News / Sixth successive quarter of record revenue for buoyant EGL

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Echo Global Logistics has set new quarterly records for revenue and profitability, driven by strong rate growth amid constrained capacity and heightening demand.

Chief executive Douglas Waggoner told investors July had been one of the “biggest” months ever seen by the company, in terms of demand.

However, he added: “Subsequent to July, the market has softened a bit and spot prices have been moving downward.

“Having said that, truckload rates remain very high by historic standards and many of the key drivers that impact truckload capacity, ...