XPO ClothingWarehouseEmployee

XPO Logistics this week reported another set of record quarterly results as it whittles down its possible acquisition targets to around a dozen.

Chief executive Brad Jacobs told The Loadstar the 3PL was now in a different phase in its M&A strategy.

“The base case scenario of doing a couple of deals by the end of this year remains on track – a year ago there was a couple of hundred potential targets; that has now been reduced to shortlist of 12,” he said.

The scale that ...

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