News / XPO Logistics sprints ahead on its M&A spree, and CEO Jacobs now eyes profits

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US forwarder XPO Logistics more than doubled its revenues last year, following six acquisitions, although net losses also more than doubled, to $48.5 million.

Management announced the $335 million acquisition of US intermodal operator Pacer International in January, and expects to acquire another $400 million of revenue via M&A in 2014.

XPO generated $700 million in revenue in 2013, but in an interview yesterday, CEO Brad Jacobs (pictured) told The Loadstar he expects a $2.75 billion revenue run rate in 2014.

Run rates, ...