XPO Logistics Inc./YouTube
XPO Logistics Inc. reported a first-quarter loss that nearly doubled from the same period last year, as revenue rose at the company.
The Greenwich, Connecticut, company lost $28.1 million, or 70 cents per share, from $14.5 million, or 85 cents, a year ago.
XPO also reported $700,000 in earnings before interest, taxes, depreciation and amortization, excluding one-time costs.
Revenue more than doubled to $282.4 million from $114 million as the brokerage and third-party logistics company continued to build out its service network.
The results do not include XPO’s acquisition of Pacer International that was completed at the end of the quarter.
Its brokerage business’ loss before interest and taxes rose slightly to $3.96 million, while revenue nearly tripled to $231.7 million.