GlobalTranz Enterprises, Inc., a leading technology-driven freight management solution provider, today announced it has acquired Logistics Planning Services (LPS), a leading managed transportation provider and freight brokerage company. The acquisition further solidifies GlobalTranz’ position as a top freight brokerage firm and significantly increases its market share in third-party logistics (3PL) services.
LPS has operated successfully for 30 years and has an extensive managed transportation client base as a result of its expertise in 3PL/4PL services. Its strong freight brokerage business brings added scale and capabilities to GlobalTranz. The LPS acquisition will also expand the types of freight GlobalTranz is able to move, adding large-scale and specialty freight management to the company’s roster of services.
“As a company that has always focused on customer success and long-term partnerships, we are extremely pleased to be joining a market leader like GlobalTranz,” said Kirsten Castillo Hall, chief executive officer of LPS. “GlobalTranz will enable us to more quickly grow our managed transportation and freight brokerage businesses, and provide us with a strong, innovative logistics technology platform that I know will be attractive to our clients.”
“Logistics Planning Services is a significant acquisition for GlobalTranz and we are excited to have the team on board,” said Bob Farrell, chairman and chief executive officer of GlobalTranz. “LPS will enable GlobalTranz to immediately increase its focus and market share in managed transportation, which is directly in line with our vision to further our leadership in the 3PL industry. In addition, LPS brings additional scale to our freight brokerage operations and extends the type of freight we can move for our clients. The LPS addition will further accelerate our company’s growth.”