2023 in Review: A Message from FGN’s President, Rob Parrish
This is the second year in a row that FGN has performed without incident. In all, our team has overseen 32 consecutive incident free months. Congratulations to the operations team at FGN, as well as the hundreds of individuals across our domestic and international networks who handle our shipments on a daily basis.
Also during 2023 FGN continued to produce the steady and consistent growth we have experienced over our almost twelve years in business. Revenues increased more than twenty percent year-over-year and operating profit was up nearly forty percent. We thank our customers for their loyalty and support, and our employees for their dedication to excellence in customer service.
The company’s 2023 strategic goal to increase the growth of our ISO tank logistics services was a notable success. Our innovative approach to the ISO management process lowered costs and increased our customers’ control over their ISO fleets. As such, they rewarded us with additional business and today ISO traffic now accounts for a large percentage of the shipments we manage.
Our 2024 strategic initiatives center around technology and international development. Presently we are rolling out a state-of-the-art Transportation Management platform that features artificial intelligence capabilities. We expect it to significantly increase productivity and facilitate connectivity with our customers’ systems. And soon we will be announcing the formation of a branded international network that will allow us to compete more effectively on a global basis.
FGN continues to grow and develop for the benefit of our customers, employees, and shareholders. We will work to meet our strategic and financial goals again this year and expect 2024 to be a banner year for our company.
Thank you to our customers, vendors, and employees for making 2023 another successful year for FGN Global Logistics!