Echo’s brokers raised prices and won more freight
Echo Global Logistics (NASDAQ: ECHO) has reported its financial and operating results for the first quarter of 2021, touted by management as the “best quarter in Echo’s history.”
On Wednesday after markets closed, Echo reported record gross revenues for the quarter of $800.8 million, up 45.3% year-over-year, and adjusted earnings per share of 61 cents, another record. Net income grew to $10.2 million, a night-and-day difference from last year’s...
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