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.
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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.