Echo Global Logistics has reported its financial results for Q3 2021. Revenue in Q3 was reported at $986m, a growth of 42.5% year-on-year. EBITDA in Q3 was $35m, a growth of 76.4% compared to the previous year. Net income increased to $19m, compared to $6.8m in the third quarter of 2020, an increase of 177.9%.
Transactional revenue increased 42.5% to $761m and Managed Transportation revenue also increased 42.5% to $224m from the third quarter of 2020.
In Echo’s Truckload segment, revenue was reported at $738m, a growth of 51.2%. Volume increased 15.0% in the segment year-no-year.
In Echo’s Less than Truckload segment, revenue was reported at $220m, a growth of 25.3% year-on-year. Volume increased 3.1% in the segment year-on-year.
Source: Echo Global Logistics