Echo’s 4Q Sell Rates Push Higher on Tight Truckload Capacity; Profitability on the Mend
Narrow-moat highway broker Echo Global Logistics’ gross revenue increased a robust 35% year over year in the fourth quarter on continued strength in spot-pricing gains (from materially tightening industry capacity) and growth in managed transportation accounts. Because of the strong turnaround in operating conditions for asset-light highway brokers during the second half of 2017, gross revenue once again came in ahead of our anticipated run rate. Operating profitability also came in ahead of our...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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