This week, TMC Transportation, a family-owned carrier, announced that the company is transitioning into an employee-owned company.
TMC Transportation is the country’s 7th largest flatbed carrier, according to Transport Topics. The company is headquartered in Des Moines, Iowa and has been in business for 41 years.
According to a press release from the company, the CEO and founder Harrold Annett’s decision to transition into an employee-owned company in order to “maintain the culture of TMC, while rewarding its employees for their dedication.”
Shares in the company will be given to all 2,500 employees at no cost, Arnett said.
“TMC employees have always been focused on quality and providing the best possible customer service,” continues Annett. “Now, as employee owners they will reap the benefits of their good work as the company continues to grow and prosper.”