Fast 25: InTek Freight & Logistics Inc.
Revenue growth 2018 to 2020: 242%
2020 turnover: $ 39.8 million
Beginning: InTek CEO Rick LaGore’s background is in accounting, but logistics is his calling. “Probably,” he said, “because it’s an equation that needs to be solved.” Companies can either save or lose on their freight budget, and “if you find the right solution, you can have a huge advantage over your competition in terms of getting your products to the consumer quickly.”
To build: LaGore and his longtime partner Shelli Austin, president of InTek, started the business in 2003 as a warehousing company. In 2016, they parted ways with this business and began to focus on one area of ââthe freight market, intermodal, a combination of truck and rail. They have since added services. âWe have all kinds of options for people to help them be better at what they do,â he said. “And as the market has learned from Amazons around the world, logistics wins.”
Wide range: InTek transports freight throughout North America. He has no assets; it buys capacity â trucks and rail space to move freight â from the Union Pacific Railway and many trucking companies. Customers include Guitar Center, Keen Shoes and Molson Coors.
Pandemic life: LaGore became concerned when InTek had to close its offices on March 23. Then McKesson Corp., one of its customers, called to say it had up to 75,747 filled with PPE products from Shanghai and Malaysia and needed them delivered. as quickly as possible. (You can see a video explaining the project at intekfreight-logistics.com.) InTek had trucks parked on the tarmac ready to unload equipment and distribute it to hot spots or distribution centers that supported PPE products. .
To boil : LaGore is optimistic about the future, in large part because of a simple equation: a lot of goods are not produced in the United States and consumers will consume. Thus, goods have to go from point A to point B. âAs the global economy becomes more and more complex, there are more complex solutions to get products from point A to point B and more. opportunities to solve more logistical problems, âhe said. â¢
Find out more about the IBJ ranking of Indy’s Fastest Growing Companies.