Freight Brokerage Tech Co., GlobalTranz, Achieves Record Growth in 2016
GlobalTranz Enterprises a leading technology-driven freight management solution provider, has announced record revenue and profitability in 2016, posting an 84% increase in EBITDA driven by strong year-over-year revenue growth.
With a five-year CAGR of 32%, GlobalTranz has emerged as a market leader in technology-driven freight management and third-party logistics (3PL).
Over the past year, the company made several investments in executive management talent, including the appointment of Bob Farrell as chief executive officer, Greg Carter as chief technology officer, Jeff Simmons as general counsel and Leigh Ann Schneider as vice president of direct sales.
GlobalTranz’s commitment to growth is also marked by the acquisition of Global Freight Source and opening a new state-of-the-art corporate headquarters in Scottsdale, Arizona. The company has transformed its operations and expanded both its extensive freight agent network and its direct sales team, resulting in a more profitable business model that will further accelerate company growth.
Noted Bob Farrell, chief executive officer of GlobalTranz, “Our technology platform is bringing a new level of innovation to the freight brokerage market. Shippers, carriers and freight agents are responding to that by bringing their freight management business to GlobalTranz and looking to us to provide broader 3PL services.”
Category: Featured, General Update
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
