User:DemocraticLuntz/Echo Global Logistics
Echo Global Logistics, Inc. is a logistics company with a focus on managing the purchase of truckload freight capacity.[1][2]
 | |
| Company type | Public |
|---|---|
| Nasdaq: ECHO | |
| Industry | Third-Party Logistics (3PL), Transportation, Technology |
| Founder | 2005 |
| Headquarters | , USA |
Key people | Chairman & CEO: Douglas R. Waggoner,
President & COO: Dave Menzel, Co-Founders: Brad Keywell, Eric Lefkofsky |
| Revenue |  US$1.943 billion (2017)[3] |
| US$19.085 million (2017)[3] | |
| US$12.623 billion (2017)[3] | |
| Total assets | US$838.079 million (2017)[3] |
| Total equity | US$358.872 million (2017)[3] |
Number of employees | 2,453 (2017)[3] |
| Website | www |
Company History
[edit]Echo Global Logistics was established as a logistics division for InnerWorkings, a web-based printing company in Chicago, Illinois.[4] In 2005, InnerWorkings founder Eric Lefkofsky and business partner Brad Keywell expanded the logistics division into a Delaware Limited Liability Company (LLC).[5][6]
In 2006, Douglas R. Waggoner became CEO of Echo Global Logistics. Waggoner had previously founded freight management software provider SelecTrans LLC, which he sold to Echo Global Logistics in 2006.[7][8]
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."[9]
Products
[edit]The company's product deliver real-time connectivity across the supply chain.[10] Among the company's technologies is EchoShip, a self-service shipping platform. EchoDrive is a similar platform for dealing with dispatchers and drivers.[11]
Other company applications include EchoTrak, a web portal that allows customers 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 customer's supply chain metrics; and FastLane, a tool that lets carriers browse available loads, provide tracking updates, view performance reports, and upload load documents online.[12][13]
References
[edit]- ^ "Echo Global Logistics". Fortune. Retrieved 2018-10-10.
- ^ Page, Paul (2 June 2015). "Echo Global Completes Command Transportation Acquisition". Retrieved 18 February 2019.
- ^ a b c d e f "2017 Annual Report (Form 10-K)". SEC. February 27, 2018.
- ^ "InnerWorkings crew takes on logistics biz". Crain's Chicago Business. 2007-10-27. Retrieved 2018-10-10.
- ^ "SEC Filing | InnerWorkings, Inc". investor.inwk.com. Retrieved 2018-10-10.
- ^ "Life after Groupon: Eric Lefkofsky and Brad Keywell". Crain's Chicago Business. 2018-08-24. Retrieved 2018-10-10.
- ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-10-11.
{{cite web}}: Cite uses generic title (help) - ^ "ECHO Company Profile & Executives - Echo Global Logistics Inc. - Wall Street Journal". quotes.wsj.com. Retrieved 2018-10-11.
- ^ Adest, Abbi (2009-09-29). "Echo Global Logistics Expected to Deliver IPO This Week". Seeking Alpha. Retrieved 2018-10-11.
- ^ "Echo Global Logistics links its TMS with project44 – DC Velocity". www.dcvelocity.com. Retrieved 2018-10-11.
- ^ "Q&A: Doug Waggoner, Echo Global Logistics CEO". www.logisticsmgmt.com. Retrieved 2018-10-11.
- ^ "Q&A: Doug Waggoner, Echo Global Logistics CEO". www.logisticsmgmt.com. Retrieved 2018-10-11.
- ^ "Echo Global Logistics partners up with project44 to automate LTL-based shipments". www.logisticsmgmt.com. Retrieved 2018-10-11.