Echo Global Logistics, Inc. Acquires Mountain Logistics, Inc.
Chicago, IL May 17, 2007 Echo Global Logistics, Inc., a technology-driven transportation management outsourcing firm, has acquired Mountain Logistics, Inc. doing business as Transportation Management Group, a third party logistics provider based in Park City, Utah.
Mountain Logistics, founded by Ryan Renne and Buster Schwab in 2001, has a strong West Coast carrier and customer base with offices in Park City, Utah and Los Angeles, California. Effective immediately, Mountain Logistics will begin doing business as Echo Global Logistics, Inc.
"The acquisition brings a West Coast presence to Echo's carrier and customer base," said Doug Waggoner, Chief Executive Officer of Echo Global Logistics. "Mountain Logistics has built solid client relationships and their skilled representatives will benefit from Echo's buying power, technology and enterprise account programs."
"Echo's technology will add significant value for our customers," noted Buster Schwab. "We will be able to leverage our local market knowledge and carrier base with Echo's significant buying power and services to provide consistent cost savings and outstanding service to our customers."
About Mountain Logistics, Inc.
Park City, Utah-based Mountain Logistics is a transportation management outsourcing solution with over 200 West Coast clients. With access to over 50 LTL carriers and a consolidation program, Mountain Logistics is a complete transportation solution.
About Echo Global Logistics, Inc.
Privately-held Chicago-based Echo is a technology-driven transportation management outsourcing firm which helps clients reduce their transportation spend. Echo's enterprise and transactional clients range from small businesses to Fortune 100 companies. Echo's transportation management solutions deliver cost savings through proprietary access to unparalleled transportation market data, custom-built world-class technology, a "best cost" global labor platform, an extensive nationwide network of carriers, and buying leverage resulting from the aggregated spend on behalf of Echo's clients. For more information on Echo, visit: www.echo.com.