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Two Ratings Agencies Cut GlobalTranz Debt Further Into 'Junk' Territory
Tuesday, June 16, 2020 - 11:39am | 1475Read More...A just-issued report on the economic health of 3PL GlobalTranz echoes a similar summary issued a few months earlier: The acquisitive company has a troubling debt load. But from the perspective of GlobalTranz, part of the reason for a recent downgrade and that debt burden was that it did something...
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GlobalTranz Acquires 3PL Cerasis As Part Of Continued Expansion
Thursday, January 16, 2020 - 6:19pm | 660Read More...GlobalTranz continues its rapid expansion, announcing the acquisition of Cerasis on Thursday. It is the 11th acquisition for the fast-growing third-party logistics (3PL) and technology solutions company since January 2017. GlobalTranz CEO Renee Krug said that acquiring Cerasis will benefit the...
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GlobalTranz Acquires Chicago-Based Brokerage Global Freight Solutions
Thursday, October 17, 2019 - 5:52pm | 278Read More...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...
