Phoenix Named One of Chicago's Fastest Growing Companies

Wood Dale, Illinois – June 11, 2007 - Phoenix International Freight Services, Ltd. is one of the fastest-growing public and private companies in the Chicago area based on 5-year revenue growth, according to Crain's Chicago Business — the nation's preeminent regional business newspaper.

Phoenix, a privately-held, full-service international freight forwarder, NVOCC and Customs broker, has generated more than a 140% increase in revenue growth over the last five years and shows no signs of slowing down.

Founded in 1979 by CEO Bill McInerney, Phoenix now has 71 global offices, more than 1500 employees and annual sales exceeding $611 Million. Originally an air export company in Chicago, Phoenix began strategically opening offices in Asia in 1995. Cargo movement from the Pacific Rim now accounts for the majority of the company’s revenue. Phoenix’s expansion last year established 16 offices in India and Sri Lanka.

“Our success in developing offices in Asia has been instrumental in the company’s progress, and we are very optimistic about our new opportunities to service clients focusing on the emerging Indian subcontinent marketplace,” said McInerney.