Echo Global Logistics
Oct 25, 2012
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Echo Global Logistics, Inc. Acquires Sharp Freight Systems, Inc.

CHICAGO, IL -- (Marketwire) -- 10/25/12 -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, has acquired substantially all of the assets of Sharp Freight Systems, Inc. ("Sharp Freight"), an intermodal and truckload brokerage headquartered in Yorba Linda, CA with offices in Houston, TX. For the prior 12 months, Sharp Freight generated approximately $71 million in gross revenue. Effective immediately, Sharp Freight will begin doing business as Echo Global Logistics, Inc.

Founded by Frank Sannebeck in 1965 and led by his son Jim since 1990, Sharp Freight is a non-asset service provider that specializes in intermodal and over-the-road truckload solutions. The Sharp acquisition creates the following opportunities for Echo:

"Sharp Freight adds synergies to our operating platform and talent base," said Douglas R. Waggoner, Chief Executive Officer of Echo Global Logistics. "The team at Sharp Freight augments our existing intermodal and truckload expertise while increasing our presence in key Southern and West Coast markets. This acquisition better positions us to offer our clients the simplicity of a complete transportation management solution."

"Sharp Freight looks forward to joining the Echo team and contributing to the intermodal and truckload capabilities of Echo," said Jim Sannebeck, a second generation owner of Sharp Freight who will continue with Echo as a Regional Vice President. "Echo offers leading edge technology, a strong sales organization and a proven ability to service and grow client relationships that will allow us to continue building on the principles that have defined Sharp Freight for almost 50 years."

About Echo Global Logistics

Echo Global Logistics, based in Chicago, is a leading provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary web-based technology platform that compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients' transportation and supply chain management needs. Echo services clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: www.echo.com.

Source: Echo Global Logistics

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