Q1 2021 earnings

Echo Global Logistics knocks the cover off the ball in Q1

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...

https://s29755.pcdn.co/news/echo-global-logistics-knocks-the-cover-off-the-ball-in-q1

C.H. Robinson’s profits soar on higher truckload and ocean rates

NAST margins steady on higher rates and lower volumes

On Tuesday after markets closed, C.H. Robinson (NYSE: CHRW), the largest North American third-party logistics provider, announced first-quarter 2021 revenues of $4.8 billion, up 26.3% year-over-year, net income of $173.3 million, up 121.8% year-over-year, and diluted earnings per share of $1.28, up 124.6% year-over-year.

“We are proud of our first-quarter results,” said Bob Biesterfeld, chief executive officer of C.H. Robinson. “As global...

https://s29755.pcdn.co/news/ch-robinsons-profits-soar-on-higher-truckload-and-ocean-rates