Contract Logistics

XPO Logistics Reports Record Profit

XPO Logistics Reports Record Profit
Danny Gill

XPO Logistics recently posted results for their first profitable quarter in the past four years.

Over the years, XPO has been steadily acquiring new customers along with dozens of acquisitions of companies from all corners of the logistics market. This includes multi-billion dollar acquisitions of transportation providers in both the U.S. and Europe. This has resulted in XPO posting a record $42.6 million profit for the second quarter. This caps off a wonderful year for the company being named the fastest-growing Fortune 500 company.

“We’re at an inflection point in the evolution of our business…”

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “In the second quarter, we generated $355 million of adjusted EBITDA, $261 million of cash flow from operations, and $170 million of free cash flow – all records for our company. We’re at an inflection point in the evolution of our business, accelerating our EBITDA and cash generation while continuing to invest in technology, our sales force and other levers of future growth.”

“Our strong performance in the quarter was led by our North American operations for last mile and less-than-truckload, and by our European supply chain operations. While market conditions were sluggish overall, e-commerce was a major tailwind – driving margin expansion in last mile, and resulting in major contract wins in contract logistics on both sides of the Atlantic. In LTL, we increased operating income by 66% from last year’s second quarter, pre-acquisition.”

Contract Logistics
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

More in Contract Logistics

Serge Corbel to Become New CFO for CEVA Logistics

Serge Corbel to Become New CFO for CEVA Logistics

Logistics ManagerOctober 11, 2018
Kuehne + Nagel Increase Indonesia Footprint with Latest Acquisition

Kuehne + Nagel Increase Indonesia Footprint with Latest Acquisition

Logistics ManagerOctober 5, 2018
The Rhenus Group Opens New Logistics Warehouse and Increases Capacity in Meerane

The Rhenus Group Opens New Logistics Warehouse and Increases Capacity in Meerane

Logistics ManagerOctober 3, 2018
DHL and IBM Release Artificial Intelligence in Logistics Report

Charles Kaufmann Appointed to Lead DHL Global Forwarding in North Asia and South Pacific

Logistics ManagerOctober 1, 2018
Tigers Expand their Network in China and Malaysia

Tigers Expand their Network in China and Malaysia

Logistics ManagerSeptember 26, 2018
DHL Supply Chain Continues to Deliver Proactive Solutions

DHL Supply Chain Continues to Deliver Proactive Solutions

Logistics ManagerSeptember 24, 2018
SEKO Logistics Appoint New CFO to Drive Global Growth

SEKO Logistics Appoint New CFO to Drive Global Growth

Logistics ManagerSeptember 4, 2018
Hansa Heavy Lift Transports Giant Carousel and Spools to Nigeria

Hansa Heavy Lift Transports Giant Carousel and Spools to Nigeria

Logistics ManagerSeptember 3, 2018
Kuehne + Nagel form Joint Venture with Sincero of China

Kuehne + Nagel form Joint Venture with Sincero of China

Logistics ManagerSeptember 3, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version