Inc. Magazine Unveils its Annual List of America’s Fastest-Growing Private Companies-The Inc. 5000
For the 3rd Time, Elite Transit Solutions Appears on the Inc. 5000, Ranking No. 997 With Three-Year Revenue Growth of 463 Percent
PITTSBURGH, PA – August 2020 – Inc. magazine has revealed that Elite Transit Solutions (ELITE) is No. 997 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. ELITE, a recognized leader in revolutionizing the freight management logistics industry through technology solutions, has made the Inc. 5000 list for three years. The company made the list’s top 1000 companies again, with a 463 percent three-year growth rate.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
We’re very proud to be recognized among the country’s most successful entrepreneurs. ELITE was founded on the conviction that our team’s expertise, industry insights, and innovative technology would combine to help transform the freight industry. Our Freight Market product delivers a fully automated brokerage process that maximizes efficiencies for our carrier partners and creates added value for our clients. The tremendous growth our company has experienced is a testament to the industry’s desire for the solutions we offer, Michael D. Johnson, president and CEO of Elite Transit.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
More About Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
About Elite Transit Solutions (ELITE)
Founded in Pittsburgh, PA, in 2013, Elite Transit Solutions (ELITE) is a recognized third-party logistics (3PL) leader in revolutionizing the freight management logistics industry. ELITE delivers innovative technology solutions that minimize waste, while elevating service and value for customers in food and beverage, OEM, industrial, and chemical companies. The company has been honored on the Inc. 5000 list (2018, 2017) as one of America’s fastest-growing companies, and has received numerous additional industry awards such as Food Logistics’ Rock Stars and Top Green Providers, Best In Biz, and the Pittsburgh Business Times’ Fastest Growing Companies. Visit elitetransit.com, e-mail firstname.lastname@example.org, or call (878) 999-2880.