Echo Global Logistics experienced in the second quarter a 36.1-percent, year-over-year, spike in revenue to $305.1 million, while the company’s net income rose 31.7 percent to $5.1 million.
On the basis of these results, Echo has raised its year-end revenue guidance to between $1.14 billion and $1.18 billion.
"Echo's growth model delivered outstanding results, as we completed another record quarter of revenue and profitability, driven by strong organic growth and the impact of our recently completed acquisitions," Echo’s chief executive officer, Doug Waggoner, said in a statement. "We continue to focus on delivering the highest levels of customer service to our clients, which is driving our success in the market. We believe this success is fueling our ability to continue to expand our impressive carrier network and provide reliable access to capacity in this evolving market."