McLeod Reports 65% Sales Growth in 2014
The provider of transportation management software said it was the fifth straight year in which its year-over-year revenue growth exceeded 20%.
CEO Tom McLeod said transportation companies are investing in McLeod’s software at “unprecedented levels” as the improving economy and tight freight capacity combine to create opportunities.
“Transportation companies are broadening their service offerings to gain and retain market share,” he said in the Jan. 22 report. “The shippers want to deal with companies that are expertly managed and that are as sophisticated at handling information as they are at handling the freight.”
At the same time, many transportation companies are looking for ways to turn “big data” into “big insight” to help workers make better decisions, McLeod said.
He also cited an “imperative” need for trucking companies to increase driver retention and development as the driver shortage worsens. McLeod’s platform offers tools to help customers contend with the driver issue, he said.
The company noted that its sales growth was organic, not due to acquisition.
McLeod, based in Birmingham, Alabama, said it now has 350 full-time employees.
