Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
GlobalTranz Enterprises, Inc.
Harris Williams advises GlobalTranz Enterprises, Inc. (GlobalTranz), a portfolio company of The Jordan Company, L.P., on its sale to funds advised by Providence Equity Partners L.L.C. and its affiliates. GlobalTranz is a leading technology and third-party logistics (3PL) solutions company providing award-winning Transportation Management System (TMS) products to shippers, logistics service providers and carriers.
Key Takeaways from Recent Events
Our professionals recently attended two industry conferences. Get the key takeaways from The Car Wash Show 2019 and FreightWaves Transparency 2019.
What We’re Reading
Logistics | Logistics Expertise: The Ultimate “Killer App”
"As the logistics industry continues to plow millions of dollars into digital freight matching (DFM) technology that pairs shippers and carriers, there is a clear difference of approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals."
Trucking | Drayage Takes Breather from 2018 Surge, but Risks of Another Crunch Remain
"The tariff-driven, U.S. import binge in the latter half of 2018 put pressure on all parts of the supply chain, with drayage fleets feeling the biggest shoreside strains. Capacity is slack now thanks to the seasonal lull, but drayage faces more risks for another crunch, according to executives at the nation’s largest intermodal carriers."
Rail | Savannah Announces Huge Rail Network
"The Port of Savannah, home to the largest single container terminal facility in the western hemisphere, and the St Louis Regional Freightway have signed a deal to build a $220 million rail facility to improve the regional and wider US supply chain."
Marine | Big Ocean Cargo Carriers Join Blockchain Initiative
"The addition of France’s CMA CGM SA and Switzerland-based Mediterranean Shipping Co. to the blockchain effort called TradeLens means the three carriers that control nearly half of all seaborne containerized cargo capacity will make the movement of freight in international supply chains more transparent and potentially generate substantial annual savings."
Air | Air Cargo Remains Optimistic
"Cargo carriers are pragmatic about the current market situation despite negative headlines on the back of volume declines. President of American Airlines Cargo, Rick Elieson, recognizes the challenges with comping over strong prior year performance, stating, ”If it were not for 2018 we would be having a great year.” Elieson and his peers see no reason to panic and remain confident in future air cargo demand."
Our Group
Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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