News / The cyclical nature of freight 'rears its ugly head' for Echo Global Logistics

North American road freight operator Echo Global Logistics was unable to mitigate against a weak market in 2019 and suffered double-digit decreases in revenues and profits.

Yesterday it reported a full-year decline in revenues of 10.4% to $2.19bn, while ebitda dropped 19.2% to finish the year at $72.9m.

Its full-year results were hit by worsening conditions in the fourth quarter – identical to those reported by CH Robinson last week – where excess freight capacity combined with weak volumes to produce a ...