Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.
April 25, 2018Business
Technology Firm Project44 Raises $35 Million in New Funding Round
Logistics technology firm project44 announced April 17 it raised $35 million in a new funding round led by OpenView Venture Partners.
April 23, 2018BusinessLogistics
Echo Global Logistics Revenues Surge 34.6%
Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.
February 7, 2018Business
Ryder, Echo Report Record Third-Quarter Revenue
Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017.
October 26, 2017BusinessLogisticsTop 50
Logistics Revenues Due to Go Up in Quarterly Reports, but Margins Still Drag Down Profits
Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season.
October 11, 2017BusinessLogistics
Echo Suffers Losses for Third Straight Quarter
Echo Global Logistics set a new record on July 27 after failing to make a profit for the third consecutive quarter, which hasn’t happened once since the company went public in mid-2009.
July 27, 2017