Scottsdale, Ariz., March 16, 2022 (GLOBE NEWSWIRE) — Emerge, the leading freight sourcing platform, has been named the second-fastest-growing private company in the Southwest region by Inc. Founded in the Part of the annual Inc. 5000 franchise rankings, this regional list represents a unique look at small independent businesses.
“We are thrilled to be ranked so high on this prestigious list,” said Andrew Leto, Founder and CEO. “Emerge was created to fill a major gap in the transportation industry, and demand for our value proposition and innovative services continues to grow exponentially.”
Companies on the Inc. list are leaders, names to remember
According to Inc., the companies on this list are showing a remarkable growth rate across all industries in the Southwest region. Between 2018 and 2020, these 141 private companies experienced a growth rate of 154%, and in 2020 alone, they added 10,563 jobs and nearly $10.9 billion to the Southern region’s economy. -West.
“This year, the regional winners from Inc. 5000 represents one of the most outstanding and interesting lists of out-of-this-world growing American companies. They are disruptors and job creators, and all have had an impact on the economy. Remember their names and follow their example. These are the companies you’ll be hearing about for years to come,” said Scott Omenlianuk, editor of Inc.
The complete Inc.5000 Regionals Southwest results include company profiles and an interactive database sorted by industry, metro area and other criteria, available at inc.com/southwest.
Emerge was also recently named one of America’s Top Startup Employers. Leto noted, “The ability to achieve dramatic growth while maintaining a positive employee culture speaks volumes about the caliber of leaders Emerge attracts.”
New management and continued growth of the platform in 2022
The Emerge Freight procurement platform continues to experience rapid growth, with interest from the nation’s largest shippers and carriers. New leaders are joining the organization from among the most recognized supply chain brands and Emerge plans to significantly strengthen its internal team in 2022. “We are attracting the best leaders and talent in freight,” said Leto. “From operations to the executive suite, we’re bringing in freight’s biggest hitters to create something truly groundbreaking for our industry.”
Rethinking Procurement: The Emerge Freight Procurement Platform
Emerge strengthens meaningful logistics relationships by transforming the $800 billion freight industry, through its award-winning freight sourcing platform. The Emerge platform helps streamline the disjointed and cloudy supply landscape, bringing shippers and carriers together in one space to create and build mutually beneficial relationships.
As freight sourcing and optimization become common conversation in boardrooms, companies are increasingly looking for creative ways to find new efficiencies in their supply chain. The Emerge platform is the first choice for carriers and shippers within the supply ecosystem, which inherently creates a powerful “network effect” – unlocking new opportunities for all participants as the network grows and becomes more robust. With the addition of each carrier and shipper, the Emerge Market becomes even more powerful, creating better innovative opportunities and win-win scenarios for all.
Built for freight professionals, Emerge is the only platform designed and led by freight experts with decades of hands-on, hands-on sourcing experience. Emerge’s leadership team and board members include some of the biggest names in transportation, with previous experience at companies like UPS Freight, GlobalTranz, Coyote Logistics, Transplace, JB Hunt and FreightWaves. This expertise enables Emerge to offer solutions that improve contract and spot supply, empowering shippers and carriers to make more empowered strategic decisions.
Collaboration between shippers and carriers, evolution
Founded by industry veteran Andrew Leto, Emerge has enjoyed tremendous success since opening in 2017. In addition to securing over $150 million in funding from investors, the Emerge platform has enabled shippers to procure over $6 billion in freight leveraging Dynamic Tendering and Spot Platform. In September 2021, Emerge announced its latest $130 million Series B funding round, led by investment partners 9Yards Capital, Tiger Global Management and The Spruce House Partnership, with additional participation from existing backers New Road Capital Partners and Greycroft.
“This funding will allow us to scale our business effectively – from creating new opportunities for our current employees to meeting outside needs if needed,” said Jack Holmes, Emerge’s executive chairman and former president. and CEO of UPS Freight. “We have been fortunate to have great partners including financial partners, shippers and carriers. Andrew [Leto’s] vision has continued to evolve, and we are confident that our platform will be seen by our partners as the most influential in transportation. »
Transforming the $800 billion freight industry, Emerge strengthens meaningful logistics relationships through its award-winning freight sourcing platform. Designed by freight professionals for freight professionals, Emerge delivers solutions that improve the procurement process, empowering shippers and carriers to make more empowered strategic decisions. Founded in 2017 and based in Scottsdale, Arizona, Emerge is one of the fastest growing tech startups in the United States. Visit www.emergemarket.com to learn more or view current vacancies.
Inc. 5000 Regionals Methodology
The 2022 Inc. 5000 Regionals are ranked by percentage of revenue growth comparing 2018 and 2020. To be eligible, companies must have been founded and generating revenue by March 31, 2018. They had to be based in the United States , private, for – for-profit and independent – no 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.) minimum income requirement for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to refuse applications for subjective reasons.
About Inc. Media
The World’s Most Trusted Business Media Brand, Inc. provides entrepreneurs with the knowledge, tools, connections and community to build great businesses. Its award-winning cross-platform content reaches over 50 million people every month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private company
companies in the United States. The global recognition that comes with inclusion in the 5000 gives founders of top companies the 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.
Debra Phillips, Marketing Manager
Emerge recognized by Inc.