Eric - great letter as usual. As we (AscendTMS) were mentioned above, I just wanted to say that AscendTMS is seeing record accounts (over 47,089 companies and counting as I type), record revenues and record profits, even in the shadow of economic uncertainties. In fact, I wonder sometimes if our growth MAY be accelerating because of them.
Smaller carriers (<20 trucks) and smaller brokers (<$20m in sales) are pretty savvy folks, and they continue to evolve and adopt new technology, adopt new ways of business, and adopt new distribution trends.
Moreover, the winners that provide these "new" technologies and "new" models will be those with REAL customers, REAL revenues, REAL profits, and REALLY strong balance sheets. The former two show that the product or service is actually wanted & needed, and the latter two show they have legs & longevity in the marketplace. After all, profits bring ever-lasting life and longevity to all businesses.
As Buffet says...when the tide goes out we'll all see who was swimming with no shorts on 😉
Eric - great letter as usual. As we (AscendTMS) were mentioned above, I just wanted to say that AscendTMS is seeing record accounts (over 47,089 companies and counting as I type), record revenues and record profits, even in the shadow of economic uncertainties. In fact, I wonder sometimes if our growth MAY be accelerating because of them.
Smaller carriers (<20 trucks) and smaller brokers (<$20m in sales) are pretty savvy folks, and they continue to evolve and adopt new technology, adopt new ways of business, and adopt new distribution trends.
Moreover, the winners that provide these "new" technologies and "new" models will be those with REAL customers, REAL revenues, REAL profits, and REALLY strong balance sheets. The former two show that the product or service is actually wanted & needed, and the latter two show they have legs & longevity in the marketplace. After all, profits bring ever-lasting life and longevity to all businesses.
As Buffet says...when the tide goes out we'll all see who was swimming with no shorts on 😉
Eric - great letter as usual. As we (AscendTMS) were mentioned above, I just wanted to say that AscendTMS is seeing record accounts (over 47,089 companies and counting as I type), record revenues and record profits, even in the shadow of economic uncertainties. In fact, I wonder sometimes if our growth MAY be accelerating because of them.
Smaller carriers (<20 trucks) and smaller brokers (<$20m in sales) are pretty savvy folks, and they continue to evolve and adopt new technology, adopt new ways of business, and adopt new distribution trends.
Moreover, the winners that provide these "new" technologies and "new" models will be those with REAL customers, REAL revenues, REAL profits, and REALLY strong balance sheets. The former two show that the product or service is actually wanted & needed, and the latter two show they have legs & longevity in the marketplace. After all, profits bring ever-lasting life and longevity to all businesses.
As Buffet says...when the tide goes out we'll all see who was swimming with no shorts on 😉
Enjoy your vacation, Eric!
Tim Higham
CEO
AscendTMS (www.TheFreeTMS.com)
Hi Eric,
Thanks for your article - quite thought provoking.
Covid accelerated many trends around digitalization. With this downturn, we will now get to see which of these stand the test of time.
Cheers,
Nemil
Eric - great letter as usual. As we (AscendTMS) were mentioned above, I just wanted to say that AscendTMS is seeing record accounts (over 47,089 companies and counting as I type), record revenues and record profits, even in the shadow of economic uncertainties. In fact, I wonder sometimes if our growth MAY be accelerating because of them.
Smaller carriers (<20 trucks) and smaller brokers (<$20m in sales) are pretty savvy folks, and they continue to evolve and adopt new technology, adopt new ways of business, and adopt new distribution trends.
Moreover, the winners that provide these "new" technologies and "new" models will be those with REAL customers, REAL revenues, REAL profits, and REALLY strong balance sheets. The former two show that the product or service is actually wanted & needed, and the latter two show they have legs & longevity in the marketplace. After all, profits bring ever-lasting life and longevity to all businesses.
As Buffet says...when the tide goes out we'll all see who was swimming with no shorts on 😉
Enjoy your vacation, Eric!
Tim Higham
CEO
AscendTMS (www.TheFreeTMS.com)