Echo Global Logistics
Echo Global Logistics, Inc. is a logistics company focused on managing the purchase of truckload freight capacity.[1] As of 2018, it is a Fortune 1000 company.[2]
 | |
| Public | |
| Traded as | NASDAQ: ECHO |
| ISIN | 🆔 |
| Industry | Third-Party Logistics (3PL), Transportation, Technology |
| Founded 📆 | 2005 |
| Founder 👔 | |
| Headquarters 🏙️ | , , USA |
Area served 🗺️ | |
Key people | Chairman & CEO: Douglas R. Waggoner,
President & COO: Dave Menzel, Co-Founders: Brad Keywell, Eric Lefkofsky |
| Revenue🤑 |  US$1.943 billion (2017)[3] |
| US$19.085 million (2017)[3] | |
| US$12.623 billion (2017)[3] | |
| Total assets | US$838.079 million (2017)[3] |
| Total equity | US$358.872 million (2017)[3] |
| Members | |
Number of employees | 2,453 (2017)[3] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Company History
Echo Global Logistics was established as a logistics division for InnerWorkings, a web-based printing company in Chicago, Illinois.[4] In 2005, InnerWorkings founder Eric Lefkofsky and business partner Brad Keywell expanded the logistics division into a Delaware Limited Liability Company (LLC).[5][6]
In December 2006, Douglas R. Waggoner became CEO of Echo Global Logistics.[7] Waggoner had previously founded the freight management software provider SelecTrans LLC, which he sold to Echo Global Logistics in 2006.[8][9]
When Echo completed its initial public offering on October 2, 2009, its common stock became listed on the NASDAQ Global Market under the ticker symbol "ECHO".[10]
Products
Among the company's products is EchoShip, a self-service shipping platform.[11] EchoDrive is a similar platform for managing dispatchers and drivers.[12]
Other company applications include EchoTrak, a web portal allowing customers to view shipment details such as tracking and payment status, and RateIQ 2.0, a rates tool.[13][14]
References
- ↑ Page, Paul (2 June 2015). "Echo Global Completes Command Transportation Acquisition". Retrieved 18 February 2019.
- ↑ "Echo Global Logistics". Fortune. Retrieved 2018-10-10.
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 "2017 Annual Report (Form 10-K)". SEC. February 27, 2018.
- ↑ "InnerWorkings crew takes on logistics biz". Crain's Chicago Business. 2007-10-27. Retrieved 2018-10-10.
- ↑ "SEC Filing | InnerWorkings, Inc". investor.inwk.com. Retrieved 2018-10-10.
- ↑ "Life after Groupon: Eric Lefkofsky and Brad Keywell". Crain's Chicago Business. 2018-08-24. Retrieved 2018-10-10.
- ↑ Bates, Brooke (27 August 2010). "Douglas R. Waggoner uses ideas from Generation-Y to grow Echo Global Logistics". Smart Business. Retrieved 18 February 2019.
- ↑ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-10-11.
- ↑ "ECHO Company Profile & Executives - Echo Global Logistics Inc. - Wall Street Journal". quotes.wsj.com. Retrieved 2018-10-11.
- ↑ Adest, Abbi (2009-09-29). "Echo Global Logistics Expected to Deliver IPO This Week". Seeking Alpha. Retrieved 2018-10-11.
- ↑ "Echo Global Logistics links its TMS with project44 – DC Velocity". www.dcvelocity.com. Retrieved 2018-10-11.
- ↑ "Q&A: Doug Waggoner, Echo Global Logistics CEO". www.logisticsmgmt.com. Retrieved 2018-10-11.
- ↑ "Q&A: Doug Waggoner, Echo Global Logistics CEO". www.logisticsmgmt.com. Retrieved 2018-10-11.
- ↑ "Echo Global Logistics partners up with project44 to automate LTL-based shipments". www.logisticsmgmt.com. Retrieved 2018-10-11.
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