Series A $4.1 million, Series B $13.1 million, Series C $3.5 million, Series D $17.4 million, (Publicly traded on Nasdaq 10/2/09).
Accolades & Accomplishments
Echo Logistics recognized by 2020 “Women on Boards” for Outstanding Corporate Board Diversity, Inbound Logistics Top 10 3PL Provider (9 years in a row), Crain's Fast Fifty, Chicago Winner 101 Best and Brightest Companies to Work For, National Winner Best and Brightest Companies to Work For, Fortune 1000, Top 50 Third Party Logistics (3PL) Providers for 2019, #5 in Transport Topics’ 2019 Ranking of Top Brokerage Firms, 2019 Green Provider by Food Logistics, voted #1 by readers of Inbound Logistics.
Echo began in 2005 with the goal of simplifying transportation management. Echo Global Logistics is a leading provider of technology-enabled transportation and supply chain management services.
Growth & Challenge
Echo expanded via the acquisition of Command Logistics in 2016, nearly doubling Echo’s size. Merging the two large companies brought more than an internal logistical challenge involving onboarding and integrating over 600 new employees; comingling two completely different corporate cultures immersively under one roof. Echo leadership needed to ensure the work space selected would be designed and received in a way to comfortably accommodate two separate companies both abruptly and gradually becoming one.
A vibrant energy resulted over the years since integrating Echo and Command under the Echo brand, and under the Echo umbrella, bringing the two companies together into one location, as one company and brand. Collaboration across peer groups and proximity to key customers has been invaluable. In total, the Echo Global Logistics expansion doubles the size of its headquarters and gives over 1,200 Chicago-based employees access to enhanced technology, training resources, and spaces that allows them to collaborate with colleagues in new ways. The expansion greatly increased the diversity of available space and tools; from meeting spaces for teams to collaborate, to ‘focus rooms’ for individuals to work with minimal distraction. Features include:
The future of Echo is reflected in our expanded office, which is modern, energetic, and poised for great growth,” said Dave Menzel, President and Chief Operating Officer at Echo. “The new space supports and equips our teams well as they continue to provide exceptional services and simplified transportation solutions to shippers.”
Insights For Founders
"Echo was started in 2005 by a couple of entrepreneurs that saw an industry with massive fragmentation. They saw hundreds of thousands of trucking companies with millions of shippers and matching up the supply and demand of transportation capacity was an opportunity to apply technology to create an efficient marketplace.”
- Doug Waggoner, Chairman & CEO, Executive