CHICAGO, IL--(Marketwire - Oct 17, 2012) - Echo Global Logistics (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, today announced it has been ranked 44th in this year's InformationWeek 500 list of top technology innovators in the U.S., climbing this year to break into the Top 50 companies. The company was recognized this year for its innovative FlexTMS service.
"Our transportation management system, FlexTMS, gives clients complete visibility, control, compliance and analytics to respond to their transportation and logistics needs -- without the need to invest in costly software and licensing or initiate lengthy integration projects," said Doug Waggoner, Chief Executive Officer of Echo Global Logistics. "Echo technology provides our clients with better business intelligence and a seamless system for handling their business processes."
FlexTMS innovation rests in its web-enabled, self-service transportation and freight management capabilities. This service automates a number of functions such as selecting carriers, creating shipments, and providing order status updates. FlexTMS gives clients complete transparency to view all transportation activities and related business processes simultaneously across all their contracts.
Housed on an Echo private, cloud-based site, the system allows data to be shared among clients, carriers and Echo account managers and produces efficiencies that lower costs. "At Echo, we nurture an entrepreneurial and innovative environment," said Michael Reed, Vice President of Technology. "We are delivering more new services for our clients through FlexTMS than ever before."
Echo was one of only four companies in the transportation and logistics industry placing in the Top 50 in this year's keen competition for best business technology users. "What the editors looked for were unconventional approaches -- new technologies, new models, new ways of grabbing business opportunities and solving complex business problems with IT," said Rob Preston, InformationWeek Editor in Chief.
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, and also tracks the technology, strategies, investments, and administrative practices of America's best-known companies. Past overall winners include PACCAR Inc., The Vanguard Group, CME Group, National Semiconductor, Con-Way, and Principal Financial Group. The InformationWeek 500 rankings are unique among corporate rankings as they spotlight the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
About Echo Global Logistics
Echo Global Logistics, based in Chicago, is a leading provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary web-based technology platform that compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients' transportation and supply chain management needs. Echo services clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: www.echo.com.
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