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GlobalTranz Closes Acquisition of AFN Logistics

The acquisition further accelerates GlobalTranz's growth and market leadership in the 3PL industry, and creates a company that will exceed $1.5 billion in revenue.

DC Velocity Staff
By DC Velocity StaffOct 16, 2018
DC Velocity Staff
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GlobalTranz Enterprises, Inc., a leading technology-driven third-party logistics (3PL) solutions provider, today announced that it has closed its previously announced acquisition of AFN Logistics, an award-winning leader in freight brokerage, 3PL and transportation management services. The acquisition further accelerates GlobalTranz's growth and market leadership in the 3PL industry, and creates a company that will exceed $1.5 billion in revenue.

"We are excited to welcome the AFN team and to combine the unique strengths of both companies"

"We are excited to welcome the AFN team and to combine the unique strengths of both companies," said Bob Farrell, chairman and CEO. "AFN, combined with GlobalTranz, creates a powerful 3PL with a market-leading end-to-end logistics tech suite, expansive network of high-quality and dedicated-capacity, and top talent in the industry. Our joint company will further accelerate our ability to provide sophisticated technology and transportation solutions that drive operative and competitive advantages for our customers."

AFN Logistics is GlobalTranz's seventh acquisition since January 2017, expanding its footprint and capabilities with Greensboro-based SynchOne, LLC, 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.

Ranked the 10th largest freight brokerage in the U.S. 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 about GlobalTranz, visit www.globaltranz.com and follow us on LinkedIn and Twitter @globaltranz.

More Info: https://www.globaltranz.com

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