In Q2 2016, GlobalTranz Significantly Outpaces Public Peers

GlobalTranz pic

At the end of September, GlobalTranz released its Q2 operating performance report, which showed growth in total shipment volume of nearly 15 percent compared to the previous year. The company also enjoyed a year-over-year increase in truckload shipments of more than 25 percent.

Additionally, GlobalTranz reported impressive revenue growth that outpaced the organization’s public company peers by up to 20 percent. The company’s enterprise segment increased more than 90 percent when compared to the prior year.

In the second quarter of 2016, GlobalTranz added 102 skilled individuals to its growing national team of freight agents. All freight agents that were with the company for at least 12 months successfully increased net revenue by 20 percent.

To continue this impressive growth, GlobalTranz has capitalized on its success and secured an asset-backed loan with low interest rates to fuel even more expansion throughout the rest of the year, and in the one ahead. The company’s potential for growth is also increased by the recent opening of a new headquarters in Scottsdale that has state-of-the-art facilities for better technology development.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s