Higher revenue, but tighter net margins at Echo Global Logistics

echo-office

By Gavin van Marle

26/07/2018

Chicago-based freight broker and 3PL Echo Global Logistics has grown steeply in the past few quarters as its many acquisitions turned accretive, and yesterday the firm reported a 35% growth in revenues year-on-year. Net revenue was up 31% to $106.8m, and adjusted ebitda up 74% to $24.4m. Like many other firms involved in the US road freight, the company is benefiting from tight trucking capacity and growing demand, according to this report from Freightwaves.

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