News / XPO Logistics' Jacobs reveals strategy as $1bn revenue mark approaches

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Fast-growing US freight firm XPO Logistics has said it expects to turn a profit later this year after announcing a full-year net loss in 2012 of $20.3m.

In an interview with The Loadstar, chief executive Bradley Jacobs confirmed that he expected the company to move into the black in the final quarter of this year.

“On an ebitda [earnings before interest, tax, depreciation and amortisation] basis the company is forecasting that it will move into the black in the fourth quarter of ...