MegaCorp Logistics Named to 2018 NC Mid-Market Fast 40 List

MegaCorp Logistics has been named to Business North Carolina magazine’s 2018 N.C. Mid-Market Fast 40 List, which ranks mid-size companies based on revenue and employment growth. We were ranked 3rd, and the complete list will be released in a supplement to the November issue of Business North Carolina.

“We are thrilled to be named to Business North Carolina magazine’s 2018 NC Mid-Market Fast 40 List and recognized as a top-performing private company in our state,” said Ryan Legg, CEO. “This lists reaffirms our commitment to North Carolina and our community. We continue to have record-breaking weeks this year thanks to the dedication and superior service of our employees.”

The complete 2018 list can be viewed here.

About Grant Thornton North Carolina 100®
Business North Carolina magazine has explored what’s happening in one very special place – North Carolina – for more than 37 years, producing quality, in-depth journalism that digs into the stories behind the news. In addition to the monthly magazine, BNC publishes its annual North Carolina Economic Development Guide and partners on projects with various statewide organizations. For more information, visit BusinessNC.com.

 

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MegaCorp Logistics Expands to Jacksonville Beach, FL

Top 40 Transportation Brokerage Company, MegaCorp Logistics, has expanded to Jacksonville Beach, FL and is open for business as of October 4, 2018.

Sales Director and Office Manager Larry Shepherd stated,

“Being in the transportation brokerage industry for the past 12 years has allowed me to work in many different locations and I am thrilled to be a part of the lively, welcoming and diverse community of Jacksonville Beach. The Metropolitan

Building, where the new MegaCorp office is located, overlooks the Atlantic Ocean and is in the heart of Jax Beach with terrific proximity to the best dining, breweries, and shopping. We plan to hire the best talent Jacksonville has to offer and look forward to being a part of the growing Jacksonville Beach community. #MegaJax”

“MegaCorp works with a lot of clients/strategic partners in Florida and we’re looking forward to establishing more roots in the Jacksonville Beach area. We are very excited to be in such a vibrant and growing community,” stated the CEO of MegaCorp, Ryan Legg.

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, specializes in full and less-than-truckload shipments (dry van, refrigerated, flatbed, intermodal, etc) throughout North America. MegaCorp is committed to creating long-term, strategic partnerships with their customers who range from Fortune 500 companies to regional manufacturers and distributors. MegaCorp serves all business sectors of the US economy including (but not limited to) food, retail, government, textiles, and metals/building materials. MegaCorp strives to offer the best to their clients, transportation partners and employees – It’s The Mega Way!

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Photos by RE/MAX.

MegaCorp Logistics Named to 2018 Grant Thornton North Carolina 100®

MegaCorp Logistics has been named to the 2018 Grant Thornton North Carolina 100® (NC100), which ranks the state’s largest private companies by revenue.

“We are thrilled to be named to the 2018 Grant Thornton North Carolina 100® list and recognized as a top-performing private company in our state,” said Ryan Legg, CEO. “This lists reaffirms our commitment to North Carolina and our community. We continue to have record breaking weeks this year thanks to the dedication and superior service of our employees, so this award goes to the amazing staff here at MegaCorp Logistics.”

Since 1984, the NC100 has ranked the state’s largest private companies by revenue in the most recent fiscal year, based on data provided by the participants. MegaCorp was ranked 49th this year, and the complete 2018 list can be viewed here.

About Grant Thornton North Carolina 100®

Since 1984, the Grant Thornton North Carolina 100® has ranked the state’s largest private companies by revenue in the most recent fiscal year, based on data provided by the participants. The NC100 is a voluntary list restricted to companies based in North Carolina that do not have publicly traded stock. Companies owned by private equity are permitted. Nonprofits, financial-services companies, health care providers such as hospitals and subsidiaries of corporations are excluded.

 

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MegaCorp Donates $20,000 for Florence Victims

MegaCorp Logistics, headquartered in Wilmington, NC, donated $20,000 to the #CapeFearStrong Fund via the WECT Red Cross Telethon to help support the victims of Hurricane Florence.

Katie Braskett, Director of Marketing at MegaCorp stated that, “We are so grateful to be able to help out our amazing community during such a trying time.” She went on to say “Many of our employees were directly affected by the storm, and it’s hard to see our city and MegaFamily going through these trying times.  We’re so thankful to our CEO, Ryan Legg, for allowing MegaCorp to make a generous donation.”

Reports are stating that the monetary damage from Florence is upwards of $22 billion.  This includes $1.1 billion worth of damage to North Carolina crops and livestock.  Not only do some people lose their homes, some also temporarily lose their incomes.  It is so important to give back if you can – every little bit helps.

Employee submitted pictures from the Florence are in the gallery.

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, is headquartered in Wilmington, NC with offices in Elkins, WV; Cincinnati, OH; and expanding to Jacksonville, FL.  MegaCorp specializes in full and less-than-truckload shipments (dry van, refrigerated, flatbed, intermodal, etc.) throughout North America. MegaCorp is committed to creating long-term, strategic partnerships with their customers who range from Fortune 500 companies to regional manufacturers and distributors. MegaCorp serves all business sectors of the US economy including (but not limited to) food, retail, government, textiles and metals/building materials. MegaCorp strives to offer the best to their clients, transportation partners and employees – It’s The Mega Way!

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MegaCorp Logistics Named to Food Logistics’ 2018 Top 3PL & Cold Storage Providers List

Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named MegaCorp Logistics to its 2018 Top 3PL & Cold Storage Providers list.

The Top 3PL & Cold Storage Providers list serves as a resource guide of third-party logistics and cold storage providers whose products and services are critical for companies in the global food and beverage supply chain.

“Leading 3PLs and cold storage providers that support the global food supply chain are increasingly tasked with providing more value for their customers while simultaneously controlling costs,” notes Lara L. Sowinski, editorial director, Food Logistics and Supply & Demand Chain Executive. “Companies that earned a place on Food Logistics’ 2018 Top 3PL & Cold Storage Providers list demonstrate their ability to meet the current marketplace demands with the latest innovations and technology combined with customer care and collaboration.”

Truck on highway

MegaCorp Logistics, founded by Ryan and Denise Legg in 2009, specializes in full truckload shipments and less-than-truckload shipments throughout the US, Canada and Mexico. MegaCorp is committed to creating long-term, strategic partnerships with our clients who range from Fortune 100 companies to smaller, regional manufactures and distributors. We specialize in food logistics and serve all sectors the food industry including but not limited to, fresh and frozen foods, poultry/meat/seafood, dairy, produce, retail/grocery, restaurants, wholesale, distributors, manufacturers and cold storages/warehouses.   We strive to offer the best to our clients, transportation partners and employees– It’s The Mega Way!

 

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MegaCorp Named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies

For the 3rd Time, MegaCorp Logistics Appears on the 37th Annual Inc. 5000 List of America’s Fastest-Growing Private Companies

Inc. magazine revealed that MegaCorp Logistics has again made its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Ryan Legg, Founder and CEO of MegaCorp Logistics said, “We are honored to be named as one of Inc. Magazine’s Top 5000 Fastest Growing Companies for the third time. Here at MegaCorp we pride ourselves on providing only the very best for our employees, and our rapid growth is a direct reflection of their hard work and dedication.”

Not only have the companies on the 2018 Inc. 5000 (which are listed online here) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, specializes in full truckload shipments (dry van, refrigerated, flat bed, intermodal, etc.) and less-than-truckload shipments throughout the US, Canada and Mexico. MegaCorp is committed to creating long-term, strategic partnerships with our customers who range from Fortune 100 companies to smaller, regional manufactures and distributors. We serve all business sectors of the US economy including (but not limited to) food, retail, government, textiles and metals/building materials. We strive to offer the best to our clients, transportation partners and employees– It’s the Mega Way!

 

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Truck Market Analysis: Q2 2018

The main factors affecting the truck market in the second quarter are the Road Check, ELD Mandate, produce season and driver shortages. Additionally, rising fuel prices and the increasing load-to-truck ratio will have a heavy impact on the market in the summer months of 2018.

Nationwide Road Check June 5th-7th

The Commercial Vehicle Safety Alliance’s (CVSA) International Roadcheck is June 5-7, 2018. Over that 72-hour period, commercial motor vehicle inspectors throughout North America conduct inspections of commercial motor vehicles and drivers. During Roadcheck 2017, more than 14 trucks or buses were inspected, on average, during every minute of the 72-hour event. That’s over 840 inspections per hour.

“The top reason drivers were placed out of service during 2017 International Roadcheck was for hours-of-service violations,” said CVSA President Capt. Christopher Turner of the Kansas Highway Patrol. “Thirty-two percent of drivers who were placed out of service during last year’s three-day International Roadcheck were removed from our roadways due to violations related to hours-of-service regulations. It’s definitely an area we need to call attention to this year”(Source: J. J. Keller & Associates, Inc).

“Although the Electronic Logging Device (ELD) rule that went into effect on Dec. 18, 2017, does not change any of the underlying hours-of-service rules or exceptions, the ELD mandate placed a spotlight on hours-of-service compliance,” said Capt. Turner. “We thought this year would be a perfect opportunity to focus on the importance of the hours-of-service regulations. This is why the emphasis area at this year’s Roadcheck is hours of service. Officers will be downloading drivers’ electronic logs, when possible, and checking for compliance.

If a minor violation is discovered, the carrier is given 15 days to complete the repairs and to sign and return the report. If the driver’s violation is serious enough, they can immediately be placed out of service for up to 10 hours. If the vehicle is placed out of service (instead of or in addition to the driver), the vehicle must either be repaired where it is or towed directly to a repair facility before being able to move.

Trucks will be tight and expensive the week of the roadcheck, as some carriers decide to pull their trucks off the road to avoid inspection. This puts a larger strain on the market, contributing to inflated rates due to supply-in-demand.

Market Trends

Despite the tame monthly results in March, trucking inflation remains elevated. Year-over-year growth in long distance truckload prices pushed to a fresh six-year high of 6.8% in March. Yearly inflation in the LTL space also climbed during the month, remaining near 8% in March (Source: Freightwaves.com).

Details from the Producer Price Index (PPI) report from the Census Bureau suggest that other modes of transportation are seeing rising rates. Intermodal rail freight rates have climbed rapidly. PPI data for intermodal rail has surged over the past couple of months and climbed a whopping 4.5% in March from February’s levels. Intermodal prices are now over 13% higher than at this point last year, a sign that some of the pricing pressure from the trucking industry might be spilling out into other modes of transportation (Source: Freightwaves.com).

Fuel prices continue to rise and there is no telling when they will stop. At this time, prices are 22% higher than they were last year; an increase of $.70 over last year. Prices are expected to climb until they hit $3.50 by the end of the year (Truckstop.com).

There are about 6.6 loads for every available truck trailer, according to DAT Solutions, which tracks freight and rates. According to Trucks.com, a year ago there were 3.5 loads per every van. The larger imbalance this year gives truckers and motor carriers the ability to negotiate higher fuel surcharges and rates to cover rising expenses. Motor carriers charged customers a fuel surcharge of $0.31 per mile last month, up from $0.24 a year earlier. Meanwhile, according to DAT, the spot trucking rates for a standard trailer have risen 29% to $1.85 per mile from a year ago.

National Flatbed Demand & Capacity

ELD Mandate

The ELD mandate was expected to reduce driver productivity anywhere from 3-10% (source: FSA) because drivers need to stay within the hours-of-service (HOS) limits. A run that previously could have been squeezed into one day now may take two days, which will translate into additional costs and delays for shippers.

DAT Solutions recently conducted a survey, and of the carriers currently running ELDs, more than 70% reported that they are earning less money now than they were prior to implementation. Correspondingly, 87% of respondents indicated that the ELD mandate changed the way they choose loads. This is because they are restricted to driving fewer miles since installing ELDs.

On a positive note, according to FreightWaves.com, “Implementation of ELDs are expected to save 26 lives, prevent 562 injuries and deliver more than $1B in savings each year through reduction of crash related costs, driver’s safety, efficiency and paperwork.”

How Can Shippers/Receivers Help?

  • If possible, have a space reserved for trucks to park when they run out of hours. Truck parking has already become an issue and will only continue to get worse.
  • Know the closest safe place for trucks to park (Wal-mart, Sam’s Club, rest area, etc).
  • Expand shipping and receiving times.
  • Load and unload as efficiently as possible.
  • Review and update your detention and/or layover policies.

Produce Season

The produce season started off strong in the Southeast fruit markets due to the warm, dry conditions, but that changed quickly with the unseasonably early tropical depression. The heavy rains in the Southeast have delayed harvesting. Capacity will be extremely tight in Georgia, the Florida Panhandle, Alabama, Mississippi, South Carolina and Eastern North Carolina as soon as they are allowed to harvest after the area dries out.

Due to the amount of produce coming out of Texas, in addition to the year-round freight out of that area, Texas is experiencing high truck rates and tight capacity.

Cotton out of Arkansas will be ready for harvest in late June adding strain to that area.

Arizona truck rates have been expensive due to tight carrier capacity throughout produce season this spring. With Arizona currently winding down, we should see a full transition to the California produce season after July 4th.

Similar to Arizona, California is experiencing a strong growing season state-wide and the outbound trucks outnumber the inbound trucks creating a spike in shipping costs. Adding more strain to the market, apples and cherries will be ready to harvest soon out of Northern California, Oregon and Washington because the temperatures have been above normal, speeding up their harvesting season. Therefore, the Pacific Northwest will see an influx of trucks and an increase in pricing.

How can shippers help? Give as much notice as possible to your logistics provider about upcoming shipments. This will allow your provider to secure truck capacity and should lower freight charges.

Driver Shortage

According to the Food Shippers of America (FSA), the labor Market added more than 313,000 jobs in February 2018 which is the strongest gain since July 2016. While that’s good news for job seekers, it’s not good for the trucking industry because drivers are leaving the road for better-paying opportunities and more desirable hours.

Some of the factors that are contributing to the truck driver shortage include: “Competition within the industry and from other industries; driver qualifications and requirements; workforce demographics; regulations that tighten capacity; and difficulty attracting young people to the industry since one cannot acquire a commercial driver’s license (CDL) until age 21” (DC Velocity). Currently the driver shortage is estimated at around 50,000 drivers, and could skyrocket to 898,000 drivers in the next decade if consumer confidence and economy continue to grow at their current pace (Source: ATA).

 

MegaCorp’s Observations

We have seen carrier pricing stabilize in March and April. However, due to the upcoming summer months/produce season, we are already experiencing a tighter truck market. We expect the market to continue to tighten through the summer months.

MegaCorp’s focus this summer is to continue building strong carrier relationships by reloading our primary carrier base. This will enable us to keep our customers’ freight rates below the national average. By reloading our primary carriers, not only will we provide exceptional service, but we will be able to offer our clients truck capacity in tight regions throughout North America.

 

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Charitable Donation of Two Automobiles

MegaCorp Logistics CEO Donates Two Vehicles

MegaCorp founder and CEO Ryan Legg recently donated two vehicles to charitable causes on behalf of MegaCorp Logistics. This past Christmas MegaCorp adopted a family, and during this process, Legg learned they were in need of a vehicle. To their surprise, Legg presented the much-needed vehicle to them this spring.

A woman sitting in the drivers' seat of a red car. She is smiling and extending her arms in joy.

The recipient of the vehicle, Cherie J., said she was “Happy she could pick up her children from school and see out-of-state family.” She went on to state how thankful she was for Ryan, MegaCorp, and this “life-changing gift.”

Legg and MegaCorp also donated an Escalade SUV to Women’s Aid in Crisis (WAIC) in Elkins, WV, where MegaCorp has a satellite office. According to The Inter-Mountain publication, “WAIC Director J. Leigh Palmer said the organization greatly appreciates the donation of a sport utility vehicle, noting it will assist in providing service for their clients and give them greater opportunity to become independent.”

An off-white Cadillac Escalade SUV.Ryan Legg appreciates the opportunity to give back to those in need. Legg said, “An important part of MegaCorp’s culture is to give back to the community, and I am always thrilled whenever we are able to do so.”

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, specializes in full and less-than-truckload shipments (dry van, refrigerated, flatbed, intermodal, air, etc) throughout North America. MegaCorp is committed to creating long-term, strategic partnerships with their customers who range from Fortune 500 companies to regional manufacturers and distributors. MegaCorp serves all business sectors of the US economy including (but not limited to) food, retail, government, textiles and metals/building materials. MegaCorp strives to offer the best to their clients, transportation partners and employees – It’s the Mega Way!  For a quote, please CLICK HERE.

Brian Harman Visits MegaCorp’s Headquarters

Brian Harman and MegaCorp Logistics

Ryan showing an intrigued Brian around MegaCorp headquarters.

PGA Tour Professional, Brian Harman, stopped by MegaCorp’s headquarters earlier this week to meet our staff and to learn more about our day to day operations.  He was an absolute pleasure and very personable.  Harman had great questions about our industry and was very engaging.

Harman met our CEO, Ryan Legg, this fall at a First Tee charity event at Eagle Point Golf Club in Wilmington, NC.  The two instantly and organically hit it off and have become friends and business partners.

Bob Bonner, wearing a headset and has camera on a tripod in front of him. Brian is seated across from him, deep in thought during the interview.

Bob Bonner, from the NBC affiliate (WECT) in Wilmington, NC, interviewed both Ryan and Brian about how their relationship developed.  We are appreciative of this great video (below) that Bonner put together for the news.   After the office visit and interview, Harman went on to play a round of golf with Legg and some staff members.  They played at Eagle Point Golf Club where he won the Wells Fargo Championship last year before heading over to Charlotte to get ready for the Championship this weekend. It was a great day and we wish Brian Harman the best!

 

Direct link to Bob Bonner’s Youtube page: www.youtube.com/watch?v=FRcWZ22Pur4&feature=youtu.be

Brian posing with multiple smiling members of the MegaFamily on a golf course. Baskets full of golf balls lining the green grass. A few men are hitting the golf balls and looking into the distance. Brian Harman smiling and holding a golf club while talking to another man on the golf course. Six men, carrying golf clubs while walking by a golf course pond. Five men walking across a golf course, clubs in hand. Brian Harman, smiling and wearing his MegaCorp hat, engages in conversation with two men on the golf course.

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, specializes in full and less-than-truckload shipments (dry van, refrigerated, flatbed, intermodal, air, etc) throughout North America. MegaCorp is committed to creating long-term, strategic partnerships with their customers who range from Fortune 500 companies to regional manufacturers and distributors. MegaCorp serves all business sectors of the US economy including (but not limited to) food, retail, government, textiles, and metals/building materials.   MegaCorp strives to offer the best to their clients, transportation partners and employees – It’s The Mega Way!

For a quote, please CLICK HERE.

 

 

MegaCorp Logistics Named as a Top 40 Freight Brokerage Company

Transport Topics Top Freight Brokerage Firms 2018. MegaCorp Logistics named as a Top 40 Freight Brokerage Company in the US.

MegaCorp Logistics  NAMED AS A
TOP 40 FREIGHT BROKERAGE FIRM

MegaCorp Logistics, headquartered in Wilmington, NC, with offices in throughout the country, was named as a Top 40 Freight Brokerage Firm (third party logistics provider) in the US by Transport Topics. The publication is the highly regarded, news leader in freight transportation and has been for the last 80 years.

A red brick building with the MegaCorp logo. To the side of the building is a beautiful garden of yellow, orange, violet and red flowers.

Ryan Legg, Founder and CEO of MegaCorp Logistics said, “We are grateful to be named as one of the top Freight Brokerage Firms in the US.  This award is a reflection of my employees, valued customers, and our reliable carrier partners that make up our extended ‘MegaFamily.’ The team at MegaCorp really goes above and beyond on a daily basis.  The value they bring to the table is exceptional.”  Legg continued on to praise his employees, carrier partners, clients, and also stated, “Our superior 24/7 customer service and proprietary technology makes working with MegaCorp easy and stress-free for our clients.”

MegaCorp Logistics, founded by Denise and Ryan Legg in 2009, specializes in full and less-than-truckload shipments (dry van, refrigerated, flatbed, intermodal, air, etc) throughout North America. MegaCorp is committed to creating long-term, strategic partnerships with their customers who range from Fortune 500 companies to regional manufacturers and distributors. MegaCorp serves all business sectors of the US economy including (but not limited to) food, retail, government, textiles, and metals/building materials.   MegaCorp strives to offer the best to their clients, transportation partners and employees – It’s the Mega Way!

For a quote, please CLICK HERE.