Certified Minority-Owned Tier 1 Logistics Company
When it comes to logistics, many companies can provide solutions for a small segment of the supply chain, but very few are equipped to handle it in its entirety. "SynXGlobal Corporation is a robust carrier that offers end-to-end transportation and warehousing services as a certified minority tier 1 (CMT1) supplier.
We are the preferred diversity solution for governments and corporations with demanding procurement criteria. Reimagining the existing transportation business model, SynXGlobal relies upon a more comprehensive view of diversity participation. Our vision proposes the minority certification status for optimization and performance.
Our focus is on empowering our employees and drivers to not only succeed but to thrive in this business. We break down barriers to entry, provide support, and offer resources to ensure their success.
YOUR BEST CHOICE IS TO OPT FOR AN INCLUSIVE OPTION.
To learn more, Join the SynXGlobal community today!
Trucking & Logistics
As per The Business Research Company's Specialized Freight Trucking Global Market Report 2023, the global specialized freight trucking market will grow from $980 billion in 2022 to $1061.4 billion in 2023 at a compound annual growth rate (CAGR) of more than 8%. The specialized freight trucking market is expected to grow to $1418 billion in 2027 at a CAGR of more than 7%. Rising demand for raw materials from the manufacturing industries and rising urbanization are expected to drive the specialized freight trucking market growth.
Government and Defense
Government and Defense is the market sub-segment presenting the greatest entry obstacle. DOD contracts are capital-intensive and restrictive, and procurement processes are complex and lengthy. The defense logistics market is poised to grow by USD 3.54 billion during 2020-2024, progressing at a CAGR of over 2% during the forecast period.
Warehousing
The warehousing and storage industry employed 1.1 million people in the US in 2020. The average cost of warehousing per square foot in the US is $5 to $7, but this can vary depending on the location and size of the warehouse. The average cost of goods sold for a warehouse is approximately 20% of the total revenue.
