March 10, 2015
Toronto, ON - TransX Group of Companies was named one of Canada's Best Managed Companies in 2014 for excellence in business performance. The Best Managed award recognizes Canadian owned and managed companies with revenues over $10 million for sustained growth, financial performance, management practices and the efforts of the entire organization.
"Today's market place is not just about financial performance; it is also about the investment in the people. TransX invests in their team to build up a strong and stable company. Best Managed companies are home grown companies making smart investments to achieve above average returns," said Peter Brown, National Co-Leader of Canada's Best Managed Companies Program and Senior Practice Partner, Deloitte.
Established in 1993, Canada's Best Managed Companies is one of the country's leading business awards programs that recognizes Canadian companies that have implemented world-class business practices and created value in innovative ways. Applicants are evaluated by an independent judging panel on how they address various business challenges, including new technologies, globalization, brand management, leadership, leveraging and developing core competencies, designing information systems, and hiring the right talent to facilitate growth.
"We are extremely proud of having received this honour," said Mike Jones, VP of Operations, TransX. "The award is a formal recognition of our ability to be successful by maintaining a focused strategy on providing value to our customers and doing that through our dedicated people at TransX. The award also recognizes innovation and the training and development of human capital which are cornerstones to the ongoing success at TransX Group of Companies."
"This year's winners demonstrate the significant impact that Canadian private companies make from coast-to-coast - and beyond - by pursuing innovation and investing in meeting the needs of their clients," said Jon Hountalas, Executive Vice-President, Business Bank, CIBC.
About Canada's Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $10 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (After three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation. Companies may requalify for two additional years, subject to annual operational financial review; 4) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Queen's School of Business and MacKay CEO Forums. For further information, visit www.bestmanagedcompanies.ca.
TransX Group of Companies is Canada's largest privately owned transportation company. As a leading North American transportation provider, TransX specializes in providing customized solutions tailored to our customers' transportation and logistics needs.
For further information, please contact:
Marketing Communications Coordinator