Echo Global Logistics Gets Green Light from Ratings Agencies
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Show Notes
Echo Global Logistics receives a positive outlook from Moodys and S&P Global after acquiring ITS Logistics, boosting their debt-to-EBITDA ratios and free cash flow projections. The deal diversifies Echos client base into high-volume e-commerce and retail, with potential revenue growth from ITSs trailers and cross-selling opportunities. Echo plans to continue acquisitions, fueled by positive cash flow from freight market rebound.
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