Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
2/27/2013 4:00:00 PM Write a Letter to the Editor Write a letter to the Editor

XPO Logistics Reports 4Q Loss

XPO Logistics reported a fourth-quarter loss, citing “investments in long-term growth.”

XPO had a loss of $9.3 million, or 57 cents per share, compared with a loss of $1.5 million, or 27 cents per share, a year ago. Revenue increased about 150% to $108.5 million.

“We remain focused on executing the three parts of our strategy: acquisitions, cold-starts, and the optimization of our operations. In 14 months, we’ve acquired six companies and opened 17 cold-starts, eight in freight brokerage,” XPO Chairman and CEO Bradley Jacobs said in a statement.

The logistics company reported a full-year net loss of $20.3 million, compared with net income of $759,000 in 2011. Revenue increased almost 57% to 278.6 million.

The company also said it acquired third-party freight brokerage business Covered Logistics & Transportation LLC for $8 million in cash and $3 million in XPO stock.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement