XPO Logistics announces third quarter 2015 results

GREENWICH, Conn. - November 4, 2015 - XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the third quarter of 2015. Total gross revenue increased 256.5% year-over-year to $2.4 billion, and net revenue increased 542.4% to $1.1 billion

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  • Reports $166 million of adjusted EBITDA, significantly exceeding target
  • Achieves organic margin improvement across all businesses
  • Exceeds expectations in Europe with adjusted EBITDA growth of more than 26% for transport and 17% for logistics
  • Expects over $30 million of annualized savings from actions already taken with Con-way integration
  • Appoints Tony Brooks as president of less-than-truckload business
  • Issues full year targets for adjusted EBITDA of at least $1.25 billion in 2016, and at least $1.7 billion in 2018

 

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