In the ever-evolving world of transportation and logistics, innovation is not just a buzzword; it’s a way of life for Matthew Telesca, the President & CEO of MGN Logistics, Inc, as well as Founder and CEO of AI Logistics, San Juan, Puerto Rico. With a visionary approach and a penchant for staying ahead of the curve, Telesca has steered MGN and AI Logistics to the forefront of the industry.
Under the astute leadership of Telesca, MGN continued its journey of innovation. The company developed a range of creative transportation modules, including predictive pricing, extensive KPI charting, and intelligent transportation routing, setting a new industry standard. By staying focused on cutting-edge technology, MGN and AI Logistics have outpaced all major players in the transportation and logistics space, consistently redefining what’s possible.
A Journey of Growth, Innovation, and Success
In May of 2000, MGN Logistics was founded by Telesca as a traditional truckload brokerage and the company launched LogisticsQuote.com, which was one of the pioneering online transportation brokerage websites at the time. This innovative platform allowed customers to easily set up accounts, rate shipments, manage their profiles, create shipping documents, and track their freight online. Due to significant growth, the website was sold to a private equity group in 2004.
However, the technology developed for online rating didn’t go to waste. It was repurposed and applied to brick-and-mortar operations. In April 2007, MGN Logistics acquired D & S Transportation, a freight management firm based in Boston and as the company continued to expand, a new office was established in Orlando in 2009.
MGN Logistics heavily reinvested in its proprietary IT solutions for the transportation industry, attracting more customers with diverse supply chain needs. By November 2013, the company had expanded its office locations to include Philadelphia, Boston, Orlando and Santiago, Dominican Republic.
The growth trajectory continued in January 2014 when MGN acquired another specialized logistics firm, Laser Transportation Systems, thereby expanding its footprint into New Jersey. In July of the same year, MGN Logistics was recognized by Inc. magazine as being one of the fastest-growing private companies, ranking among the top 5000 businesses in the United States.
Then, in February 2015, MGN further expanded its footprint and technology by acquiring Discount Diesel and BuyTruckload.com, which were web-based freight solutions. During the same year, they also acquired the technology assets of a Chicago-based wholesale truckload capacity provider, including a unique proprietary pricing calculator. This was the first to market meta-algorithm of its kind.
The expansion didn’t stop there, in September 2018, MGN Logistics acquired one of the leading parcel auditing companies with a best-in-class proprietary rerating tool. Then again in July 2021, MGN acquired Sacramento based Republic Logistic Services, a niche truckload consolidator.
Finally, in October 2022, MGN Logistics acquired Lindsey Forwarders, a freight forwarding powerhouse and the single largest exporter of hay in the United States.
Today, MGN Logistics is widely recognized as the leading technology company in the transportation space, marking a remarkable journey of growth, innovation, and success.
Redefining Excellence in the World of Logistics
MGN Logistics is committed to offering its customers a comprehensive range of reliable, high-quality services that optimize every aspect of logistics operations, including freight management, truckload, LTL, ocean, air, intermodal, and international freight forwarding, as well as parcel audits, analytics, and much more. With a wealth of experience spanning over 25 years, and a unique perspective from both the carrier and client side, MGN Logistics is well-equipped to provide its customers with transportation and distribution solutions that empower them to thrive in an ever-evolving marketplace.
The company’s approach is built on fostering enduring relationships that lead to tangible benefits, such as reduced logistics costs, improved service quality, heightened reliability, and enhanced flexibility for its customers. MGN Logistics values its employees, subcontractors, and business partners, creating a professional environment that is characterized by overcoming challenges, rewards, creativity, and respect for both ideas and individuals.
Ultimately, MGN Logistics is dedicated to delivering exceptional value to its customers while ensuring fair and equitable rewards for its employees, partners, and owners. This commitment to both customer satisfaction and the well-being of its team members underscores the company’s dedication to excellence in the field of logistics.
Recipe for Entrepreneurial Success
Telesca’s advice to the younger generation of entrepreneurs is both insightful and motivating. He underscores the importance of certain qualities and a strong work ethic for those aspiring to succeed in business:
- Grit and Discipline: These qualities are essential for overcoming challenges and maintaining a sense of purpose and determination, especially in the face of adversity. Grit and discipline help entrepreneurs stay focused on their goals.
- Persistence: The ability to keep grinding through both good and bad times is crucial. Building a successful business often involves facing setbacks and obstacles. Being resilient and persistent is key to pushing through those difficulties.
- Hard Work: Telesca emphasizes that hard work is non-negotiable. Successful entrepreneurs must be prepared to put in the extra effort and go above and beyond what is expected.
- Passion: A genuine passion for what you’re doing can be a driving force that keeps you motivated and inspired even during the most challenging times.
- Drive: Having a strong sense of purpose and determination is vital for achieving entrepreneurial success. This drive propels you forward, even when faced with obstacles.
These attributes, combined with dedication and a commitment to going the extra mile, can serve as the foundation for creating a successful business. Telesca’s advice highlights the importance of personal qualities and work ethic in the entrepreneurial journey.
Leading Exponential Growth
Telesca’s leadership is marked by a clear vision for growth and the consistent execution of that vision. His company has experienced exponential growth year after year, a testament to his strategic acumen. Looking ahead, Telesca projects a remarkable feat: doubling the company’s revenue from its current levels. This ambitious goal is underpinned by a track record of consistent success, as the company has managed to double its revenue every two years for the past six years.
Telesca’s leadership and accomplishments have garnered recognition from various newspapers and industry magazines, further affirming his standing in the industry. He has also made appearances on television broadcasts, including the Fox Business News series “InView.” His achievements and dedication to growth and excellence serve as a source of inspiration for entrepreneurs and business leaders alike.
