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XPO quarterly profit soars 316pc to US$57.5 million as revenue rises 4.7pc
来源：shippingazette.com 编辑：编辑部 发布：2017/11/07 08:50:17
CONNECTICUT transport giant XPO Logistics' third quarter net profit soared 316 per cent year on year to US$57.5 million, drawn on revenues of $3.89 billion, up 4.7 per cent.
"Our sales force has closed $2.1 billion of new business through September, up 49 per cent, and our pipeline continues to exceed $3 billion globally," XPO chairman and CEO Brad Jacob told American Shipper.
Sixty per cent of XPO revenues are generated in the US, while 13 per cent come from France and 12 per cent come from the United Kingdom, said a company statement.
Retail and e-commerce account for the largest portion of revenue at 26 per cent, with food and beverage trailing behind at 14 per cent, and industrial manufacturing at 10 per cent.
Quarterly transport revenue totalled $2.47 billion, a 2.5 per cent more than last year, which XPO attributed to increases in North American freight brokerage, less-than-truckload and last mile and European less-than-truckload.
Quarterly logistics revenue came in at $1.46 billion, 8.3 per cent year on year, with contract logistics leading both in Europe and North America.
Said Mr Jacobs: "XPO benefited from positive market dynamics, including e-commerce demand for contract logistics and last mile, growth in intermodal, and a brokerage market that is trending in our favour.
He also said XPO had its sights set on Western Europe and North America, and mainly on asset-light companies.
"Our sales force has closed $2.1 billion of new business through September, up 49 per cent, and our pipeline continues to exceed $3 billion globally," XPO chairman and CEO Brad Jacob told American Shipper.
Sixty per cent of XPO revenues are generated in the US, while 13 per cent come from France and 12 per cent come from the United Kingdom, said a company statement.
Retail and e-commerce account for the largest portion of revenue at 26 per cent, with food and beverage trailing behind at 14 per cent, and industrial manufacturing at 10 per cent.
Quarterly transport revenue totalled $2.47 billion, a 2.5 per cent more than last year, which XPO attributed to increases in North American freight brokerage, less-than-truckload and last mile and European less-than-truckload.
Quarterly logistics revenue came in at $1.46 billion, 8.3 per cent year on year, with contract logistics leading both in Europe and North America.
Said Mr Jacobs: "XPO benefited from positive market dynamics, including e-commerce demand for contract logistics and last mile, growth in intermodal, and a brokerage market that is trending in our favour.
He also said XPO had its sights set on Western Europe and North America, and mainly on asset-light companies.