Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/24/2014 4:05:00 PM Write a Letter to the Editor Write a letter to the Editor

Echo Reports Higher Second-Quarter Income

Echo Global Logistics

Echo Global Logistics’ first-quarter net income rose 2.9% to $4.2 million, or 18 cents per share, from $4.1 million, or 18 cents per share.

The Chicago-based company said July 24 its revenue increased 36.2% to $305.1 million. Net revenue, or revenue less purchased transportation costs, rose 34.5% to $53.3 million.

“Echo’s growth model delivered outstanding results as we completed another record quarter of revenue and profitability, driven by strong organic growth and the impact of our recently completed acquisitions,” Doug Waggoner, Echo CEO said in a statement.

The company said it expects full year revenue to be in a range of $1.14 billion to $1.18 billion, excluding the impact of new acquisitions.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement