XPO Logistics halves losses and acquires Bridge Terminal Transport

05/05/2015

Hot on the heels of announcing it is set to buy Norbert Dentressangle, by far its highest profile acquisition to date, XPO Logistics has agreed to buy US asset-light drayage provider Bridge Terminal Transport for $100m. In addition, yesterday saw XPO release first-quarter results for 2015, in which it reported a net loss of $14.7m on gross revenues of $708m, a year-on-year increase of 150%.