Echo Global Logistics

As key parts of this expansion, the company said that it has set up new locations in Mexico City, Monterrey, and Laredo, Texas, and also tapped 30-year logistics veteran Troy Ryley as President, Echo Mexico.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on various logistics and supply chain trends and themes, including: freight economic conditions, near shoring, and brokerages, among others.

More than 50% of the survey’s respondents stated that the economy will enter into a recession within the next six months. As for reasons why this may be the case, responses included: high interest rates; high balances on credit cards; inflation; lower consumer demand; and high gasoline prices, among others.

With the dust settling from the exit of Yellow Corp. in the less-than-truckload (LTL) market, following its Chapter 11 bankruptcy protection filing earlier this month, various industry stakeholders have taken time since then to assess what Yellow’s departure, as well as its 8%-to-9% sector market share, means for LTL and the freight transportation sector, too.

Logistics Management Group News Editor spoke with Frank Hurst, Executive Vice President, LTL, for Chicago-based third-party logistics and technology-enabled transportation services provider Echo Global Logistics, at this week’s SMC3 Connections conference in Orlando. Hurst addressed various supply chain and logistics trends and themes over the course of their conversation.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based Echo Global Logistics about various topics, including: the freight economy, how Peak Season went, and rates and capacity, among others.

Echo officials said that Fastmore’s domestic operations are similar to those of Echo’s, with the real benefit of bringing Fastmore into the fold is that it offers up what it called a unique point of entry into an expansive network of expedited brokerage for the international freight forwarding market through various types of equipment, including: cargo vans, straight trucks, and full truckload.

Chicago-based 3PL and provider of technology-enabled transportation and supply chain management services Echo Global Logistics recently announced it has rolled out a new program highlighting “outstanding carrier performance.

Logistics Management Group News Editor Jeff Berman recently caught up with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on a whole host of topics, including: inflation; rates and capacity; and Peak Season prospects, among others.

Logistics Management Group News Editor Jeff Berman recently caught up with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on a whole host of topics, including: inflation; rates and capacity; and M&A, among others.

Chicago-based third-party logistics and technology-enabled transportation services provider Echo Global Logistics said this week that it has inked a definitive agreement to acquire Somerset, N.J.-based Roadtex Transportation Corporation, a national provider of integrated temperature-controlled supply chain services, for the confectionary, food, nutrition, and pharmaceutical mass retailer end-markets.

Logistics Management Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based Echo Global Logistics about various topics, including: inflation, the labor market, the state of the freight economy, Peak Season, and the trucking market, among others.

A Logistics Management reader survey of 100 freight transportation, supply chain, and logistics stakeholders continued to reinforce how inflation continues to affect things, from both an operational and business perspective. Putting the inflationary impact on supply chain and logistics into sharp focus, the LM survey found that 92% of respondents are being affected by the current situation.

Chairman and CEO Doug Waggoner called this deal a “new chapter in the Echo story.”

Chicago-based third-party logistics and technology-enabled transportation services provider Echo Global Logistics announced late last week it has entered into a definitive agreement to be acquired by global private equity firm The Jordan Company for $48.25 per share, with an equity value of roughly $1.3 billion.