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Echo Global Logistics, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Oct 26, 2021. Its latest SEC filing is a 15-12B from Dec 7, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Arranges truckload and less-than-truckload shipping and provides transportation management and logistics services to business shippers.

How Did They Make Money?

Clients pay Echo for freight brokerage and transportation-management services: transactional work is arranged shipment by shipment, while managed services are contracted; revenue is earned as each shipment moves from origin to destination.

revenue

Who Were Their Customers?

Echo serves shippers in manufacturing, construction, food and beverage, consumer products and retail. Transactional clients use its services shipment by shipment; Managed Transportation clients contract for some or substantially all of their transportation-management needs.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in .

Operating income,
1% of revenue
▼ −15% vs ($34.5M, 2%)
Net income,
1% of revenue
▲ +7% vs ($14.8M, 1%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +43%
vs $691.5M in Q3 FY2020
Net income
▲ +178%
vs $6.8M in Q3 FY2020
  • Nov 23, 2021 The Jordan Company completed its acquisition of Echo Echo survived the merger as a wholly owned subsidiary of Parent; trading in its common stock was suspended.

Grew. Revenue grew 46% in 4 years, from $1.7B in to $2.5B in , about 10% a year.

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