PHOENIX--(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



  • Total revenue gains of 55 percent year over year.


  • Total gross profit increase of 42 percent over last year.


  • Freight Agents who have been with GlobalTranz for a year increased
    their revenue by 40 percent year over year.


  • Expanded service offerings to include Managed
    Transportation
    , Supply
    Chain Services
    and Project
    Logistics
    – Heavy Haul.


  • Broadened national and international footprint with seven branches
    throughout the United States and operations in Mexico.


  • Completed five strategic acquisitions in the last thirteen months,
    successfully integrating Global
    Freight Source
    Logistics
    Planning Services
    , Worthington
    Logistics Solutions
    , Apex
    Logistics
    and AJR
    Transportation
    into the GlobalTranz network.


  • Became one of the first 3PLs to join Blockchain In Trucking Alliance (BiTA),
    the largest commercial alliance in the world devoted to developing
    blockchain standards in the transportation industry.

“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



  • Named Top
    10 3PL to Watch
    and listed as a Top 100 3PL by Inbound
    Logistics.



  • Ninth
    Largest Private Company
    in Arizona by Phoenix Business Journal.


  • Recognized for the seventh consecutive year as one of the fastest
    growing companies
    in Arizona by Phoenix Business Journal.


  • Named one of the “Best
    Companies to Watch
    ” in Arizona for its commitment to leadership,
    excellence, employee engagement and economic impact.


  • Honored by ACG with the Arizona
    Deal of the Year Award
    for its completion of strategic
    acquisitions in 2017.


  • Chairman and CEO, Bob Farrell, won the 2017
    CEO Award
    from CEO Today.


  • CFO, Renee Krug, was named 2017 CFO
    of the Year Arizona
    by CV Magazine, a finalist for CFO
    of the Year by the Arizona Chapter of Financial Executives
    International (FEI) and Phoenix Business Journal, in addition
    to receiving the CFO
    Award
    from Finance Monthly.


  • COO, Kirsten Hall, was recognized with the Women
    in Business Award
    from Minneapolis St. Paul Business Journal.


  • General Counsel, Jeffrey Simmons, received the First
    Chair Award
    for Top General Counsel.

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



  • Partnered
    with U.S. Army PaYS
    to help provide soldiers with career
    opportunities.


  • Launched Ladies in Logistics, a program empowering women in the
    freight and logistics industries through mentoring, education and
    networking.


  • Partnered with Coder Camps to help prepare software development and
    engineering students for successful, rewarding careers in the tech
    industry.


  • Supported our nation’s unsung heroes of the road during National
    Truck Driver Appreciation Week
    , expressing gratitude for the work
    they do each day.


  • In response to the devastating impact of hurricanes in Texas, Florida
    and the Caribbean, GlobalTranz partnered with carriers and customers
    to deliver food, water and relief supplies to affected areas.

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. In 2017, Transport Topics ranked GlobalTranz as

the 13th largest freight brokerage firm in the U.S.

Contacts

MEDIA:

GlobalTranz

Tracy Dick, 619-888-2324

Chief

Marketing Officer