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Echo Global Logistics (NASDAQ: ECHO) will release its second-quarter 2021 earnings results on July 28, 2021, after market close. A conference call will be held at 4:00 p.m. CT to discuss these results, led by Doug Waggoner, Dave Menzel, and Pete Rogers. Participants can join by calling 877-303-6235 or via the webcast available for one year on the company’s Investor Relations page. Echo provides technology-enabled transportation and supply chain management services to a diverse range of clients across various industries.
Echo Global Logistics (NASDAQ: ECHO) has been awarded the SDCE Green Supply Chain Award for 2020 by Supply & Demand Chain Executive, marking the third time the company has received this honor. The award recognizes organizations committed to sustainability in their supply chain operations. Echo collaborates with the EPA's SmartWay® program to minimize its carbon footprint and enhance eco-friendly practices across its supply chain. The company also holds the ISO 14001:2015 certification, demonstrating its adherence to stringent environmental standards.
Echo Global Logistics (NASDAQ: ECHO) has been recognized for the third consecutive year in the Food Logistics 2020 FL100+ Top Software and Technology Providers list, highlighting its standing in the food and beverage sector. The company employs advanced technologies, such as AI and machine learning, to enhance transportation management efficiency. Echo’s solutions, including the EchoDrive® portal and EchoShip™ platform, facilitate real-time shipping management. The recognition underscores the team's dedication to innovation in improving freight efficiency and food safety within the complex supply chain.
Echo Global Logistics (NASDAQ: ECHO) launched its EchoShip Rewards program on May 19, 2021, after a successful pilot. This loyalty program enables clients to earn points for booking LTL and Truckload shipments via EchoShip, enhancing customer engagement. Users can redeem points for products, shipping discounts, or charitable donations. The initiative streamlines shipping through a user-friendly platform, allowing clients to manage shipments more efficiently. Over 35,000 shippers benefit from this innovative service aimed at strengthening client relationships and increasing EchoShip utilization.
Echo Global Logistics (NASDAQ: ECHO) announced its sponsorship of the Highway to Hope virtual benefit concert, set for May 16, 2021. This event, organized by the St. Christopher Truckers Relief Fund, aims to support truck drivers and their families affected by illness or injury. Notable artists like Wynonna Judd will perform, and proceeds will assist truckers in need. Doug Waggoner, CEO, emphasized the critical support truckers provide, especially during the pandemic. Tickets are available now, with additional donations encouraged during the live event.
Echo Global Logistics reported record financial results for Q1 2021, showing a 45.3% increase in revenue to $800.8 million. Key highlights include a 36.3% rise in gross profit to $116.2 million and a net income of $10.2 million, compared to a loss in the previous year. The company anticipates Q2 revenue between $830M - $870M, suggesting a 65% year-over-year growth. Full-year guidance is also raised to $3.15B – $3.35B, representing 29% growth.
Echo Global Logistics, Inc. (NASDAQ: ECHO) is set to release its first quarter 2021 earnings results on April 28, 2021, after market close. A conference call will follow at 4:00 p.m. CT to discuss these results, featuring executives Doug Waggoner, Dave Menzel, and Pete Rogers. Participants can join via phone or listen to a webcast on Echo's investor relations website. The company, headquartered in Chicago, offers technology-enabled transportation and supply chain management services, operating a vast network of over 50,000 transportation providers.
