News / 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, lower rates in truck brokerage and unfavourable foreign currency exchange”.

However, ...