XPO Logistics

XPO said that its board of directors has authorized a review of strategic alternatives, which includes the possible sale or spin-off of one or more of its business units. And it added that there is “no assurance of any specific outcome” and there is no specific timetable for the completion of the review process or which, if any, of its business units would be sold or spun off.

Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, reported solid third quarter earnings today. Revenue­­-at $4.15 billion-was down 4.4% annually, and net income attributable to common shareholders-at $117 million-was up 13.7% compared to $101 million a year ago. Operating income-at $229 million-was up 8.7%, and diluted earnings per share-at $1.14-topped Wall Street estimates of $1.03 per share.

With an eye on advancing innovation in the logistics sector, Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, said today it has formed a partnership with the Massachusetts Institute of Technology (MIT) Industrial Liaison Program (ILP), and last week it announced it has added Aris Kekedjian to its Board of Directors.

Revenue­­-at $4.24 billion-was down 2.7% annually, and net income attributable to common shareholders-at $122 million-was down compared to $132 million a year ago. Operating income-at $258 million-was up 11.7%, and diluted earnings per share-at $1.19-topped $1.03 from a year ago and Wall Street estimates of $1.04.

XPO said that the registered number of United States carriers using Drive XPO for XPO Connect reached 18,000 in April 2019, 12 months after its initial launch, and it rose to 22,000 carriers in May.

EBITDA, at $343 million, was up 3.9% annually for a first quarter record, and adjusted earnings per share, at $0.51, topped Wall Street estimates of $0.39. Free cash flow for the quarter came in at $96 million.

Global freight transportation and logistics services provider XPO Logistics announced today it has added last mile capabilities to XPO Connect, its cloud-based digital freight marketplace.

In today’s era of fickle e-commerce customers, reverse logistics represents an untapped opportunity for imaginative managers and their 3PL partners to plump up the bottom line.

Fourth quarter revenue, at $4.39 billion, was up 4.6% annually, and net income attributable to common shareholders came in at $84 million compared to $189 for the same period a year ago, including a $173 million net benefit related to U.S. tax reform. Adjusted EBITDA for the quarter rose 11.4% to $380 million, and XPO generated cash flow from operations of $566 million and $479 million in free cash flow. Earnings per share, at $0.72, topped $0.45 a year ago. Full-year 2018 revenue was up 12.3% to $15.38 billion, and organic revenue growth...

XPO Logistics expects to generate approximately $100 million in incremental operating profit over the next two years from proprietary less-than-truckload technologies.

Earlier today, global freight and logistics services provider XPO Logistics said it has rolled out four new technology efforts that serve as the “core” of its LTL (less-than-truckload) 2.0 optimization plan.

Third quarter revenue was up 11.5% annually to $4.34 billion, and quarterly net income attributable to common shareholders coming in at $100.8 million, which topped $57.5 million for the same period a year ago.

Global freight transportation and logistics services provider XPO Logistics announced today it has made upgrades to its XPO Connect, its cloud-based digital freight marketplace, and Drive XPO mobile app, which interfaces with XPO Connect.

XPO Logistics will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K., and eight other European countries.

The time for holiday hiring has arrived, with three of the biggest household names in the freight transportation and logistics sectors-UPS, FedEx, and XPO Logistics, each making announcements to that effect over the last few days.