XPO delivers solid earnings results

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.
Source: logistics Mgmt