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Doug Waggoner, CEO of Echo Global Logistics
Doug Waggoner, CEO of Echo Global Logistics
::2014/06/09::
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Echo Global Logistics - Evolved Transportation Management
Echo Global Logistics - Evolved Transportation Management
::2009/06/08::
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Echo Global Logistics Specialized Projects
Echo Global Logistics Specialized Projects
::2014/10/14::
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Echo Logistics Holiday Party
Echo Logistics Holiday Party
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Brill Street Top 50 Echo Global Logistics
Brill Street Top 50 Echo Global Logistics
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Douglas Waggoner of Echo Global Logistics | Bootstrapping in America
Douglas Waggoner of Echo Global Logistics | Bootstrapping in America
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Echo Global Logistics Q4 Timelapse
::2014/10/14::
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Exclusive Interview: Doug Waggoner, CEO of Echo Global Logistics (ECHO)
Exclusive Interview: Doug Waggoner, CEO of Echo Global Logistics (ECHO)
::2011/10/11::
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Echo Global Logistics - Manager 3.0 Workshop Teaser
Echo Global Logistics - Manager 3.0 Workshop Teaser
::2013/10/30::
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Echo CEO Sees Upturn Ahead
Echo CEO Sees Upturn Ahead
::2013/05/08::
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Echo
Echo's Proprietary Technology
::2011/07/22::
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Orazio Buzza of Fooda | Bootstrapping in America
Orazio Buzza of Fooda | Bootstrapping in America
::2013/05/03::
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Echo Dallas Second Annual Pie Eating Competition
Echo Dallas Second Annual Pie Eating Competition
::2014/03/14::
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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
::2015/02/26::
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Eric Lefkofsky - co-founder of several firms including Lightbank and Groupon
Eric Lefkofsky - co-founder of several firms including Lightbank and Groupon
::2012/06/13::
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Passfail.com News: Wednesday 2/20 Insider Buying Report: ECHO, KRO
Passfail.com News: Wednesday 2/20 Insider Buying Report: ECHO, KRO
::2013/02/20::
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Orazio Buzza, CEO, Fooda, Inc.
Orazio Buzza, CEO, Fooda, Inc.
::2013/12/05::
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Evolved Transportation Management
Evolved Transportation Management
::2011/07/22::
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Passfail.com News: Tuesday 3/26 Insider Buying Report: ECHO, PFLT
Passfail.com News: Tuesday 3/26 Insider Buying Report: ECHO, PFLT
::2013/03/26::
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Passfail.com News: Tuesday 3/26 Insider Buying Report: ECHO, PFLT
Passfail.com News: Tuesday 3/26 Insider Buying Report: ECHO, PFLT
::2013/03/27::
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Round Table, July 2012
Round Table, July 2012
::2012/08/01::
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Brad Keywell - On Building Companies That Work
Brad Keywell - On Building Companies That Work
::2010/11/05::
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xkzero at Sage Summit 2013
xkzero at Sage Summit 2013
::2013/07/19::
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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)
::2010/02/23::
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::2013/01/02::
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::2012/08/10::
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::2012/08/28::
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Swift Global Logistics
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Global Logistics & Transportation Professional Certificate Program at the School of Business
Global Logistics & Transportation Professional Certificate Program at the School of Business
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Echo Logistics Softball
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Lou Amatucci, Centarus Professional Services
Lou Amatucci, Centarus Professional Services
::2014/06/10::
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From Wikipedia, the free encyclopedia
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Echo Global Logistics
Public (NASDAQECHO)
Industry Transportation services
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, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients.[1][2] 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. The company has become a leading contender among 3PLs and has been listed in Inbound Logistics' Top 100 3PL Providers.[3] In 2011, Echo has procured transportation and provided logistics services for more than 22,700 clients across industries such as manufacturing, construction, consumer products and retail.[4]

History[edit]

Echo Global Logistics, Inc. was established as a logistics division for InnerWorkings, a web-based printing company in Chicago. In 2005, InnerWorkings founder Eric Lefkofsky decided to expand the logistics division into an independent company. Lefkofsky, most recently known for creating the social-coupon Website Groupon, is an expert on using the power of technology and the Internet to update an industry. With this in mind, Lefkofsky and fellow co-founder Brad Keywell set out to create Echo Global Logistics, a transportation and logistics outsourcing business.[5]

In December 2006, Douglas R. Waggoner became the CEO of Echo and brought his extensive experience in the transportation industry. Under the leadership of Waggoner, Echo combined technology and transportation in order to provide solutions for shippers.[6] Waggoner has been recognized for his contributions to the transportation and business world. In 2009, Ernst & Young selected Waggoner as the Entrepreneur of the Year.[7]

In 2007, Echo acquired SelecTrans, Mountain Logistics and Best Way Solutions.[8] They also opened three regional branches in Los Angeles, Portland, and Park City, Utah. In 2009, Echo made acquired Freight Management and RayTrans Distribution.[8] On October 2, 2009 Echo went public on NASDAQ.[9]

In April 2010, Echo opened a new office in Dallas, Texas.[10] In March 2010, the company opened another office in Atlanta, Georgia.[11]

Services[edit]

Echo provides transportation services for shipping including:

  • Truckload (TL)
  • Less-than-truckload (LTL)
  • Small parcel
  • Intermodal
  • Domestic air
  • International
  • Expedited

Main logistics services include:

  • Rate negotiation
  • Carrier management
  • Routing compliance
  • Shipment execution and tracking
  • Freight bill audit
  • Payment and performance management[12]

Technology[edit]

Echo developed Evolved Transportation Management (ETM) technology; a web-based proprietary software application that allows the company to analyze the transportation requirements of each client and create customized solutions.[13] ETM provides supply chain visibility, and shipment execution throughout all modes of transportation. The technology allows clients to manage transportation and logistics fees and navigate their way through the complexities in the transportation and supply chain functions.[12] Working with ETM, Echo employs technology portals, that include:

  • EchoTrakTM , a customized web-based transportation management displaying details of shipments and automatic alerts to email,
  • RatelQTM , a rating tool for LTL,
  • LanelQTM , rate and price quoting engine for truckload shipments,
  • Optimizer Tracking , performance ratings of carriers and shipment data,
  • Optimizer Imaging , stores digital images of shipping documents.[14]

Carriers[edit]

Echo works with carriers specializing in truckload, less-than-truckload, expedited, international and small parcel carriers.[15] To ensure the quality control, Echo employs a Carrier Certification Program. The program ranks carriers by relevance and appropriateness for all shipments. The carrier list is updated and maintained according to performance, rate negotiation and other quality standards. All carriers working with Echo are licensed, insured, and adhere to safety rules.[16]

Commitment to the environment[edit]

In February 2010, Echo joined the U.S. Environmental Protection Agency's (EPA) SmartWay Transport Partnership, an initiative with the goal of environmentally cleaner, more fuel efficient transportation options. The Company achieved a score 1.25, which is the highest possible rating, representing "outstanding environmental performance”.[17]

Competitors[edit]

Competitors of Echo include RR Donnelley Logistics, Network Global Logistics, Access America Transport, CH. Robinson Worldwide, Freightquote.com, Ozburn-Hessey Logistics, Total Quality Logistics, Transplace, Schneider National, FedEx, JB Hunt, ABF, YRC, Conway[disambiguation needed] and UPS.[1]

External links[edit]

Notes[edit]

  1. ^ a b ""Profile: Echo Global Logistics, Inc. (ECHO.OQ)," Reuters". 
  2. ^ ""Echo Global Logistics, Inc. (ECHO) Chief Executive Officer to Ring The NASDAQ Stock Market Opening Bell," NASDAQ". 
  3. ^ ""Top 100 3PL Providers of 2010," Inbound Logistics". 
  4. ^ ""Echo Global Logistics Recognized #2 in Crain's Chicago Business Fast Fifty 2011," Yahoo Finance". 
  5. ^ Dahl, Darren (November 17, 2010). ""A Business Creator Sees Big Returns From Social Media," New York Times, November 17, 2010". The New York Times. 
  6. ^ ""Entrepreneur of the Year: Driving Force: How Doug Waggoner reinvented Echo Global Logistics," SmartBusiness, July 2010". 
  7. ^ ""Winners for Ernst & Young Entrepreneur Of The Year 2009 awards in Midwest announced," Ernst & Young, June 26, 2009". 
  8. ^ a b ""Echo Global Logistics Inc. Mergers and Acquisitions," AlactraStore". 
  9. ^ ""Echo Global Logistics Company Growth," Echo.com". 
  10. ^ ""Echo Global Logistics Opens Dallas Office," The Journal of Commerce, April 6, 2010". 
  11. ^ ""Echo Global Logistics Announces Opening of New Office in Atlanta, Georgia," SupplyChainNetwork.com, March 9, 2010". 
  12. ^ a b ""Echo Global Logistics, Inc.," Answers.com". 
  13. ^ ""About Echo Global Logistics," Echo.com". 
  14. ^ ""Echo Global Logistics Technology," Echo.com". 
  15. ^ ""Profile: Echo Global Logistics," Inbound Logistics". 
  16. ^ ""Echo Global Logistics Carriers," Echo.com". 
  17. ^ ""Echo Global Logistics' Joins EPA's SmartWay Transport Partnership, Achieves Highest Possible Score," TradingMarkets.com, February 12, 2010". 
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