XPO Logistics delivers ‘solid’ third quarter results as cost cuts take effect

XPO Logistics has left its full-year forecast of a 2019 EBITDA target of $1.67bn-$1.72bn unchanged after it delivered third quarter results that were broadly in line with last year.
Quarterly revenue for the US-headquartered road freight and contract logistics group was $4.15bn, compared with $4.34bn in the same period in 2018, which was largely due to a decline in “freight brokerage and direct postal injection revenue from the company’s largest customer, …

The post XPO Logistics delivers ‘solid’ third quarter results as cost cuts take effect appeared first on The Loadstar.

Source: The Loadstar

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