Polaris Logistics Group, a Toledo Ohio-based third party logistics company that focuses on truckload, flatbed, intermodal, and LTL (less than truckload) freight, has expanded and has opened a Houston, TX office. In addition to its office in Toledo, Polaris added offices in Salt Lake City, UT in 2015 and San Francisco, CA in 2016.
According to Dan Nester, President and Chief Executive Officer, timing for the new Houston location aligns well with the company’s plan for strategic growth to new markets. Houston was especially targeted as it has one of the highest metropolitan GDP’s in the country and will be one of the chief beneficiaries of the recently expanded Panama Canal.
“The addition of the Houston office positions Polaris at another key access point to high volume freight and carrier hubs – ultimately better serving more of our customers across all North American time zones,” Nester said.
For Nester, the outlook on the logistics industry and his company under the Trump administration is positive.
“The proposed infrastructure bill that was supported by both Hillary Clinton and Donald Trump will pour a lot of money into the economy, and our customer base of manufacturers will be positively impacted. Secondly, President Trump has hinted at some potential changes in both NAFTA and other trade agreements. If even some small changes occur, American manufacturers and the logistics companies that serve them will likely benefit,” Nester said.
Nester also mentioned that a 2017 FMCSA mandate requiring truckers to use Electronic Logging Devices (ELD’s) could result in fewer miles being driven each day and, thus, increased demand for freight capacity – fueling a core service area for his company.
According to Nester, over the next two years, the company is on track to add an additional three locations in the eastern and southern United States. The company expects to more than triple its employee count and grow its annual revenue to $35 million over the next five years.
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104 N. Summit St.; Suite 100, Toledo OH 43604