Echo Global posts higher 4Q, full-year net income

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Echo Global Logistics, a provider of technology-enabled transportation and supply chain management services, on Tuesday, Feb. 14, announced that fourth-quarter revenue increased by 43.1 percent to $162.9 million during the 2011 period compared with $113.8 million in the fourth quarter of 2010. Operating income increased by 60.8 percent to $5.2 million compared with $3.2 million, and net income increased by 68.5 percent to $3.5 million compared with $2.1 million.

For the 2011 full year, revenue increased by 41.4 percent to $602.8 million compared with $426.4 million in 2010. Operating income increased by 113.2 percent to $18.7 million compared with $8.8 million, and net income increased by 118.4 percent to $11.9 million compared with $5.4 million.

“I’m very pleased with the results Echo delivered in 2011,” said Doug Waggoner, chief executive officer of Chicago-based Echo. “Echo posted another quarter and full year of steadily increasing revenues and improved profitability. Our consistent and reliable execution of our strategy is working to bring about sustainable long-term growth.”