CHICAGO, June 17, 2011 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (Nasdaq:ECHO), a leading provider of technology enabled transportation and supply chain management services, announced today it was recognized as #2 on Crain's Chicago Business' Fast Fifty 2011, a list of the fastest growing companies in the Chicago area.
The Crain's "Chicago's Fastest Growing Companies" list is comprised of public and privately held companies headquartered in Chicago's six-county area (Cook, DuPage, Kane, Lake, McHenry and Will). To qualify for the 2011 list, companies must be at least five years old and have recorded at least $20 million in 2010 revenues. Echo Global Logistics reported $426.4 million in revenue for 2010 and had a five-year growth rate of 5,723.5%
"We are very pleased to have our impressive growth and stability recognized by Chicago Business' Fast Fifty 2011 list," said Doug Waggoner, Chief Executive Officer. "Our more than five thousand percent growth rate over the past five years reflects our use of growing technology to expand our customer base and to revolutionize the freight and supply chain industries."
For more information about Crain's Chicago Business and the Fast Fifty 2011, visit www.chicagobusiness.com.
About Echo Global Logistics
Chicago-based Echo Global Logistics is a leading provider of technology-enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. Echo's web-based technology platform compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients' shipping and freight management needs. This year, Echo has procured transportation and provided logistics services for more than 22,700 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: www.echo.com.
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Source: Echo Global Logistics, Inc.
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