BM2 Freight Services, Inc., Has Been Named A Fast 55 Finalist For The 4th Year In A Row

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COVINGTON, KY, March 25, 2022 – The Cincinnati Business Courier has announced BM2 Freight Services as a finalist for the 2022 Fast 55 awards.  Fast 55 identifies the fastest-growing privately held companies within the 15-county region of Greater Cincinnati that have seen the highest percentage of revenue growth from 2019 to 2021 in five different revenue categories.   The winner of the award will be named on Tuesday, May 10th.

This year, being a finalist marks BM2’s fourth year as a finalist in the program.  “The growth that BM2 has experienced these past few years showcases how dedicated and hardworking our employees are.  They’ve adapted to the changing market, and we could not be more proud of them or of being a finalist for this award.”  Jeff Mason, Principal.

Being a finalist for this award for four years in a row amplifies the significance of BM2’s growth as a company over the last few years.  BM2 started in 2008 and initially consisted of just the three founders.  Today they employ over 110 people throughout their three office locations; Covington, KY, Chicago, IL, and Nashville, TN.

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. As Finalist In Business Impact Awards

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COVINGTON, KY, March 25, 2022 – BM2 Freight has been selected as a finalist in the Cool Place to Work category as a part of the Northern Kentucky’s Chamber 2022 Business Impact Awards, presented by Huntington Bank.  The winner of the award will be named on Tuesday, May 3rd.  The Business Impact Awards recognizes businesses in Northern Kentucky that impact the community with their ingenuity, innovation, business ethic, and leadership.

As BM2 Freight grows throughout their three locations, it is a crucial part of the company’s values to give back to the surrounding communities and build up their workplace atmosphere.  “We are honored to be a finalist for this award.  Our work environment is one of the most important things because we want our team members to enjoy their time here.  Creating a fun, positive, and inclusive work atmosphere is one of the many ways we invest back into our team, which is this company’s heartbeat.”  Said Jeff Coe, Executive Vice President of Finance.

This is the first time BM2 Freight has been nominated as a finalist for the Business Impact Awards.  BM2 takes pride in this nomination, as it shows how much the company takes pride in its culture, employees, and overall enjoyment of the work environment.  If you want to join a company with a “cool” workplace, apply today at bm2freight.com/careers.

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 Best Places To Work In Kentucky

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COVINGTON, KY, March 4, 2022 – BM2 Freight Services, Inc., a third-party logistics company headquartered in Covington, KY, has been named to the 2022 Best Places to work in Kentucky by the Kentucky Chamber of Commerce, the Kentucky Society for Human Resources Management (KYSHRM), and ClearPath Mutual Insurance Company.  BM2’s ranking in the small-sized employer category (15-149 U.S. employees) will be announced at the awards dinner held at the Central Bank Center on Thursday, June 9, 2022, in Lexington, KY.

This is BM2’s first time winning The Best Places to Work in Kentucky award.  The winners were determined by a selection process managed by the Workforce Research Group and are based on an assessment of the company’s employee policies and procedures, along with the results from an internal employee survey.

BM2 Freight’s culture is based on its company mission and core values of excellence only, be highly professional, trust the process and win the day.  These are the framework for every business we conduct and are interwoven into our interactions with our customers and carriers.

BM2 Freight has 103 full-time employees working across their offices located in Covington, KY, Nashville, TN, and Chicago, IL.  The company is dedicated to developing careers through culture and is currently hiring for several positions.  Interested candidates should visit bm2freight.com/careers to apply.

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

The Truth About Double Brokerage

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BM2 Freight Services, Inc. Delivers Record Year

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COVINGTON, KY, December 7, 2021 – BM2 Freight Services, Inc. is proud to announce 85% growth in 2021 and multiple expansions.

While most of the world had to reduce personnel and close offices due to the pandemic, BM2 Freight added a new office in the heart of Music City, Nashville, TN.  “BM2 had a banner year in an industry that has grown significantly. As we find leaders in different markets, we will continue to expand our brand and our operations.” Said Peter Katai, Executive Vice President of Sales.

From a team member perspective, the company increased from 50 to 80 team members, which resulted in a 60% staffing increase.  When looking ahead, the company plans to hire another 63% or 50 more team members in 2022.  This will add additional team members to the Covington, KY, Nashville, TN, and Chicago, IL offices, which will result in BM2 Freight having about 130 team members next year.

As a company, BM2 Freight is committed to not losing sight of what got them here, their team members. As a result of this past year, BM2 was the proud recipient of multiple awards, including:

  • Ranked number 26 on The Cincinnati Business Courier’s Fast 55 Awards
  • Inc. 5000- America’s Fastest-Growing Private Companies, rank No. 2429
  • Finalist in The Cincinnati Business Courier’s 2021 Best Places To Work
  • Food Logistics 2021 Top 3PL & Cold Storage Providers

To finish out the year, BM2 expanded their Covington corporate office.  This allowed them to double their footprint by increasing their office space to encompass the whole 5th floor of The Rivercenter in Covington, KY.  In addition, BM2 will double its Chicago office space in January of 2022.

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. Expands Chicago Office

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COVINGTON, KY, December 1, 2021 – BM2 Freight Services, Inc. will be relocating its Rosemont area office to a new office in the neighborhood to accommodate its rapid growth.

BM2 Freight’s Chicago office was the company’s first satellite location and opened in May 2018.  BM2 Chicago has grown from the three initial employees to seventeen team members.  When looking ahead to 2022, the Chicago office plans to double its office size by hiring fifteen additional team members.

“Our Chicago team has grown exponentially because we have been able to recruit leadership and top sales and carrier sales talent from the area. We have identified a larger facility for current employees and future team members to accommodate a fast-growing team. The new office will allow us to add over thirty-five additional employees over the next two to three years,” says Peter Katai, Executive Vice President of Sales.

BM2 Freight is looking to fill their new office with hard-working salespeople.  If you are interested in joining the BM2 Crew, you can apply today at https://www.bm2freight.com/apply-now/

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

The Death of Backhaul Trucking

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When we look back to the industry in previous years, it’s easy to say that a lot has changed.

I recall in 2019 when I was advising clients to push freight to the spot market as a strategy to help find savings with their transportation budgets.   This goes without saying; times have changed. Currently, I am working with my clients to avoid utilizing TruckLoad spot market capacity as a means to mitigate increased costs in their transportation budgets. TruckLoad spot market capacity has always been volatile, and buyers of transportation (shippers/3pl’s) historically can absorb the one-off increases as needed.  However, current spot market capacity needs have never been greater and have led to the “Death of the BackHaul.”

What is a BackHaul?

Back haul trucking is when a carrier books a shipment to reposition their equipment/drivers to the next desired location. Typically, these lanes would be non-traditional lanes for carriers that would leverage a 3rd party logistics providers sales and operational teams (like BM2 Freight) to fill the otherwise empty space on their equipment.

What is the relationship between a backhaul and the spot market?

In a balanced truckload marketplace, costs for services in the spot market could be similar or more competitive than the dedicated rates in traffic lanes as asset-based service providers utilized backhauls to recover costs on repositioning their equipment.   The lower volume of shipments in a balanced spot market historically would keep TruckLoad pricing competitive. Compared to today’s unprecedented high volume of shipments in the spot market, which results in unprecedented high rates in the spot market.

Death of the Backhaul

High rates combined with high volumes in the spot market have been a winning combination for trucking companies. As a result, carriers are no longer looking to recoup costs but rather profit repositioning their equipment.    Furthermore, we are seeing an upward trend in the small carrier demographic entering the market that is thriving primarily to serve spot market freight.

How do you avoid or minimize your need for spot freight capacity?

There is no silver bullet response, unfortunately. However, there are best practices that you can use today to navigate thru a tight truckload market.  My team and I understand every shipper is unique and has unique needs. Therefore, we are here to help, listen, and collaborate on a solution to avoid utilizing spot freight capacity.

Reach out to me today to learn more about our truckload services.

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

Navigating Tight Truckload Markets

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There is no secret sauce to get the most from a tight truckload market, but there are best in class practices to make the best of this truckload market.

As we hypothesize, when the market will balance out, we, unfortunately, can’t avoid the present. By sharing my point of view, I hope that you can take away something to start an approach for change with your own experience.

It all starts with partnerships or, more importantly, having both parties vested in the same goals. Therein lies the truth of it all, how do we approach a potential or existing partnership in this market?  Or rather, how do we change with the market to continue to meet the demands of our business? The initial response in the second half of last year was to throw money at the problem. While that works in the short term, we all know that is not a sustainable solution.   We have all had to adapt to continue to operate at some level.  Getting started through good discovery and shared information, I have found common ground with each past, present, and the future client to lay the foundation for a good partnership or continue to support them.

What do you mean by a foundation? A clearly outlined objective for your truckload partners.  I can say from experience that things don’t go well if these are not understood and communicated upfront.   Keep in mind; we are working towards your ideal outcomes here: Price & Service.  If you have shared your objectives clearly and are not getting results, I would question the partnership.

Here are some other considerations for a strong foundation:

  • Collaboration – What are your pain points?  Spend time with experts (like the ones at BM2 Freight) who have another viewpoint that could lead to the results you are looking for.   (This is My Expertise: using a Supply Chain education and 20 plus years of Transportation experience to architect sustainable truckload solutions).
  • Visibility and Flexibility – Knowing when and where agility exists in the marketplace can lead to positive results.
  • Leverage People, Process & Technology – Partner with 3rd party organizations to enhance your network.

Reach out to me today to start a solution design process and build a foundation for a successful Partnership for your Truckload needs.

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

BM2 Freight Services, Inc. Doubles Its Footprint

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BM2 Freight Services, Inc. doubles its office in Covington, KY, to accommodate its continued growth in the third-party logistics industry.

The company currently occupies 7,186 square feet on the 5th floor.  The expansion will allow the company to occupy the whole 5th floor and add 9,059 square footage.  This will more than double the current office size and make the total 16,246 square feet.  The expansion is in line with our company growth as we plan to expand our market share.

Coworkers gathered around a computer near a work desk

The goal of the expansion is to accommodate the 36 new employees the company has already hired for the year 2021 and to have space for new team members while the company continues to recruit to hire an additional 50 employees in the future. In addition, the company is investing in its talent pool in all areas of the business, from sales to corporate support. “We pride ourselves on building careers through culture as our people are the core of who we are and what we do,” said Principals Kevin Ball, Matthew Mason, and Jeff Mason

“We continue to focus on doing the right thing every time, which has resulted in increased business from our current customers and creating new partnerships,” said BM2 Freight Services, Inc. Principals Kevin Ball, Matthew Mason, and Jeff Mason

The Covington, KY office serves as the company’s corporate headquarters.  The company also has offices located in Chicago and Nashville.  Construction of the new office space is already underway and is expected to be completed by November 2021.

Interested in applying? Visit the Careers page.

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 reliable carriers. Service. Communication. Integrity. It’s that simple.

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

BM2 Freight
(800) 319‑1115
sales@bm2freight.com
Get a quote now
50 E Rivercenter Blvd. Ste. 525
Covington, KY 41011