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Echo Global Logistics' 3Q Income Increases

10/28/2011 9:40:00 AM
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Echo Global Logistics said its third-quarter profit grew 30.2% to $3.4 million, or 15 cents per share, from $2.6 million, or 12 cents, a year ago.

Revenue rose 40% to a record $159 million, the Chicago-based third-party logistics company said late Thursday.

Echo also reported record shipment volume of 356,000, a 30% increase from a year ago.

In a statement, CEO Doug Waggoner said the company expects to see approximately 40% year-over-year growth heading into the fourth quarter.

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