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Magnate Worldwide Ranks No. 1283 on the 2020 Inc. 5000

August 12, 2020

Inc. magazine today revealed that Magnate Worldwide is No. 1283 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are delighted to be acknowledged on the 2020 Inc. 5000 list alongside other rapidly-growing, exciting companies,” said Dante Fornari, CEO of Magnate Worldwide, “The past three years have been great for our portfolio of complementary logistics companies, and we look forward to more growth, building upon our strong foundation.”
The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000/2020. About Inc. 5000 In 1982, Inc. introduced the Inc. 500 list of the fastest-growing privately held companies in the United States. Since then, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success and the place where future household names first make their mark. In 2007, the Inc. 500 list expanded to the Inc. 5000, giving readers a deeper, richer understanding of the entrepreneurial landscape and capturing a broader spectrum of success. More information is available at www.inc.com.
Tariff Updates:
  • EU and U.S. tariff implementation: The Council moved forward with negotiating mandates to implement tariff elements of the recent EU–U.S. joint statement, a step toward reducing import duties and creating tariff-quota rules.
  • U.S. tariff policy legal and policy actions: U.S. tariff rules are evolving with new developments and court actions closely watched by major news outlets and trade trackers, as they could impact how imports are treated.
  • EU carbon-border measures may be delayed and expanded: The European Commission may delay new carbon border proposals, which could expand tariffs to more products, until mid-December.
  • Global trade policy activity: Last month, Global Trade Alert and similar monitors saw a rise in trade and industrial policy actions, highlighting ongoing regulatory changes that exporters and importers should keep an eye on.
How Imperative Logistics Can Support You:
  • Tariff & classification review: We review your product classifications under the Harmonized System (HS) and the country-specific Harmonized Tariff Schedule (HTS) to ensure accurate duty treatment and help you maximize any applicable tariff exclusions, quotas, or preferential programs.
  • Regulatory-monitoring alerts: We can set up tailored alerts (custom watchlists) for tariff, quota, and carbon-border developments that affect your product categories and lanes.
  • Alternative routing & customs planning: Our team will evaluate alternative routings, transshipment options, and duty-deferral or bonded-warehouse strategies to reduce customs friction without changing commercial partners.

Have questions about how these tariff changes affect your shipments? Our team of experts is ready to provide guidance, please Contact Us anytime. For further details, please consult the latest Tariff Update and Reciprocal Tariff List for comprehensive information.

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