In 2010, Matthew Mugar and Walter Lopes founded BOA Logistics. The Culver City-based logistics company specializes in road and rail transportation, including refrigerated trucking and cold storage. Refrigerated truck and cold storage allows companies to store goods at specific temperatures and is becoming an increasingly important part of the supply chain.
The business has since grown to more than 90 employees. Services offered by the company include Cargopic, which allows people to use an app to check on the status of shipments and an in-house software that helps make moving freight more efficient.
BOA Logistics was No. 36 on the Business Journal’s list of Minority Owned Businesses. The company, which is Filipino American and Latin American-owned, had an estimated $44.6 million in revenue in 2022.
Mugar said he is working to make BOA Logistics a “nationwide name in the cold supply chain.”
How did you get your business started?
We started the business during the great recession. Our clients needed more than what the current market was providing, so we started our company to meet their needs. The business started in my childhood bedroom with two desks, two computers and a fax machine.
Do you like being your own boss? Early on, did you ever think of trading it in for a steady paycheck?
Yes, I’ve always liked being in control of my own destiny. We believe in the power of accountability, so I didn’t want to have to rely on other forces. I never for one second thought of trading it in for a steady paycheck. Walter and I are just not cut that way.
What’s the best aspect of running your own business?
The best aspect of running your own business is to see it grow like a living being. You see it hit all the stages of life: birth, infancy, toddler, teenager, grownup, and now prime. What’s even more satisfying is to see the people you hired in the beginning go through those stages. Employees who started at entry-level, almost minimum wage now make six…
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