain,” Kevin Heffernan, head of business development, North America, consumer goods adhesives, Henkel Adhesives Technologies, said in a release. “Together, we’re setting a new standard for sustainability in packaging while delivering the high-performance brands and consumers trust.”
MOORESTOWN, NJ (December 18, 2024) OPEX® Corporation, a global leader in Next Generation Automation providing solutions for document, mail, and warehouse automation, has been selected as a finalist in the 2024 NED (New Equipment Digest) Innovation Awards, which celebrates innovations in industrial technology, tools, and equipment that empower businesses to work faster, better, and more cost-effectively.
Introduced in March 2024, Sure Sort X with Xtract is a fully adaptable, turnkey offering designed to automate multiple manual tasks with a simple, one-touch solution.
The technology handles nearly 100% of customer-sortable items weighing up to 20 pounds and sorts items into a configurable array of mixed bin sizes and types, all while maintaining a consistent throughput of up to 2,100 items per hour.
“We are excited to once again receive this recognition, which honors our warehouse automation solutions that clients around the globe count on, as well as our culture of innovation,” said Alex Stevens, President, OPEX Warehouse Automation. “Sure Sort has long been a preferred warehouse automation solution for distribution centers and third-party logistics companies. Sure Sort X paired with Xtract has been developed to meet the evolving demands of the marketplace to deliver one integrated solution that automates the sort and order takeaway process.”
When Sure Sort X is paired with Xtract, totes are retrieved and their contents are transferred into shipping containers automatically, eliminating the need to manually sort and transfer boxes downstream. Xtract iBOTs can handle up to 200 extracted totes per hour.
The system can accommodate multiple market vertical workflows and greatly reduce the need for human interface. Installation can occur in as little as one week and return on investment can be realized within just two years.
For nearly five decades, OPEX has served as a trusted partner, collaborating closely with clients to develop customized, scalable solutions that transform how they conduct business.
About OPEX
OPEX Corporation is a global leader in Next Generation Automation, providing innovative, unique solutions for warehouse, document and mail automation. With headquarters in Moorestown, NJ, USA—and facilities in Pennsauken, NJ; Plano, TX; France; Germany; Switzerland; the United Kingdom; and Australia—OPEX has nearly 1,600 employees who are continuously reimagining and delivering customized, scalable technology solutions that solve the business challenges of today and in the future.
Columbus, OH – December 18, 2024 – Hy-Tek Intralogistics, a premier provider of software, systems and services for supply chain automation technology, has released an episode of its popular podcast Automation Insider that looks at warehousing trends for 2025.
Automation Insider is a podcast created for people interested in what is new and what is successful in logistics and automation technology across a wide range of industries.
“Warehousing is evolving faster than ever,” said Hy-Tek Intralogistics Solutions Design Lead and Automation Insider Host Joe McGrath. “Technology is no longer just a support tool—it’s becoming the driving force behind how we handle inventory, meet customer demands and tackle challenges like sustainability. As we move toward 2025, staying ahead means embracing the trends shaping the future of logistics.”
From smarter warehouses powered by AI to green logistics initiatives, Hy-Tek takes a look at the top trends transforming warehousing and why they matter for your business.
Fans of the podcast can contact show producer Amanda Powers at AutomationInsider@hy-tek.com to provide feedback and ideas for the podcast, or to become a guest on the show. You can also listen on Spotify, YouTube or Apple.
About Hy-Tek Intralogistics
Bringing unique solutions to material handling challenges, Hy-Tek is a leading end-to-end resource and automation technology integrator across a wide range of industries including manufacturing, distribution, retail, construction, food and beverage, pharmaceuticals, electronics and automotive that keep their supply chain moving seamlessly and efficiently.
Hy-Tek works with supply chain strategy and planning before integration and then leverages emerging technologies like the IntraOne® full stack software platform, robotics and traditional material handling automation to solve complex product and information flow inefficiencies. Through many hours of research, development and testing, Hy-Tek has created its Innovation Lab to present the future in motion and to show the new age of picking, transporting and storing of goods and equipment in real-time. With more than 425 employees, Hy-Tek serves customers in the United States, Canada and Mexico from offices in Georgia, Illinois, Kentucky, New Jersey, Ohio, Pennsylvania and Tennessee. For more information, visit www.hy-tek.com
COOKEVILLE, Tenn. — Averitt has promoted David Fussell to vice president of dedicated sales, following the retirement of Walt Gray.
Fussell joined Averitt in 1991 and has held several key positions throughout his career. He served as a transportation sales specialist in Decatur and Nashville, later becoming service center director in Little Rock. In 2018, he transitioned to director of dedicated sales, working closely with Gray to expand the company’s dedicated accounts and deliver customized solutions to customers.
“David’s extensive experience and leadership have been instrumental in expanding our dedicated services,” said Kent Williams, executive vice president of sales and marketing at Averitt. “We look forward to seeing continued growth under his leadership in this role.” For more information about Averitt’s Dedicated solutions, visit Averitt.com/Dedicated.
About Averitt
Serving shippers for over 50 years, Averitt is a leading provider of freight transportation and supply chain management solutions with an international reach of over 100 countries. Averitt's “Power of One” service structure provides shippers access to LTL, Truckload, Dedicated, Distribution & Fulfillment, and Integrated services that cover every link in the supply chain. Averitt’s team has been awarded the highest honors in the industry in the past year, including three Quest for Quality Awards, numerous customer awards, and a top ranking in MASTIO & Company’s shipper survey. Averitt's 8,500+ associates are dedicated to delivering the most reliable services within the industry and promoting a company culture centered around people, communities, sustainability, and giving back. For more information, call 1-800-AVERITT (283-7488) or visit Averitt.com.