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Echo Global Logistics reported gains in both income and profit for the third quarter as it took advantage of strong freight demand and tight supply.

Echo Global Logistics has entered a definitive agreement to be acquired by global private equity firm The Jordan Co., the companies announced Sept. 10.

Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses.

Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.

Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter.

Echo Global Logistics swung to a loss in the first quarter as it faced pricing pressures and the early financial effects of the coronavirus pandemic.

Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.

Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings.

Echo Global Logistics reported another record quarter for revenue and boosted its guidance for the year as demand for the company’s technology and transportation management services remains robust.

Echo Global Logistics has appointed CEO Douglas Waggoner to be the chairman.