Trax Technologies Makes Inc. 5000 List, Second Year in a Row
Inc. Magazine has recognized Trax Technologies, a provider of cloud-based supply chain technology solutions, as one of the fastest-growing private companies in America.
“We’re honored to be recognized by Inc. Magazine once again,” said Trax Founder and CEO Scott Nelson. “Our continued growth validates that the logistics industry is seeking to improve supply chain performance by improving underlying data. Trax is unique in that we address logistics and supply chain data problems at the source.”
Trax is able to create value for its customers in a matter of months utilizing an easy to integrate cloud-based platform that takes bad or incomplete data and refines it into usable and reliable information.
“Logistics data is extremely messy and there are infinite points of potential failure throughout supply chains – especially on a global scale,” said Nelson. “Legacy approaches like Freight Audit and Payment have only solved a small fraction of the much larger problem. Trax helps create greater value for clients by helping buyers (shippers) avoid financial risks and sellers (carriers) avoid revenue leaks, all of which positively impacts companies’ bottom lines.”
With fully staffed offices in North America, Asia, Europe and Latin America, Trax is able to offer worldwide reach and “follow-the-sun” customer support – a capability that further contributed to the growth that landed Trax on Inc.’s list again.
Inc. 5000 companies are ranked according to percentage revenue growth when comparing 2011 to 2014. Trax enjoyed a 51% three-year growth rate, placing the company on the exclusive list for a second year in a row.
“Only a tiny fraction of the nation’s companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years,” said Eric Schurenberg, president of Inc.Magazine. ”This achievement truly puts Trax in rarefied company.”
The full 2015 Inc. 5000 list can be found at Inc.com.