We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » GlobalTranz Reports Continued Record Results in the Third Quarter
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

GlobalTranz Reports Continued Record Results in the Third Quarter

October 23, 2018
No Comments

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.

"We continue to focus on automation and process improvements resulting in significant advances in our ability to service and satisfy our diverse customer base."

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

- Net revenue increase of 40 percent year over year
Total profitability increase of 120 percent year over year
- Opened new downtown Minneapolis innovation facility
- Voted an Inbound Logistics Top 10 3PL provider for exceptional service, technology and ability to meet the needs of shippers and carriers.
- Closed new equity partnership with The Jordan Company, L.P. (TJC).
- Completed seven strategic acquisitions since 2017, expanding its footprint and capabilities with 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.
- Continuous advancement of TMS technology to provide customers end-to-end visibility, efficiency, integration, predictive analytics, and automated reporting of their shipments across any mode or geography.

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.

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

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    GlobalTranz Reports Record Growth in 2018

    Flux Power Reports Record Second Quarter Revenue and Sales Backlog

    GlobalTranz Announces Continued Growth in First Half of 2019

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Capacity challenges will continue in 2021

  • Shippers brace for tight capacity trend to continue in 2021

Now Playing on DCV-TV

Jlt procure rugged devices thumb

What it takes to procure the right rugged devices for your warehouse

DCV-TV 4: Viewer Contributed
Procuring new rugged devices for your warehouse is often a big decision and a significant investment. It needs careful planning and consideration. It involves more than ticking boxes on a spec sheet. It includes testing and getting employee buy in. And it's about finding a partner that can work with you to deploy...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing