XPO

Coming in at $3.27 billion, quarterly revenue posted a 22% annual gain, topping industry analyst estimates, at $3.093 billion. And XPO’s quarterly adjusted EBITDA, at $307 million, set a new third quarter record, increasing 15% annually, as well as representing the fifth consecutive quarter XPO set a quarterly adjusted EBITDA record.

Located in Chicago Heights, XPO said that the new 150,000 square-foot facility is comprised of 264 dock doors, in order to accommodate high volumes and ongoing growth.

XPO Chief Strategy Officer Matt Fassler provided LM Group News Editor Jeff Berman with a detailed overview of how XPO views the LTL and brokerage markets, as well as a look at the 2021 Peak Season, among other topics.

As expected, the long-awaited spin-off of GXO Logistics from Greenwich, Conn.-based freight transportation services provider XPO Logistics was made official today. This move was originally announced by XPO in December 2020, when XPO introduced its plan to seek a spin-off of its logistics group as a standalone publicly traded company split it into two separate publicly-traded companies on the New York Stock Exchange—with one focused on global contract logistics [GXO Logistics] and the other focused on less-than-truckload (LTL) and...

Quarterly revenue—at $5.04 billion—was up 30.6% annually, and adjusted EBITDA came in at $507 million, both setting new quarterly records, setting a new adjusted EBITDA number for the fourth straight quarter. Operating income—at $246 million—well outpaced a $141 million operating loss a year ago.

Logistics Management Group News Editor recently spoke with Malcolm Wilson, CEO of XPO Logistics, Europe, and incoming CEO of GXO Logistics, soon to be XPO's standalone global contract logistics group. Wilson provided Berman with an overview of current market conditions, how XPO has responded to the COVID-19 pandemic and what is in store for GXO Logistics.

Quarterly revenue—at $4.77 billion—was up 24% annually over the $3.86 billion, for the first quarter of 2020, and marked the highest revenue for any quarter in the company’s history. EBITDA was up 33%, to $433 million, topping estimates of $388 million, marking the third consecutive quarter it set an EBITDA record. Quarterly operating income—at $202 million—was more than double the $81 million recorded a year ago.

Following a December 2020 announcement, in which it rolled out its plan to seek a spin-off of its logistics group as a standalone publicly traded company split it into two separate publicly-traded companies on the New York Stock Exchange—with one focused on global contract logistics and the other focused on less-than-truckload (LTL) and truck brokerage transportation services—Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, said today it has officially re-named its logistics group...

Quarterly revenue—at $4.7 billion—was up 13% annually, setting a record for the company, and operating income—at $228 million—was up 11%. EBITDA—at $449 million—topped Wall Street estimates by 10%, or $42 million, for its fourth-best quarter ever.

Brad Jacobs, Chairman and CEO of Greenwich, Conn.-based freight transportation and logistics services provider XPO Logistics, offered up myriad opinions on a host of industry trends and themes at the opening session of this week’s SMC3 2021 Jumpstart conference, which was held virtually.

Greenwich, Conn.-based global freight transportation and logistics services provider XPO Logistics said today that it reached a new high-water mark with its digital freight marketplace, XPO Connect, noting that the Drive XPO app, which is used by carriers and truck drivers to access XPO Connect, has now been downloaded more than 300,000 times.

Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, said that its acquisition of the majority of Kuehne + Nagel’s contract logistics operations in the UK and Ireland, which was initially announced in March 2020, is a done deal.

Significant changes may be coming for Greenwich, Conn.-based global freight transportation and logistics services provider XPO Logistics, with the company announcing today that its board of directors signed off on the approval of a plan to seek a spin-off of its logistics group as a standalone publicly traded company.

Following an early October Bloomberg report, which indicated Greenwich, Conn.-based global freight transportation and logistics services provider XPO Logistics was vetting the possibility of selling its European supply chain business, a Bloomberg report published this week stated that is no longer the case.

Revenue—at $4.22 billion—was up 1.7%, and net income attributable to common shareholders—at $21 million—fell 51.2%. Operating income—at $223 million—was down 2.7%. Diluted earnings per share came in at $0.83 compared to $1.14 a year ago, and adjusted quarterly EBITDA—at 439 million—was up less than 1% and was the best third quarter EBITDA in its history, coming in ahead of Wall Street expectations by $87 million, or 25%.