Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, domestic air, and expedited and international. It also provides various transportation management and logistics services, which include rate negotiation; procurement of transportation; shipment execution and tracking; carrier management, selection, reporting, and compliance; executive dashboard presentations and detailed shipment reports; freight bill payment and audit; claims processing and service refund management; design and management of inbound client freight programs; individually configured web portals and self-service data warehouses; enterprise resource planning integration with transactional shipment data; and integration of shipping applications into client e-commerce sites, as well as back-end reports customized to the internal reporting needs of the business. The company serves manufacturing, construction, food and beverage, consumer products, and retail industries. Echo Global Logistics, Inc. was founded in 2005 and is headquartered in Chicago, Illinois.
IPO Year: 2009
Exchange: NASDAQ
Website: echo.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/21/2021 | Outperform → Market Perform | Barrington Research | |
| 9/13/2021 | $42.00 → $48.25 | Buy → Hold | Stifel |
| 9/13/2021 | $36.00 → $48.25 | Buy → Hold | Truist Securities |
| 7/8/2021 | $28.00 → $29.00 | Equal-Weight | Morgan Stanley |
TKO Group Holdings, Inc. (NYSE:TKO) ("TKO"), a premium sports and entertainment company, has appointed Brad Keywell to its Board of Directors, effective today. Keywell, an accomplished entrepreneur with deep expertise in technology and artificial intelligence, brings significant experience in innovation and industry disruption to the Board. He has co-founded and led multiple companies, including Groupon, Echo Global Logistics, MediaOcean, and Uptake Technologies, where he is currently Founder and Executive Chairman. He is the 2019 EY World Entrepreneur of the Year, only the third US entrepreneur ever to receive the global honor, in addition to being named the overall 2018 EY Entrepreneur
CHICAGO, Nov. 23, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO) ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, today announced that it has been acquired for $48.25 per share in cash by an affiliate of The Jordan Company, L.P., a global private equity firm. ("TJC"). The acquisition was first announced on September 9, 2021 and became effective today. "The closing of this transaction, which followed a thorough review of alternatives by our Board of Directors, represents a new and exciting chapter for our Company, our talented and dedicated employees, and the clients and carriers we serve," said Doug Waggoner, Chairman of
CHICAGO, Nov. 19, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO) ("Echo" or the "Company"), a leading provider of technology-enabled transportation and supply chain management services, today announced that its stockholders approved the proposed merger of Echo and Einstein Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of Einstein MidCo, LLC ("Parent"), a Delaware limited liability company and an affiliate of The Jordan Company, L.P., a global private equity firm, pursuant to the Agreement and Plan of Merger, dated as of September 9, 2021 (the "Merger Agreement"), by and among the Company, Merger Sub and Parent. Subject to the terms of t
NEW YORK, Nov. 17, 2021 /PRNewswire/ -- Thryv Holdings Inc. (NASD:THRY) will replace Echo Global Logistics Inc. (NASD:ECHO) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, November 24. The Jordan Company is acquiring Echo Global Logistics in a deal expected to close soon. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector November 24, 2021 S&P SmallCap 600 Addition Thryv Holdings THRY Communication Services S&P SmallCap 600 Deletion Echo Global Logistics ECHO Industrials For more information about S&P Dow Jones Indices, please vis
CHICAGO, Nov. 10, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, announced today that the company has been named one of the Chicago Tribune's Top Workplaces for 2021. The recognition honors Chicagoland companies that create a positive work environment via excellence across multiple attributes. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology company, Energage LLC. The anonymous survey uniquely measures 1
CHICAGO, Nov. 3, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, has been named to the Top Green Providers list for 2021 by Food Logistics, a leading food and beverage supply chain publication. This is the fifth time Echo has received this recognition, which highlights its leadership in enhancing sustainability and reducing the food and beverage industry's transit-related carbon footprint. The only publication exclusively dedicated to covering the movement of product through the globa
CHICAGO, Oct. 26, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, today reported financial results for the quarter ended September 30, 2021. Recent Merger Announcement On September 9, 2021, Echo announced it has entered into a definitive merger agreement to be acquired by funds managed by The Jordan Company, a global private equity firm, for $48.25 per share for an equity value of approximately $1.3 billion. As such, the Company will not be updating its outlook for fiscal 2021 or longer-term targets and will not be holding a conference call to discuss the Company's financial results for the third q
CHICAGO, Oct. 6, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, announced today that Christopher Clemmensen, Senior Vice President of Marketing at Echo, was named to Crain's Chicago Business 2021 Notable Executives in Marketing list. Inclusion on the list recognizes Chicago-area marketing executives who have made a significant impact in their profession and industry. Clemmensen, who has more than 25 years of marketing experience, joined the Echo team in 2015. He leads all aspects of
CHICAGO, Sept. 28, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled transportation management services, announced today that Echo's Regional Vice President Molly Mangan won a 2021 Women in Supply Chain award from Supply & Demand Chain Executive, the only publication covering the entire global supply chain. The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network. Mangan has b
CHICAGO and NEW YORK, Sept. 10, 2021 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO) ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, today announced that it has entered into a definitive agreement to be acquired by funds managed by The Jordan Company, L.P. ("TJC"), a global private equity firm, for an equity value of approximately $1.3 billion. Through this transaction, Echo will become a private company which it expects will provide additional resources and greater flexibility to continue to build its technology and data science platform and enhance its value proposition to shippers and carriers. Additionally, the transaction