NEW YORK, February 19, 2020 – Inc. Magazine today revealed that Onfleet is No. 61 on its inaugural Inc. 5000 Series: California List, a ranking of the fastest-growing California-based private companies. This regional list represents a unique look at the most successful companies within the California economy’s most dynamic segment—its independent small businesses.
Additionally, Onfleet ranked 2nd as the fastest growing company within the Logistics and Transportation sector.
“The growth we've enjoyed is a testament to not only the amazing work of our team, but the incredible companies we work with. The velocity within the last-mile space is really exciting,” says Khaled Naim, Onfleet, CEO.
Between 2016 and 2018, these 250 private companies had an average growth rate of 422 percent and, in 2018 alone, they employed more than 49,000 people and added $5.6 billion to the California economy. Companies based in the largest metro areas—Los Angeles, the Bay Area, and San Diego—brought in the highest revenue overall.
Complete results of the Inc. 5000 Series: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-california-2020.
“The companies on this list demonstrate just how much the small-business sector impacts California’s economy,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”