The company’s next-generation logistics platform, GTZconnect®, connects shippers with carriers, logistics service providers (LSPs) and Global Tranz’s suite of logistics services. The seamless, easy-to-use logistics platform provides not only detailed shipment visibility but also delivers actionable business intelligence, alongside end-to-end automation and dynamic collaboration. Under its flagship product, Global Tranz offers specialized solutions to cater to the needs of its users. As managing a large-scale transportation network requires visibility into the overall process, the company provides a real-time logistics management solution for Global Tranz agents and brokers, GTZcommand®, a control tower that enables them to manage a large-scale transportation network, providing visibility and business intelligence capabilities for assisting LSPs in managing, tracking, and optimizing every aspect of their customer’s supply chain operation. As a collaborative transportation management solution for carriers and partners, the company offers—GTZpartnerTM—a real-time collaboration portal.
All of these products have proven to be of significant impact for various customers across the globe. For instance, the strict service requirements established by a major national retailer challenged their vendor, one of Global Tranz’s clients—a bottled drink manufacturer. As a result, the company experienced increased chargebacks and operational costs. Global Tranz conducted a detailed analysis of their outbound network by working closely with its client’s in-house transportation department and developed a customized solution designed to drive out operational inefficiencies and reduce associated costs. Global Tranz’s solution included complete outsourced management of load planning, scheduling, and optimization. Using GTZconnect®, Global Tranz’s proprietary TMS, the company was able to optimize the client’s order patterns based on service and cost requirements, convert LTL shipments into full truckloads, and use drop trailers at a key warehouse location to uncover significant gains. Consequently, the manufacturer improved on-time delivery by 8 percent and decreased costs per case by 6 percent while reducing labor costs.
As a fast-growing market leader with an extensive customer base, Global Tranz has become a renowned name in the industry. The company has rapidly expanded organically, including the opening of an office in Monterrey, Mexico, and has completed nine successful acquisitions in the last two years. After releasing a second-generation version of its flagship TMS, GTZcommand®, Global Tranz recently announced GTZampTM, its next-generation digital freight matching technology. For the future, the company plans on continually investing in technology, its flagship product innovation, and capabilities to improve the user experience and help shippers gain more visibility. “We are looking to differentiate ourselves from others by leveraging technologies such as AI, machine learning, predictive analytics, and automation using workflow and business rules engine alongside our extensive team of experienced logistics operators. We dubbed 2019 ‘the year of technology’ at Global Tranz, and we are delivering on that promise,” explains Carter.
GlobalTranz Acquires Chicago-Based Brokerage Global Freight Solutions
GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions. It is the third major acquisition this year by GlobalTranz and the second of a brokerage based in Chicago.
"Global Freight Solutions is a proven provider of exceptional logistics services and solutions," Renee Krug, GlobalTranz CEO, said. "This addition will enhance GlobalTranz's ability to serve our customers while accelerating growth."
Global Freight Solutions has been in business for over 25 years and offers "technology-enabled freight management best practices and a superior customer service focus," according to a release.
"Today's shippers expect higher-touch service and support combined with differentiated technology and data solutions," Dan Supis, CEO of Global Freight Solutions, said. "As their needs evolve, GlobalTranz is there with a full suite of services and solutions necessary to succeed."
Global Freight Solutions had previously been one of GlobalTranz's freight agents. Terms of the deal were not disclosed.
Earlier this year, GlobalTranz acquired Circle 8 Logistics. Also based in Chicago, Circle 8 is a third-party logistics provider brokering truckload, flatbed, intermodal, temperature-controlled, and less-than-truckload (LTL) capacity.
Earlier this year GlobalTranz was acquired by Providence Equity, which previously owned the company before selling it to the Jordan Company in 2018.
GlobalTranz offers cloud-based, multi-modal transportation management system products to shippers, carriers, 3PLs and brokers. It is a top-10 freight brokerage.
GlobalTranz Acquires Circle 8 Logistics
PHOENIX and CHICAGO: 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, announced that it has acquired Circle 8 Logistics, a service-driven provider of third-party multimodal transportation and logistics services throughout North America. Circle 8 is GlobalTranz’s 9th acquisition since January of 2017 and represents continued delivery of industry-leading organic growth augmented by strategic combinations.
“Since the founding of our business in 2001, Circle 8 has provided innovative solutions with honesty and integrity,” said Mike Lewis, co-founder and co-CEO of Circle 8. “Combining with GlobalTranz allows us to continue this history while providing our customers with increased service offerings, access to capacity and advanced technology.” Co-founder and co-CEO Ryan Phillips added, “we pride ourselves on employee retention and efficiency, which in turn enables us to better serve our customers and carriers. As part of GlobalTranz, we will be able to continue our service-driven mentality while concurrently providing an environment for our employees to grow.”
With the acquisition of Circle 8, GlobalTranz continues to expand its presence in the Chicago area. With offices in Niles and Lombard, along with its office in downtown Chicago, GlobalTranz has access to and options for the area’s rich logistics and technology talent.
“Circle 8 has a strong history of providing its customers with superior services and logistics solutions,” said Renee Krug, chief executive officer of GlobalTranz. “Circle 8 has combined a focus on people, processes and technology to drive growth via unique solutions for its customers and strong carrier partnerships. The combination will further accelerate our growth and market leadership in the 3PL industry,” added Krug.
“GlobalTranz is clearly executing on its strategy of driving growth both organically and via complementary, accretive acquisitions,” said Bob Farrell, executive chairman of GlobalTranz. Farrell added, “Our unique hybrid combination of the best independent freight agents in the industry with our strong direct channels is a clear differentiator. Circle 8 will further enhance our channels to market.”
Mesirow Financial, Inc. served as the exclusive financial advisor to Circle 8 Logistics, Inc.
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