Zach Jecklin of Echo Global Logistics discusses the importance of providing good service through difficult freight markets, Echo’s strategy to leverage AI and how technology can help maintain relationships without eliminating human oversight.
Doug Waggoner, CEO of Echo Global Logistics, discusses the strategy of accepting risk losses on contract freight in order to remain in good standing with shippers and take advantage of higher margins in the spot market.
Echo Global has been removed as a defendant in a fatal crash case, another victory for brokers seeking to avoid liability.
Expertise is key to navigating cargo insurance, security and customs issues in Mexico.
Due to nearshoring trends and an increase of manufacturing in Mexico, many US-based shippers are learning to manage operations across the southern border. Thankfully, Echo Global Logistics provides support, contingency planning and access to insurance through Reliance Partners to help companies mitigate the risks of operating in Mexico.
Roadtex moves partial truckload shipments via consolidated full truckloads directly from its 32 nationwide warehouse centers to the retailer, resulting in less handling and better OTIF rates.
Fastmore Logistics highlights its proven track record of picking the right carrier and using technology, people and processes to deliver service and security.
Zach Jecklin, chief information officer at Echo Global Logistics, spoke with FreightWaves about Echo’s pairing of people and technology and how it’s reshaping the industry.
Shippers at constant risk of damaged freight, and often only recover a fraction of the value with carrier liability, says Echo Global Logistics SVP Molly Mangan.
This week in Borderlands: Echo Global Logistics grows cross-border footprint as trade booms; Maersk launches cross-border warehouse in Tijuana; Yokohama announces $380M tire plant in Mexico; and Legendz Way to open distribution center in North Texas.
Echo Global Logistics CEO Doug Waggoner sees the potential for spot rates to rebound by the end of the year.
Shippers can unlock 10-15% cost reduction via an analytical approach, handled entirely by a trusted partner
Echo will leverage Navix’s ecosystem of billing data to automate its freight-auditing capabilities.
Echo’s Frank Hurst spoke with FreightWaves about how the recent Roadtex acquisition has changed reefer LTL.
A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.
Echo Global Logistics’ EchoShip platform is transforming the partial truckload shipping landscape, offering unparalleled efficiency and cost-effectiveness for shippers and carriers.
Tough freight market hits Echo’s debt ratings, down a notch at S&P.
Echo Global Logistics leverages a variety of intelligence capabilities to provide shippers and carriers with solutions that meet them where they are in their technology adoption journeys.
Cold chain failures lead to the same profit losses and headaches as other supply chain mishaps, but on a much greater scale.
Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.
Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
The transportation industry experienced a freight frenzy like no other last year. Following one of the most disruptive years in economic history, 2021 proved to be the rebound that the industry was hoping for as markets began to reopen with unprecedented goods demand and as COVID-19- related restrictions began to expire. The resumption of consumer […]
Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.
Echo looks to push aggressively into the managed logistics solutions category.
Just as shippers and carriers vary in size and complexity, so too should the technology that automates their processes.
Jay Gustafson of Echo Global Logistics discusses the traits that determine if a broker’s technology can support the growth of an enterprise fleet in any market.
Echo Global Logistics announced its first acquisition since being taken private last year. It signed an agreement to acquire temperature-controlled services provider Roadtex Transportation.
As part of FreightWaves’ The Future of Supply Chain event, Echo will be demonstrating its EchoShip self-service web portal.
Echo’s CIO aims to further tech innovations, including API improvements for shippers and carriers.
CCO Sean Burke shares results from Echo’s recent survey on shipper sentiment for the RFP season.
Echo Global Logistics’ Jay Gustafson describes the best formula for managing transportation needs.
Private ownership would allow Echo to accelerate M&A and technology investments.
Echo Global Logistics’ Mike Mobley and Jamie Petrzelka detail the benefits of leveraging the company’s experts to manage transportation networks.
Both reports see debt levels rising initially but with a steady move toward a more reasonable level of coverage.
Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.
Following one of the most tumultuous years in recent history, 2021 has been interesting to say the least. Through the ups and downs of what’s been a rebound year, the trucking industry already has its sights set on 2022. What’s in store for trucking next year? No one can say for sure, but who better […]
An analyst surmises that Amazon was the other part of the love triangle.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
Echo’s Sean Burke advises building as much flexibility as possible into the planning process this fall.
El mercado para la compra y venta de proveedores logísticos a terceros y corredores de carga está al rojo vivo, según los banqueros de inversión de Capstone Partners, Burke Smith y Nathan Feldman.
Capstone Partners explains why brokerages are so expensive.
Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.
The new owners of Echo have portfolio investments in several other logistics companies.
Despite the significant drop in price, lumber remains an expensive commodity. Whether the price will continue to fall is uncertain.
Management has raised full-year revenue guidance to $3.45 billion-$3.55 billion.
With capacity tight across the board, difficulty in sourcing reefer trailers may spill into other segments as produce season continues.
Food service providers can expect to be extremely busy as COVID-19 fears subside.
Trucking companies, third-party logistics providers (3PLs), brokers, shippers and members of the FreightTech community share their thoughts on produce shipping for the 2021 season.
Hunker down once more; things appear to be heating up for LTL demand heading into the summer months.
Waggoner delivered record EPS in a difficult environment.
On this episode of The Stockout Mike Baudentistel explores the possibility of companies hitting the market soon.
In 2020, J.B. Hunt reported more than 1.2 million loads were processed through its platform, exceeding $1.4 billion in transactions.
Echo Global Logistics CEO Doug Waggoner talks about the future of logistics and the role of technology in pushing the transportation industry forward.
Dooner and The Dude catch up with Thomas Healy from Hyliion during the first episode of WHAT THE TRUCK?!? for FreightWaves Global Supply Chain Week.
In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.
Kevin Hill and Michael Vincent look at recent earnings reports and hear how the grain season is going for American exporters.
Freight brokerage Echo Global Logistics rode truckload volatility to record quarterly revenues.
Benjamin Hartford joins Marie Colbert and Derek Nelson to fill out Mastery’s top executive ranks.
Echo exec Gustafson has praise for technological changes
In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million. That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided […]
Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.
FreightWaves has produced a white paper, in partnership with Echo Global Logistics, reviewing the current state of various industrial freight verticals and future forecasts for each.
In today’s edition of The Daily Dash, the future of Nikola’s Badger electric pickup is up in the air; President Donald Trump signs a one-year funding extension for surface transportation programs; and a major survey on truck parking nears completion.
Echo Global has added a Book Now tool to its EchoDrive platform, allowing dispatchers and truck drivers to instantly book loads without the need for phone calls or emails.
Jack Mahoney will take over for the retiring Guy Stephenson.
In today’s edition of The Daily Dash, fleets looking for excess insurance coverage are paying top dollar; Landstar projects a strong Q3; and Waymo will test autonomous vehicles in the last mile.
In second-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported gross revenues fell by 7.1% on a year-over-year basis to $514.7 million. That beat the consensus estimate of $475 million, largely driven by decreases in less-than-truckload (LTL) volumes and revenue per […]
Throughout the pandemic, Echo Global Logistics has remained busy moving goods and giving back to those in need as it contemplates a new normal.
Echo Global Logistics is adding truck parking reservation service TruckPark to its EchoDrive Preferred platform, allowing drivers to easily reserve parking spaces through the web portal or app.
Freight’s leaders discuss the Impact of COVID-19, the adoption of technology, and the future of freight from FreightWaves LIVE @Home
FreightWaves conducted a survey of consumer packaged goods (CPG) shippers in April to gauge sentiment, transportation trends and current dynamics in the CPG supply chain. Sponsored by Echo Global Logistics
FreightWaves LIVE @HOME kicked off its three-day virtual event with keynote addresses from J.B. Hunt’s Shelley Simpson, Revolution’s Ron Klain, and Echo Global Logistic’s Doug Waggoner among many others.
At FreightWaves LIVE @ HOME, the CEO indirectly pushes back against criticism of broker margins.
Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.
Margins widened again in April, but revenue per day is down 12%.
As the coronavirus pandemic continues, it is causing customs brokers and third-party logistics providers to adapt their day-to-day office operations.
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
Charley Dehoney writes about digital brokerages and what they really are and do…
Echo protected its margins and issued positive guidance for Q1 and 2020.
Echo Global adds features that suggest loads along favored lanes for carriers using its EchoDrive platform.
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for the smaller, “relationship-based” brokers to compete. Whether it’s managed transportation, trailer pooling, warehousing or last-mile, brokers should be looking for ways to increase their value, […]
One year after a sharply negative report sent shares plunging, XPO stock has more than recovered
In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.
Some investors prefer hard-to-disrupt niche businesses; others want to roll up e-commerce services and replicate Amazon’s offering.
Companies that build a dedicated M&A program return more value to shareholders.
ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter earnings it may be time to invest in the cyclical stocks again. The analyst team, led by Ravi Shanker, expects second quarter results for transportation […]
Charley Dehoney has written about the growth of digital freight brokerages and what they bring to the market and the industry.
Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks like Facebook, Twitter, Snapchat and Tinder. Apps like Uber Freight, Convoy, Transfix, J.B. Hunt 360, C.H. Robinson’s Navisphere and EchoShip/Drive were designed to cover loads […]
During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO of Echo Global Logistics (NASDAQ: ECHO); and Mark Yeager, CEO of Redwood Logistics. Themes of the conversation included the differences between public and private investors’ […]
Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.
The technology company will focus on appointment-making, track-and-trace, and eliminating paperwork.
The Chicago-based freight brokerage is operating at a $100 million run rate.
A healthy month-end volume uptick hasn’t tightened capacity, allowing brokers to stay in their happy place.
Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.
ECHO pivoted away from the spot market and also leaned into LTL.
Morgan Stanley likes asset-based carriers while Stifel is bullish on 3PLs, and the banks don’t agree on what the business risks to C.H. Robinson are.
It’s an aggressive push by Deutsche to rebut the suggestion that XPO has serious accounting issues.
