PHOENIX – August 15, 2018 – (BUSINESS WIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced it has acquired SynchOne, LLC, a Greensboro, North Carolina-based freight brokerage and logistics company. The acquisition demonstrates GlobalTranz’s continued execution of its strategy to drive market leadership through both strong organic and acquired growth.
SynchOne is the LTL (less-than-truckload) 3PL solutions business of Synchrogistics. SynchOne has significant freight management expertise and best practices that help improve operational excellence. SynchOne’s ability to build strategic relationships and provide exceptional customer service makes it a valuable addition to GlobalTranz.
“SynchOne has worked with GlobalTranz as a freight agent for over 7 years. We have leveraged GlobalTranz’s technology to help drive valuable solutions for our customers” said Bill Jackson, founder of SynchOne. “We are excited to make our LTL solutions business part of GlobalTranz and look forward to helping drive company growth.”
“We are excited to make SynchOne part of GlobalTranz,” said Bob Farrell, chairman and chief executive officer at GlobalTranz. “The team at SynchOne has built solutions for their customers that drive operative and competitive advantages. We look forward to directly continuing their strong customer service focus and use of deep industry knowledge to accelerate our company’s growth.”
GlobalTranz announced its 2018 Q2 Earnings on July 25, 2018; reporting record revenue and profit growth as a result of the company’s market leading ability to implement technology-driven sophisticated logistics and transportation solutions.
SynchOne is GlobalTranz’s sixth acquisition since January 2017, expanding its footprint and capabilities with Dallas-based AJR Transportation, Salt Lake City-based Apex Logistics Group, Milwaukee-based Global Freight Source, Minneapolis-based Logistics Planning Services, and Richmond-based Worthington Logistics.
SynchOne is a privately-held, Greensboro-based freight brokerage solutions provider specializing in LTL shipping. SynchOne provides shippers of all sizes value-added services and technology that drives efficiency, reliability and cost savings for their businesses.
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. Transport Topics ranked GlobalTranz the 10th largest freight brokerage firm in the U.S. for 2018.