Bellevue, WA – October 18, 2010 – Puget Sound Business Journal announced that Red Arrow Logistics ranked number 47 on the 100 Fastest-Growing Private Companies list at an awards event at Meydenbauer Center on Oct. 13. The event, which drew nearly 500 people, announced and honored all 100 companies on the list and revealed each company’s ranking. The 100 Fastest-Growing Private Companies are listed, with select companies profiled, in a special publication of the Business Journal released on Oct. 15.
"The companies that make this list are, by definition, among the most dynamic in our region," said Business Journal Publisher Emory Thomas Jr. "Especially this year, they have beaten the odds imposed by the Great Recession, making membership on this elite list all the more impressive. These companies are showing all of us what qualities it takes to grow in challenging times."
Since 2003, Red Arrow has provided logistics and transportation services and expertise to Fortune 100 companies and others with fast growing, complex and high value supply chains in the technology, food & beverage, consumer products, federal government, public works and renewable energy sectors, working in both the international and domestic arenas. Its primary services are in the areas of freight transportation, freight forwarding, warehousing and distribution services, and custom retail programs. Red Arrow has bucked the trend of acquisition and grown one customer at a time.
“We appreciate the recognition from the Puget Sound Business Journal and are happy to share this with our customers here in the Seattle region, as well as around the world,” said Liz Lasater, CEO of Red Arrow Logistics. “Our business growth has been a rocket ride, which I attribute to our strong customer-service focused team and our strategy to create solutions that are effective based on the unique needs of each client, their sector and the types of materials they need to move along the supply chain.”
“We look forward to seeing more women-owned businesses in the top tiers of the Puget Sound Business Journal rankings,” Lasater stated. “As for Red Arrow, we have our sights on meeting and exceeding our growth records into the next year and beyond.”
The Fastest-Growing Private Companies program was launched 16 years ago by the Puget Sound Business Journal to identify and recognize companies speeding to the top of their industries. To be eligible, companies must: be privately held and headquartered in Washington; have at least $500,000 in net revenue in 2007; show an overall growth from 2007 to 2009 fiscal years; and agree to have their CPA confirm their net operating revenues with Puget Sound Business Journal.
The 100 Fastest-Growing Private Companies program is presented by the Puget Sound Business Journal and sponsored by Chase, Lane Powell, Robert Half International, and Sound Mental Health.
About Red Arrow Logistics
Red Arrow Logistics provides logistics and transportation services and expertise to Fortune 100 companies and others with fast growing, complex and high value supply chains. The Company has deep experience in the technology, military, food & beverage, consumer products and renewable energy sectors, in the international and domestic arenas.
Red Arrow offers scale and the scope of services to meet the budget and schedule requirements of the largest and smallest companies alike, throughout the U.S., Canada, Asia and Europe.
A certified Woman-owned Small Business Enterprise (WBE/DBE), Red Arrow Logistics has been named by WPO as one of the 50 Fastest™ growing companies in North America, among the Top 10 Woman-Owned Companies in the state of Washington, and a Top 500 Small Business in America by Diversity Magazine. In 1997, Red Arrow achieved a 95% customer satisfaction rating from Open Ratings, a Dun and Bradstreet Subsidiary.