Prime Inc Net Worth – Founder and CEO Robert Low
Prime Inc is one of the most popular trucking companies in America, and its net worth is a testament to its success. The company is known for its refrigerated, flatbed, and intermodal transportation services. It has a fleet of more than 7700 trucks and 13800 trailers. Prime’s headquarters are located in Springfield, Missouri, and it’s a well-run business with a great reputation.
Founder Robert Low started Prime, Inc. in 1970, and has since grown the company to become the largest in its industry. Its annual revenue is estimated to exceed $500 million this year. Its annual efficiencies are impressive, as is its growth over the past three decades.
Prime has been a pioneer in the world of trucking. It is a leader in the refrigerated transportation industry, and it boasts the largest fleet of flatbed trucks in the country. It is also the world’s largest refrigerated truckload carrier, with more than seven thousand trucks and 13,800 trailers on the road.
In the late 1970s, Low started his first trucking company in Urbana, Missouri. At the time, he was a 19-year-old engineering student. While the company grew rapidly, he faced a dilemma. He had to decide whether to go to college or start his own business. He decided to take the risk and went to school, but dropped out after two years to focus on his business. He made his first million at the age of 29.
During his days as a young entrepreneur, Low doubled the size of his fleet every year. The company’s refrigerated operation was able to generate more than $50 million in revenues by 1980. This is no small feat, especially when you consider that the average refrigerated truckload costs about $2 million to transport.
When the business moved its base of operations to Springfield in 1980, the company expanded even further. It boasts a state-of-the-art facility, including a movie theater, a gym, a spa, and child care. It also has a large wine cave. The building, which is located at the intersection of Interstate 44 and Highway 65 in Springfield, Missouri, is also known for its philanthropic efforts in the community.
The wine cave, as the name suggests, features a grotto dedicated to wine tasting. It has a room with a wine storage area, as well as a dining and kitchen area. There is even a mini golf course and a nifty little wine-related gift shop. In the ensuing decade, the company’s fleet has swelled to more than 6,700 trucks and 13800 trailers. It is a thriving business, and the company has more than tripled its revenues in the last three decades.
The company also has a plethora of accolades and trophies to its name. Prime has been voted as one of the top five best-run trucking companies in the nation, and its revenue has increased dramatically over the past fifteen years. It has diversified its services, and now includes a liquid bulk division. It has expanded to more than a dozen locations, and its drivers make a whopping 18 million miles a week.