public nasdaq echo industry third party logistics 3pl founded 2005 headquarters chicago illinois usa key people ceo douglas r. waggoner co founders brad keywell & eric lefkofsky revenue 1 512 298 686 usd fy 2015 website www.echo.com echo global logistics inc. nasdaq echo is a provider of technology enabled transportation and supply chain management services . echo maintains a proprietary web based technology platform that compiles and analyzes data from its network of transportation providers to serve its clients needs . 1 2 offering freight brokerage and managed transportation services across all major modes echo works to simplify the critical tasks involved in transportation management . 3 contents 1 history 2 expansion and acquisitions 3 services 4 technology 5 corporate social responsibility 6 awards 7 notes history edit echo was established as a logistics division for innerworkings a web based printing company in chicago illinois . in 2005 innerworkings founder eric lefkofsky and business partner brad keywell expanded the logistics division into a delaware limited liability company llc . 4 in 2006 douglas r. waggoner became ceo of echo bringing with him extensive experience in the transportation industry . waggoner had previously founded freight management software provider selectrans llc which he sold to echo in 2006 . 5 6 as ceo of echo waggoner has led the development of proprietary technology and algorithms to create multimodal transportation management solutions . jayna cooke served as a top sales executive including sales trainer and regional manager at the company . 7 when echo completed its initial public offering on october 2 2009 its common stock became listed on the nasdaq global market under the ticker symbol echo . 8 expansion and acquisitions edit headquartered in chicago illinois echo has over 30 locations across the us . the company organically expanded by opening sales offices in troy michigan ; atlanta georgia ; dallas texas . 9 10 echo has also achieved growth through its m & a strategy acquiring 19 companies for their mode expertise geographical presence technology solutions and cultural fit . the company s first acquisitions of transportation management group tmg and bestway in 2007 in particular established a west coast and pacific northwest presence for echo . 11 12 2010 brought five acquisitions . freight lanes international fli dna freight lubenow logistics resource group associates rga and distribution specialists provided echo with an expanded presence across the us and augmented its truckload expedited and ltl capabilities . 13 since 2010 echo has acquired nationwide traffic services trailer transport systems tts advantage transport sharp freight systems purple plum logistics openmile one stop logistics comcar logistics and xpress solutions . 14 15 16 17 18 19 20 21 strengthening the nationwide presence of echo these acquisitions have also improved its technology solutions and mode capabilities especially its skill in intermodal and temperature controlled offerings . services edit the specific transportation management services echo provides include truckload less than truckload intermodal specialized services international air and ocean partial truckload and small parcel . truckload truckload shipments require a full trailer to move . echo maintains a network of over 30 000 truckload contract carriers and private fleets allowing clients to ship using flatbed dry van and temperature controlled equipment . 22 partial truckload partial truckload shipments are high volume ltl shipments . echo works with thousands of partial truckload consolidators . 23 less than truckload ltl less than truckload shipments consist of six pallets or fewer weigh less than 7 500 pounds and take up 12 feet or less of trailer space . echo has pre negotiated partnerships with national and regional ltl carriers . 24 intermodal echo has relationships with intermodal rail providers including union pacific csx canadian national railway and bnsf railway that have a capacity of over 100 000 dry van and temperature controlled containers . 25 specialized services more specialized transportation management services include expedited shipments volume shipments that are more than five pallets or over 6 000 pounds white glove final mile deliveries and residential deliveries . 26 international air and ocean echo has access to a prequalified network of freight forwarders as well as tariff and customs information . 27 small parcel small parcel shipments are individual packages . echo manages small parcel reporting carrier selection and negotiation freight bill pay and audit and filing guaranteed service recovery gsr claims . 28 echo also offers a managed transportation service that is specific to each client . each solution includes a complete audit of the client s transportation spend and process a full savings analysis and an account team that can manage one mode to a full transportation network . 29 other logistics services echo offers include rate negotiation routing compliance shipment execution and tracking freight bill audit and payment and performance management . the company also employs a carrier qualification process based on established vetting procedures and a set of safety criteria that carriers must meet . echo monitors its carrier database with integrated technology which tracks changes in a carrier s insurance operating authority or safety rating . it utilizes third party resources standard in the logistics industry to complement carrier vetting procedures . technology edit echo uses proprietary technology to provide transparency into a client s logistics network and spend . parties throughout the shipment process can operate from portals on the same platform . 30 echo has designed both web based and mobile technology . web based applications include echotrak a web portal that allows clients to view shipment details such as tracking and payment statuses rateiq 2.0 a rates tool that provides real time pricing and transit time information from ltl carriers echoiq a platform used by echo employees to create dashboards that measure and display a client s supply chain metrics fastlane a tool that lets carriers browse available loads provide tracking updates view performance reports and upload load documents online 31 mobile applications include echotrak mobile an app that lets clients view shipment details on their smartphone fastlane mobile an app that lets carriers browse loads deliver tracking updates and upload documents using their smartphone mobile tracking which pings drivers phones to provide real time locations as well as visibility into potential service issues before they occur 32 corporate social responsibility edit the echo corporate citizenship committee helps employees participate in volunteer opportunities such as blood drives food drives tutoring environmental cleanups medical research fundraisers and community service events . 33 echo is a member of the u.s. environmental protection agency s epa smartway transport partnership . 34 the partnership stipulates that echo provide alternative equipment and service options for over the road shipping that help reduce their clients carbon footprints . 35 awards edit inbound logistics reader s choice top 10 3pl providers 2011 2014 36 inbound logistics top 100 3pl providers 2007 2014 37 transport topics top 25 brokerage firms warehousing firms dedicated contract carriers and freight forwarders 2014 38 transport topics top 25 freight brokerage firms 2013 39 global trade top 10 3pl 2013 40 forbes best small companies in america 2013 41 crain s chicago business fast fifty chicago s fastest growing companies 2011 2014 42 top 50 chicago generation y employers 2013 built in chicago s top 100 digital companies in chicago 2013 & 2014 43 44 chicago innovation awards top 100 finalist 2013 45 arizona business magazine s top 40 most admired companies 2013 46 logistics management quest for quality award in the third party logistics companies 2010 47 crain s chicago business chicago s largest public companies 2010 ernst & young entrepreneur of the year to echo ceo doug waggoner 2009 48 inc. 500 fastest growing companies 2009 chicago s 101 best and brightest companies to work for 2008 & 2009 49 notes edit profile echo global logistics inc. echo.oq reuters . echo global logistics truckload . about echo global logistics . securities and exchange commission echo global logistics . echo global logistics inc. acquires selectrans llc . echo global logistics executive team . women in business q & a jayna cooke ceo & partner eventup . echo global logistics announces pricing of its initial public offering . echo global logistics announces opening of new office in atlanta georgia . echo global logistics announces opening of new office in dallas texas . echo global logistics inc. acquires mountain logistics inc. . echo global logistics inc. acquires bestway solutions llc . echo global logistics form 10 q . echo global logistics inc acquires trailer transport systems . echo global logistics inc. acquires advantage transport . echo global logistics inc. acquires sharp freight systems inc. . echo global logistics inc. acquires purple plum logistics llc . echo global logistics inc. acquires open mile inc. . echo global logistics inc. acquires one stop logistics inc. . echo global logistics acquires truckload broker comcar logistics . echo global logistics inc. acquires xpress solutions inc. . echo global logistics truckload . echo global logistics partial truckload . echo global logistics ltl . echo global logistics intermodal . echo global logistics specialized . echo global logistics international air and ocean . echo global logistics small parcel . echo global logistics managed transportation . echo global logistics technology . echo global logistics fastlane . echo global logistics mobile tracking . echo global logistics life at echo . echo global logistics joins epa s smartway transport partnership achieves highest possible score . echo global logistics intermodal . echo global logistics news . inbound logistics top 100 3pl providers . transport topics top 25 brokerage firms . transport topics top 25 freight brokerage firms . global trade top 10 3pl . forbes best small companies in america . crain s chicago business fast fifty chicago s fastest growing companies . echo global logistics named a top 100 finalist for 2013 annual chicago innovation awards . echo global logistics recognized on built in chicago s 2014 top 100 digital companies in chicago list . chicago innovation awards top 100 finalist . arizona business magazine s top 40 most admired companies . logistics management quest for quality award in the third party logistics companies pdf . ernst & young entrepreneur of the year to echo ceo doug waggoner . chicago s 101 best and brightest companies to work fo . retrieved from https en.wikipedia.org w index.php title echo global 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