An M.S. Carriers tractor and trailer. (Photo: Craig Wendt Collection)
Michael Starnes founded M.S. Carriers in Memphis, Tennessee, in 1978. Starnes started the company from his own home, with just two trucks and $10,000 in working capital. By 1986, the company had achieved considerable success, and gone public. In 1987, M.S. Carriers announced the construction of a new terminal in Jackson, Tennessee – the company’s fifth terminal. Its other terminals were in Nashville and Memphis, as well as Tupelo, Mississippi and Baton Rouge, Louisiana.
Starnes conceived an expansion strategy into short-haul markets throughout the 1990s. At the time, more than 75% of the nation’s truckload freight was carried on routes within a 500-mile radius of their origin, and Starnes focused on owning that market share. The strategy paid off, and in 1993, M.S. Carriers grew 20%. The growth allowed the company to add 400 tractors to its fleet, which then totaled over 1,900. Growth continued in 1
Technavio Research: Cold Chain Market to Grow Over $230 Billion Globally During 2020-2024 | Technavio
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Technavio has announced its latest market research report titled Cold Chain Market by Type, Application, and Geography Forecast and Analysis 2020-2024 (Graphic: Business Wire).
For a More Detailed Analysis,
Get a Free Sample Report Delivered Instantly One of the primary growth drivers for this market is the use of RFID in cold chain logistics, says a senior analyst for Industrials at Technavio. The use of RFID in cold chain logistics tracking and tracing helps enterprises to improve logistics operations and keep track of the products. This improves the overall operational efficiency of enterprises, which is crucial in driving the market growth. As the markets recover Technavio expects the cold chain market size to grow by USD 230.29 billion during the