Echo Global Logistics reports record third quarter revenue; up 27% year over year

Company Press Release – Echo Global Logistics, Inc., a leading provider of technology-enabled transportation management services, reported financial results for the quarter ended September 30, 2018.

“We have achieved our sixth quarter in a row with record revenue, while at the same time improving profitability,” said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. “The combination of our highly integrated technology and talented team continues to drive value for our shippers and carriers.”

Third Quarter 2018 Highlights

• Revenue increased 26.6% to $644.8 million from the third quarter of 2017

• Truckload (“TL”) (includes Partial TL) revenue increased 28.3% and less than truckload (“LTL”) revenue increased 22.6% from the third quarter of 2017

• Transactional revenue increased 27.2% to $510.3 million and Managed Transportation revenue increased 24.1% to $134.5 million from the third quarter of 2017

• Net revenue increased 28.3% to $111.2 million from the third quarter of 2017

• Net income increased to $9.4 million, compared to $2.4 million in the third quarter of 2017

2018 Fourth Quarter and Full Year Guidance

“We expect revenue for the fourth quarter to be between $570 million and $610 million and we are updating our full year 2018 revenue guidance range to $2.425 billion to $2.465 billion, up $20 million at the midpoint,” said Kyle Sauers, Chief Financial Officer at Echo.

About Echo Global Logistics

Echo Global Logistics, Inc., is 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 40,000 transportation providers to serve 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.

INVESTOR RELATIONS CONTACTS:

Kyle Sauers, Chief Financial Officer, Echo Global Logistics, 312-784-7695

Zach Jecklin, VP of Strategy, Echo Global Logistics, 312-784-2046

MEDIA RELATIONS:

Christopher Clemmensen, SVP of Marketing, Echo Global Logistics, 312-784-2132

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