Tuesday August 28, 2007

Laser Transit Among "5,000 Fastest Growing Private Companies" in U.S.

Sandy Creek shipper's revenue up 66 percent in last four years
By Press Release

    Inc. Magazine, a monthly magazine for entrepreneurs and small businesses, recently ranked Laser Transit of Lacona number 4,541 on its list of the 5,000 fastest-growing, private companies in the United States.

    The "Inc. 5,000," an extension of Inc. magazine's annual "Inc. 500" list, includes many businesses that are too big to grow at the pace required to make the "Inc. 500," as well as a host of smaller firms.

    Founded in 1995, Laser Transit, Ltd. is a third-party logistics firm that offers services in the U.S. and Canada including interstate truckload transportation, rail and truck distribution with over 325,000 square feet of warehousing, and customized outsourced logistics management. The company employs over 62 full and part-time employees including drivers, warehouse
    operators, mechanics, administrative and managerial personnel.

     "We believe that our commitment to keep pace with technological advances in the transportation industry has helped Laser Transit work more efficiently and offer more tailored services to our customers," said George Joyce,president and CEO of Laser Transit. "It is extremely gratifying and a great honor to have Laser Transit's business success recognized by one of the most well-known business publications in the country."

    The "Inc. 5,000" list measures revenue growth from 2003 through 2006. To qualify, companies were required to be U.S.-based, privately held and independent --not subsidiaries or divisions of other companies--as of Dec. 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.

    According to Inc., the fastest-growing companies in the nation are located in the Midwest with 1,046, followed by the West with 884 companies. The Southeast was third, with 872 companies, followed by the Northeast with 782 companies, and the Mid-Atlantic region with 606 companies.

    The largest business category is construction, with 561 of the fastest-growing companies in this category,  followed by manufacturing with 515 companies, IT services in third with 466 companies, business services with 377 companies and advertising and marketing with 349 companies round out the top five industries ranked on the 2007 Inc. 5,000.  Industries
    reporting the highest total revenue in 2006 are construction ($27.1billion), manufacturing ($18.6 billion), health ($13.1 billion), computers and electronics ($12.7 billion), and financial services ($11.8 billion).

    "With revenue growth exceeding 66 percent in just the last four years, significant investments in computer technology and diversification of its services, Laser Transit has achieved remarkable success and we are very proud to have a business of this caliber located in Oswego County," said L. Michael Treadwell, CEcD, executive director of Operation Oswego County, a
    private, non-profit organization working to enhance and protect the economic climate of Oswego County.

    "We congratulate Laser Transit for their inclusion in the "Inc. 5,000" and wish them continued success," said Treadwell.

    Inc. is a major business magazine edited exclusively for CEOs of fast-growing, private companies and provides hands-on resources and market-tested strategies for managing people, finances, sales, marketing and technology.  More information on the "Inc. 5,000" list can be found at www.inc.com/inc5000.  The list features a profile for each company and is searchable by numerous criteria, including industry, city, state, region, and year founded.

    For more information about economic development services in Oswego County, call Operation Oswego County at 343-1545 or visit www.oswegocounty.org.

Oswego County Business Magazine
Issue 160

Issue 160
February/March 2019

Cover Story


James Weatherup

On The Job

What Are Your Goals for 2019?

Success Stories

Laser Transit Ltd.

My Turn

The Incompetent Boss and the Peter Principle

Economic Trends

Economic Advancement Plan Progress Report

Last Page

Chena Tucker