News / Cash-rich XPO Logistics stays on the acquisition trail after a profitable Q3

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XPO Logistics last week reported an earnings before interest, tax, depreciation and amortisation (EBITDA) of $24.2m for the third quarter of the year, compared with a loss of $7.1m in the same period last year, and said it remains on course to be generating an annual revenue run rate of $150m on revenues of $3bn by the end of the year.

Gross revenue for the quarter came in at $662.5m, a 240% year-on-year increase, and it also passed an important milestone ...