1
Doug Waggoner, CEO of Echo Global Logistics
Doug Waggoner, CEO of Echo Global Logistics
DATE: 2014/06/09::
2
Echo Global Logistics - Evolved Transportation Management
Echo Global Logistics - Evolved Transportation Management
DATE: 2009/06/08::
3
Echo Global Logistics Q4 Timelapse
Echo Global Logistics Q4 Timelapse
DATE: 2014/10/14::
4
Douglas Waggoner of Echo Global Logistics | Bootstrapping in America
Douglas Waggoner of Echo Global Logistics | Bootstrapping in America
DATE: 2014/08/15::
5
Echo Global Logistics Specialized Projects
Echo Global Logistics Specialized Projects
DATE: 2014/10/14::
6
Brill Street Top 50 Echo Global Logistics
Brill Street Top 50 Echo Global Logistics
DATE: 2009/11/17::
7
Exclusive Interview: Doug Waggoner, CEO of Echo Global Logistics (ECHO)
Exclusive Interview: Doug Waggoner, CEO of Echo Global Logistics (ECHO)
DATE: 2011/10/11::
8
Echo Global Logistics, Dallas Branch
Echo Global Logistics, Dallas Branch's Third Annual Pie Eating Competition
DATE: 2015/03/13::
9
LTL Shipping Integration for Sage ERP Powered by Echo Global Logistics
LTL Shipping Integration for Sage ERP Powered by Echo Global Logistics
DATE: 2015/04/16::
10
Echo Dallas Second Annual Pie Eating Competition
Echo Dallas Second Annual Pie Eating Competition
DATE: 2014/03/14::
11
Orazio Buzza of Fooda | Bootstrapping in America
Orazio Buzza of Fooda | Bootstrapping in America
DATE: 2013/05/03::
12
Echo Dallas Valympics 2014
Echo Dallas Valympics 2014
DATE: 2014/04/06::
13
Eric Lefkofsky - co-founder of several firms including Lightbank and Groupon
Eric Lefkofsky - co-founder of several firms including Lightbank and Groupon
DATE: 2012/06/13::
14
Passfail.com News: Wednesday 2/20 Insider Buying Report: ECHO, KRO
Passfail.com News: Wednesday 2/20 Insider Buying Report: ECHO, KRO
DATE: 2013/02/20::
15
Orazio Buzza, CEO, Fooda, Inc.
Orazio Buzza, CEO, Fooda, Inc.
DATE: 2013/12/05::
16
Top Truckers That May Take Advantage of a Sweet Spot in M&A Cycle
Top Truckers That May Take Advantage of a Sweet Spot in M&A Cycle
DATE: 2015/02/26::
17
Brad Keywell - On Building Companies That Work
Brad Keywell - On Building Companies That Work
DATE: 2010/11/05::
18
Evolved Transportation Management
Evolved Transportation Management
DATE: 2011/07/22::
19
xkzero at Sage Summit 2013
xkzero at Sage Summit 2013
DATE: 2013/07/19::
20
Morgan Stanley Lowers 2010, 2011 EPS Estimates, And 2010 Yearend PT To $17 (NASDAQ: ECHO)
Morgan Stanley Lowers 2010, 2011 EPS Estimates, And 2010 Yearend PT To $17 (NASDAQ: ECHO)
DATE: 2010/02/23::
21
Global Logistics Management and Business at the W. P. Carey School
Global Logistics Management and Business at the W. P. Carey School
DATE: 2014/10/09::
22
Swift Global Logistics
Swift Global Logistics
DATE: 2008/02/05::
23
Fast Global Logistics
Fast Global Logistics
DATE: 2010/03/17::
24
Global Logistics & Transportation Professional Certificate Program at the School of Business
Global Logistics & Transportation Professional Certificate Program at the School of Business
DATE: 2013/04/01::
25
GLS Global Logistics Capstone Project
GLS Global Logistics Capstone Project
DATE: 2008/02/05::
26
Global Logistics Management - สำนักโลจิสติกส์ กรมอุตสาหกรรมพื้นฐานและการเหมืองแร่
Global Logistics Management - สำนักโลจิสติกส์ กรมอุตสาหกรรมพื้นฐานและการเหมืองแร่
DATE: 2014/09/19::
27
Echo Logistics Holiday Party
Echo Logistics Holiday Party
DATE: 2013/12/20::
28
Seneca College - Global Logistics and Supply Chain Management
Seneca College - Global Logistics and Supply Chain Management
DATE: 2010/12/21::
29
Global Logistics - Logistica  & Supply Chain
Global Logistics - Logistica & Supply Chain
DATE: 2013/03/29::
30
TOLL Global Logistics
TOLL Global Logistics
DATE: 2010/04/12::
31
Manhattan Associates talks to Global Logistics Media
Manhattan Associates talks to Global Logistics Media
DATE: 2011/06/12::
32
Life at Echo!
Life at Echo!
DATE: 2014/12/22::
33
Echo Logistics Softball
Echo Logistics Softball
DATE: 2014/07/30::
34
Darknet / Exoriare: Black Echo Global Forager Win
Darknet / Exoriare: Black Echo Global Forager Win
DATE: 2009/12/04::
35
TLMT 201 Retail Transportation - International & Global Logistics
TLMT 201 Retail Transportation - International & Global Logistics
DATE: 2010/07/27::
36
Global Logistics Template Management
Global Logistics Template Management
DATE: 2009/10/23::
37
Vinpac Shenzhen - Global logistics solution
Vinpac Shenzhen - Global logistics solution
DATE: 2009/03/10::
38
2012 Georgia Logistics Summit: Sustaining the Health of the Global Logistics Ecosystem
2012 Georgia Logistics Summit: Sustaining the Health of the Global Logistics Ecosystem
DATE: 2012/03/05::
39
Flash Global Logistics
Flash Global Logistics
DATE: 2011/08/17::
40
Bedrijfspresentatie Global Logistics
Bedrijfspresentatie Global Logistics
DATE: 2009/11/26::
41
US Logistics | Cincinnati, OH Freight Brokers
US Logistics | Cincinnati, OH Freight Brokers
DATE: 2013/12/11::
42
Cash Cube Final at Echo Logistics
Cash Cube Final at Echo Logistics
DATE: 2014/07/23::
43
Aerostar Global Logistics Trade Show
Aerostar Global Logistics Trade Show
DATE: 2011/11/04::
44
Global Logistics Joomla 1.5 Template Presentation
Global Logistics Joomla 1.5 Template Presentation
DATE: 2009/10/19::
45
Echo Experts: SVP of Operations Mike Mobley
Echo Experts: SVP of Operations Mike Mobley
DATE: 2014/12/18::
46
Echo in the Community
Echo in the Community
DATE: 2014/09/19::
47
SUNRISE GLOBAL LOGISTICS
SUNRISE GLOBAL LOGISTICS
DATE: 2009/10/13::
48
Echo vs Load Delivered
Echo vs Load Delivered
DATE: 2014/10/06::
49
Echo Experts: VP of Carrier Sales Jay Gustafson
Echo Experts: VP of Carrier Sales Jay Gustafson
DATE: 2014/12/11::
50
How Logistics Facilitate an Efficient Freight Transportation System
How Logistics Facilitate an Efficient Freight Transportation System
DATE: 2013/06/26::
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Echo Global Logistics
Public (NASDAQECHO)
Industry Third-Party Logistics (3PL)
Founded 2005
Headquarters Chicago, Illinois, USA
Key people

CEO: Douglas R. Waggoner

Co-Founders: Brad Keywell & Eric Lefkofsky
Revenue $1,170,000,000 USD (FY 2014)
Website www.echo.com

Echo Global Logistics, Inc. (Nasdaq: ECHO) is a 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 transportation providers to serve its clients’ needs.[1][2] Offering freight brokerage and Managed Transportation services across all major modes, Echo works to simplify the critical tasks involved in transportation management.[3]

History[edit]

Echo was established as a logistics division for InnerWorkings, a web-based printing company in Chicago, Illinois. In 2005 InnerWorkings founder Eric Lefkofsky and business partner Brad Keywell expanded the logistics division into a Delaware Limited Liability Company (LLC).[4]

In 2006 Douglas R. Waggoner became CEO of Echo, bringing with him extensive experience in the transportation industry. Waggoner had previously founded freight management software provider SelecTrans LLC, which he sold to Echo in 2006.[5][6] As CEO of Echo, Waggoner has led the development of proprietary technology and algorithms to create multimodal transportation management solutions.

When Echo completed its initial public offering on October 2, 2009, its common stock became listed on the NASDAQ Global Market under the ticker symbol “ECHO.”[7]

Expansion and acquisitions[edit]

Headquartered in Chicago, Illinois, Echo has over 30 locations across the US. The company organically expanded by opening sales offices in Troy, Michigan; Atlanta, Georgia; Dallas, Texas; and Nashville, Tennessee.[8][9]

Echo has also achieved growth through its M&A strategy, acquiring 19 companies for their mode expertise, geographical presence, technology solutions, and cultural fit. The company’s first acquisitions of Transportation Management Group (TMG) and BestWay in 2007 in particular established a West Coast and Pacific Northwest presence for Echo.[10][11]

2010 brought five acquisitions. Freight Lanes International (FLI), DNA Freight, Lubenow Logistics, Resource Group Associates (RGA), and Distribution Specialists provided Echo with an expanded presence across the US and augmented its truckload, expedited, and LTL capabilities.[12]

Since 2010 Echo has acquired Nationwide Traffic Services, Trailer Transport Systems (TTS), Advantage Transport, Sharp Freight Systems, Purple Plum Logistics, OpenMile, One Stop Logistics, Comcar Logistics, and Xpress Solutions.[13][14][15][16] [17][18][19][20] Strengthening the nationwide presence of Echo, these acquisitions have also improved its technology solutions and mode capabilities, especially its skill in intermodal and temperature-controlled offerings.

Services[edit]

The specific transportation management services Echo provides include truckload, less-than-truckload, intermodal, specialized services, international air and ocean, partial truckload, and small parcel.

Truckload: Truckload shipments require a full trailer to move. Echo maintains a network of over 30,000 truckload contract carriers and private fleets, allowing clients to ship using flatbed, dry-van, and temperature-controlled equipment.[21]

Partial truckload: Partial truckload shipments are high-volume LTL shipments. Echo works with thousands of partial-truckload consolidators.[22]

Less-than-truckload (LTL): Less-than-truckload shipments consist of six pallets or fewer, weigh less than 7,500 pounds, and take up 12 feet or less of trailer space. Echo has pre-negotiated partnerships with national and regional LTL carriers.[23]

Intermodal: Echo has relationships with intermodal rail providers (including Union Pacific, CSX, Canadian National Railway, and BNSF Railway) that have a capacity of over 100,000 dry-van and temperature-controlled containers.[24]

Specialized services: More specialized transportation management services include expedited shipments, volume shipments that are more than five pallets or over 6,000 pounds, white glove/final mile deliveries, and residential deliveries.[25]

International air and ocean: Echo has access to a prequalified network of freight forwarders as well as tariff and customs information.[26]

Small parcel: Small parcel shipments are individual packages. Echo manages small parcel reporting, carrier selection and negotiation, freight bill pay and audit, and filing Guaranteed Service Recovery (GSR) claims.[27]

Echo also offers a Managed Transportation service that is specific to each client. Each solution includes a complete audit of the client’s transportation spend and process, a full savings analysis, and an account team that can manage one mode to a full transportation network.[28]

Other logistics services Echo offers include rate negotiation, routing compliance, shipment execution and tracking, freight bill audit, and payment and performance management. The company also employs a carrier qualification process based on established vetting procedures and a set of safety criteria that carriers must meet. Echo monitors its carrier database with integrated technology, which tracks changes in a carrier’s insurance, operating authority, or safety rating. It utilizes third-party resources standard in the logistics industry to complement carrier vetting procedures.

Technology[edit]

Echo uses proprietary technology to provide transparency into a client's logistics network and spend. Parties throughout the shipment process can operate from portals on the same platform.[29]

Echo has designed both web-based and mobile technology. Web-based applications include:

  • EchoTrak™, a web portal that allows clients to view shipment details such as tracking and payment statuses
  • RateIQ™ 2.0, a rates tool that provides real-time pricing and transit time information from LTL carriers
  • EchoIQ™, a platform used by Echo employees to create dashboards that measure and display a client’s supply chain metrics
  • FastLane, a tool that lets carriers browse available loads, provide tracking updates, view performance reports, and upload load documents online[30]

Mobile applications include:

  • EchoTrak Mobile, an app that lets clients view shipment details on their smartphone
  • FastLane Mobile, an app that lets carriers browse loads, deliver tracking updates, and upload documents using their smartphone
  • Mobile tracking, which pings drivers’ phones to provide real-time locations as well as visibility into potential service issues before they occur[31]

Corporate social responsibility[edit]

The Echo Corporate Citizenship Committee helps employees participate in volunteer opportunities such as blood drives, food drives, tutoring, environmental cleanups, medical research fundraisers, and community service events.[32]

Echo is a member of the U.S. Environmental Protection Agency’s (EPA) SmartWay Transport Partnership.[33] The Partnership stipulates that Echo provide alternative equipment and service options for over-the-road shipping that help reduce their clients' carbon footprints.[34]

Awards[edit]

  • Inbound Logistics Reader’s Choice Top 10 3PL Providers (2011-2014)[35]
  • Inbound Logistics Top 100 3PL Providers (2007-2014)[36]
  • Transport Topics Top 25 Brokerage Firms, Warehousing Firms, Dedicated Contract Carriers and Freight Forwarders (2014)[37]
  • Transport Topics Top 25 Freight Brokerage Firms (2013)[38]
  • Global Trade Top 10 3PL (2013)[39]
  • Forbes’ Best Small Companies in America (2013)[40]
  • Crain’s Chicago Business Fast Fifty: Chicago’s Fastest-Growing Companies (2011-2014)[41]
  • Top 50 Chicago Generation Y Employers (2013)
  • Built in Chicago’s Top 100 Digital Companies in Chicago (2013 & 2014)[42][43]
  • Chicago Innovation Awards Top 100 Finalist (2013)[44]
  • Arizona Business Magazine’s Top 40 Most Admired Companies (2013)[45]
  • Logistics Management Quest for Quality award in the Third-Party Logistics Companies (2010)[46]
  • Crain’s Chicago Business Chicago’s Largest Public Companies (2010)
  • Ernst & Young Entrepreneur of the Year to Echo CEO Doug Waggoner (2009)[47]
  • Inc. 500 Fastest Growing Companies (2009)
  • Chicago’s 101 Best and Brightest Companies to Work For (2008 & 2009)[48]

Notes[edit]

  1. ^ ""Profile: Echo Global Logistics, Inc. (ECHO.OQ)," Reuters". 
  2. ^ ""Echo Global Logistics - Truckload"". 
  3. ^ ""About Echo Global Logistics"". 
  4. ^ ""SECURITIES AND EXCHANGE COMMISSION - Echo Global Logistics"". 
  5. ^ ""Echo Global Logistics, Inc. Acquires SelecTrans, LLC"". 
  6. ^ ""Echo Global Logistics Executive Team"". 
  7. ^ ""Echo Global Logistics Announces Pricing of Its Initial Public Offering"". 
  8. ^ ""Echo Global Logistics Announces Opening of New Office in Atlanta, Georgia"". 
  9. ^ ""Echo Global Logistics Announces Opening of New Office in Dallas, Texas"". 
  10. ^ ""Echo Global Logistics, Inc. Acquires Mountain Logistics, Inc."". 
  11. ^ ""Echo Global Logistics, Inc. Acquires BestWay Solutions, LLC"". 
  12. ^ ""Echo Global Logistics FORM 10-Q"". 
  13. ^ ""Echo Global Logistics, Inc Acquires Trailer Transport Systems"". 
  14. ^ ""Echo Global Logistics, Inc. Acquires Advantage Transport"". 
  15. ^ ""Echo Global Logistics, Inc. Acquires Sharp Freight Systems, Inc."". 
  16. ^ ""Echo Global Logistics, Inc. Acquires Purple Plum Logistics, LLC"". 
  17. ^ ""Echo Global Logistics, Inc. Acquires Open Mile, Inc."". 
  18. ^ ""Echo Global Logistics, Inc. Acquires One Stop Logistics, Inc."". 
  19. ^ ""Echo Global Logistics Acquires Truckload Broker Comcar Logistics"". 
  20. ^ ""Echo Global Logistics, Inc. Acquires Xpress Solutions, Inc."". 
  21. ^ ""Echo Global Logistics Truckload"". 
  22. ^ ""Echo Global Logistics Partial truckload"". 
  23. ^ ""Echo Global Logistics LTL"". 
  24. ^ ""Echo Global Logistics Intermodal"". 
  25. ^ ""Echo Global Logistics Specialized"". 
  26. ^ ""Echo Global Logistics International air and ocean"". 
  27. ^ ""Echo Global Logistics Small Parcel"". 
  28. ^ ""Echo Global Logistics Managed Transportation"". 
  29. ^ ""Echo Global Logistics Technology"". 
  30. ^ ""Echo Global Logistics Fastlane"". 
  31. ^ ""Echo Global Logistics Mobile tracking"". 
  32. ^ ""Echo Global Logistics Life at Echo"". 
  33. ^ ""Echo Global Logistics' Joins EPA's SmartWay Transport Partnership, Achieves Highest Possible Score"". 
  34. ^ ""Echo Global Logistics Intermodal"". 
  35. ^ ""Echo Global Logistics News"". 
  36. ^ ""Inbound Logistics Top 100 3PL Providers"". 
  37. ^ ""Transport Topics Top 25 Brokerage Firms"". 
  38. ^ ""Transport Topics Top 25 Freight Brokerage Firms"". 
  39. ^ ""Global Trade Top 10 3PL"". 
  40. ^ ""Forbes’ Best Small Companies in America"". 
  41. ^ ""Crain’s Chicago Business Fast Fifty: Chicago’s Fastest-Growing Companies"". 
  42. ^ ""Echo Global Logistics Named a Top 100 Finalist for 2013 Annual Chicago Innovation Awards"". 
  43. ^ ""Echo Global Logistics Recognized on Built in Chicago's 2014 Top 100 Digital Companies in Chicago List"". 
  44. ^ ""Chicago Innovation Awards Top 100 Finalist"". 
  45. ^ ""Arizona Business Magazine’s Top 40 Most Admired Companies"". 
  46. ^ ""Logistics Management Quest for Quality award in the Third-Party Logistics Companies"" (PDF). 
  47. ^ ""Ernst & Young Entrepreneur of the Year to Echo CEO Doug Waggoner"". 
  48. ^ ""Chicago’s 101 Best and Brightest Companies to Work Fo"". 
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