BM2’s President Lands Spot on WIT’s Top Women to Watch List

COVINGTON, Ky – One of BM2 Freight’s very own landed on the Women in Trucking’s 2023 Top Women to Watch list this past week.

President and logistics-industry extraordinaire, Sarah Newman, was announced as one of the industry leaders featured on the list.

“Knowing that I have an opportunity to influence or impact other women in our industry is a responsibility and an honor that I take very seriously,” she says.

Being in the industry for over 20 years is a huge milestone in and of itself for the Covington-based 3PL President.

“Being a woman in this industry isn’t easy, I have had to work harder to learn, to be seen, and prove myself as an asset,” says Newman.

For women in a heavily male-dominated field like logistics, recognition can often be overlooked.

“It has been inspiring to be a part of a team that is always striving to be great both within the industry and for our employees, a team that listens and values the voices of all our employees, and a team that recognizes and rewards those that are dedicated to our vision,” says Newman.

At BM2 Freight, we prioritize having a workplace where all voices are heard, and all sides are represented. Our teams are created with different viewpoints and thought processes in mind to continue building a strong company.

“The experience and opportunities that I have gained working for BM2 Freight has been the most humbling and rewarding over any other company that I have worked for,” she adds.

An organization like Women in Trucking honoring a person like Sarah is a huge accomplishment! The organization strives to promote females in the logistics industry coming together to represent all facets of their organizations and shine a light on their successes.

Check out the complete list of winners here: Top Women to Watch in Transportation (womenintrucking.org)

Questions?

Contact Lori Rinehart

Marketing Manager, BM2 Freight Services

lrinehart@bm2freight.com

BM2 Freight Services Inc. to Create 56 Full-Time Jobs, Invest $2.3 Million to Expand Covington Operation

Company currently employs 98 Kentuckians at Covington location

FRANKFORT, Ky. (Sept. 29, 2022) – Today, Gov. Andy Beshear announced further momentum of the state’s distribution and logistics sector as BM2 Freight Services Inc. will expand in Covington with a $2.3 million investment creating 56 quality jobs.

“Our distribution and logistics sector is seeing unbelievable growth,” said Gov. Beshear. “It is no surprise that given Kentucky’s unique location and resources, companies continue to choose the commonwealth to meet their demands and growing consumer-base. I am thrilled that BM2 Freight Services will expand their operations here in Kentucky and want to thank their leadership for believing in what this great state has to offer. I am looking forward to their continued success.”

The company currently leases the entire 5th floor in Tower One of the Rivercenter Building in Covington. The project will see the company expand their current footprint by leasing another half-floor in the same tower, increasing their operational space by almost 8,000 square feet for a total of over 24,000 square feet. The project will include demolition and construction on the new floor to allow room for 56 new employees, mainly logistics account manager positions, which would bring the total number of Kentuckians employed by the company to 154.

“BM2 is pursuing aggressive growth goals by providing strategic transportation solutions and services to our customers in North America,” said BM2 President Sarah Newman. “Our priorities are service, communication and integrity. We’re thrilled to be expanding our headquarters and adding new jobs in Covington. We appreciate the support we have received from Kentucky, the City of Covington and Northern Kentucky Tri-ED.”

Founded in 2008, BM2 Freight Services is a family-owned and operated third-party logistics company that provides strategic transportation services to customers throughout North America by connecting them with a network of over 30,000 dependable carriers. The company has been a finalist for the Cincinnati Business Courier’s Fast 55 award, identifying the fastest-growing privately held companies within the 15-county region of Greater Cincinnati that have seen the highest percentage of revenue growth, for four consecutive years. Today, the company employs 130 individuals throughout their three locations in Illinois, Tennessee and Covington.

BM2’s growth builds on the state’s strength in distribution and logistics, an industry that has announced more than 6,300 full-time jobs for Kentucky residents during the administration behind $1.3 billion in new investment.

Kenton County Judge/Executive Kris Knochelmann noted that BM2 has been recognized on several regional and national lists for its success.

“It’s fantastic to see a highly successful, locally founded company expand and create new jobs in Northern Kentucky,” said Judge Knochelmann. “BM2 has been named to the Cincinnati Business Courier’s Fast 55 list and the Inc. 5000 list multiple times. Congratulations to the company’s leaders on their growth.”

Covington Mayor Joe Meyer is excited for the opportunities this partnership will bring to the community.

“Covington is committed to helping its businesses thrive and grow,” said Mayor Meyer. “We’re proud to partner with the Commonwealth and BM2 to not only help this vibrant, family-owned company expand but also create more jobs for our residents and accelerate the stunning momentum of our local economy. The City’s support of its businesses doesn’t end with a ribbon-cutting – it continues as long as they need us. We congratulate BM2 on its continued success.”

Northern Kentucky Tri-ED CEO Lee Crume recognized that BM2 is a significant contributor to the supply chain management sector in Northern Kentucky.

“Given our proximity to more than half of the consumers in the United States within a day’s drive, and the number of manufacturers we have in the Cincinnati region, logistics management is a high-growth industry,” said Crume. “We applaud BM2’s decision to expand in Covington and add new, high-paying jobs in Northern Kentucky.”

BM2 Freight Services investment and planned job creation furthers recent economic momentum in the commonwealth, as the state builds back stronger from the effects of the pandemic.

In 2021, the commonwealth shattered every economic development record in the books. Private-sector new-location and expansion announcements included a record $11.2 billion in total planned investment and commitments to create a record 18,000-plus full-time jobs across the coming years. Kentucky’s average incentivized hourly wage for projects statewide in 2021 was $24 before benefits, a 9.4% increase over the previous year.

In the past year, the Beshear administration announced the two largest economic development projects in state history. In September 2021, Gov. Beshear and leaders from Ford Motor Co. and SK Innovation celebrated a transformative $5.8 billion investment that will create 5,000 jobs in Hardin County. And in April of this year, the Governor was joined by leadership at Envision AESC to announce a $2 billion investment that will create 2,000 jobs in Warren County. These announcements solidify Kentucky as the EV battery production capital of the United States.

The economic momentum has carried strongly into 2022, with both S&P Global Ratings and Fitch Ratings upgrading Kentucky’s financial outlook to positive in recognition of the commonwealth’s surging economy.

And Site Selection magazine placed Kentucky at 6th in its annual Prosperity Cup rankings for 2022, which recognizes state-level economic success based on capital investments.

Kentucky has posted record low unemployment rates for four consecutive months, falling from 3.9% in April to 3.8% in May and 3.7% in June and July.

In July, the Governor reported the highest annual growth rate in 31 years. And for the second year in a row, Kentucky’s General Fund budget surplus has exceeded $1 billion. Also in July, Gov. Beshear reported that the state’s Rainy Day fund is up to a record balance of $2.7 billion, significantly higher than the $129 million balance the fund had when the Governor took office.

In September, Kentucky reported August 2022 General Fund receipts hit an unprecedented high for any August on record, marking 21 straight months of growing revenues for the state.

To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $600,000 in tax incentives based on the company’s investment of nearly $2.3 million and annual targets of:

  • Creation and maintenance of 56 Kentucky-resident, full-time jobs across 10 years; and
  • Paying an average hourly wage of $28.61 including benefits across those jobs.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

In addition, BM2 Freight Services can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

For more information on BM2 Freight Services. visit bm2freight.com.

A detailed community profile for Kenton County can be viewed here.

Information on Kentucky’s economic development efforts and programs is available at CED.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.

Read about other key updates, actions and information from Gov. Beshear and his administration at governor.ky.govkycovid19.ky.gov and the Governor’s official social media accounts FacebookTwitter and YouTube.

 

 

*Original article written by Northern Kentucky Tri-ED Economic Development and is published here.

BM2 Freight Services, Inc. expands Chicago branch

BM2 Freight Services, Inc. adds on to its Chicago branch in hopes of adding over 30 full-time employees in the years to come.

COVINGTON, KY – BM2 Freight Services, Inc. has expanded its Rosemont location, bringing more opportunity to the Chicago area.

“We have identified a larger facility for current employees and future team members to accommodate a fast-growing team.”

— Pete Katai

The new office space will allow the Kentucky-based 3PL to add over 35 additional employees over the next few years. BM2 Freight’s Chicago office was opened in May of 2018 and is the company’s first satellite location.

When looking ahead, the Chicago office plans to double its office size by hiring 15 additional team members in the upcoming year – landing BM2 Chicago at nearly 50 employees to accompany it’s 130-person location headquartered in Covington, Kentucky.

“Our Chicago team has grown exponentially because we have been able to recruit leadership and top sales and carrier-sales talent from the area,” says Peter Katai, Executive Vice President of Sales at BM2 Freight.

With the addition of new office space, the company is looking to find dedicated salespeople to fill the new office chairs. If you are interested in joining the BM2 team, please visit our careers page and submit an application!

ABOUT BM2 FREIGHT: Family-owned and operated since 2008, BM2 Freight is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers.

CONTACT:

Lori Rinehart
Marketing Manager
lrinehart@bm2freight.com

BM2 Freight Services Inc., Ranks No. 2465 On The 2022 Inc. 5000 Annual List

COVINGTON, KY, August 16, 2022 – Today, Inc. revealed that BM2 Freight is No.2465 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“This is the 4th year in a row BM2 has made the list and we could not be prouder of our team for their continued growth.  It’s a huge honor to make the list among all the other astute companies.  When looking ahead we hope to continue our growth while maintaining our culture,” said Principal, Jeff Mason.

“The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144percent. Together, those companies added more than 68,394jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found atwww.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc.“Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.  The top 500 companies in the Inc. 5000 are featured in Inc. magazine’s September issue.  The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About BM2 Freight: Family-owned and operated since 2008, BM2 Freight is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers.  Service.  Communication.  Integrity.  It’s that simple.

CONTACT: Meghan Murphy, (859) 412 – 4683, mmurphy@bm2freight.com

BM2 Freight Services, Inc. Named Winner Of Food Logistics’ 2022 Top 3PL & Cold Storage Providers Award

COVINGTON, KY, August 15, 2022Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, has named BM2 Freight Services, Inc. to its 2022 Top 3PL & Cold Storage Providers award, which recognizes leading third-party logistics and cold storage providers in the cold food and beverage industry.

“These past 18 months have been so challenging for U.S. supply chains. It’s the continuous bottlenecks that require fleets to re-tool and pivot accordingly. But, it’s the drivers, the fleet, the warehouses and software/technologies that really keep today’s supply chains in line,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive.  “These 3PLs and cold storage providers have collaborated on all facets of their operations to achieve full visibility, complete forecasting, end-to-end leverage and the ultimate in sustainability. Now is the time to honor and celebrate those companies making magic happen behind the frontlines.”

Recipients of this year’s award will be profiled in Food Logistics’ July/Aug 2022 print issue as well as online at www.FoodLogistics.com.

“BM2 Freight is proud to win The Top 3PL & Cold Storage Providers Award for the 2nd year in a row.  We have an amazing team here.  That combined with our wonderful customers and loyal carriers allows us to provide outstanding service,” says Sarah Newman, President.

About BM2 Freight

Family owned and operated since 2008, BM2 Freight is headquartered in Covington, KY and is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers. Service. Communication. Integrity. It’s that simple.

About Food Logistics

Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, focusing on trucking, warehousing, packaging, risk management, food safety and more. Go to www.FoodLogistics.com.

CONTACT: Meghan Murphy, (920) 428-3314, mmurphy@bm2freight.com

BM2 Freight Services, Inc. Recognized In The Cincinnati Business Courier’s Top 100 Private Companies For 2022

COVINGTON, KY, August 3, 2022 – The Cincinnati Business Courier has named BM2 Freight Services, Inc. one of the largest private companies in the Greater Cincinnati region. BM2 ranked #79 on the list based on 2022 total revenue.

Overall, manufacturing and distribution was the highest grossing category, with logistics coming in a close second. “It’s wonderful to see logistics playing such a pivotal role in Cincinnati’s success; we are happy to be a part of it,” said Principal Kevin Ball.

BM2 Freight Services, Inc. was founded in 2008 and is headquartered in Covington, KY, with offices in Chicago, IL and Nashville, TN.  BM2 is proud to employee over 120 employees and has a business model that has proven successful in both volatile and stable markets. This is our first time winning this award and the fact that it focuses on the largest private companies in Greater Cincinnati says a lot about our momentum and where we are headed as a company. It’s an honor to be on the list next to the 99 other companies being called ‘the beating heart of the economy,” said Principal Matthew Mason.

More information about the Business Courier’s Top 100 Private Companies for 2022 is available at https://bizj.us/1qg0xg

About BM2 Freight: Family-owned and operated since 2008, BM2 Freight is headquartered in Covington, KY, and is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers. Service. Communication. Integrity. It’s that simple.

CONTACT: Meghan Murphy, (920) 428-3314, mmurphy@bm2freight.com

Sarah Newman Of BM2 Freight Services, Inc. Named President

COVINGTON, KY, July 1, 2022 – BM2 Freight Services, Inc., a provider of logistics and transportation solutions, is proud to announce Sarah Newman, former Executive Vice President of Operations, as the new President of BM2 Freight Services, Inc.

Sarah has been in the freight brokerage field for 21 years and with BM2 for almost two years.  “We are excited about this promotion and feel that Sarah is the right dynamic leader to take our company to the next level,” said Principals Matthew Mason, Jeff Mason, and Kevin Ball.

Sarah holds a plethora of roles within the industry and community alike.  Sarah is on the Customer Advisory Board for Truckstop, the Education Committee, and the Communications Committee for the TIA.  In addition, she is part of the Mentor Program for the CSCMP, and she is on the Diversity, Equality, and Inclusion Committee and the Regional Youth Leader Committee with the Northern Kentucky Chamber of Commerce.

About BM2 Freight: Family-owned and operated since 2008, BM2 Freight is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers.  Service.  Communication.  Integrity.  It’s that simple.

CONTACT: Meghan Murphy, (859) 412-4683, mmurphy@bm2freight.com

BM2 Freight Services, Inc. Named A Top Workplace

COVINGTON, KY, June 8, 2022 – BM2 Freight Services has been honored as a Top Workplace by The Enquirer Media in the Greater Cincinnati and Northern Kentucky area.  Top Workplace finalists are determined solely by employee feedback gathered through an online survey conducted by an independent third party, Energage, LLC.  The anonymous survey uniquely measures culture drivers that are critical to the success of organizations: including communication, execution, and association.

“There’s something about awards that let you know that your team members enjoy coming to work every day.  As an owner, that is the environment and culture you hope to create.  Awards that reiterate that we are headed in the right direction based on team members’ feedback mean the world.”  Said Matthew Mason, Principal.

This is BM2’s first time being named a Top Workplace by the program.  BM2s goal is to create an inclusive and positive work environment where everyone feels welcomed, respected, valued, and understood.   The company prides itself on developing careers through culture.

About BM2 Freight: Family-owned and operated since 2008, BM2 Freight is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers.  Service.  Communication.  Integrity.  It’s that simple.

CONTACT: Meghan Murphy, (859) 412-4683, mmurphy@bm2freight.com

Getting Back To The Basics Of Third-Party Logistics

COVINGTON, KY, May 18, 2022 – It has been anything but easy in the last couple of years, to say the least, for anyone who works in the supply chain and transportation industry.  BM2 Freight, like many, studies market trends to hypothesize what lies ahead to make informed decisions in our business and collaborate with our clients to help them with their own decisions.

For too long, we have been solving supply chain issues with transportation.  Unfortunately, this was the only option for many – but that doesn’t mean it’s sustainable and cost-effective.

Leading organizations need to change and adopt new best practices to stay competitive and profitable. Those changes have been made, implemented, and results have been and are currently being analyzed.

If you or your business are not doing this, I highly recommend prioritizing a review of your current supply chain and transportation operations.

It’s no secret the transportation market is in transition and opportunities are presenting themselves. For the first time in forever, resources, economies of scale, technology, new ideas, and best practices needed to maintain and grow transportation and supply chain operations, are available and achievable.

It’s time to get back to the basics and design and implement solutions to meet current and future challenges. How do we do it?

Like any successful plan, we have to have a clearly identified goal and/or outcome. The most consistent outcome that we hear time and time again is to find freight savings.

Procurement activities can absolutely do just that; however, playing the market has limitations. We have to question how sustainable price adjustments will be – provided the volatility in the past couple of years.  Therefore, partnering with a third-party logistics firm to identify additional opportunities to save money and provide added value are necessary for achieving supplementary outlined outcomes.

These key deliverables can be: improving service, increasing efficiency, supply chain collaboration, and mitigating risk, but what’s the true value-add of working with a 3PL?  

  • Access to flexibility capacity and the best combination of service.
  • Modal conversions and optimized service combinations
  • Standardization of shipping behavior and procedures.
  • Collaborate with transportation and supply chain teams to outline and execute initiatives.
  • Leverage TMS and related technologies.
  • Enhanced visibility, reporting, and analytics.

The intent here is to share my perspective as a career third-party logistician with a track record of architecting, implementing, and executing these exact deliverables.

These concepts and best practices may be a targeted initiative, or they may exist today.  Either way, my team and I are looking to partner with companies to deliver sustainable transportation and supply chain solutions.

 About BM2 Freight: Family-owned and operated since 2008, BM2 Freight is dedicated to providing strategic transportation solutions to customers throughout North America by connecting them with a network of over 3,000 reliable carriers.  Service.  Communication.  Integrity.  It’s that simple.

QUESTIONS? CONTACT: John Graham, (773) 575-1586, jgraham@bm2freight.com