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Kenco Scores 40 Percent Revenue Growth in Transportation Services

| January 29, 2019

Kenco Logistics, a leading North American  third-party logistics provider, announced 40 percent revenue growth in transportation services revenues over the last year. 

This growth, according to the company, is a result of new business contracts for managed transportation, white glove delivery and dedicated contract carriage (DCC) services as well as the expansion of the Freight Brokerage business. The transportation group also has invested heavily in talent with the addition of experienced professionals in the areas of business unit leadership, sourcing and analytics, solutions development, technology, operations and business development.

“Over the last 12 months, Kenco has made a tremendous investment in building out our transportation capabilities and the team supporting that business,” says Denis Reilly, CEO at Kenco. “A combination of increased industry expertise and the evolution of our services has contributed to this success. We are excited to see our team, capabilities and scale dramatically increase over time.”

Technology-Driven Solutions

Kenco provides an access point for shippers to leverage the industry’s leading supply chain technologies. We continue to monitor the ever-changing software market to sustain a relevant transportation management software (TMS) solution. This deliberate approach differentiates Kenco in the market by creating unique value for our clients, further enabling transportation growth this year. By accessing real-time market data, representing $4B+ in freight spend, Kenco can identify and match carrier capacity with shipper demand, while enjoying full visibility to market rates.  

“A static stand-alone TMS platform is no longer adequate to manage the complexities in today’s transportation environment effectively,” says Todd Johnson, Senior Vice President of Transportation at Kenco. “At Kenco we utilize a comprehensive group of integrated technology platforms and then layer in customer network activity, on top of a macro view of the market, to create value through dynamic load matching. This type of systemic, intelligence-based sourcing provides real-time visibility to what our customers should be paying for a shipment and creates opportunities to attract carrier capacity at or below market rates.”

New Hires

Kenco is investing in transportation expertise, as well as technology, to drive and support our rapid growth. Notable new hires include: Amber Miller, Vice President of Freight Logistics, Adam Higdon, Vice President of Asset Transportation and Mike Pallo, Vice President of Sales.

Category: General Update, News

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