Sylectus sees 32% revenue growth in fiscal 2013

Grapevine, TX. Sylectus, a business unit of Omnitracs Canada Inc., said its revenues for fiscal 2013 rose 32% year over year – up from the 22% year-over-year mark it posted in fiscal 2012. The company announced its earnings performance March 24 at the Truckload Carriers Assn. annual meeting in Grapevine, TX.

“Sylectus is really the only transportation management system that caters to the small fleet market,” Vikas Jain, vice president and general manager of software as a service at Omnitracs, told Fleet Owner. Sylectus offers a comprehensive suite of solutions, “but the icing on the cake is the seamless collaboration” that is available among carriers using the system. This collaboration allows a carrier to improve utilization in situations when it needs freight and customer service in situations where it needs trucks, Jain said. “Sylectus gives smaller fleets the one thing they don’t have, which is scale.”

Carriers can use Sylectus for both TMS and load sharing or just for load sharing. The average fleet size for those using the system for both functions is about 50 trucks, while the average for those using just load sharing is in the teens, Jain says. Sylectus has seen particular strength in the expediting segment and in flatbed, but the fastest-growing segment is van truckload, he said.

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