News / A turning point as XPO Logistics delivers first quarterly profits in five years

After almost five years of sometimes frantic merger and acquisition activity, XPO Logistics this week finally rewarded its investors by delivering its first quarter of net profit.

The US-headquartered logistics firm, which has seen rapid expansion over the past few years with a series of high-profile takeovers, posted a net profit of $42.6 for the second quarter, on revenues of $3.7bn, a 203% growth on the same period last year.

In second quarter of 2015 it posted a net loss of $75.1m, ...