AFMS Logistics Management was ranked the 17th fastest growing private company in Oregon by the Portland Business Journal at the â€œ2009 Fastest Growing Private 100 Companiesâ€ annual awards ceremony held last night at the Portland Art Museum.
Mike Erickson, Founder and President of AFMS, was pleased to receive the top 20 ranking. He said the achievement is particularly rewarding in these tough economic times. AFMS, with 25 employees, was founded in 1992 in Ericksonâ€™s basement.
â€œThis is a great honor,â€ Erickson said. â€œDespite the tough economic environment over the past year, AFMS has continued to grow and help companies weather the storm. AFMS is in the business of saving companies money on their transportation and logistics costs. In these tough economic times, helping companies save money is the best business to be in.â€
This is the fourth consecutive year that AFMS has achieved the Top 100 status at the annual celebration.
AFMS posted revenues in 2008 of more than $22 million up from $9 million two years earlier, which represents an increase of more than 200 percent in growth. Some of AFMS Logistics Managementâ€™s recent clients include: Sony Corporation of America, Precision Castparts, REI, American Eagle Outfitters, Quiksilver, American Honda Corp., and more.
AFMS is the industry leader assisting companies negotiate competitive small parcel and heavy freight contracts. With more than 400 years of collective carrier management experience, AFMS Logistics Management has the knowledge and expertise to help companies reduce their logistics costs and bring profits to the bottom line. AFMS recently introduced to the market its â€œRADARâ€ invoice auditing technology, which allows its customers to electronically audit their invoices for billing mistakes and overcharges. For more information, please call (800) 246-3521 or visit: www.afms.com .