Profile: Echo Global Logistics Inc (ECHO.OQ)
21 Oct 2016
Echo Global Logistics, Inc., incorporated on June 7, 2006, is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. The Company focuses primarily on arranging transportation by truckload (TL) and less than truckload (LTL) carriers. It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. The Company's core logistics services include rate negotiation, shipment execution and tracking, carrier management, routing compliance and performance management reporting. It procures transportation and provides logistics services for clients across industries, such as manufacturing, construction, consumer products and retail. Its clients fall into two categories: Managed Transportation and Transactional. Its technology platform (Optimizer) is fundamental to its operating system and solutions offering.
The Company enters into multi-year contracts with its Managed Transportation clients, which are often on an exclusive basis for a specific transportation mode or point of origin. As part of its value proposition, it also provides core logistics services to these clients. Each Managed Transportation client is assigned one or more dedicated account executives. In limited instances, a Managed Transportation client will request that its account executives work on-site at the client's location. It also provides small parcel consulting services to a limited number of its Managed Transportation clients. For shippers, often part of its Managed Transportation group, the Company develops a plan involving a range of multi-modal freight brokerage services that often includes the redesign and re-engineering of distribution networks that connect a client to its suppliers and customers. Its transportation management and logistics services include procurement of transportation, both contractually and in the spot market; shipment execution and tracking; carrier management, selection, reporting and compliance; executive dashboard presentations and detailed shipment reports; freight bill audit and payment; claims processing and service refund management; design and management of inbound client freight programs, and individually configured Web portals and self-service data warehouses.
The Company services Transactional clients on a shipment-by-shipment basis. As a non-asset-based provider of technology enabled transportation and logistics services, the Company's solutions take many forms, including multi-modal transportation brokerage and logistics services. The Company provides TL service across all TL segments, including dry van, temperature-controlled and flatbed trucks. Its Truckload Quoting Tool technology uses its predictive pricing algorithms, industry relationships and historical lane-specific price and capacity data. The Company provides small parcel services for packages of all sizes. The Company offers intermodal transportation services for its clients that utilize a combination of truck and rail. The Company provides domestic air and expedited shipment services for its clients whose delivery requirements cannot be satisfied by traditional over the road service. The Company provides air and ocean transportation services.
Echo Global Logistics Inc
600 W Chicago Ave Ste 725
CHICAGO IL 60654-2522