Echo Global Logistics Inc. on Thursday, April 26, reported total revenue for the quarter ended March 31 was $168.6 million, an increase of 30.2 percent from the first quarter of 2011. Operating income totaled $5.0 million, an increase of 44.5 percent. The Chicago-based company’s operating margin was 15.4 percent, up 176 bps. Net income increased 42.9 percent to $3.1 million.
“Echo delivered strong financial and operating performance in the first quarter,” said Doug Waggoner, chief executive officer. “The fundamentals of our business are very strong, contributing to another record quarter in both total revenue and net revenue.”