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10/25/2012 5:30:00 PM Write a Letter to the Editor Write a letter to the Editor

Echo Global Logistics’ 3Q Income Rises; Buys Freight Co.

Echo Global Logistics reported a third-quarter profit and said it acquired Sharp Freight Systems.

Terms of the acquisition were not disclosed. In the prior 12 months, Sharp had about $71 million in gross revenue, according to Echo.

Echo’s third-quarter net income improved to $3.8 million, or 17 cents per share, from $3.4 million, or 15 cents, a year ago.

Net revenue climbed 19.5% to $36.6 million, the Chicago-based third-party logistics company said late Thursday.

Echo said it had a 20% gain in shipment volume and 197 enterprise clients in the third quarter, up from 169 a year ago.

By Transport Topics

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