Echo reports sharp rise in profits

   Echo Global Logistics said it had a profit of $3.4 million in the third quarter, 30 percent more than the $2.6 million earned in the same 2010 period.
   Revenue for the Chicago-based logistics services provider was $159 million for the third quarter compared to $113.5 million in the same 2010 period.
   Echo said it had record shipment volume of 355,972 in the third quarter of 2011, representing a 30 percent increase over the third quarter of 2010.
   The investment bank Stifel Nicolaus said that broken down by mode, less-than-truckload revenue was up 43 percent year over year and truckload revenue was up 40 percent.