|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||15.43 - 16.76|
|52 Week Range||14.17 - 25.95|
|Beta (5Y Monthly)||1.72|
|PE Ratio (TTM)||28.58|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.83|
An employee at the Chicago headquarters of Echo Global Logistics tested positive for the coronavirus, company officials confirmed to FreightWaves on Wednesday.Company officials said they are working with the Illinois Department of Health to follow appropriate guidelines and procedures."The incident was in our Chicago office, and we are implementing a deep cleaning," said Christopher Clemmensen, senior vice president of marketing at Echo Global Logistics. "We expect that to be completed today and to re-open the office for any employee that prefers to work in our facility."Clemmensen said Echo Global Logistics had already taken "steps to implement our Business Continuity Plan last week.""Our entire workforce has been enabled to work from home. Prior to the identification that someone had tested positive, the vast majority of our workforce was working from home and we are executing at full capacity. We are absolutely open for business and executing for our clients and carriers," Clemmensen said.Echo Global Logistics has more than 30 offices around the country. The company offers freight brokerage and managed transportation solutions for all major modes, including truckload, partial truckload, less-than-truckload, intermodal and expedited. Like Echo Global Logistics, many other freight brokerages and third-party logistics providers are allowing employees the flexibility to work from home during the coronavirus pandemic. Matt Silver, founder and CEO of Chicago-based Forager, said his company "transferred to fully remote work last week.""We're a young, tech-focused company, so a lot of the tools and best practices for working from home were already in place by the time we made the switch," Silver said. "The only real changes we're implementing procedurally are focused on maintaining the company culture. We're a startup, so we're pretty high energy."Silver said to keep employees on the same page, Forager is "doing virtual happy hours and we're taking video fitness classes."He added, "We've set up a Slack channel exclusively for sending pictures of our dogs. We're committed to social distancing, but that doesn't mean we can't be social." Frank McGuigan, CEO of Frisco, Texas-based Transplace, said his company also recently activated its remote business operations plan. Transplace offers a wide range of technology and logistics solutions for its customers."We activated our Transplace remote business operations plan in response to the coronavirus to transition most employees to work from home while maintaining 100% business continuity," McGuigan told FreightWaves. "This doesn't mean the Transplace offices are closed, but that employees are encouraged to work from home if at all possible and without limitation in productivity."McGuigan also said Transplace has implemented "new visitor guidelines, critical business travel restrictions, sanitation protocol, and social distancing procedures to ensure a healthy workplace." "In this transition, we have had no disruption in our day to day operational activities, nor do we expect any disruption. We are well-prepared to provide our customers' ongoing business support and operations," McGuigan said.The National Customs Brokers & Forwarders Association of America Inc. (NCBFAA) also instituted a work-from-home policy for its Washington, D.C. headquarters on Monday, March 16."The health and safety of its employees is a top priority for the association, and we will be monitoring the situation closely to best gauge when employees may return to the office," NCBFAA said in a statement.There are at least 7,111 cases of the novel coronavirus in the U.S. as of Wednesday, according to state and local health agencies and governments and the federal Centers for Disease Control and Prevention.Image by mattthewafflecat from PixabaySee more from Benzinga * Earthquake Shuts Down Transportation In Salt Lake City Area * Shen Takes Reins As Transfix's New CEO; McElroy To Be Chairman * Lipinksi Introduces Bills Addressing Blocked Rail Crossings, Train Noise(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Echo Global Logistics, Inc. (NASDAQ:ECHO), which is in the logistics business, and is based in United States, received...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Echo...
During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week, we will recap the most interesting company earnings and any merger-and-acquisition ...
Detailing its financial and operating results for the fourth quarter of 2019 on Wednesday after the close, Echo Global Logistics (NASDAQ: ECHO) reported non-GAAP earnings per share of 26 cents, beating the Street's estimate of 16 cents; Echo's revenue of $531.7 million beat estimates of $522 million. "I'm proud of the results we posted this year in light of the challenging freight market, triggered by excess truckload capacity throughout much of the year," said Doug Waggoner, Echo chairman and CEO, in a statement. After a year of a weak spot market and contract prices de-rating, Echo managed to protect its net revenue margins, which compressed by only 70 basis points year-over-year to 16.9%.
Echo Global Logistics (ECHO) delivered earnings and revenue surprises of 8.33% and 1.83%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, today reported financial results for the quarter and full year ended December 31, 2019.
Echo Global (NASDAQ: ECHO) has enhanced the user experience and convenience of its EchoDrive web portal and mobile app with the addition of functionality that makes it even easier for users to find and book loads, the company said. Preferred Lanes and Suggested Loads are designed to improve the load-booking process by assuring carriers receive loads that fit their needs. Preferred Lanes allows carriers to set up a profile of lanes they run regularly and get notifications when shipments in these lanes are available.
Echo Global Logistics (ECHO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In 2006 Doug Waggoner was appointed CEO of Echo Global Logistics, Inc. (NASDAQ:ECHO). First, this article will compare...
Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today that it will release fourth quarter 2019 earnings results after the market close on Wednesday, February 5, 2020.
Today we are going to look at Echo Global Logistics, Inc. (NASDAQ:ECHO) to see whether it might be an attractive...
On Dec. 13, 2018, short-selling firm Spruce Point Capital Management LLC took XPO Logistics Inc. (NYSE: XPO) to the woodshed in one of the harshest attacks ever directed at a publicly traded transportation and logistics company. XPO, Spruce Point wrote in a 69-page report, relies on asset sales, external financing and factoring receivables just to survive. What's more, XPO Chairman and CEO Brad Jacobs had surrounded himself with a "web" of longtime associates who had been convicted of illegal acts in the past, the report charged.
We can judge whether Echo Global Logistics, Inc. (NASDAQ:ECHO) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their […]
If you're interested in Echo Global Logistics, Inc. (NASDAQ:ECHO), then you might want to consider its beta (a measure...
The relationship between gross revenue and gross margins for freight brokerages is inversely related across much of the freight cycle. The opposite is also true: As spot rates fall faster than paper rates are rebid down, gross margins expand on flat and/or lower load volumes. It is all part of the cyclical nature of supply and demand in trucking.
Custom Built Program Maintains Focus on Attracting and Rewarding the Best Carriers CHICAGO , Nov. 20, 2019 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ:ECHO), a leading provider of technology-enabled ...
Redwood Logistics has launched a consulting practice focused on transportation management systems (TMS) and related technology integration. The introduction of Redwood Platform Services enhances the company's integration support for all of its main service categories, including third-party logistics, TMS integration and digital freight brokerage offerings, the Chicago-based company said. Redwood Platform Services was announced in conjunction with the company's pre-release of its newest software, RedwoodConnect 2.0, a supply-chain integration platform that simplifies and streamlines the integration process.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Echo Board Member Nelda J. Connors to Accept Award at 8th Annual National Conversation on Board Diversity Event in Chicago; CEO Doug Waggoner to Receive CEO Ambassador Award CHICAGO , Oct. 31, 2019 /PRNewswire/ ...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Echo Global Logistics (ECHO) delivered earnings and revenue surprises of 2.63% and 2.41%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?