Logistics Tech Outlook

Echo Global Logistics
ECHO]

Doug Waggoner, Chairman & CEO, Echo Global LogisticsDoug Waggoner, Chairman & CEO
Founded in 2005, Echo Global Logistics [NASDAQ:ECHO] began with one objective— to simplify transportation management. Echo uses its in-house technology and team of logistics professionals to connect businesses that need to ship their products with carriers who transport goods quickly, securely, and cost-effectively.

“The challenge for third-party logistics providers is to offer differentiated services supported by advanced technology,” says Doug Waggoner, Chairman and CEO at Echo. The company has grown exponentially since its founding, proving itself a valuable logistics partner partly through its technology. Its customized transportation software simplifies the critical tasks involved in transportation management, such as choosing the ideal carrier for a load, tracking shipments, and identifying efficiencies.

“We’re a services and technology company,” says Waggoner. “We move over 14,000 shipments every day using our network of over 40,000 carriers, so we have to rely on our technology to ensure everything is done efficiently. Our proprietary technology, which we developed in house to serve the precise needs of our clients and carrier partners, optimizes our shippers’ supply chains and helps our carriers utilize their capacity.”

As an industry leader, Echo provides clients access to capacity in all modes of transportation, including full truckload, less than truckload (LTL), partial truckload, intermodal, expedited, and international air and ocean. The complexities of shipping procedures mean decision-making needs to be as informed as possible. Echo’s technology provides the up-to-the-minute information that guides decision-making on transportation modes, routing rates, and load planning.

Since LTL shipping rates, specifically, are determined by factors like pick up and destination zip codes, class, and weight, the rates vary, but the expertise of the Echo team makes it a lot simpler. “Echo offers clients optimized LTL rates negotiated by our sourcing team,” says Waggoner. “And these rates are lower than they can negotiate themselves.


Our proprietary technology maximizes customers’ transportation spend with easy-to-use, scalable tools


At the same time, clients receive a very high level of service. Our experienced team and our technology work together to provide this exceptional service.”

Powered by proprietary algorithms and in-house technology, Echo also offers complete supply chain visibility— including carrier sourcing and step-by-step shipment tracking. This real-time information leads to optimized carrier selection, enhanced KPIs, intelligent business decisions, and improved invoicing and payment procedures.

Businesses produce massive amounts of data, and Echo works to turn the data into useful insights. Contracted Managed Transportation solution clients receive an audit of their transportation activities, and then the Echo team gets to work analyzing the data, searching for efficiencies, and executing to create an optimized supply chain. Echo’s scalable and flexible technology can also integrate with a client’s existing ERP system.

Culligan, a global water treatment products company, worked with Echo to meet its complex transportation requirements. Echo integrated its technology platform into the Culligan system, allowing Echo representatives to not only select appropriate carriers for over 100 daily inbound and outbound shipments but also track the shipments and ensure on-time pick-ups and deliveries. Jon Backes, Culligan’s Director of Operations, called Echo an extension of the Culligan team and praised Echo for providing technology solutions that allow Culligan to focus on its business while letting Echo handle its logistics network. And with or without integration, Echo’s technology enables its team to handle load tender, track and trace, data management, order processing, invoice auditing, and bill payment.

Looking ahead, Echo plans to keep innovating its technology to provide the best transportation solutions for every client. “We have a lot to look forward to, technology-wise,” says Waggoner. “We’re going to continue growing, and our technology is going to help get us there.”

Echo Global Logistics News

Echo Global Logistics Announces Partnership with PGA TOUR Professional Denny McCarthy

McCarthy will support the Echo brand at tournaments in a multi-year contract
CHICAGO - Echo Global Logistics, Inc. ("Echo"), announced it has signed a brand partnership with PGA TOUR professional Denny McCarthy. McCarthy will represent Echo in various ways, including on social media, co-branded logo placements, and in-person at golf tournaments and events.
"I'm proud to partner with a third-party logistics (3PL) firm like Echo," McCarthy said. "Its reputation as a trusted transportation industry leader is well known and I look forward to representing their dedicated team and tech-enabled solutions."
"We're excited to begin this new partnership with Denny," said Dave Menzel, President and Chief Operating Officer at Echo. "He's a hard-working professional who's climbed his way into the upper echelon of the PGA TOUR. His work ethic and professionalism represent traits that Echo has built its reputation on, and we are proud to partner with Denny to represent our brand."
McCarthy has become a well-known PGA TOUR player in recent years. He recorded top-25 finishes in Honolulu and Phoenix to start 2024. McCarthy competed in 30 tournaments last season, collecting eight finishes in the top 10 and 15 in the top 25. After a T-4 performance in the 2023 AT&T Pebble Beach Pro-Am, he finished runner-up in the Memorial Tournament and added a T-20 in the U.S. Open at The Los Angeles Country Club. McCarthy closed last year with a T-5 finish in St. Simons Island. He recorded his first top 10 in a major in the 2022 U.S. Open at The Country Club in Massachusetts after closing 68-68 to finish T-7. The Jupiter, FL resident was a two-time All-American at the University of Virginia and turned pro in 2015. In last season's FedExCup, McCarthy finished 33rd. He is currently ranked 51st in the Official World Golf Rankings.
"Having Denny as a brand ambassador for Echo is a natural fit. Just like Echo leverages technology and expertise in logistics, Denny does the same in the game of golf," said Christopher Clemmensen, EVP of Marketing at Echo. "We look forward to working with Denny as he represents Echo and helps us build awareness around simplifying transportation for shippers and carriers."
You can watch McCarthy where he will be making his first Masters appearance this April in Augusta, GA.

Top 10 Transport Management Solution Companies - 2016

Company
Echo Global Logistics

Management
Doug Waggoner, Chairman & CEO and Dave Menzel, President & Chief Operating Officer, Kyle Sauers, Chief Financial Officer

Description
Provides technology-enabled transportation services