News / XPO Logistics sees revenue and profits up in 2018, but the 2019 view not so rosy

XPO Logistics yesterday reported double-digit increases in both revenue and profit in its 2018 full-year results.

But the operator warned that a weaker fourth quarter had pushed it to lower its forecasts for 2019.

It reported full-year revenue of $17.28bn, a 12.3% increase over the $15.38bn in 2017, while adjusted ebitda increased 14.3% to $1.56bn, compared with $1.37bn the year before.

Meanwhile, fourth-quarter revenue increased to $4.39bn, compared with $4.19bn in the same period in 2017, and adjusted ebitda was $380m, compared with $337m ...