Earnings Watch: XPO Logistics Reports Annual Profit of $69 Million
XPO Logistics moved well into the black for the fourth quarter and full year 2016, with a number of fourth-quarter metrics setting company records as strong e-commerce offset weak intermodal numbers.

XPO Logistics Inc. on Tuesday announced financial results for the fourth quarter and full year 2016 with both revealing it moved well into the black.
For the fourth quarter of 2016, revenue increased 10% from the same time in 2015 to $3.68 billion. Net income was $29.8 million, or 22 cents per share, compared with a net loss $63.1 million, or a loss of 58 cents per share, for the same period in 2015.
"I'm pleased that we delivered record fourth quarter results for net income, cash flow from operations, adjusted EBITDA and free cash flow,” said Bradley Jacobs, chairman and CEO. “We generated the strongest growth in last mile and contract logistics, driven primarily by e-commerce, more than offsetting a weak intermodal environment. Our less-than-truckload operations in North America capped an outstanding year with a 40% increase in fourth quarter adjusted operating income.”
XPO’s transportation segment generated total revenue of $2.33 billion for the quarter, compared with $2.1 billion for the same period in 2015.
The year-over-year increase in revenue was primarily attributed to the acquisition of Con-way Inc. in October 2015 and to organic growth in both North America and Europe, partially offset by the divestiture of the former Con-way Truckload in October 2016.
“Organic revenue growth for the segment was led by the last-mile unit, primarily driven by an increase in e-commerce business. Revenue growth was partially offset by softness in North American intermodal volumes,” XPO said in a statement.
Operating income for the transportation segment increased to $84 million, compared with an operating loss of $6.1 million a year ago.
The company's logistics segment generated total revenue of $1.38 billion for the quarter, compared with $1.27 billion for the same period in 2015.
In Europe, organic growth from new contracts with e-commerce and cold-chain customers was negated by the adverse impact of foreign exchange rates. In North America, growth was largely driven by gains in e-commerce, food and beverage, and aerospace business, partially offset by softness in automotive.
Operating income for the logistics segment increased to $51.2 million, compared with $34.8 million a year ago.
For all of 2016 XPO nearly doubled its revenue from 2015, totaling $14.62 billion. Last year’s net income of $69 million, or 53 cents per share, compares to a net loss of $191.1 million in 2015, or a loss of $2.65 per share.
The company reaffirmed its full year targets for adjusted EBITDA of at least $1.35 billion for 2017 and $1.575 billion for 2018. XPO’s adjusted EBITDA for 2016 totaled $937.1 million, up 189.2% from 2015.
More Fleet Management

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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 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 →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 →

