Loading

GlobalTranz Reports Record Growth in 2018

Net revenues increase 63% with a 150% jump in profitability

PHOENIX (January 28, 2019) — (GLOBENEWSIRE) 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 reported fourth quarter 2018 and full year 2018 earnings. In the fourth quarter of 2018, GlobalTranz reported a revenue increase of 53 percent, net revenue increase of 58 percent and EBITDA growth of 127 percent year-over-year.

For the full year, GlobalTranz reported $1.4 billion in revenue, representing 62 percent growth year-over-year, a net revenue increase of 63 percent, and EBITDA growth of 150 percent.

New customers, trail-blazing acquisitions, continued organic expansion of existing customer relationships, growth in users of the company’s advanced end-to-end enterprise logistics platform, and strong performance of transactional and managed transportation solutions drove the company’s fourth quarter and full year results.

“2018 was a record year for GlobalTranz, but we are just getting started,” said Renee Krug, GlobalTranz’s CEO. “Our sustained organic growth, strategic acquisitions, and the continued release of new technology products will allow us to continue to outpace many of our competitors in customer expansion, financial growth and advanced technology leadership in 2019. These are exciting times for GlobalTranz.”

GlobalTranz’s earnings announcement closes out a banner year for the company, one which was marked by a variety of highlights:

“We could not be prouder of the accomplishments of the GlobalTranz team, and we expect 2019 to be a year of continued success as we continue to deliver enhanced technology, services, and solutions to help our shipper customers realize operational and competitive advantages that allow them to achieve their goals in 2019,” said Bob Farrell, executive chairman of GlobalTranz.

For more information, visit permissible-script.flywheelsites.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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

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

GlobalTranz Announces 2018 Agent and Carrier Award Winners 

PHOENIX – (January 24, 2019) –  (GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, named its 2018 Agent and Carrier Award recipients last week during the annual GlobalTranz Freight Agent Conference at Pointe Hilton Squaw Peak Resort in Phoenix. 

The annual awards dinner and ceremony included a record number of attendees and award honorees. GlobalTranz presented its top agents with awards based on financial performance, customer service metrics and for recognition of special excellence. Carriers and service providers received awards based on overall operational excellence and customer service, price competitiveness and flexibility, strategic partnerships and market leadership, technology innovation, and new service offerings. 

“Agents, carriers, and service providers are critical to the continued success of GlobalTranz,” said CEO Renee Krug. “As our shipper customers respond to evolving customer demands, increased competition, and capacity challenges, it is imperative that our agents, carriers, and providers deliver the solutions, services, and technology our customers need to succeed. We are proud to honor their achievements.” 

GlobalTranz recognized the following carriers and service providers for their commitment to excellence in 2018: 

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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz Executive Chairman Bob Farrell to Speak at Two Industry Events

PHOENIX, Jan. 23, 2019 —  (GLOBENEWSIRE) 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, announced today that Bob Farrell, executive chairman of GlobalTranz, will share his expertise with attendees at two supply chain conferences this month. At BG Strategic Advisors Supply Chain Conference, Farrell will speak on the panel, “Dealmaking in the Supply Chain Market: Who is Winning and How?” on January 24th, and is slated to speak on the panel “E-commerce And The Changing Freight Landscape,” at SMC3’s Jump Start 2019 on January 28th.

BG Strategic Advisors Supply Chain Conference, known as “the industry’s only CEO-level conference focused on all segments of the supply chain,” will focus on the newest supply chain technologies, the voice of the customer and what to look forward to within the industry.

Taking place in Atlanta, GA, SMC3’s Jump Start 2019, known as “the definitive supply chain gathering,” has a strong focus on networking with professionals across all verticals.

“I always enjoy sharing ideas with fellow technology and logistics leaders,” said Farrell. “I look forward to exploring two important trends that are shaping our industry: M&A, and the continuing impact of e-commerce. GlobalTranz has considerable experience in both areas, and I anticipate a lively conversation.”

Farrell’s speaking engagements come on the heels of the company’s recent release of the new GTZcommand™ TMS and continued stellar growth, including eight acquisitions since January 2017 Ranked the 10th 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.

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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz Releases “Next Generation” Transportation Management System 

GTZcommand™ delivers new innovation and advanced features and functionality  

PHOENIX – (January 17, 2019) – (GLOBENEWSIRE) 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, announced today during its 2019 annual conference the release of the next generation of GTZcommand. This release builds on GlobalTranz’s history of supplying advanced software and services to monitor and manage logistics operations and transportation networks. GTZcommand offers comprehensive functionality, including:  

“GTZcommand is multimodal, multi-vendor, and multi-currency, and takes a holistic view of our client’s shipments as individual movements, independent of mode.  Our customers view logistics and transportation as a strategic imperative. Our software and solutions provide our customers with competitive and operative advantages. We make complex movements simple,” said Greg Carter, chief technology officer at GlobalTranz. 

GTZcommand also boasts mobile optimized design, enhanced product security, “always up” durability, and API compatibility for seamless integration with enterprise systems, pricing engines, and more. 

GTZcommand is part of the comprehensive GTZconnect™ software suite, which includes a broad array of tools for shippers, carriers, and logistics service providers. This announcement follows GlobalTranz’s record third quarter 2018 revenues, continued strategic acquisitions, and a wave of industry accolades. 

“Since our founding in 2003, GlobalTranz has maintained a steady focus on developing industry-leading technology to serve the needs of shippers, carriers, and logistics service providers.  As a technology company, we are focused on continually improving the user experience through significant product innovation,” said Renee Krug, GlobalTranz’s chief executive officer. “GlobalTranz will continue to deliver solutions that shippers need to thrive in today’s changing market, including predictive analytics, machine learning, and automation.” 

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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz Announces the Acquisition of Our Freight Guy

PHOENIX (January 16, 2019) — (GLOBENEWSIREGlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that it has acquired Our Freight Guy, a Riverside California-based freight brokerage and logistics company. The acquisition further solidifies GlobalTranz’s position as a top freight brokerage firm and validates the continued strength of the freight agent business model.

Our Freight Guy is a service-driven logistics solutions company that leverages technology to create success for its customers. It has been an agent of GlobalTranz since 2013. The company brings freight management expertise and best practices that can be leveraged across the GlobalTranz network. The company’s ability to build strategic relationships and provide exceptional customer service makes it a valuable addition to GlobalTranz. Our Freight Guy’s Riverside location will become a GlobalTranz branch office.

“We have worked with GlobalTranz as a freight agent for over five years. The industry-leading GlobalTranz technology platform combined with its back-office support have helped us grow tremendously while providing significant value to our customers,” said Andrew Roth, CEO and co-owner of Our Freight Guy. “We are thrilled to become part of GlobalTranz and look forward to helping drive continued growth and customer success.”

“Andrew and the team at Our Freight Guy have a deep knowledge of the industry, a strong customer service focus and the ability to leverage technology which will continue to help accelerate our company’s growth and expansion. We’re excited to have this team on board,” said Renee Krug, chief executive officer at GlobalTranz.

GlobalTranz has delivered strong growth both organically and through transformative M&A. Our Freight Guy is GlobalTranz’s 8th acquisition since January 2017. Ranked the 10th largest freight brokerage in the US by Transport Topics and voted an Inbound Logistics Top 10 3PL for 2018, GlobalTranz is driving stellar 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, visit permissible-script.flywheelsites.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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz Kicks Off New Year with Anticipated Record Attendance at 2019 Annual Freight Agent Conference

PHOENIX – (January 10, 2019) – (GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology company that provides award-winning cloud-based multi-modal Transportation Management System (TMS) products, freight management services and solutions to shippers, carriers, 3PLs, and brokers will host its annual Freight Agent Conference January 16-17 at the Pointe Hilton Squaw Peak Resort. This year’s conference is expected to draw a record number of attendees.  

The 2019 GlobalTranz Freight Agent Conference brings attendees and industry experts together to discuss and collaborate on industry best practices, new freight and logistics technologies, and in-depth analysis of the current and future state of the logistics industry. 

“As GlobalTranz continues its unprecedented growth, our agent network continues to grow as well. Our annual Agent Conference is the premier event for our highly valued agent community to come together and benefit from top-notch content, valuable networking, and more,” said Renee Krug, CEO of GlobalTranz. 

Highlights of the 2019 conference include: 

This year’s GlobalTranz Agent Conference is generously sponsored by:

To download the conference app, please search for “GTZCon2019” on the Apple App Store and the Google Play Store. Stay informed during the conference by following the conversations on LinkedIn and Twitter using #GTZcon2019. 

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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz appoints Eric Kirchner to its Board of Directors

PHOENIX (January 9, 2019) —(GLOBENEWSIRE) GlobalTranz Enterprises, Inc., a leading technology company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, 3PLs, brokers, and carriers, today announced that it has appointed Eric Kirchner to its Board of Directors.

Kirchner is a principal advisor to transportation, logistics, distribution and supply chain technology firms.  From 2009 through 2014, he was the chief executive officer of UTi Worldwide Inc. (UTIW), a global $4.5B asset-light supply chain management company with 21,000 employees and operations in 59 countries.

“I am excited to join the GlobalTranz Board,” said Kirchner. “GlobalTranz’s outstanding growth and technology innovations have positioned the company as a market leader. I look forward to leveraging my experience to help the company in the next phases of its evolution.”

Earlier in his career, Kirchner held various senior roles at United Parcel Service (UPS) Supply Chain Solutions, ultimately serving as president of freight forwarding. He also served as chief operating officer of Menlo Worldwide Forwarding. “Eric brings a wealth of experience to the GlobalTranz Board,” said Bob Farrell, executive chairman of GlobalTranz. “His multi-modal and international expertise along with his strong network will help GlobalTranz continue developing strong strategic directions.”

GlobalTranz has delivered strong growth both organically and through transformative M&A. The company is ranked the 10th largest freight brokerage in the US by Transport Topics and was voted an Inbound Logistics Top 10 3PL for 2018. The company is well positioned for 2019 with its continued technology innovation, network of 34,000+ carriers and the best people in the industry.

“2019 will be yet another year of strong growth for GlobalTranz,” said Renee Krug, chief executive officer of GlobalTranz. “Having someone of Eric’s caliber on our board improves our ability to create strategies that keep us on top of the market. I am thrilled to have Eric join our board.”

For more information, visit permissible-script.flywheelsites.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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz names Renee Krug new CEO, Bob Farrell to transition to executive chairman, Lara Stell appointed CFO

PHOENIX (December 14, 2018)  (BUSINESS WIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that effective January 1, 2019 it has named Renee Krug as its new CEO and member of the company’s board of directors. Bob Farrell, GlobalTranz’s current CEO, was named executive chairman. Krug joined GlobalTranz as CFO in October of 2014. Additionally, the company announced the promotion of Lara Stell to CFO.

“Renee has been instrumental in helping drive GlobalTranz’s record growth and position as a market leading transportation management solutions and technology company,” said Farrell, chairman and CEO of GlobalTranz. “She brings tremendous leadership skills, domain knowledge and multi-discipline experience that will drive GlobalTranz to new heights in the future.”

Prior to being named CFO of GlobalTranz, Krug was CFO of Clear Channel Outdoor and VP of finance at Swift Transportation. Earlier in her career, she held a variety of leadership roles at Honeywell in technology, operations, sales and Six Sigma process improvement. Since she joined GlobalTranz, the company has grown revenue 36.1% CAGR and EBITDA 87.6% CAGR, closed seven acquisitions and became the 10th largest freight brokerage in the US by Transport Topics.

“I am excited to be part of the continued evolution of the GlobalTranz leadership structure,” said Krug, CFO of GlobalTranz. “The collective and collaborative hard work by everyone in the GlobalTranz community has positioned the company well for the future. I look forward to building on our current success and driving new advances in our technology, providing innovative solutions to our customers, fostering strong carrier partnerships and providing the best work environment for our incredible freight agents and employees.”

Stell joined GlobalTranz as VP of finance in October of 2014. Stell brings to GlobalTranz a diverse background in accounting, finance, planning and operations. Prior to GlobalTranz, she worked with Krug at Swift Transportation and Clear Channel Outdoor. Earlier in her career she was an audit professional at PwC .

“Lara has provided extraordinary leadership in our finance organization over the last four years,” said Krug. “Her ability to support the various functions of the company with actionable visibility on operations and results is unmatched. Lara empowers our management with the tools they need to maximize growth and create shareholder value.”

“I am honored to be appointed the CFO of GlobalTranz,” said Stell. “I look forward to working with the team to create ongoing improvements in planning and financial management that aid strong execution and support outsized growth both organically and through acquisitions.”

Earlier this year, The Jordan Company, L.P. (TJC) with certain management acquired 100% of GlobalTranz from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, Susquehanna Growth Equity, Volition Capital, Savano Capital Partners, and other investors to become the company’s new equity partner.

“We are very excited by GlobalTranz’s progress in the short time since our investment in the company in June 2018,” said Brian Higgins, senior partner, The Jordan Company. “Critical to our long-term success is the ongoing build-out of talented, empowered management teams. The promotions of Bob, Renee and Lara will facilitate continued growth in the business.”

For more information, visit permissible-script.flywheelsites.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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

About The Jordan Company, L.P.

TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation and Logistics, Healthcare and Consumer, and Telecom, Technology and Utility. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, NY, TJC also has an office in Chicago, IL.

MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com

GlobalTranz and Impact Diversity Accepted into U.S. Small Business Administration’s All Small Mentor-Protégé Program
Joint Venture Gives GlobalTranz’s Clients One-Stop Access To Veteran- and Minority-Owned Small Business Partnerships

PHOENIX (December 13, 2018) – (GLOBE NEWSWIRE) GlobalTranz Enterprises, Inc., a leading technology-driven freight management solutions provider, and Impact Diversity Solutions Corporation (IDSC) have been approved and recognized by the U.S. Small Business Administration (SBA) through the All Small Mentor-Protégé program.

This joint venture gives GlobalTranz the ability to more efficiently serve customers with government contracts by providing one-stop access to a single entity that is classified as a Service Disabled Veteran Owned Small Business (SDVOSB), a Veteran Owned Small Business, a Small Business, and a Disadvantaged Minority Owned Small Business located in a Historically Underutilized Business Zone (HUBZone).

“We believe that when we support businesses such as Impact Diversity, it benefits everyone involved,” said Bob Farrell, CEO of GlobalTranz. “Satisfying diversity requirements through a single entity like GlobalTranz is more efficient for shippers. This streamlined access is great for the community, our customers, our partners, and our company’s long-term industry leadership.”

The designation allows GlobalTranz and IDSC to jointly pursue opportunities that will drive sustainable growth and create jobs for both organizations. This news comes on the heels of GlobalTranz’s record third quarter revenues, continued acquisition streak, and a wave of industry accolades.

“Impact Diversity appreciates GlobalTranz’s support and partnership and commitment to supporting the SBA’s All Small Mentor-Protégé program,” said Charles Brown, President and Co-Founder of Impact Diversity Solutions Corporation. “Through this joint venture, Impact Diversity will be able to leverage the proprietary technology, expertise, and deep resources of GlobalTranz to better serve our customers.”

For more information about GlobalTranz, visit permissible-script.flywheelsites.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 2018, Transport Topics named GlobalTranz a Top 10 largest freight brokerage firm in the U.S.

About Impact Diversity Solutions Corporation

Founded in 2009 by Charles Brown and Tim Johnson, Impact Diversity Solutions Corporation (IDSC) is a courier and logistics management company which leverages its capabilities to reliably expedite virtually any volume of freight parcels, etc. worldwide on very attractive terms. IDSC enjoys volume discounts, cutting-edge technology and the critical mass to competently execute very large contracts.

 MEDIA CONTACT:
Nick Fryer
224-515-7383
communications@globaltranz.com