XPO

By Jeff Berman · November 9, 2017
XPO Logistics is taking further steps to cement its position as the largest last mile logistics services provider in North America, with today’s announcement that it has completed the opening of eight last mile logistics hubs in advance of Black Friday on November 24.
By Jeff Berman · October 3, 2017
Global freight transportation and logistics services provider XPO Logistics Inc. said this week that next month it plans to roll out a new interactive last mile technology, which, it said, will help consumers manage retail home deliveries.
By Jeff Berman · August 3, 2017
Quarterly revenue was up 2.2% to $3.76 billion and was a record high for the company, as was net income at $47.6 million and earnings per share at $0.38, which were up annually compared to $42.6 million and $0.35 a year ago.
By Jeff Berman · June 1, 2017
XPO said its role in this multi-year agreement included managing two dedicated logistics facilities that are comprised of New York City’s stockpile of emergency relief supplies, as well as expediting supplies to around 100 shelters across the five boroughs of New York City in the event of severe weather or other hazardous events being imminent.
By Jeff Berman · May 9, 2017
While it has had a full-fledged less-than-truckload (LTL) fleet since acquiring Con-way in late 2015, freight transportation and logistics provider XPO Logistics said today that the former Con-way LTL business, Con-way Freight, has officially been re-branded as XPO’s North American LTL business
By Jeff Berman · February 23, 2017
Fourth quarter revenue headed up ten percent annually to $3.68 billion. And net income came in at $27.3 million, or $0.22 per share, which was well ahead of a net loss of $62.8 million, or a loss of $0.58 per share, for the same period a year ago.
By Jeff Berman · September 30, 2016
LM interviewed XPO Logistics Chairman and CEO Brad Jacobs at the Council of Supply Chain Management Professionals Annual Conference in Orlando this week.
By Jeff Berman · August 18, 2016
Roughly two weeks after announcing record-breaking second quarter earnings results, freight transportation and logistics services provider XPO Logistics said yesterday it has taken significant steps to reduce its debt load, with the pricing of a $1.,642 billion refinancing of its existing term loan agreement.
By Jeff Berman · August 4, 2016
Adjusted EBITDA for XPO at $354.9 million was up from $79.7 million a year ago, which was a company record. And along with posting its first-ever quarterly profit the company also set new records with $261 million in cash flow from operations and $170 million of free cash flow.
By Jeff Berman · February 25, 2016
Total gross fourth quarter revenue for XPO saw a 302.3 percent annual increase to $3.3 billion, with net revenue up 419.8 percent to $1.6 billion, and for the full-year 2015 XPO had total revenue of $7.6 billion for a 223.5 percent annual increase.
By Jeff Berman · February 10, 2016
In an 8-K filing with the Securities Exchange Commission this week, third-party logistics and freight transportation services provider XPO Logistics said it plans to retain the truckload business it acquired through its $3 billion October 2015 acquisition of freight transportation and logistics services provider Con-way Inc.
By Jeff Berman · February 1, 2016
Third-party logistics and freight transportation services provider XPO Logistics said late last week that it has commenced a workforce reduction for its less-than-truckload (LTL) unit, which it acquired from Con-way, when XPO acquired Con-way last year.
By John D. Schulz · November 5, 2015
Fast-growing XPO Logistics, an entity that didn’t even exist five years ago, is growing revenue at a faster pace than even the Greenwich, Conn.-based conglomerate expected on the heels of finalizing its $3 billion purchase of Con-way Inc.
By Jeff Berman · October 30, 2015
Following an announcement made on September 9, when it said it planned to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics, for $3 billion, non asset-based 3PL XPO Logistics said today the deal has officially been completed.
By Jeff Berman · August 6, 2015
XPO Logistics, a non asset-based 3PL, reported strong second quarter earnings last night, with total gross revenue rising 109.3 percent annually to $1.2 billion and net revenue up 317.2 percent to $508.6 million. Even with the gross revenue and net revenue gains, XPO had a $78.8 million net loss compared to a net loss of $13.8 million for the second quarter of 2014.

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