Doug Waggoner, CEO of Echo Global Logistics, discussed current trends in the logistics and supply chain sector with LM Group News Editor Jeff Berman. Waggoner expressed cautious optimism for the freight economy, which he believes has been in recession, despite Echo’s 15% annual growth in truckload volume driven by technology investments and market share gains. He noted challenges for smaller brokers in a tough market and highlighted potential M&A opportunities as private equity firms seek exits. Waggoner also emphasized the importance of AI in improving efficiencies and responding to customer inquiries at Echo.

Source: https://www.logisticsmgmt.com/article/echos_waggoner_examines_logistics_and_freight_market_trends_and_themes/