Montway's 162% three-year revenue growth earned the company's spot on the list for the fourth time.  -  Photo: Montway Auto Transport

Montway's 162% three-year revenue growth earned the company's spot on the list for the fourth time.

Photo: Montway Auto Transport

Third-party logistics brokerage Montway Auto Transport listed as No. 3,263 on the 2022 Inc. 5000 list, ranking as one of the nation’s fastest-growing private companies, the company announced May 17.

The annual list ranks companies by overall revenue over a three-year period. This is the company’s second consecutive year — and fourth overall appearance on the list.

“Montway has doubled in size over a two-year period, which we attribute to our dedicated team and carrier-partner network continuing to put service first to ensure our customers’ transportation needs are met with best-in-class service,” said Dimitre Kirilov, president of consumer services of Montway Auto Transport, in a news release. “We’re honored Inc. recognized us with the prestigious award and we congratulate the other companies named on the list.”

Montway has about 400 employees and shipped about 200,000 vehicles in 2021. The company achieved 162% three-year revenue growth to earn its ranking on this year’s list.

The companies on the 2022 Inc. 5000 have demonstrated resilience amid supply chain woes, labor shortages, and the ongoing effects of Covid-19. Companies are ranked according to percentage revenue growth from 2018 to 2021. Earlier this year, the company restructured its Business Solutions Group, which allows its leadership team to better serve specific customer segments and position the company to grow. 

“Keeping service at the core of everything we do is a fundamental part of our success and growth,” said Kaye Ceille, president of the business solutions group of Montway Auto Transport. “Montway has developed proprietary solutions to help companies in automotive and corporate relocation improve efficiency, increase transparency and quickly respond to changes in the market.” 

In February 2021, the company launched its vehicle home delivery service, a lead generation and transportation solution for dealerships. Montway also recently launched the Montway Automation Portal (M.A.P.), a digital platform that improves efficiency for both shippers and carriers, enabling visibility of inbound and outbound vehicles for better inventory management among other benefits. 

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” said Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work and rising to the challenges of today.” 

Montway serves clients in the auto dealership, moving and relocation, auto auction, rental car, fleet management, finance, and OEM industries. The company, founded in 2007, recently celebrated its 15th anniversary.

Complete results of the Inc. 5000, including company profiles, can be found at www.inc.com/inc5000.

Originally posted on Automotive Fleet

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