Echo joins Fortune magazine’s list of the U.S.’s largest companies, posting $1.943 billion in revenue and 13.2 percent growth in 2017
CHICAGO, June 07, 2018 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, announced it has joined the Fortune 1000 for the first time. Ranked #969, Echo posted $1.943 billion in revenue in 2017 and 13.2 percent year-over-year growth. The Fortune 1000 ranking marks a significant milestone in Echo’s efforts to revolutionize the third-party logistics (3PL) industry with digital technology.
Founded in 2005, Echo simplifies transportation management with technologies that make shipping fast, secure, and cost-effective. Echo’s proprietary platform compiles and analyzes data from a network of more than 40,000 transportation providers to serve clients across all industries and modes of transportation. Headquartered in Chicago, Echo employs more than 2,400 logistics professionals at 30 offices around the U.S.
“When Echo launched 13 years ago, we redefined the logistics industry using web-based technology. Today, that disruption continues as we bring artificial intelligence and an increased investment in our technology to our clients and carrier partners,” said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. “The Fortune 1000 ranking motivates us to continue forward as an industry pioneer and trusted partner to our carriers and clients. Our commitment to high levels of service and simplifying transportation continues to enable us to grow and evolve.”
Echo’s strong trajectory drives on with 39 percent year-over-year growth in Q1 2018. Echo is considered Chicago’s second largest digital tech company and one of the city’s “Best & Brightest” places to work. Last year, Echo ranked #1 in Inbound Logistics magazine’s “Readers' Choice: Top 10 3PL Excellence Awards.” Echo is also considered an Inbound Logistics “Green Supply Chain Partner” for its work to measure, benchmark, and improve its environmental footprint in the EPA's SmartWay® Transport program.
To view Echo’s Fortune 1000 profile, visit http://fortune.com/fortune500/echo-global-logistics/
About Echo Global Logistics
Echo Global Logistics, Inc. (NASDAQ:ECHO) is a leading provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 40,000 transportation providers to serve clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com.
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Echo Global Logistics
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Echo Global Logistics
Source: Echo Global Logistics, Inc.