GlobalTranz

Transflo bringing in industry veterans to spur growth

Transflo leadership team

Transflo is changing its management structure, with industry veterans Renee Krug joining the company as CEO and Bill Vitti as president and chief revenue officer. 

Frank Adelman, Transflo CEO for the past eight years, will become chairman of the board. President Michael Southworth is departing less than 18 months after joining the supply chain technology solutions company to serve as CEO of AI-focused company Babel Street. 

A spokesman for Transflo said a restructuring of the board involved...

https://www.freightwaves.com/news/transflo-bringing-in-industry-veterans-to-spur-growth

6 lessons learned about cybersecurity and freight in 2021

An illustration of a hacker holding a laptop with a tractor trailer to the right.

It was once again another rough year for cybersecurity and freight. The main reason: ransomware attacks, in which criminals encrypt data and demand payment, sometimes in the millions of dollars, in exchange for unlocking it. Even though the U.S. government has been taking an increasingly aggressive approach to fighting ransomware, the attacks have continued. They hit companies across the supply chain, including trucking, logistics, freight factoring, freight forwarding — and even fuel...

The inside story on how GlobalTranz and WorldWide Express came together

NEW YORK — At a daylong conference earlier this month focused on the explosion of private equity interest and money in the logistics sector, attendees heard from a CEO behind one of the biggest deals of 2021: the merger that brought together 3PLs GlobalTranz and Worldwide Express.

Bob Farrell of GlobalTranz told a conference sponsored by the Benesch law firm that “private equity is about turning intentions into reality.” And with the backing of CVC Capital Partners, that happened this year when...

https://www.freightwaves.com/news/the-inside-story-on-how-globaltranz-and-worldwide-express-came-together

Breaking news: Worldwide Express, GlobalTranz to merge

Third-party logistics providers Worldwide Express LLC and GlobalTranz Enterprises LLC said Friday that they have merged in a multibillion-dollar deal arranged by a consortium led by CVC Capital Partners, which is providing most of the equity to consummate it.

The merger, expected to close sometime in the third quarter, will create a $4 billion-a-year organization that will have distinct modal strengths yet have its hand in most of the U.S. transportation pie. Both firms have strong relationships...

https://www.freightwaves.com/news/breaking-news-worldwide-express-globaltranz-to-merge

Case study: How Aviron navigated a COVID-induced home gym boom

GlobalTranz helps Aviron shift to a direct to consumer model for its smart rower

Heading into 2020, the U.S. fitness club industry was on a roll, with projections that it would reach $39 billion in the U.S., growing more than 2.6% over 2019. Then COVID-19 hit, shutting down the majority of the fitness industry. That included gyms but also fitness facilities in hotels and other businesses.

According to a TD Ameritrade survey published in July 2020, 59% of Americans said they didn’t plan on renewing their gym membership and 56% said they found more affordable ways to stay fit...

https://www.freightwaves.com/news/case-study-how-aviron-navigated-a-covid-induced-home-gym-boom

FreightWaves LIVE recap: Cybersecurity lessons after the Colonial ransomware attack

A screen capture of Russ Felker of GlobalTranz, discussing cybersecurity..

This fireside chat recap is from Day 1 of FreightWaves LIVE @HOME.

FIRESIDE CHAT TOPIC: The importance of cybersecurity in the age of ransomware attacks

DETAILS: The recent cyberattack on Colonial Pipeline laid bare the risk posed by ransomware attacks. GlobalTranz Chief Technology Officer Russ Felker talks to FreightWaves reporter Nate Tabak about how transportation and logistics companies can beef up their cybersecurity.

SPEAKER: Felker is the chief technology officer at GlobalTranz, a leading...

https://www.freightwaves.com/news/freightwaves-live-recap-cybersecurity-lessons-after-the-colonial-ransomware-attack

EFS keynote: Revamped Roadrunner worth $10M personal investment, Leto says

Even for a successful dice-roller like Andrew Leto, founder of freight brokers GlobalTranz and Emerge, it took guts to contribute $10 million of his personal capital to a $50 million private placement for downtrodden transport firm Roadrunner (NASDAQ:RRTS). 

Once a darling of growth-minded investors, Roadrunner spent the latter half of the past decade disgorging most of the 34 companies it had acquired during the prior 10 years. The chickens of Roadrunner’s failed growth strategy came home to...

https://s29755.pcdn.co/news/beep-beep-revamped-roadrunner-worth-10m-personal-investment-leto-says

No more secrets: Honesty is hallmark of connected future

As the pace of technological advancement within the transportation industry has quickened, it has become clear that most companies stand to benefit from bringing it third-party tech partners. While the perks of in-house development are undeniable, it would be time consuming, expensive and generally unrealistic for companies to develop their own solutions to every problem. Luckily, high-quality third-party solutions already exist to fill in the gap. 

When companies set out to solve a problem with...

https://s29755.pcdn.co/news/no-more-secrets-honesty-is-hallmark-of-connected-future

Roadrunner $50M equity raise led by GlobalTranz, Emerge founder Leto

Roadrunner will use proceeds from equity raise to improve technology

Roadrunner (OTC: RRTS) announced Thursday it recently closed an equity private placement for $50 million. The round was led by a $10 million investment from Andrew Leto, who founded third-party transportation providers GlobalTranz and Emerge.

The proceeds are expected to be used for technology investments centered on “planning, pricing and efficiency.” The company will also use the funds to bolster its leadership roster and improve service.

“Roadrunner is really a technology moving trucks, not a...

https://s29755.pcdn.co/news/roadrunner-50m-equity-raise-led-by-globaltranz-emerge-founder-leto

GlobalTranz releases data points with all performance numbers pointed higher

Logistics provider GlobalTranz has released several data points about its financial performance in the fourth quarter, with the indicators showing strong revenue and EBITDA growth.

GlobalTranz is a private company and does not need to disclose financial data to equity markets. It does have publicly traded debt, so some financial information on its performance can be gleaned from ratings agency reviews of that debt. But the financial quarterly performance information is released by choice.

In an...

https://www.freightwaves.com/news/globaltranz-releases-data-points-with-all-performance-numbers-pointed-higher

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