Q&A: Doug Waggoner, Echo Global Logistics CEO

Logistics Managment's Jeff Berman recently talked to Echo Global Logistics CEO Doug Waggoner on a wide range of industry topics, including the freight economy, technology, last-mile logistics, and ELD, among others. A transcript of the conversation between Waggoner and Berman follows below.
Logistics Management (LM): How do you view the current state of the freight economy and the macro-economy? Doug Waggoner: I will answer that from a market-based perspective. I think it is a great market if you are in our business because demand is high, capacity is tight, consumer sentiment is high, shippers are bullish, and unemployment is low. It seems like the stars are all aligned. A lot of the investors we talk to think this is as good as it gets and we are at the end of the cycle…but we don’t see that. Short of having another recession, which we cannot see happening anytime soon, capacity is going to stay tight simply because there are not enough truck drivers.