Echo Global Logistics, Inc. Acquires Raytrans Distribution Services, Inc.
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CHICAGO, June 10, 2009 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc., a
technology-driven transportation management firm, has acquired Raytrans
Distribution Services, Inc., a transportation brokerage firm based in Matteson,
Illinois.
James Ray, Jr. founded Raytrans Distribution Services in 2000. Raytrans' network
of skilled transportation professionals and carriers specialize in flatbed,
over-sized, auto-haul and other specific services as well as traditional dry van
brokerage. Effective immediately, Raytrans Distribution Services will begin
doing business as Echo Global Logistics, Inc.
"We are enthused about the value that the partnership between Echo and Raytrans
will deliver to our clients," said Doug Waggoner, Chief Executive Officer of
Echo Global Logistics. "Echo will benefit from Raytrans' focus and additional
scale, while the Raytrans operation will gain from Echo's technology and mode
diversification."
"We are excited to join the Echo team," said James Ray, Jr., who will continue
as General Manager of the Raytrans Division of Echo Global Logistics. "The
Raytrans' specialization and carrier base in combination with Echo's technology
enabled procurement capabilities and additional modes of transportation will
yield significant customer benefits."
About Echo Global Logistics, Inc.
Privately-held Chicago-based Echo is a technology-driven transportation
management outsourcing firm which helps clients reduce their transportation
spend. Echo's enterprise and transactional clients range from small businesses
to Fortune 100 companies. Echo's transportation management solutions deliver
cost savings through proprietary access to unparalleled transportation market
data, custom-built world-class technology, a "best cost" global labor platform,
an extensive nationwide network of carriers, and buying leverage resulting from
the aggregated spend on behalf of Echo's clients. For more information on Echo,
visit: www.echo.com.
The Echo Global Logistics, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5293
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CONTACT: Echo Global Logistics, Inc.
Kara Smith
312-676-5795
ksmith@echo.com
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