You’ve likely heard LaneAxis proclaim our steady growth and momentum over the past few years – but there’s no better confirmation than a third-party analysis by one of the oldest and most respected business publications on the planet.
The Financial Times, a British-based magazine founded in 1888 and valued at over $1.3 billion U.S. dollars (and boasting 1 million+ paid subscribers), just released its fourth annual rankings of the Americas’ 500 fastest growing companies of 2023. LaneAxis cracked the top third of the list, landing at 167. The Financial Times noted an absolute growth rate of 372% for LaneAxis between 2018 and 2021. Not mentioned was the fact that LaneAxis actually quadrupled its revenue between 2021 and 2022.
The top of the list is dominated by conglomerates and mega corporations such as pharmaceutical giant Moderna (ranked #5), DoorDash (ranked #39), and Zoom (ranked #57).
More impressively, LaneAxis was ranked AHEAD of such heavyweights as Shopify (ranked #182), Etsy (ranked #201), and DocuSign (ranked #262).
LaneAxis has garnered national – and international – attention for its Shipper-to-Carrier Direct Network model that eliminates the need for costly and opaque intermediaries such as freight brokers and third-party logistics companies (3PLs). The integration of Web3 technology, including a private blockchain that stores all shipment data and documents, has only added to the public interest LaneAxis has garnered.
“For years we’ve highlighted our rapid expansion and growth based on hard data such as revenue and number of shareholders, which currently stands at 7,000+,” says LaneAxis CEO & Founder Rick Burnett. “But to have an unsolicited third party – particularly one as respected and iconic as The Financial Times – take a deep dive and confirm our growth trajectory is deeply important. This should serve as strong reassurance and a source of pride for everyone involved in the LaneAxis Direct Network, from carriers to shippers to shareholders. This confirms that we are indeed on a fast-track to transforming freight transportation.”
On April 21, 2023, LaneAxis will be rolling out a new subscription model for carriers that will add an important and perpetual revenue stream for the company. Early paid subscription members will be granted “elite” status which will grant them a host of benefits, including increased savings on fuel and insurance. Currently 97% of the U.S. trucking industry is comprised of small and independent carriers owning just a handful of trucks, and in the case of many owner-operators, just a single truck. Individually, these carriers have little say or influence in the supply chain space. But by coalescing into a powerhouse network of hundreds of thousands – and eventually millions – of trucking companies, they’ll be able to flex their collective muscle in numerous ways, including leveraging their buying power to gain significant discounts and increase company profitability. LaneAxis is the only brokerless platform leading this charge.
As the Financial Times article suggests, now is a great time to be involved in LaneAxis.
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