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Echo Logistics Snaps Up Sharp Freight Assets

Sharp Freight Systems Inc., an intermodal and truckload brokerage headquartered in California, has been absorbed into Echo Global Logistics, a Chicago-based supply chain management service provider.

PRESS RELEASE:

Echo Global Logistics, Inc. Acquires Sharp Freight Systems, Inc.
CHICAGO, IL — 10/25/12 — Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology- enabled transportation and supply chain management services, has acquired substantially all of the assets of Sharp Freight Systems, Inc. (“Sharp Freight”), an intermodal and truckload brokerage headquartered in Yorba Linda, CA with offices in Houston, TX. For the prior 12 months, Sharp Freight generated approximately $71 million in gross revenue. Effective immediately, Sharp Freight will begin doing business as Echo Global Logistics, Inc.
Founded by Frank Sannebeck in 1965 and led by his son Jim since 1990, Sharp Freight is a non-asset service provider that specializes in intermodal and over-the-road truckload solutions.