2018 quickly came to a close and we are reflecting on the last year of business, anticipating what is to come in 2019. Let’s take a look back at all that Velocity Transport accomplished last year and celebrate our successes!
December 2018 marked the anniversary of Velocity’s first dollar earned. We moved our first two loads one year ago. Velocity’s headquarters in Plano, Texas was still a work in progress. The building didn’t yet have furniture or our name on the front! Our team was a skeleton crew – only two or three employees in the office as we prepared for our first hiring class’ arrival on January 8th. We have come a long way since then and have a lot to be proud of!
Let’s take a look at some of our accomplishments:
- We grew from 0 to 30 employees – 3500 applications, 500 phone screens, 95 interviews.
- 11.5 days – average days to pay carriers.
- 99.5% accuracy in customer invoices.
- 203% revenue growth.
- 268% volume growth.
Velocity provides freight brokerage to shippers and carries through superior service, efficient, common sense business practices, and high-caliber associates. These values allowed us to serve over 130 customers in less than 12 months. This is impressive considering our sales force numbered between six and eight for most of the year. The quick growth of our business allowed us to assemble a larger, more diverse sales team. This increased opportunity for our team members and Velocity Transport as a whole. We believe a lot of our success has to do with our strong adherence to our core values:
Integrity First – We developed a reputation with shippers as broker of choice who could be trusted to provide capacity at fair market rates, who does the right thing regardless of circumstance.
Professional Excellence – Velocity has taken on challenging, service sensitive loads in a difficult market. Food shippers know they can count on us to do what we say we are going to do and deliver on time.
Relentless Service – We have separated ourselves from our competitors through obsessive communication. Finding solutions for challenging freight situations where others failed. To us, service also means giving back and humbling yourself. Velocity is proud to have supported The United Way, North Texas Food Bank, Ministry Under the Bridge and the Salvation Army in 2018 with our time, talents and money.
Financial Accountability – Our entrepreneurial team members continue to deliver results for themselves, the company, and our investors. Our industry leading training program, credit management, operating systems and commission plans ensure that our sales reps are doing what they’re best at: generating value for clients and themselves every single day.
Velocity plans to make 2019 an even bigger and better year than 2018! We will continue to invest in our business and team member growth. Now at 30 total employees, we will more than double our sales force this year. If the successes of year one are any indication, we cannot wait to see what year two brings. Part of the Velocity team? Reach out to us on social to let us know some of your favorite moments from 2018. Interested in working with a first-class freight brokerage company? Contact Velocity Transport today for a quote.