| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
27 |
| Employees |
2,350 |
| Revenues (TTM) (Millions $) |
3,475 |
| Net Income (TTM) (Millions $) |
58 |
| Cash Flow (TTM) (Millions $) |
6 |
| Capital Exp. (TTM) (Millions $) |
29 |
Business Description
We satisfy the market demand for freight transportation solutions by delivering
a competitive value proposition that combines advanced technology, excellent client
service, competitive pricing and highly customized transportation solutions to
businesses seeking external transportation management expertise. As a non-asset
based provider of technology-enabled transportation and logistics services, our
solutions offerings take many forms, including multi-modal transportation brokerage
and logistics services.
Mode-Specific Offerings
For our Transactional clients, Echo offers a wide array of shipping options from
which to choose:
Truckload. We provide TL service across all TL segments, including dry van, temperature-controlled
and flatbed trucks. Our Truckload Quoting Tool technology uses our predictive
pricing algorithms, industry relationships and historical lane-specific price
and capacity data to quickly satisfy our clients TL needs.
Less than Truckload. We maintain relationships with, and utilize the vast majority
of, LTL carriers in the market. Using our innovative RateIQ 2.0 technology, we
obtain real-time price and transit time information for every LTL shipment we
broker.
Small Parcel. We provide small parcel services for packages of all sizes. Using
our EchoPak technology, we often are able to deliver cost saving opportunities
to those clients with significant small parcel freight spend.
Intermodal. Intermodal transportation is the shipping of freight by multiple modes.
We offer intermodal transportation services for our clients that utilize a combination
of truck and rail. Our dedicated intermodal team can select the combination of
truck and rail service that best satisfies each clients individual price and
shipment criteria.
Domestic Air and Expedited Services. We provide domestic air and expedited shipment
services for our clients whose delivery requirements cannot be satisfied by traditional
over the road service.
International. For clients seeking the ease of a comprehensive international delivery
option, we provide air and ocean transportation services. Dedicated account teams
are able to consolidate shipments, coordinate routing, prearrange custom clearance
and organize local pick-up and delivery, all in an effort to minimize the time
and economic burdens associated with international shipping.
Logistics Services Offering
Many clients prefer a comprehensive and customized freight management solution
that maximizes system-wide efficiencies as well as cost savings. In these instances,
the shippers outsource their freight management needs to us. For these shippers,
often part of our Managed Transportation group, we develop a plan involving a
wide range of multi-modal freight brokerage services that often includes the redesign
and reengineering of distribution networks that connect a client to its suppliers
and customers.
Transportation management and logistics services that we provide to such clients
can include:
Rate negotiation;
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 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 ("ERP") integration with transactional
shipment data;
Integration of shipping applications into client e-commerce sites; and
Back-end reports customized to the internal reporting needs of the business
Company Address: 600 West Chicago Avenue Chicago 60654 IL
Company Phone Number: 354-7993 Stock Exchange / Ticker: NASDAQ ECHO
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