GlobalTranz CEO sees the year of "unnatural freight" roll into 2021, aims for continued growth

Posted at 9:12 AM, Jan 26, 2021
and last updated 2021-01-26 11:12:46-05

Scottsdale-based GlobalTranz grew its revenue in 2020, and according to CEO Bob Farrell, the digital freight management company is expecting to reach even bigger goals in the year to come.

Farrell and other company executives attributed this growth to the deepened relationships, cross-selling and improved technology offerings during the GlobalTranz Agent Conference last week.

With $1.6 billion in revenue last year, the company is aiming to reach $1.9 billion in 2021.

That growth is expected despite myriad challenges facing the logistics industry: higher insurance prices for carriers, increased freight pricing, a shortage of truck drivers and a continued disruption to supply chains caused by Covid-19.

Read more from the Phoenix Business Journal.