August 7, 2012 11:00 AM, EDT

XPO Reports 2Q Loss, Buys Ontario Logistics Firm

XPO Logistics reported a second-quarter loss and said it had acquired Canada-based Kelron Logistics for $8 million.

XPO lost $5.2 million, or 34 cents per share, compared with net income of $914,000, or 11 cents, a year ago.

Revenue increased 23.7% to $54.5 million from the same period last year.

Mississauga, Ontario-based Kelron Logistics generated about $100 million in the 12 months ended June 30, XPO said.