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.
  • 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
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • 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
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » GlobalTranz Reports Record Growth in 2018
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 Record Growth in 2018

January 28, 2019
No Comments

GlobalTranz Enterprises, Inc., a leading technology and third-party logistics solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers, today reported fourth quarter 2018 and full year 2018 earnings. In the fourth quarter of 2018, GlobalTranz reported a revenue increase of 53 percent, net revenue increase of 58 percent and EBITDA growth of 127 percent year-over-year.

For the full year, GlobalTranz reported $1.4 billion in revenue, representing 62 percent growth year-over-year, a net revenue increase of 63 percent, and EBITDA growth of 150 percent.

New customers, trail-blazing acquisitions, continued organic expansion of existing customer relationships, 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 fourth quarter and full year results.

"2018 was a record year for GlobalTranz, but we are just getting started," said Renee Krug, GlobalTranz's CEO. "Our sustained organic growth, strategic acquisitions, and the continued release of new technology products will allow us to continue to outpace many of our competitors in customer expansion, financial growth and advanced technology leadership in 2019. These are exciting times for GlobalTranz."

GlobalTranz's earnings announcement closes out a banner year for the company, one which was marked by a variety of highlights:

Completed 2 strategic acquisitions (completing a total of 7 acquisitions in the period of January 2017 through December 2018) that further expanded the company's footprint and capabilities while adding world-class talent. These include Chicago-based AFN Logistics and Greensboro-based SynchOne, LLC.
Released new technology products, and prepared for the 2019 roll-out of the all-new, market leading GTZcommand™ Transportation Management System (TMS).
Named among the Top 10 Freight Brokerages in the U.S. by Transport Topics.
Voted an Inbound Logistics Top 10 3PL provider for exceptional service and quality in meeting the needs of shippers and carriers.
Closed a new equity partnership with The Jordan Company, L.P. (TJC).
Made key executive promotions in early 2019 with Bob Farrell assuming the role of executive chairman, Renee Krug appointed CEO, and Lara Stell named CFO along with the election of industry veteran Eric Kirchner to the company's Board of Directors.
"We could not be prouder of the accomplishments of the GlobalTranz team, and we expect 2019 to be a year of continued success as we continue to deliver enhanced technology, services, and solutions to help our shipper customers realize operational and competitive advantages that allow them to achieve their goals in 2019," said Bob Farrell, executive chairman of GlobalTranz.

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 Continued Record Results in the Third Quarter

    Cloud Logistics Reports Record Growth, Revenue and Innovation in 2016

    Association for Advancing Automation Reports Record Setting Growth in North American Robotics Market

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

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • Outlook 2023: What’s in store for logistics/supply chain?

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

Now Playing on DCV-TV

5afe63a5 7125 4318 b851 1e5738df1c91

Patterson Fan Co. | HVLS V-Series Ceiling Fan | Staging Area Air Movement

DCV-TV 4: Viewer Contributed
The Patterson V-Series is a high-volume, low-speed industrial ceiling fan that is designed to circulate a lot of air at a very low speed. ​These fans, ranging in diameters of 8’ all the way to 24’, are perfect for large, open spaces such as staging and shipping areas. One 24’ fan can generate a cooling effect of 6...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

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

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing