GlobalTranz Announces Acquisition of Global Freight Source

GTZ Homepage, Press Release

PHOENIX, AZ and MILWAUKEE, WI – January 10, 2017 – GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced it has acquired Global Freight Source, Inc., a leading freight brokerage and logistics company. The acquisition further solidifies GlobalTranz’ position as a top freight brokerage firm and validates the company’s commitment to the freight agent business model.

Global Freight Source has operated successfully for over 25 years and brings years of freight management best practices that can be leveraged across the GlobalTranz network to improve operational excellence. These best practices, combined with its strength in expedited freight and demonstrated ability to win and build strategic enterprise client accounts, make Global Freight Source an excellent acquisition for GlobalTranz.

“We have worked with GlobalTranz for years, and its freight brokerage technology has helped us grow our market share tremendously,” said Jim Weatherly, chief executive officer of Global Freight Source. “We are excited to become part of GlobalTranz, and I look forward to contributing to company growth and helping other GlobalTranz agents replicate our success.”

“Global Freight Source is a great addition for GlobalTranz and we are excited to have the team on board,” said Bob Farrell, chief executive officer of GlobalTranz. “Jim and his team have built a world-class freight operation and proven themselves to be a top revenue producer year after year. Their breadth and depth of freight management expertise, experience successfully applying the GlobalTranz technology platform to service enterprise customers, and ability to share best practice knowledge with our other freight agents will be big assets to GlobalTranz as we continue to grow the company.”

About Global Freight Source

Global Freight Source is a privately-held, Milwaukee-based logistics company specializing in freight management services including LTL, full truckload, supply chain management, and international and domestic air/expedited shipping. Our focus is on providing innovative technology and being a leading-edge provider of web-based transportation management services that helps our customers implement processes that manage and reduce their transportation costs. Founded in 1989, as an air freight forwarding company Global Freight Source has been committed to evolving with the industry using best in class technology.

About GlobalTranz

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2016, Transport Topics ranked GlobalTranz as the 12th largest freight brokerage firm in the U.S. For more information, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.