Meet Two Millennials Running One of The Largest Black Businesses

A quintessence of forward-thinking leadership, Lorron James says that his most valuable customers are his employees at James Group International (JGI). Thanks to its annual revenue of $138 million in 2018, JGI was listed 30th on BLACK ENTERPRISE’s top 100 black-owned businesses.

Lorron strongly believes in equipping his team with the resources they need to bring out their best. “My philosophy as a servant leader isn’t to hire smart people just so I can tell them what to do,” Lorron says. “They are the subject matter experts and I work for them.”

In 2018, thirty-six-year-old James became CEO of JGI, a holding company based out of Detroit. JGI was founded by John A. James, who handed over leadership to Lorron and 38 year-old Army veteran John E. James. John E. James is president of the firm and ran an unsuccessful bid for the U.S senate in 2018.

Founded in 1971, JGI has since evolved from a fledgling trucking firm into a strong supply chain management outfit. JGI has two divisions: Renaissance Global Logistics, which provides Customer Care & Aftersales for General Motors, and Export services for Ford Motor Co. JGI’s second arm Magnolia Automotive Services assembles tires and wheels for Toyota Corolla.

While JGI’s leadership has changed, the firm’s strong growth continues. In 2017, the firm recorded a revenue growth of $119 million, and climbed 16% to $138 million in 2018, a rise Lorron and John believe is fuelled by the company’s talented staff who have “mastered the ability to utilize the technology and resources they have to not only garner new business but maintain and build on the current contracts we have.”

Moving ahead, Lorron discloses the company’s growth plans, which includes diversifying its revenue sources by leasing its industrial real estate space in Detroit to businesses. JGI also launched a material-tracking software for customers in 2018, and is hoping to increase gains from sales as the software gains popularity.

⚠️ Make sure to Like Us 👍🏾 on Facebook using the widget below so you don’t miss out on new stories like this. ⬇️



What do you think?

Don't Miss

Ratings: Saturday Night Live Hits 2-1/2 Year Highs 9.9M Viewers With Host Eddie Murphy

14-year-old D.C. student starts his first day at George Washington University