Carrie Rengers

King of Freight cracks list of top freight brokerages and expands yet again

Mike Ricklefs, right, and Greg Bolain are partners in King of Freight, a freight brokerage, and are expanding with another new floor at the Ruffin Building downtown. Their company also has cracked into the list of top North American freight brokerages for the first time.
Mike Ricklefs, right, and Greg Bolain are partners in King of Freight, a freight brokerage, and are expanding with another new floor at the Ruffin Building downtown. Their company also has cracked into the list of top North American freight brokerages for the first time. File photo

With his April announcement of more space at the Ruffin Building, King of Freight partner Mike Ricklefs said he and partner Greg Bolain likely would be leasing more within three months.

That's what's happening now with a lease they're signing Tuesday for the second floor of the building, which makes a total of 71,221 square feet the freight brokerage has there.

They also have a combined 32,000 square feet in the High Touch and Sterling buildings downtown and expect to eventually lease more at both as well.

Ricklefs says the company now has 500 employees and should have 750 to 800 by the end of the year.

He says his goal is still to have 5,000 employees by 2021.

For the first time, King of Freight has broken into the top 100 freight brokerages in North America, according to the online Transport Topics.

The list is based on 2017 numbers. King of Freight is at No. 87, with $87 million in gross sales and $7.4 million in net sales.

Ricklefs says so far this year, the company has done $165 million in gross sales and has about $8.3 million in net sales, so he expects to be in the top 40 in next year's rankings. He wants to be No. 1, though.

"I feel like we're just getting started. We have a really long way to go."

(FILE VIDEO -- 2015) King of Freight owner Mike Ricklefs talks about growing his logistics business from the ground up.

Reach Carrie Rengers at 316-268-6340 or crengers@wichitaeagle.com.
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