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XPO Logistics

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May 5, 2016 - Industry News

Earnings Watch: Roadrunner Profit Dives; XPO, USA Truck Report Losses

Loose capacity and a sluggish economy in the first quarter helped drive down earnings for Roadrunner, XPO and USA Truck.

Tags: Roadrunner Transportation, USA Truck, XPO Logistics, Fleet Earnings

February 24, 2016 - Industry News

Earnings Watch: XPO Reports Loss of Nearly $63 Million

Despite greatly increased revenue in the final quarter of last year and for all of 2015, the fleet that purchased Con-way last year reported bigger losses.

Tags: Economy, Con-Way, XPO Logistics, Fleet Earnings

February 8, 2016 - Industry News

XPO Sues YRC Freight for Poaching Executives

Image via XPO Logistics

XPO Logistics Freight is suing rival less-than-truckload carrier YRC Freight for allegedly hiring employees from the company in order to obtain important trade secrets.

Tags: Lawsuits, YRC Freight, XPO Logistics

January 29, 2016 - Industry News

XPO Logistics Cuts 190 Jobs From its LTL Business

XPO Logistics acquired Con-Way in October of last year. Image: XPO Logistics

XPO Logistics has eliminated about 190 non-sales positions in its less-than-truckload business, which it acquired when the company bought Con-way Inc. last year.

Tags: Layoffs, LTL, Con-way Inc., XPO Logistics

November 9, 2015 - Industry News

XPO Appoints New President of LTL Business

Tony Brooks Photo courtesy of XPO Logistics

XPO Logistics has appointed Tony Brooks as president of its less-than-truckload business, effective Nov. 11.

Tags: Leadership, LTL, People, Con-Way, XPO Logistics

November 4, 2015 - Industry News

Earnings Watch: XPO Losses, Revenue Grow; USA Truck Profit Falls

XPO Logistics, which closed this week on its purchase of Con-Way Inc., reported more revenue but a bigger loss in its third-quarter earnings report, while the mainly truckload fleet USA Truck showed a smaller profit.

Tags: Economy, USA Truck, Con-way Inc., XPO Logistics, Fleet Earnings

September 9, 2015 - Industry News

XPO Logistics to Buy Con-way in $3 Billion Deal

XPO Logistics announced late Wednesday that it is buying Con-way Inc. in a $3 billion deal that will make XPO the second largest LTL provider in North America and expand its global contract logistics platform.

Tags: 3PL, LTL, Mergers & Acquisitions, Con-way Inc., XPO Logistics

August 10, 2015 - Industry News

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.

Tags: Economy, XPO Logistics, Echo Global Logistics, Fleet Earnings

May 4, 2015 - Industry News

XPO Logistics Halves Loss, Acquires Bridge Terminal Transport

Freight transportation and logistics provider, XPO Logistics Inc., announced it had narrowed its first quarter loss while it has reached an agreement to purchase Bridge Terminal Transport Services Inc.

Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Bridge Terminal Transport

February 18, 2015 - Industry News

XPO Logistics Trims Quarterly Losses

XPO Logistics released financial numbers on Wednesday showing a net loss of $9.9 million for the fourth quarter of 2014, compared with a net loss of $10.6 million for the same period in 2013.

Tags: Earnings, XPO Logistics

February 10, 2015 - Industry News

XPO Logistics Purchases UX Specialized Logistics for $59 Million

XPO Logistics Inc. announced it has acquired UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce companies.

Tags: Mergers & Acquisitions, XPO Logistics

September 15, 2014 - Industry News

XPO Logistics Getting $700 Million for Acquisitions

PSP Investments, along with GIC and Ontario Teachers' Pension Plan will invest a total of $700 million.

Tags: XPO Logistics

July 29, 2014 - Industry News

XPO Logistics Posts Smaller Loss, Purchases New Breed Logistics

XPO Logistics posted a smaller net loss in the second quarter of the year compared to a year ago, while announcing an acquisition along with the completion of an earlier purchase.

Tags: Logistics, Mergers & Acquisitions, XPO Logistics

February 24, 2014 - Industry News

XPO Logistics Loss Doubles, Company Focusing on Long-Term Growth

The Connecticut-based operation reported total revenue skyrocketed to $702.3 million in 2013 from $278.6 million in 2012, but it losses jumped to $48.5 million from $20.3 million during the same time

Tags: Earnings, XPO Logistics

February 3, 2014 - Industry News

XPO Prices Stock Offering at $25 Per Share

XPO Logistics has announced the pricing of public offering of 15 million shares of its common stock at a price of $25 per share and has granted the underwriters a 30-day option to purchase up to an additional 2.25 million shares.

Tags: XPO Logistics, Pacer International

January 27, 2014 - Industry News

XPO Announces Stock Sale, Reveals Preliminary Earnings Report

XPO Logistics Monday announced plans to offer 15 million shares of its common stock to help pay for its purchase of Ohio-based Pacer International.

Tags: Earnings, Mergers & Acquisitions, XPO Logistics, Pacer International

January 6, 2014 - Industry News

XPO Logistics Purchasing Intermodal Provider Pacer International

Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.

Tags: Drivers, Cross-Border Trucking, Intermodal, Mergers & Acquisitions, XPO Logistics, Pacer International

December 30, 2013 - Industry News

XPO Logistics Completes Acquisition of NLM

XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.

Tags: Landstar, Mergers & Acquisitions, XPO Logistics

November 5, 2013 - Industry News

XPO Logistics Loss Widens Despite Huge Jump in Revenue

XPO Logistics, which provides freight brokerage, expedited transportation and logistics services, has announced financial results for the third quarter showing total revenue was $194 million, a 173.3% increase from the same period in 2012.

Tags: Earnings, XPO Logistics

August 16, 2013 - Industry News

XPO Logistics Completes Acquisition of 3PD

XPO Logistics Inc. has completed its previously announced acquisition of 3PD Holding Inc. in a transaction valued at approximately $365 million. The company financed the acquisition and related fees and expenses with the net proceeds of its recent $220.5 million public offering of common stock, together with cash on hand.

Tags: Mergers & Acquisitions, XPO Logistics

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