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.

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 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.

Tariff increases are on hold and progress is being reported in talks between the United States and China, so the (retail) imports we’re seeing now are driven primarily by expectations for consumer demand.

Spot container rates from Shanghai to Rotterdam clocked in at $1,312 per FEU as of April 18, down from $1,431 per FEU four weeks prior, and down from $1,656 per FEU eight weeks prior, but still up 14 percent year-over-year, according to data from Drewry's WCI.

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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

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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