Original Press Release Here
ATLANTA, Jan. 14, 2021 /PRNewswire/ — MyPorter, a provider of B2C storage solutions, announces the formalization of a new division – Porter Logistics – dedicated to providing 3PL warehousing solutions in Atlanta.
Since its Atlanta launch in February 2018, Porter Logistics has expanded their fleet to 13 trucks and have amassed 265,000 sq. feet of warehouse space, offering thousands of direct-to-consumer storage units, and supported by an organization of 20+ full-time employees. MyPorter also partners with independent contractors to facilitate pickups and deliveries. It is currently in the market for warehouse space in both Atlanta and Tampa Bay (its next expansion city).
Porter Logistics formally launched (in stealth mode) in July 2020 following VC investment from Florida Funders and has experienced meteoric growth, eclipsing the direct-to-consumer business in less than six months. Q4’20 revenue came in at 40% over Q3, driven largely by huge strides in the commercial business.
“Almost immediately after launching MyPorter with outside funding in 2018, we garnered significant interest from the business community despite marketing and selling exclusively via direct-to-consumer channels. Any time you experience organic growth without direct outreach, that is a strong signal there is an untapped market waiting to be serviced. We created the business thesis, our great partners at Florida Funders backed that thesis, and we used that capital to make key hires that have completely transformed our business,” says Chief Revenue Officer and Co-Founder of Porter Logistics, John Foshee.
Porter Logistics fills a hole in the traditional lease / sublease market, a market not served well by existing 3PL’s. Whereas lease and sub-leases are often inflexible and require businesses to adapt their model to a landlord, Porter Logistics offers turn-key logistics solutions with flexible terms and contracts not typically seen in the industry. It uses technology to streamline their client’s logistics operations in what is still seen as a low-tech industry.
“The most exciting feature of Porter Logistics is the limitless growth potential and myriad use cases. Self-storage is a $40 BN market in the United States but third party logistics is almost 6x that size,” said Robert Crump, CEO and Co-Founder of MyPorter. “Our clients consist of distributors, retailers, manufacturers, commercial offices, startups, and much, much more. The common theme is the desire for flexibility and willingness to pay a premium for that flexibility.”
For now, the legacy MyPorter business and Porter Logistics will continue to operate as distinct divisions of MyPorter, Inc with dedicated staff assigned to each business unit.
For more information on MyPorter Commercial, please visit www.porter-logistics.com.
About Porter Logistics
Porter Logistics is a leading Atlanta-based 3PL warehousing provider offering comprehensive third-party logistics services to brands, manufacturers, retailers, and direct sellers across many industries including Consumer Products, Food & Beverage, HAZMAT Chemical, & Bulk Commodity industries.
With Porter Logistics, brands are able to achieve economies of scale, reduce spend, and bring omnichannel operations under one roof to drive revenue growth and reduce complexity in their supply chain.
Their key offerings include:
PRESS CONTACT:
John Foshee
Chief Revenue Officer @ MyPorter & Porter Logistics
[email protected]
SOURCE MyPorter, Inc.
