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Transportation leaders today are faced with increasing buyer delivery demands, capacity challenges, government regulations, fluctuating rate markets and the overall digitization of supply chains. At the same time, they are pressured with managing day-to-day transportation processes, usually without specialized staff or an adequate number of internal resources, while trying to control or reduce transportation costs.

Many transportation leaders utilize freight brokers and logistics service providers to help them manage their transportation operations and access a network of providers. But transportation managers are increasingly hungry to take their logistics operations to the next level. They are looking for more consultative partnerships rather than transactional relationships in search of additional value-add. They’re looking for solutions that consider the unique nuances of their business, products and customers; solutions that drive efficiency and control costs, especially in today’s dynamic logistics market.

That’s where managed transportation services come into play.

Transactional Services vs. Managed Transportation Services

At a high level, managed transportation services include the outsourcing of all or part of a company’s internal logistics operations throughout the order-to-cash lifecycle. The typical asset-based or transactional-based logistics services provider relationship consists of a planner at the shipper telling the provider the mode, lane, and details about the shipment in search of cost or service fulfillment, then the provider executes that shipment.

In a managed transportation arrangement, the shipper’s planners are employed by the logistics services provider, who receives a feed or download of shipments from a shipper’s enterprise systems, performs all planning – rating, sourcing, consolidation, optimization, etc. – and then executes the loads.

Managed transportation service utilizes a consultative approach beginning with an in-depth discovery process and needs analysis to identify client business goals and define success measurement benchmarks. Based on a company’s specific supply chain needs, a customized transportation roadmap and design is developed, then executed by the logistics services provider. All operations – from rate negotiation to freight payment and auditing are outsourced to the logistics provider.

From the technology perspective, the foundation of a successfully managed transportation relationship is the integration of all applicable business systems based on client requirements, including ERP, WMS, order management and more. The higher the level of integration, the greater the opportunity for a logistics service provider to reduce a company’s manual efforts and increase their efficiency.

Managed transportation technology services include the combination of a leading edge TMS and business analytics to provide client stakeholders with a pulse on their business (i.e. KPI’s, self-service and custom reporting, heat maps, etc.). Additional optimization tools for network analysis and design are used to look at Macro level supply chain opportunities.

Managed transportation is truly an integration of people, processes and technology dedicated to shippers’ specific supply chain needs.

Consultative Relationship

With managed transportation services, a team of consultants will get to know your business from all aspects. They configure solutions to reflect your growth path or specific needs.

When one of the largest telecom providers asked GlobalTranz to help them transform their logistics function from a decentralized model to a centralized model, we helped them understand the current state of their supply chain and developed a customized multi-year roadmap toward a centralized function.

A true consultative managed transportation partner won’t pull a solution off the shelf or stuff your business into a box. They’ll develop custom solutions based on the maturity of your company’s supply chain function, freight spend, headcount, volumes, business goals and other considerations specific to your business. It’s truly a mutually beneficial partnership.

Look Beyond Rates

Given the tight capacity and rising rates in today’s market, it’s no wonder that shippers are looking for any way to drive down costs. Shippers are starting to realize they can’t buy transportation based on rates alone. Managed transportation services help drive efficiencies and best practices into supply chains to reduce costs over the long term.

Managed Transportation Services combined with advanced TMS technology help shippers make their logistics operations a competitive advantage. Shippers can utilize managed transportation partners for strategic planning, such as determining if their hub and spoke distribution model works, the most efficient location for a new distribution facility or where to source products based on total landed cost.

Do You Need Managed Transportation?

Growing complexity in the supply chain demands innovative and consultative approaches to logistics management. If you are a transportation leader looking to drive cost savings, efficiency and visibility, focus on your core competencies rather than logistics operations, and leverage logistics as a competitive advantage, it’s time to consider managed transportation services.

Learn how Managed Transportation services can drive overall cost savings and efficiency into your supply chain. Request a logistics and freight needs analysis: Call 855-444-6608 orContact Us.

GlobalTranz Executives Share Technology Trends and Future of Freight Insights at November Conferences
CEO Bob Farrell to Speak at MarketWaves18, CTO Greg Carter at ThoughtSpot Beyond 2018

PHOENIX (November 8, 2018) — GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announces two speaking engagements for CEO Bob Farrell and CTO Greg Carter.

Following an exceptional third quarter where GlobalTranz continued to outpace many of its competitors in customer expansion, financial growth, and advanced technology leadership, CEO Bob Farrell will share valuable insights at MarketWaves18 on November 12th in Grapevine, Texas, on the much anticipated “From Startup to Market Leader” panel. Farrell will provide attendees with learnings about how GlobalTranz has helped transform the transportation and logistics industry with its end-to-end logistics technology and sophisticated transportation solutions. He will discuss the company’s successful mergers and acquisitions strategy alongside organic expansion of new and existing customers, as well as provide insight into current and forward-looking industry and technology trends impacting the freight market.

“MarketWaves18 provides the opportunity for logistics professionals, thought leaders and technology visionaries to come together to share insights on how market developments and technology trends are paving the future of freight,” said Bob Farrell, chairman and CEO. “I’m looking forward to an interactive dialog on best practices for bringing disruptive technologies to market and scaling a company from startup to a mature and growing business.”

Farrell joined GlobalTranz in March of 2016. He has a track record of driving revenue and profit growth by creating competitive and operational advantages. Since taking on the role of chairman and CEO of GlobalTranz, Farrell has driven the advancement of the company’s multi-modal, multi-platform transportation management system and has led the company through seven acquisitions, most recently acquiring Chicago-based AFN Logistics.

CTO Greg Carter will also speak later this month at ThoughtSpot Beyond 2018 on November 15th in Washington D.C. Carter will bring his more than 25 years of product development and technology leadership to conference attendees in a panel titled, “CXO Perspective: Reaping the Rewards of Digital Transformation.” This panel will discuss how companies in any industry can reap the rewards of their technology investments to truly transform for the digital economy.

“GlobalTranz was an early proponent of leveraging advanced analytics technology to help businesses maximize logistics performance and drive competitive and operative advantages,” said Greg Carter, CTO. “I look forward to discussing analytics trends with other technology leaders and how businesses can capitalize on their most important asset: data.”

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 growth with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative products and superior customer service delivered by the best people in the industry.

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

About GlobalTranz

GlobalTranz is a technology and solutions company providing award-winning cloud-based multi-modal Transportation Management System (TMS) products to shippers, carriers, 3PLs and brokers. GlobalTranz is leading the logistics products and services market with innovative software 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:
Annie Graupner
612-229-4040
communications@globaltranz.com

The logistics and supply chain industry is complex. GlobalTranz is committed to helping businesses and logistics professionals stay knowledgeable and up-to-date on the market and logistics best practices. Every month, we’re sharing trends and news impacting the logistics and supply chain industry. Here are some of the top headlines from October.

Logistics Industry News

 

UPS Warns Shippers to Brace For Possible Freight Strike
UPS Freight workers rejected a tentative contract last month and are voting on an updated offer from the company November 9-11. A contract extension expires on Nov. 12, after which the 11,000 Teamsters members could go on strike.
Read More

US Truckload Shippers Prep for 2019 Rate Increases
Many analysts predict bullish freight markets through 2020. US truckload shippers that faced rising transportation rates in 2018 are preparing for another round — albeit a lighter one — of price increases in 2019. Many are reaching out to logistics providers about new and better solutions to secure capacity.
Read More

Transportation & Freight Markets

 

Driver Shortage Again Ranks No. 1 Industry Issue, HOS Ranks No. 2
For the second straight year, the trucking industry‘s top concern is a shortage of qualified truck drivers, according to the annual Top Industry Issues Report from the American Transportation Research Institute. Hours of service ranked second on the list, retaining its footing as one of the top issues for the trucking industry in seven out of the past eight years.
Read More

US Freight Rates Hitting Peaks Before Deceleration
US truck and intermodal rail volumes increased in 2018 and are near their peak levels of the year. Analysts reported that trade policy uncertainties involving US imports from China and NAFTA partners have front-loaded shipments into the US, which has created a noticeable increase in freight volumes for 2018.
Read More

Economy & Supply Chain

 

Consumer Confidence Hits 18-year High in October
According to CNBC, U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term.
Read More

Retailers Prepare for Make-Or-Break Holiday Peak Season

Retailers are optimistic about a busy holiday season. As we head into the make-or-break holiday peak shopping season, CBRE Group, Inc is reporting many companies will try to cap off a strong year by doubling down on strategies to draw online shoppers into stores.
Read More

Technology & Innovation

 

How Cutting-Edge Technologies are Impacting the Future of Logistics
In a 25-minute conversation with SiriusXM Business Radio, GlobalTranz CEO Bob Farrell shares how cutting-edge technologies and the ever-increasing sophistication of supply chains are profoundly influencing the future of logistics.
Listen Now

Shippers Turn to Technology for Sharper Supply Chain Visibility

Not long ago, supply chain visibility meant knowing where a shipment was a few hours ago. Now, with increased customer delivery demands and volatile freight markets, shippers are looking for real-time “dots on a map” updates, predictive ETAs and a holistic approach to visibility enabling them to make business decisions based on aggregated shipment data.
Read More

Regulation, Safety & Labor

 

ELD Impact Ten Months In
In March, 2018, one month prior to the ELD go-live, trucking companies were surveyed about their predictions on how ELDs will impact the freight industry. Ten months after the ELD Mandate went live, those companies were resurveyed to see how markets and perceptions have adjusted.
Read More

Regulatory Roundup: State of Trucking 2018
These are the top legislative, regulatory, administrative, and enforcement topics impacting the trucking industry at large.
Read More

Learn how to drive efficiencies and cost savings into your evolving supply chain.  Call 866-275-1407 or Contact Us.

 

PHOENIX – November 2, 2018 – (BUSINESS WIRE– GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced its General Counsel Jeff Simmons has been named a finalist for General Counsel of the Year by the Phoenix Business Journal C-Suite Awards.

The Phoenix Business Journal C-Suite Awards recognizes Phoenix’s top executives for their contribution and commitment to the community and their outstanding professional performance. Winners were announced at the second Annual C- Suite Awards Luncheon on Thursday, November 1st at the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch.

Simmons was recognized for his leadership in all aspects of the company’s legal matters, including corporate, M&A, regulatory, licensing, intellectual property, litigation, and capital matters. His work is pivotal to GlobalTranz’s expansion efforts and strategic acquisitions, which has contributed to the company’s record revenue and profitability growth.

“I am incredibly honored to be recognized for this award,” said Simmons, General Counsel at GlobalTranz. “The contributions of both my team, as well as GlobalTranz’s leadership team have been vital to the business’ success and I am proud to work beside these talented individuals.”

The leadership by Simmons has been integral in GlobalTranz’s seven strategic acquisitions since 2017, including  Chicago-based AFN Logistics, Greensboro-based SynchOne, LLC, Dallas-based AJR Transportation, Utah-based Apex Logistics, Richmond-based Worthington Logistics, Minneapolis-based Logistics Planning Services and Milwaukee-based  Global Freight Source.

Simmons brings 26 years of experience in the transportation industry representing motor, rail, ocean and air carriers as well as brokers, before courts, regulatory agencies and in-contract negotiations.

In addition to being named the 2018 General Counsel of the Year by Phoenix Business Journal, Simmons received the prestigious 2017 First Chair Award for Top General Counsel, has been named in the 2011 through 2016 editions of the Best Lawyers in America®, and in the 2015 and 2016 editions of the Southwest Super Lawyers® in the area of Transportation/Maritime Law. In 2014, he received the Transportation Lawyers Association’s Distinguished Service Award.

About GlobalTranz

GlobalTranz is a technology and solutions 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 with innovative products that optimize the efficiency of freight movement and match 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: 

Annie Graupner
612-229-4040
communications@globaltranz.com 

GlobalTranz CEO Bob Farrell Interviewed by SiriusXM Business Radio

In a 25-minute interview with SiriusXM Business Radio, GlobalTranz CEO Bob Farrell shares how cutting-edge technologies and the ever-increasing sophistication of supply chains are profoundly influencing the future of logistics. On the program “Work of Tomorrow,” radio host Christian Terwiesch explores industry and technology trends with GlobalTranz’s CEO.

Listen and learn more about what’s influencing the evolution of logistics in 2018 and beyond:

Listen Now

About SiriusXM Business Radio

SiriusXM Business Radio powered by the Wharton School is an exclusive 24/7 channel featuring easily accessible information on a wide range of business topics. Business Radio airs on SiriusXM Channel 132, available through the SiriusXM Internet Radio App on smartphones and other connected devices, as well as online at siriusxm.com.

GlobalTranz Named to Freight.Tech 100 List by FreightWaves
Recognized as one of the most innovative and disruptive companies in freight.

PHOENIX (October 30, 2018) – (BUSINESS WIRE) – GlobalTranz Enterprises, Inc., a leading technology-driven freight management solutions provider, has been named to the Freight.Tech 100 by Freight Waves, recognizing the most innovative and disruptive companies in logistics. Out of more than 500 companies nominated, GlobalTranz earned a spot on the list among other technology industry leaders like Amazon, Tesla and Waze. 

“We’re pleased to be named a Freight.Tech 100,” said Greg Carter, chief technology officer of GlobalTranz. “As logistics increasingly becomes automated, GlobalTranz is pioneering the use of new technologies to create efficiencies in supply chain operations. Our TMS platform is driving breakthrough innovation in capacity sourcing, digital freight matching, real-time visibility and predictive analytics. We’re honored to be included in this class of technology companies that are driving the future of freight and logistics, and we look forward to creating more positive impact on the industry.” 

FreightWaves is regarded as the leading technology and freight market source. The Freight.Tech 100 inaugural list recognizes the most innovative companies that are driving digitization and disruption in the freight and logistics industry. Nominations for the list were sought, and a panel chosen by the FreightWaves Research Institute narrowed the list of more than 500 nominations down to the top 100 companies.  

“The Freight.Tech 100 represents the most innovative companies across the freight industry, and took into consideration a number of factors including the amount of capital raised, various rankings and recognition to date, and their current impact,” commented Arlen Stark, FreightWaves’ EVP of Research. 

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

For more information on the Freight.Tech 100 list by FreightWaves, visit www.freightwaves.com/freighttech-100-companies 

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

MEDIA CONTACT: 

Annie Graupner
612-229-4040
communications@globaltranz.com 

As we’ve shared with you in a recent article, today’s freight landscape has been transformed into a carrier’s market. For the first time in many years, drivers and carriers find themselves in a position to choose which shippers they most want to work with, giving rise to the shipper of choice environment.

According to JOC.com (The Journal of Commerce), many carriers and drivers are collecting data that helps identify inefficiencies with shippers across the country. “Shippers might be surprised by how much data their trucking suppliers have on them: enough to pinpoint problems at specific docks across the country. That directly affects both the price of trucking for those shippers and whether they get a truck at all,” noted a recent article.

Driver feedback is being collected by both large and small carriers to monitor shipper inefficiencies and issues. To stay on the best terms with your carriers, shippers should be more vigilant than ever when managing dock operations and promoting driver accommodation.

Using a TMS to be a Shipper of Choice

Technology has become a perfect enabler to help shippers create more efficient collaboration with carriers. Here are 5 ways shippers can use an advanced TMS to become a preferred shipper.

  1. Faster payments – It’s important to pay your carriers quickly and accurately. Freightwaves.com suggests the best way to accomplish this is by using a TMS that integrates clean data between carriers and shippers. A strong TMS integration helps shippers and carriers quickly identify and resolve rate discrepancies and makes the payment process accurate and efficient for both parties.
  2. Integrated systems – Using EDI and APIs available through advanced TMS products, you can connect your systems with carriers to automate communication and eliminate the need to manually email and call back-and-forth for load updates, tracking and more. You’ll become easy to work with and drive operational efficiencies with carriers and drivers.
  3. Go paperless – For any given shipment, several pieces of paperwork are required. Using a TMS, you can eliminate the need to push paper back and forth and reduce manual entry for the carrier (and your company). According to a recent JOC.com article, 75% of LTL business is still done using paper BOLs, but moving to digital BOLs can greatly impact costs and efficiency for both carriers and shippers.
  4. Advanced appointment schedulingAdvanced TMS systems allow you to set-up facility hours so you only schedule pick-up and delivery only during warehouse operating times. This helps eliminate driver downtime and wasted time waiting at a loading dock.
  5. Use data to improve operations –  The best TMS products have business intelligence tools to help you identify trends and make decisions based on the data from all your shipments. A TMS shows you where the bottlenecks are occurring throughout your network, including accessorial charges, claim reports, detention time, and more, and enables you to make operational changes to better accommodate carriers. 

Read more tips for becoming a shipper of choice.

Looking for a TMS vendor that can position you as a shipper of choice? Call 866-275-1407 orGet a demo.

GlobalTranz Reports Continued Record Results in the Third Quarter
Net revenues increase 40% with a 120% increase in profitability

PHOENIX (October 23, 2018) — (BUSINESS WIRE) GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today reported a third-quarter revenue increase of 30 percent, net revenue increase of 40 percent and EBITDA growth of 120 percent year over year. GlobalTranz is on track to generate over $1.6 billion in revenue in 2018 and continues to outpace many of its competitors in customer expansion, financial growth, and advanced technology leadership.

Ongoing organic expansion of existing and new customers, 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 third-quarter results.

“Q3 was exceptional for GlobalTranz as we continued to deliver a measurable impact for our customers. These results reflect GlobalTranz’s commitment to providing market-leading end-to-end logistics technology, sophisticated transportation solutions and an expansive network of high-quality capacity,” said Bob Farrell, chairman and CEO. “We continue to make strategic investments and developments in our technology capabilities and services that help our customers achieve competitive and operative advantages.”

“GlobalTranz continues to gain momentum as a leading logistics technology and 3PL provider, as evidenced by another strong quarter,” said Renee Krug, CFO. “We continue to focus on automation and process improvements resulting in significant advances in our ability to service and satisfy our diverse customer base. ”

Third Quarter Company Highlights

The company remains confident that it will continue its strong growth throughout 2018. “We will continue to aggressively invest in industry-leading solutions as we strive for even higher levels of growth,” said Farrell, “We continue to increase our footprint through strong organic expansion and strategic mergers and acquisitions, which will continue to play a key role in our future growth.”

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 growth with 25,000+ customers through technology innovation, a network of 34,000+ carriers, transformative M&A, creative products and superior customer service delivered by the best people in the industry.

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

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. Transport Topics ranked GlobalTranz the 10th largest freight brokerage firm in the U.S. for 2018.

MEDIA CONTACT:

Annie Graupner
612-229-4040
communications@globaltranz.com

 

If you were to ask a group of transportation analysts where freight rates are heading, most would say higher. That’s not surprising, considering we’re riding one the “best global growth rates in seven years,” according to Logistics Management magazine. Many carriers, shippers and industry analysts associate increased costs with the driver shortage, ELD mandate and external factors that are out of one’s control. However, there are ways for shippers to control costs despite the dynamic market and rate volatility.  

Digitizing core logistics operations is one of the most effective methods for driving overall cost savings and efficiency. A recent JOC.com article discussed one component of the digital transformation in logistics noting the transition from paper to electronic BOLs has a, “far-reaching impact” on controlling LTL costs, yet the LTL industry still handles about, “75 percent of shipments using paper.”  

The key to digitizing core logistics operations, like adopting electronic BOLs, is effectively integrating your business systems with carriers and logistics service providers.  

4 Ways Integration Drives Cost Savings 

  1. Automate business processes – When you integrate your business systems with carrier and logistics service providers’ (LSP) systems, you create a powerful orchestra of real-time information exchange between carriers and your ERP, order management, WMS, back-office accounting, and more. This helps you reduce manual entry, improve accuracy and free your staff to focus more time on revenue-driving projects.  
  2. Increase visibility – When your systems are talking to carrier and LSP systems, businesses can see where shipments and capacity are in real-time. Tracking updates can be automated, giving end-customers full visibility into their orders and increasing customer experience levels.  
  3. Faster, better decisions – Integration enables businesses to access and aggregate big data from all your business systems. Apply analytics and business intelligence to data to cultivate pricing and revenue strategies that drive true competitive advantage. From a logistics standpoint, integration of information helps businesses make better carrier decisions, reduce unnecessary accessorial charges, forecast transportation spend and even help decide the best location for a distribution center.  
  4. Shipper of choice status – Integrating with carriers reduces the amount of paper processes on their end, as well as yours. When you help carriers become more efficient, you become a preferred partner. In capacity strained times, being a shipper that carriers want to work with helps you secure capacity, avoid the spot market and keep your rates stable.  

 Advanced Integration Without IT Resources 

When people hear “advanced integration,” many assume it also comes with high cost and extensive IT resources. Fortunately for shippers, TMS vendors, like GlobalTranz, are providing advanced integration and custom development resources so any size business, even without in-house IT resources, can integrate their systems and digitize their supply chain. And all at a price point that’s affordable for any company.  

 

Learn more about how you can integrate your entire supply chain without a budget or IT Team. Call 866-275-1407 or connect with an expert.