XPO Logistics Reports 2Q Loss

XPO Logistics’ second-quarter loss widened from a year ago, but revenue more than tripled.

XPO lost $18.1 million, or $1 per share, compared with a loss of $5.9 million, or 34 cents, a year ago. Revenue rose to $137.1 million from $54.5 million.

XPO reaffirmed its full-year outlook of an annual revenue run rate of more than $1 billion, and positive earnings before taxes for the fourth quarter.

The company said it will complete its acquisition of Atlanta-based logistics firm 3PD in the third quarter and that its acquisition pipeline remains “very active,” with a list of about 100 targets.