XPO's revenue decreases in Q3/2019
XPO Logistics has announced its financial results for the third quarter of 2019. Revenue was USD 4.15 billion for the quarter, compared with USD 4.34 billion for the same period in 2018. Net income attributable to common shareholders was USD 117 million for the quarter, compared with USD 101 million for the same period in 2018. Operating income was USD 229 million for the quarter, compared with USD 209 million for the same period in 2018.
Bradley Jacobs, chairman and CEO of XPO Logistics, said: "Our significant investments in technology are creating tailwinds across our operations. We’re executing on ten initiatives that represent a pool of USD 700 million to USD 1 billion of potential profit improvement over the next several years. All ten initiatives are specific to XPO and largely independent of the operating environment. We’re very focused on the size of the prize and the meaningful potential uplift to our profitability.” (mw)