Echo Global Logistics, Inc. Buyback
OLI recorded this information on 5/1/2017
Echo Global Logistics, Inc.
Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services ("Echo" or "the Company"), today announced that its Board of Directors has approved a repurchase program for up to an aggregate of $50 million of the Company's outstanding common stock and 2.50% convertible senior notes due 2020 through April 30, 2019.
Echo Global Logistics is a provider of transportation and supply chain management solutions. Co. utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers. Co. focuses primarily on arranging transportation with truckload and less than truckload carriers. Co. also provides intermodal, small parcel, domestic air, expedited and international transportation services. Co.'s logistics services include carrier selection, dispatch, load management and tracking. Co. procures transportation and provides logistics services for clients across manufacturing, construction, food and beverage, consumer products and retail industries.
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Hold (2.50 out of 4)