Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: XPO Logistics, Echo Global Logistics

Two varied freight transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases while the other moved into the red, but only slightly.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
August 10, 2015
Earnings Watch: XPO Logistics, Echo Global Logistics

 

4 min to read


Two transportation and logistics providers recently reported second quarter earnings, with one showing a big leap in business following two purchases, while the other moved into the red, but only slightly.

XPO Logistics Inc. (XPO) saw its revenue more than double from the same time a year earlier, hitting $1.2 billion following its purchase of the French trucking operation Norbert Dentressangle and drayage provider Bridge Terminal Transport.

Ad Loading...

Despite the upturn in business, its net loss widened to $78.8 million, or a loss of 89 cents per diluted share, compared to a loss of $13.8 million, or a loss of 28 cents per diluted share, a year earlier.

On an adjusted basis, the net loss was $13.6 million, or a loss of 16 cents per share for the quarter, excluding the items detailed below. This compares with an adjusted net loss available to common shareholders of $11.6 million, or a loss of 22 cents per share, for the second quarter of 2014.

The Connecticut-based company also issued new long-term financial targets, projecting revenue of approximately $23 billion in 2019, up from a projected $9.5 billion this year, and earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $1.5 billion.

Ad Loading...

"We're continuing to grow the company at a rapid pace, well ahead of plan."

"We're continuing to grow the company at a rapid pace, well ahead of plan," said Bradley Jacobs, chairman and CEO, noting that in the second quarter, the company more than doubled its gross revenue year-over-year, grew net revenue four-fold, and increased adjusted EBITDA more than five-fold.

“These results included just 22 days of the Norbert Dentressangle acquisition and one month of Bridge Terminal Transport. The most notable organic contributions to EBITDA came from our businesses in truck brokerage, expedite and last mile, where we recently won a coveted e-commerce contract.”

The company's transportation segment, which includes truck brokerage and intermodal, last mile, expedite, less than truckload, truckload, and global forwarding, generated total gross revenue of $861.2 million for the quarter, a 48.2% increase from the same period in 2014.

The year-over-year increase in segment revenue was primarily due to the acquisition of Norbert Dentressangle, and to 4% organic growth, or an estimated 10% organic growth excluding the impact of lower fuel prices, according to the company.

Second quarter EBITDA for the segment improved to $52.1 million, compared with $27.9 million a year ago. Operating income improved to $23.0 million, compared with $3.2 million a year ago. XPO said. the increases in EBITDA and operating income were largely due to improved performance by the company's truck brokerage, last mile and expedite businesses, and to the acquisition of Norbert Dentressangle

Ad Loading...

The company's logistics segment, which provides contract logistics and related supply chain services, generated gross revenue of $359.6 million, net revenue of $314.0 million, EBITDA of $30.9 million and operating income of $4.3 million.

Full details are on the XPO website.

Echo Global Logistics

Meantime, Echo Global Logistics Inc. (ECHO) moved from a second quarter profit to a slight loss while showing an increase in business.

Its loss of $682,000 or 3 cents per diluted share compared to a profit of $4.2 million or 18 cents per diluted in the second quarter of 2014.

Revenue increased to $371.6 million from $305.1 million a year earlier.

Ad Loading...

"Echo continued to deliver strong results in a quarter where we closed the transformational acquisition of Command Transportation, drove strong organic growth in a softer market, and expanded our net revenue margins while significantly increasing our truckload business," said Doug Waggoner, chairman and CEO of Echo.

"Even more powerful is our prospect for future growth, as we have successfully kicked off our integration with Command, which will dramatically improve our truckload brokerage capabilities through a substantial increase in capacity and network density."

Echo's purchase of Command Transportation was completed on June 1.

The Chicago-based operation reported operating income of $2.8 million versus $6.9 million for the second quarter of last year.

Truckload volume increased by 42% from the second quarter of 2014.

Ad Loading...

The company also updated its guidance for all of 2015, forcasting revenue to be in the range of $1.525 billion to $1.575 billion while increasing its 2018 targets to $3 billion in revenue and EBITDA of $150 million.

There is more information on the Echo Global Logistics website.


More Fleet Management

Geotab screen on AI concept background
Fleet ManagementJune 17, 2026

What Geotab's New AI Connector Means for Fleets

Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.

Read More →
Image of computer screen with BidBoardX interface

New C.H. Robinson Tool Opens Door to More Predictable Freight

BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.

Read More →
Amazon electric cargo bike on New York City street
Fleet ManagementJune 15, 2026

New York City's Microhub Project is Delivering Results

Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.

Read More →
Ad Loading...
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeJune 12, 2026

Time is Running Out to Apply for Exclusive HDT Event

Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.

Read More →
Empty trailer with worker loading a pallet of cargo
Fleet ManagementJune 10, 2026

Amazon Launches Less-Than-Truckload Freight Offering for All Businesses   

This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.

Read More →
Ad Loading...
Stacks of intermodal containers at port with truck driving between them

Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall

After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.

Read More →
Equity Interest Auction
SponsoredJune 8, 2026

AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!

Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.

Read More →
Volvo OTA updates.

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities

The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.

Read More →
Ad Loading...
Podcast thumbnail illustration
Fleet ManagementJune 4, 2026

How Waste Connections is Using Data, Telematics, and AI

How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.

Read More →