News / XPO Logistics stays bullish, despite $15m hit from client bankruptcy

The bankruptcy of UK high street retailer House of Fraser dented XPO Logistics’ quarterly profits to the tune of some $15m, according to the latest financial report released late yesterday.

“The company has updated its full-year 2018 target for adjusted ebitda to approximately $1.58bn, from at least $1.6bn. The revised target for adjusted ebitda primarily reflects the impact of a customer bankruptcy in the third quarter. The company has reaffirmed its 2017–2018 target for cumulative free cash flow of approximately $1bn,” it ...