Leading US Logistics Company Announces Record Growth and Aggressive Expansion Goals

WHITE PLAINS, N.Y., Feb. 20, 2019 /PRNewswire/ -- Capital Logistics, LLC is thrilled to announce a record year of growth in 2018, and several exciting initiatives to further propel growth for years ahead.

"2018 was a great year for Capital Logistics. Our business has been accelerating, with revenue increasing over 75% compared with 2017," said Capital Logistics' Chief Executive Jeff Gerson. He added, "we're pleased with our growth, and continue to invest in personnel and technology to meet the increasing demand from our customers."

Capital has taken important steps and achieved many milestones in 2018. It has doubled the size of its headquarters, where headcount is now twenty-seven and growing, opened three regional offices with over a dozen new employees in Newport, RI, Palm Beach Gardens, FL and Queens, NY.  The year also saw the official launch of the International Division, as well as the Marine Division, both of which contributed strongly to growth.

Capital Logistics International has grown steadily since its inception, handling a diverse mix of clients in the food and beverage, household goods, fine art, cosmetics, and marine industries. International revenues grew from $2 million in 2017, to over $7 million in 2018.  Domestic revenue increased from $26 million in 2017 to $45 million in 2018, with strong growth from increased load volume and new Fortune 500 customers.

"Service and reliability have always been our hallmark. The constant change in the marketplace frequently has shippers looking for alternatives. Eventually, once a company finds Capital, and works with us, they quickly come to realize the value that our level of service, effective communication, and reliable performance can mean to their operations," shared Capital Logistics Vice President Greg Ackner. "Price is always the driver, but our level of service and ability to provide reliable point-to-point visibility is our true value."

Capital Logistics' growth targets have the non-asset-based logistics firm reaching $150 million in annual revenue within three years. The firm has hired its first CFO to assist in the management of this sustained growth. "We've invested in human resources and technology, to make sure that we can continue to deliver the highest level of service. We know it's our communications and dependability that got us here, and that's what is going to continue to drive our growth," reinforced CEO Gerson.

Capital Logistics was founded in 2009, with a mission of improving quality, service, communication and reliability in the logistics industry. Headquartered in White Plains, NY, the rapidly growing company provides domestic and international logistics, with specialty divisions in temperature-controlled solutions, marine logistics, international freight forwarding and customs clearance.  

If you would like more information, for images or interviews please contact:
John Van Dekker - [email protected] - 914-800-9222

SOURCE Capital Logistics, LLC