Echo Global Logistics Integrates with Blue Yonder's Dynamic Price Discovery Solution
Echo Global Logistics (NASDAQ: ECHO) has partnered with Blue Yonder to enhance its transportation management services. This collaboration enables Echo to automate price quoting and freight capacity matching through Blue Yonder's dynamic price discovery solution. The integration aims to provide shippers with near real-time data availability via the Luminate Platform, powered by Microsoft Azure. Key executives expressed that this partnership will help streamline processes, improve operational efficiency, and expand Echo's customer reach.
- Partnership with Blue Yonder enhances service offerings.
- Integration allows for near real-time pricing and capacity data.
- Utilization of advanced technology, including AI and ML, to improve decision-making.
- None.
CHICAGO and SCOTTSDALE, Ariz., Aug. 27, 2020 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, has partnered with Blue Yonder, a leading digital supply chain platform provider, to further automate rapid response price quoting and freight capacity for shippers using the Blue Yonder dynamic price discovery solution. With the depth and breadth of Blue Yonder's large customer portfolio, Echo will be able to extend its reach to more shippers through this partnership.
Using the Blue Yonder dynamic price discovery solution, Echo can provide shippers with near real-time matching of price and capacity, along with tracking that is connected to and made available on Blue Yonder's Luminate™ Platform. Powered by Microsoft Azure, the Luminate Platform combines data from both internal and external sources, spanning shippers' digital supply chain ecosystems, to leverage both artificial intelligence (AI) and machine learning (ML), enabling smarter and more actionable business decisions.
"With one of the largest truckload networks in the country, proprietary strategic analytics, and expert pricing knowledge, we are able to meet the needs of our largest shippers in a highly automated and efficient manner," said Dave Menzel, President and Chief Operating Officer at Echo. "Through our integration with Blue Yonder, we're pleased to provide our brokerage services to their extensive customer base and further expand our business as a result."
"At Echo, we're always evaluating opportunities to invest in advancements that streamline complex and time-consuming processes for our clients," said Jay Gustafson, SVP of Marketplace Solutions at Echo. "By seamlessly implementing our proprietary pricing algorithms into Blue Yonder's technology, we can provide our clients with instant capacity and pricing information to improve efficiency within the Blue Yonder supply chain management platform."
"By integrating with our dynamic price discovery solution through our Luminate Platform, Echo Global Logistics will be able to provide an enhanced experience for freight shippers in the marketplace," said Terry Norton, Vice President of 3PL & Transportation at Blue Yonder. "The way truck contracts are managed today is changing and becoming more modern so having real-time visibility to their supply chain will allow Echo's clients to make more informed decisions. We designed our solution to meet this growing need in the digital freight marketplace."
For more information on Echo's services, click here. To learn more about the Blue Yonder logistics network, click here.
About Echo Global Logistics
Echo Global Logistics, Inc. (NASDAQ: ECHO) is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com.
About Blue Yonder
Blue Yonder is the world's leading, end-to-end, digital supply chain platform provider, enabling companies to better predict, optimize and fulfill customer demand. Blue Yonder empowers companies to dynamically improve business planning and execution to drive more autonomous, profitable business outcomes and reimagined customer experiences. With Blue Yonder, you can Fulfill your Potential.TM Visit blueyonder.com.
"Blue Yonder" is a trademark or registered trademark of Blue Yonder Group, Inc. Any trade, product or service name referenced in this document using the name "Blue Yonder" is a trademark and/or property of Blue Yonder Group, Inc.
ECHO: Corporate
CONTACT INFORMATION
Echo Global Logistics
Investor Relations:
Zach Jecklin
SVP of Strategy
312-784-2046
Media Relations:
Christopher Clemmensen
SVP of Marketing
312-784-2132
Blue Yonder
Public Relations:
Jolene Peixoto
Vice President, Corporate Communications
978-475-0524
jolene.peixoto@blueyonder.com
Marina Renneke, APR
Corporate Communications Manager
480-308-3037
marina.renneke@blueyonder.com
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SOURCE Echo Global Logistics, Inc.
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