#97 Kory Neal - Building The 2nd Largest Minority Owned Truck Dealership In The USA | K.Neal TBC | #1 The Trucking Podcast
#trucknhustle #trucknhustlepodcast Join us this fall at Freight Fest, Trucking Conference Of The Year brought to you by Truck N’ Hustle November 4th-6th Houston TX! Special Offer https://freightfest.com Special thanks to our sponsors for collaborating with us for the FreightFest 2022. You check our Sponsors on the link below, https://linktr.ee/trucknhustlepodcast When Kory Neal was just 15 years old in 2006, his father, Stephen Neal had just retired as an executive with #giantfoods. Shortly After retiring, In the pursuit of creating a legacy for his family, Stephen acquired an aging truck dealership. This acquisition would be the origin story of the family business. When his father purchased the dealership a the then young Kory’s passion was sports. Kory would become a successful college football athlete attending Eastern Michigan and would also earn a bachelor of science degree. Afterward college he would pursue a pro career in the NFL. Kory was invited for a few NFL tryouts but his professional career did not pan out. Kory would Take his passion for sports and apply it to business. He connected with his father and dedicated himself to the family business and worked full time at the dealership. Kory would learn the full scale of the operation from A to Z as his father groomed him for leadership. In 2018 Kory father stepped down and Kory became the President and Ceo helping to grow and transition the dealership to what is now the 2nd largest black owned Truck and Bus dealership in the country. The company thrived under Korys leadership. In 2019, it was listed as Black Enterprises #35th largest black owned business generating over 103 million in sales. What may be even more impactful is the fact that ONLY 2 out of 2,100 TRUCK dealerships in the country are black-owned. K.Neal Truck and Bus Center is one of them. This makes this entirely bootstrapoed family opertion even more unique and incredible. The Growth... Today, K. Neal Truck and Bus center has 4 locations through the Washington DC metropolitan AREA. https://www.knealtbc.com Its newest corporate location is a 40,000 square foot, 2 story facility that sits prominently off the highway as you enter into Hyattsville,Maryland. This newly erected state of the art building was a 15 million dollar project which includes a full service maintenance facility, 15,000 square feet of parts inventory, a showroom floor and much more . K.Neal remains a leader amongst it's competitors capturing almost 50% of the school BUS market share In THE state of MAYLAND and slew Truck orders. Kory admittedly is obsessed with the numbers and the results, But his true passion is service and people. Which is evident in his organization. this podcast is extremely inspirational and should serve as an example of what investing in the longevity of your family can yield for generations. #Salute Stephen and Kory Neal for leading the way. --- Send in a voice message: https://anchor.fm/trucknhustle/message Support this podcast: https://anchor.fm/trucknhustle/support