Echo Global Logistics seeks new acquisition targets as it eyes growth

It looks as if there will be further consolidation in the US after Echo Global Logistics, the Chicago-based freight broker, is on the lookout for a new acquisition. The company has gone through a series of acquisitions, reports the WSJ, but the last was in April 2015 and it is now ready for more. But apparently it’s not the only one looking for M&A growth, a trend triggered by a flat market and lack of scale among some players. Echo is taking it seriously – and has hired an investment bank analyst to work on deals.