Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company, has received the financial commitment required to launch an internal, full-service freight-brokerage business designed to significantly expand its logistics capabilities. GTVH made this announcement following the completed acquisition of Cargo Management Group from TK Zarro LLC; the acquisition includes a logistics operation, brokerage business, licenses and all associated assets. The announcement noted that the company received full financial support from TK Zarro to obtain state-of-the-art freight brokerage software, Transportation Management System (TMS), and load board subscriptions to streamline operations and improve service delivery.
The announcement also stated that the transition will include Cargo Management Group establishing a new location and call center to drive sales and manage operations efficiently as well as hiring and training skilled freight brokers, dispatchers and customer service representatives. In addition, the company is developing a comprehensive marketing strategy to attract new clients and build strong industry partnerships. “Management is working to complete the full transition of Cargo Management Group and its logistics brokerage operation that can provide an additional income stream with a strong growth potential,” stated the company in the press release. “The new freight brokerage business will leverage current infrastructure that was recently acquired along with extensive industry relationships of Cargo Management Group, which generated nearly $3 million in revenue for 2023. The recent acquisition includes a portfolio of contracts with industry leaders such as J.B. Hunt, C.H. Robinson, Coyote Logistics and Echo Global Logistics. These established partnerships will enable Cargo Management Group to provide comprehensive logistics solutions, including freight brokerage services, to its diverse clientele. After the full transition of the business is complete, Cargo Management Group looks forward to providing the unique ability to fully meet clients’ needs with its assets and manage overflow through brokerage services.”
To view the full press release, visit https://cnw.fm/JubUI
Source: IBN
