Daily Digital Magazine: Pg. 2 — January 29, 2019

GlobalTranz reports 150 percent EBITDA growth

Revenues for the full year hit $1.4 billion, a 62 percent increase year-over-year.

   Technology and third-party logistics solutions provider GlobalTranz Enterprises Inc. reported for the fourth quarter of 2018 a net revenue increase of 58 percent and EBITDA growth of 127 percent year-over-year.
   For the full year, GlobalTranz reported $1.4 billion in revenue, representing 62 percent growth year-over-year, a net revenue increase of 63 percent and EBITDA growth of 150 percent.

GlobalTranz reports 150 percent EBITDA growth

Revenues for the full year hit $1.4 billion, a 62 percent increase year-over-year.

GlobalTranz reports 150 percent EBITDA growth

Revenues for the full year hit $1.4 billion, a 62 percent increase year-over-year.

 
Continued from previous page
   Technology and third-party logistics solutions provider GlobalTranz Enterprises Inc. reported for the fourth quarter of 2018 a net revenue increase of 58 percent and EBITDA growth of 127 percent year-over-year.
   For the full year, GlobalTranz reported $1.4 billion in revenue, representing 62 percent growth year-over-year, a net revenue increase of 63 percent and EBITDA growth of 150 percent.
   GlobalTranz CEO Renee Krug said 2018 was a record year.
    “Our sustained organic growth, strategic acquisitions, and the continued release of new technology products will allow us to continue to outpace many of our competitors in customer expansion, financial growth and advanced technology leadership in 2019,” Krug said.
   GlobalTranz acquired seven companies, including AFN Logistics and SynchOne LLC, between January 2017 and December 2018. During 2018, GlobalTranz also closed a new equity partnership with The Jordan Company LP.

We thought our numbers would go down because of the trade war. It could still happen, but it hasn’t so far.

The Port of Prince Rupert handled a record 26.7 million metric tons of cargo in 2018, up 10% year-over-year.

Most Popular
Latest News
Social Media

Loading...

Executive Moves: Land, sea and rail

Shippers may favor contracts over spot movements

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

GlobalTranz reports 150 percent EBITDA growth

Revenues for the full year hit $1.4 billion, a 62 percent increase year-over-year.

on Jan 29, 2019AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

GlobalTranz reports 150 percent EBITDA growth

Revenues for the full year hit $1.4 billion, a 62 percent increase year-over-year.

on Jan 29, 2019AmericanShipper.com