Daily Archives: August 3, 2016

XPO Logistics Announces Second Quarter 2016 Results

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GREENWICH, Conn. – August 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the second quarter of 2016. Total gross revenue increased 202.9% year-over-year to $3.7 billion. Net income attributable to common shareholders was $42.6 million for the quarter, or earnings of $0.35 per diluted share, compared with a net loss attributable to common shareholders of $75.1 million, or a loss of $0.89 per diluted share, for the same period in 2015.

The adjusted net income attributable to common shareholders, a non-GAAP measure, was $50.4 million, or earnings of $0.42 per diluted share for the second quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $13.6 million, or a loss of $0.16 per diluted share, for the second quarter of 2015.

Read more at xpo.com

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A. Duie Pyle reaps big return on in-vest-ment

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August 3, 2016, by DC Velocity Staff – Neon safety vests are a common sight at crosswalks and construction zones, where they’re used to improve visibility and avoid collisions. But a transportation and logistics company has discovered that their benefits go far beyond that.

In April 2015, trucking company A. Duie Pyle began requiring employees to wear safety vests at all times. Across the carrier’s 22 cross-docking freight terminals throughout the Northeast, drivers and dock workers donned lime green vests while their supervisors pulled on orange versions.

As expected, the company quickly saw a reduction in overall injuries, but statistics revealed a surprising trend. Not only did the move reduce the number of injuries involving vehicles, but it also reduced injuries and mistakes across the spectrum—from simple driving errors to forgetting to wear work gloves.

Read more at thetrucker.com

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