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GlobalTranz Closes New Equity Partnership

Previously announced partnership with Providence Equity Partners completed

PHOENIX (May 16, 2019) – (GLOBENEWSWIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced that it has closed its previously announced partnership with Providence Equity Partners L.L.C. and its affiliates as its new equity partner. Providence has acquired 100% of GlobalTranz from The Jordan Company, L.P. (TJC).

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S. 

About Providence Equity Partners

Providence is a premier global asset management firm with approximately $40 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

Your business is growing, and so are the demands being placed on your transportation. You’ve made it this far with a creative use of spreadsheets, endless hours on the phone with dispatchers, drivers, and customers. Maybe you’ve started to notice that little details are starting to slip through the cracks, and you are not meeting your customers’ expectations. If it seems harder to stay on top of it all, maybe it’s time you considered implementing a Transportation Management System (TMS). 

 Here are some telltale signs that the time is right: 

  1. Lack of Visibility: Do you know where all your shipments are at any given time? Do you have visibility to all the data and key metrics associated with those shipments? If you are a shipper operating without a TMS, the answer to these questions is likely “no.” As customer demands evolve, shippers are increasingly demanding real-time visibility to their shipments. Implementing a TMS can help provide you with visibility, and also provides you with the real-time information you need to keep your customers apprised of their shipment’s ETA. Chances are, when it comes to your transportation spend, you are leaving money on the table and missing opportunities to create efficiencies in your transportation network. A TMS can capture data to help analyze your spend and identify areas for operational and process improvement. 
  2. Growth: Your business is growing! That’s great news, right? It is if you are equipped to properly manage that growth. As your business grows, the volume and complexity of your transportation needs grow accordingly. This becomes even more acute as you onboard new customers. For example, major retailers like Walmart, Target, and Costco have strict retail compliance policies that can result in major fines for missed deliveries. A TMS will help you stay on top of your shipments and help you spot and address potential issues before they become costly mistakes.  
  3. Acquisitions: Acquisition activity is a common trigger for TMS implementation, as shippers are suddenly faced with the conundrum of integrating disparate systems (or finding a new solution when no system exists at all). If your business lacks a TMS, and you are eyeing acquisitions, consider adding a TMS to your integration plan. 
  4. Understanding Costs: Let’s face it- not all customers are created equal. Delivering a full truckload to a distribution center where the shipment can be easily unloaded via a shipping and receiving dock is a far cry from a scenario in which the driver must find parking in a busy urban area, unload the shipment, and then deliver it into a high-rise building. As such, your true cost to serve these different customers will vary. A TMS allows you to address this disparity in a systematic way, ensuring that you are not losing money while you work so hard to delight your customers. 
  5. New Facilities: As you grow, you may find it necessary to open a new warehouse facility that will allow you to better service your growing customer base. Again, a TMS can be a real advantage. For example, a TMS collects your shipment data in a central location, providing you with a wealth of information you can analyze in order to determine where to situate your new facility. Second, once it is up and running, a TMS facilitates communication between your locations, ensuring your team, no matter where they are located, is always on the same page. In addition, a TMS can help ensure that policies and procedures are being implemented and adhered to across your growing operation. 
  6. Competitors: If the reasons above aren’t enough, consider the fact that your competitors are likely looking to implement a TMS and benefit from the enhanced visibility, improved service, and lowered transportation costs that often result.  

Whether you choose to implement a TMS yourself, or with the help of a 3PL or Managed Transportation Services partner, the team at GlobalTranz is ready to assist you. If future growth is part of your plan, and it undoubtedly is, there is never going to be a better time than right now to start seriously considering a TMS. Your future self will thank you. 

Learn how you can manage your supply chain and logistics operations with advanced TMS technology. Call 866-275-1407 or get a demo.

How To Maximize the Value of Your Managed Transportation Services Partnership

Managed Transportation Services (MTS) are being increasingly embraced by shippers. While there are many articles and case studies extolling the reasons why shippers choose to implement an MTS partnership, there are few resources that share how shippers can partner with their MTS provider to get the most value out of the relationship.

According to Ross Spanier, GlobalTranz’s Sr. VP of Sales and Solutions, “I have seen firsthand how organizations that focus on the ‘how’ as much as the ‘why’ often experience greater success right out of the gate.”

What are some of the best practices that drive this success? Please read this article in Logistics Viewpoints to learn more.

 

GlobalTranz Named Inbound Logistics Top 100 Logistics IT Provider for 2019

PHOENIX (May 6, 2019) (GLOBE NEWSIRE) GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, has been selected as a Top 100 Logistics IT Provider for 2019 by Inbound Logistics.

GlobalTranz has built a market-leading logistics software suite, which includes a broad array of tools for shippers, carriers, and logistics service providers, and is pioneering the use of new technologies to create supply chain efficiencies. Earlier this year, the company released GTZcommand™, a next generation Transportation Management System offering customers automated digital freight matching, real-time supply chain visibility, analytics and a host of other new features.

“The recognition as a top logistics IT provider by Inbound Logistics is a testament to the strength of our technology, and we’re honored to be selected,” said Greg Carter, chief technology officer of GlobalTranz. “Shippers are under enormous pressure to create new efficiencies, automate processes and transform their supply chains. We understand the new market dynamics and with technology at the forefront of every solution, we empower our customers to drive new business value.”

Every year, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. Using questionnaires, personal interviews, and other research, Inbound Logistics selects the Top 100 Logistics IT Providers who are leading the way in 2019. Editors seek to match their audience’s fast-changing needs to the capabilities of those companies selected. All companies selected reflect leadership by answering the Inbound Logistics audience’s needs for scalability, simplicity, fast ROI, and ease of implementation. This year, GlobalTranz was selected among a pool of more than 300 candidates.

“As business leaders struggle to balance the need for advance planning against the demands for supply chain agility, fewer inventory touches, and managing the complexity of omni-channel and e-commerce distribution regimes, GlobalTranz continues to provide solutions to help meet those challenges,” said Felecia Stratton, editor, Inbound Logistics. “We are proud to honor GlobalTranz for innovative solutions empowering logistics and supply chain excellence in 2019.”

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

How to Choose a 3PL That Will Meet Your Company’s Needs

As supply chain and logistics management have become more complex, large and small corporations turn to specialized 3PLs to help bridge these widening complexity gaps. Research from the past few years has revealed that up to 90 percent of companies find value in 3PLs for their access to capacity, technology and innovative ways to improve logistics effectiveness and drive customer service levels.

Additionally, says GlobalTranz’s Ross Spanier, C-level leaders looking to save on logistics and supply chain operations are realizing it’s more profitable for them to focus on improving their company’s competencies and outsource day-to-day logistics and transportation needs. But how do you find the right 3PL that meets your needs and what should you look for? Prior to your 3PL research, know exactly what you want with a logistics partner. Prioritize your essential needs before you go “shopping.” To get started, here are five factors to help you choose the right 3PL.

5 Factors to Consider When Choosing a 3PL

  1. A Strong Goal Orientation: Choose a 3PL that is good at establishing key performance indicators (KPIs) for your logistics operations and tracks them obsessively. Essential KPIs include on-time pickup, on-time delivery, tender acceptance or rejection percentages.
  2. Broad Capabilities: It’s natural that larger 3PLs offer you a broader range of capabilities along with “deeper pockets” for investing in future technology advances. Inventory the capabilities of each 3PL you consider to make sure they offer the modes, carrier network and TMS technology you need. Also, does the company have a great support team that you’ll interact with daily? Can you reach them at all hours of the day? Is customer service considered an important corporate value?
  3. Performance History: Study the company’s history of on-time pickups, on-time deliveries, tender acceptances or rejection percentages. What they’ve done for other companies is a window into how they’ll perform for you. Ask for customer references and testimonials.
  4. Reliable, Advanced Technology: Technology is the ultimate competitive differentiator. The best 3PLs leverage cutting-edge technology such as artificial intelligence and predictive analytics that are integral to the 3PL’s TMS. As the linchpin of your logistics operations, make sure the 3PL you consider offers a world-class TMS. Any TMS you choose should mix well with your existing ERP, WMS (warehouse management system) and other business systems. always Request a demo of the 3PL’s TMS capabilities.
  5. Financial History: Look closely at the company’s financials. Does the company demonstrate a strong growth history? Will they be around five years from now? How much money do they invest in technology and acquisitions? Can they grow as you grow?

Connect with an expert to see how GlobalTranz fares against your 3PL checklist.

GlobalTranz Chief Legal Officer Named President of Transportation Lawyers Association  

AUSTIN, Texas, May 03, 2019 (GLOBE NEWSWIRE) — GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced that Jeff Simmons, Chief Legal Officer, will assume the role of president of the prestigious Transportation Lawyers Association (TLA).

TLA is an independent bar association comprised of in-house, government and private practice attorneys, and has been at the forefront of educating transportation attorneys for more than 75 years. Its members assist providers and commercial users of domestic and international logistics and transportation services, in all modes. Simmons will officially assume the role at the conclusion of TLA’s annual conference, taking place May 1-4, 2019 in Austin, Texas.

Simmons’ work has been integral to GlobalTranz’s record growth and impressive acquisition strategy, as the company recently selected a new equity partner and made nine acquisitions since 2017. As Chief Legal Officer, Simmons facilitates the legal aspects of the company’s rapid expansion. He specializes in M&A, regulatory, licensing, intellectual property, litigation, and capital matters.

“Jeff has decades of experience and has been an incredible leader as we continue to evolve our business,” said Renee Krug, CEO, GlobalTranz. “His contributions to GlobalTranz, the transportation industry, and to the broader legal community have been invaluable, and we’re thrilled to congratulate him on this well-deserved recognition.”

Simmons is an experienced attorney spending 30 years in private practice. Prior to joining GlobalTranz, he was Partner at the national law firm Lewis Brisbois Bisgaard & Smith, LLP. Simmons received his bachelor’s degree in Government from Georgetown University and his Juris Doctorate from the University of Arizona, James E. Rogers College of Law.

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 100 Logistics IT Provider for 2019 and Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

GlobalTranz CEO to Share Mergers and Acquisitions Expertise at Major FReight Technology Event   

ATLANTA, May 02, 2019 (GLOBE NEWSWIRE) — GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today announced chief executive officer Renee Krug will discuss mergers and acquisitions (M&A) at Transparency19 on May 6 in Atlanta, GA.

Krug has been selected to participate in a Transparency19 CEO M&A panel due to her track record of completing successful acquisitions. In 2019 alone, Krug has facilitated the selection of a new equity partner for GlobalTranz, coordinated the acquisition of Circle 8 Logistics, and announced record 2018 earnings for the company. Under the leadership of Krug and GlobalTranz’s executive chairman, Bob Farrell, GlobalTranz has racked up nine acquisitions since 2017. Joining Krug on the panel are Mark Yeager, chief executive officer of Redwood Logistics and Doug Waggoner, chief executive officer of Echo Global Logistics. The panel will be moderated by John Larkin, managing director of Investment Banking Transportation and Logistics for Stifel.

Transparency19, presented by FreightWaves, is the hottest freight technology event in the industry and will focus on disruption and digitization in freight innovations. Industry luminaries with backgrounds in logistics, supply chain, blockchain, IoT, telematics and data optimization will exchange market insights at the conference in Atlanta, GA, from May 6-8. Krug will share her M&A expertise on a panel on May 6 at 9:50 a.m. ET.

“This event is all about how businesses can evolve to stay on the leading edge of innovation, which is something that has been central to GlobalTranz’s success,” said Krug. “I am honored to share my insights on successful M&A strategy alongside my peers.”

Ranked the 8th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving strong results with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative solutions and superior customer service delivered by the best people in the industry.

For more information on GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

About GlobalTranz  

GlobalTranz is a technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics software and services market in innovative technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in real-time. Leveraging its extensive independent agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 1 million product users and 25,000 shippers. In 2019, Transport Topics named GlobalTranz #8 on their list of Top 10 largest freight brokerage firms in the U.S.  

MEDIA CONTACT: 
Nick Fryer 
Director of Public Relations & Content Marketing 
224-515-7383 
nicholas.fryer@globaltranz.com  

Tips for Selecting a Warehousing and Fulfillment Partner

Shippers know that competing in today’s business environment demands more agility than ever. Changing consumer demands are putting pressure on supply chains, triggering shippers to shift their approach to both warehousing and transportation. Rather than relying on full truckloads delivering into regional DC’s, shipperare relying on more frequent less-than-truckload (LTL) shipments, originating from a larger number of warehouses (or even retail locations) located as close to the consumer as possible. 

This shift has caused ripples throughout the supply chain, driving changing expectations in the B2B space as well. Competition for customers is intense, transportation costs require constant vigilance, and growth is often hard-won. Even when you are winning, effectively managing and sustaining that growth is a real challenge. 

Simply put, selecting your warehouse location(s), and a partner to help manage your warehousing and fulfillment needs, is one of the most important decisions you can make for sustaining the health of your business. Here are a few tips for selecting the right partner for your current needs- and your needs in the future. 

To discuss your warehousing and fulfillment challenges with our expert team, contact GlobalTranz at learnmore@globaltranz.com.

There’s no doubt that a state-of-the-art transportation management system (TMS) has a proven ROI. According to ARC Advisory Group research, TMS users can save an average of 5–10 percent of their freight spend. Once more, as TMS prices have decreased over time—while capabilities have increased—just about any size business can now afford to employ the technology. 

 TMS platforms are more affordable and accessible than ever due to technology advances and the growth of cloud applications. At one time, the TMS was only accessible to the largest businesses and budgets, and it’s main capabilities were tracking and basic rate and customer management functions. Now, modern TMS systems encompass all aspects of the supply chain, from the time the order is placed until invoicing, and every step in between.  

Top 7 TMS Benefits 

Companies that use a TMS value these main benefits, highlighted in the article, “Making the case for TMS implementation” by FreightWaves. 

But if you’re in the market for a TMS, what features and capabilities do you need? Below, we share the top seven capabilities you should expect when selecting your company’s TMS: 

Top 7 TMS Capabilities 

  1. Back-office integration: The TMS should integrate easily with back-office systems like ERP, (enterprise resource planning)warehouse management and order management software. 
  2. Supports all transportation modes: Ensure the TMS enables sourcing, procurement, planning, execution, visibility, performance management and settlement across multiple shipping modes, like LTLtruckload, intermodal and expedite. 
  3. Secure and reliable: You can’t afford any downtime, so choose a highly secure TMS that will protect you from data breaches and outages. Additionally, whether your TMS is cloud-based or installed on company computers, make sure it offers robust backup capabilities. 
  4. Analytics and visibility: Choose a TMS that provides visibility into the shipping process and can generate all the reports you need to measure key performance indicators and network efficiency. Machine learning capabilities and features give TMS platforms the ability to use collected data, combine it with real-time reporting and analytics, and provide recommendations that drive savings.  
  5. Adaptable and agile: Companies are continually evolving their TMS capabilities. An open architecture design allows you to upgrade to new features and enhancements anytime. A TMS should also have easytouse rules engines, configuration capabilities and workflow management that doesn’t require in-house IT resources. 
  6. Easy to use: Choose a TMS that’s easy to use, configure and maintain. Systems with an exceptional user interface have lower lifetime ownership costs because they demand fewer internal resources to setup, operate and maintain. Also, look to your TMS vendor to provide essential engineering services when needed.  
  7. Connects with all carriers: There are thousands of carriers in the country operating tens of thousands of assets. Ensure that your TMS can connect with a large network of national, regional or local asset providers to book, track and analyze all your shipments with one system. Your TMS should also help you improve your processes for onboarding any new carrier or provider. 

The Modern TMS: More Powerful, Affordable Than Ever 

 Improvements to TMS software over the past few years have brought us to a state where the systems are more powerful than ever, yet there’s an affordable option for any company wishing to take the plunge. When selecting a TMS, take enough time to explore your options and find a system that fits your company’s needs today, and expansion capacity for tomorrow. 

Drive efficiency into your supply chain. Get a Demo of the GTZ TMS Platform.