PHOENIX (Feb. 12, 2018) — (BUSINESS WIRE) — GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today reported a fourth-quarter revenue increase of 67 percent and earnings growth of 62 percent year over year. Closing out 2017 with total revenue gains of 55 percent and earnings growth of 42 percent, GlobalTranz continues to outpace many competitors in the industry.
The company’s ongoing success is driven by organic growth, strategic acquisitions and exceptional performance of transactional and managed transportation. Approximately half of the company’s 2017 revenue growth was organic, while the remainder was achieved through strategic acquisitions.
“For the second year in a row, GlobalTranz has achieved record growth and profitability,” said Bob Farrell, chairman and CEO. “Our exceptional performance in volatile market conditions can be attributed to the power of our technology, the strength of our go-to-market model, and our expansive suite of multi-modal logistics solutions. As logistics increasingly becomes digitized, we are pioneering the use of new technologies like AI and Predictive Analytics to add value for shippers and carriers, and drive market leadership in the industry.”
2017 Company Highlights
“We are pleased to announce record year over year results,” said Renee Krug, CFO. “Our commitment to meet customers’ evolving logistics needs with our innovative technology and expanded service offering is having a positive impact on our financial performance. We will continue to invest in bringing industry-leading solutions to market that add value for our customers and drive efficiencies into their supply chains.”
In addition to the company’s financial success, GlobalTranz was recognized in 2017 for its innovation, growth and leadership.
2017 Industry Accolades and Awards
The company’s growth is expected to continue throughout 2018. “Increasing our national footprint through organic growth and acquisitions contributed to our 2017 success,” said Farrell, “In 2018, strategic mergers and acquisitions will continue to play a key role in expanding our capabilities, market share, and supplementing our organic growth as our revenue exceeds $1 billion.”
GlobalTranz continued to establish new corporate citizenship initiatives, actively supporting the communities it serves.
2017 Corporate Citizenship Initiatives
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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 2017, Transport Topics ranked GlobalTranz as the 13th largest freight brokerage firm in the U.S.
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