Tag Archives: XPO Logistics

XPO Logistics Announces First Quarter 2016 Results

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GREENWICH, Conn. – May 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the first quarter of 2016. Total gross revenue increased 404.4% year-over-year to $3.5 billion, and net revenue increased 510.5% to $1.6 billion.

The company reported a net loss attributable to common shareholders of $23.2 million for the quarter, or a loss of $0.21 per diluted share, compared with a net loss attributable to common shareholders of $15.4 million, or a loss of $0.20 per diluted share, for the same period in 2015. The first quarter 2016 net loss includes $16.8 million of one-time after-tax transaction-related costs net of noncontrolling interests, and a $26.9 million non-cash after-tax amortization charge.

The adjusted net loss attributable to common shareholders, a non-GAAP measure, was $9.3 million, or a loss of $0.08 per share for the first quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $9.9 million, or a loss of $0.13 per share, for the first quarter of 2015.

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XPO Logistics Ranked #1 by Shippers for On-Time Pickup and Delivery Among National Less-Than-Truckload Carriers

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GREENWICH, Conn. – April 21, 2016 – XPO Logistics, Inc. (NYSE: XPO), the second largest less-than-truckload (LTL) carrier in North America, has been awarded top honors in eight categories in the 2015 Mastio LTL Carrier Customer Value and Loyalty Report. XPO is a top ten global provider of transportation and logistics services, including LTL, freight brokerage, supply chain, last mile, intermodal, drayage, truckload, expedite, managed transportation and global forwarding.

Surveyed shippers ranked XPO highest among national LTL carriers in the categories of:

  • Trustworthiness
  • Shipments picked up when promised
  • Shipments delivered when promised
  • Ability to meet appointment times for pick-up
  • Shipments delivered with no shortages
  • Competitive transit times
  • Billing accuracy
  • Claims processing

Tony Brooks, president-less-than-truckload for XPO Logistics, said, “Trustworthy, on-time pickup and delivery is paramount to every customer relationship. It’s gratifying that LTL shippers in North America have recognized XPO as the leader in these categories, and in many other important areas of customer service. Every employee on our LTL team shares in this honor: our professional drivers, dockworkers, customer service representatives, and the dedicated operations and sales teams that lead our service centers.”

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XPO Logistics Promotes Safe Driving through Community and Employee Involvement

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GREENWICH, Conn. – April 15, 2016 – XPO Logistics, Inc. (NYSE: XPO) has launched a North American campaign throughout its less-than-truckload (LTL) and full truckload networks to promote National Distracted Driving Awareness Month, a designation of the National Safety Council. The company dispatches approximately 18,000 professional truck drivers daily in its North American transportation operations.

XPO will partner with law enforcement and school districts throughout April to bring visibility to the dangers of distracted driving. Scheduled events include:

  • Say No to Distracted Driving. On April 19 and 20, 2016, XPO professional driver Stephanie Klang will host six distracted driving presentations at Carthage Senior High School in Carthage, Mo. Klang is a Women in Trucking Image Team member and former America’s Road Team captain. The presentations will run from 7:55 a.m. to 1:00 p.m. local time on April 19, and from 9:30 a.m. to 2:35 p.m. on April 20.
  • “Gone Too Soon” Educational Video. On April 26, 2016, Sergeant John Lueckenhoff, public information and education officer for the Missouri State Highway Patrol, will present an educational video and discussion on distracted driving at XPO’s operations center in Joplin, Mo., at 9:00 a.m. local time.

“We’ve all seen motorists text, eat, talk on the phone, even put on makeup while driving,” said Stephanie Klang, a veteran professional XPO driver with more than three million accident-free miles to her credit. “And we all know how dangerous inattentive drivers are. When someone is distracted from looking at the road and the cars around them, the consequences can be tragic.”

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