NFI, a leading supply chain solutions provider, was recently recognized on the Inc. 5000 list of fastest growing private companies, ranking #4001. The companies included on the list were recognized in the August issue of the magazine and are ranked according to revenue growth from 2015 to 2018. NFI’s annual revenue has nearly doubled from 2015 to 2018, growing from $1.2 billion to more than $2 billion.
Founded in 1932, NFI is one of the oldest and largest privately-held 3PLs in North America. The company is headquartered in Camden, N.J. and employs more than 11,300 individuals across its 300 locations. With a personalized approach as a strategic business partner, NFI works with the largest companies from diverse industries, including food and beverage, retail, consumer packaged goods, and manufacturing.
“As a family-owned company, NFI takes great pride in its exponential growth over the past few years,” said Sid Brown, CEO of NFI. “In addition to strategic acquisitions, we have experienced tremendous growth organically through our service offerings. This growth can be attributed to our people, who are instrumental in providing an unparalleled level of service, as well as developing innovative, sustainable, and safe supply chain solutions. We look forward to many more years of growth in this exciting and dynamic industry.”
NFI has grown through acquisitions, with SCR Air Services being the most recent in 2018 to enhance its brokerage solutions and refrigerated intermodal capabilities. In late 2017, NFI acquired California Cartage Company, expanding NFI’s presence at major ports and enhancing its port drayage, transloading, deconsolidation, customs examination, and warehousing service offerings. NFI’s acquisition of Dominion Warehousing & Distribution in early 2017 strengthened its expertise in the food, beverage, consumer products, specialty chemicals, and appliance industries and advanced its Canadian footprint.
NFI has also continued to grow organically through its service offerings, expanding solutions with existing customers, as well as partnering with new customers. NFI continually creates innovative solutions, implementing equipment and technology to produce flexible and scalable solutions for our customers, as well as improve service to end consumers. Within its distribution space, NFI utilizes robotics and automation to create greater efficiencies, as well as enhance the employee experience. NFI also focuses on sustainability and has begun to operate electric trucks with industry-leading vehicle manufacturers in order to reduce its carbon footprint.
View the full Inc. 5000 list here.