Echo Global Logistics' 1Q Income Rises


4/26/2012 5:00:00 PM
Write a Letter to the Editor



Print This
 

Echo Global Logistics said its first-quarter profit rose as revenue climbed to a record high.

Net income improved to $3.3 million, or 15 cents per share, from $2.2 million, or 10 cents, a year ago.

Revenue climbed 30.2% to $168.6 million, the Chicago-based third-party logistics company said late Thursday.

Echo also reported a 21.9% gain in shipment volume.

The company said it had 185 enterprise clients in the first quarter, up from 154 a year ago.

In a statement, CEO Doug Waggoner reaffirmed the company’s previously announced 2012 revenue guidance of $740 million to $780 million.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.