News / Improved third quarter result revives Echo profit hopes, as rising costs bite

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Increased selling, general, administrative and transport costs ate into Echo Logistics’ nine-month profits, but the company managed to post a slight improvement in Q3 profits.

Year to date, Echo reported a $725,727 net loss, compared with a $4.5m profit in 2016, as transport prices increased $90m and other costs grew by $4m, effectively wiping out revenue gains.

Despite growing 6.6%, in real terms, revenues for the nine months to September ($1.39bn) were up $86m. This resulted in a halving of income from operations, down from $16.8m for ...