News / Record first quarter for XPO as it prepares to spin off logistics arm

The first quarter of this year was a record in terms of revenue for XPO Logistics, which reported a $4.77bn turnover, propelled by its strong growth in its truck brokerage business.

This compared with revenues of $3.86bn for the first three months of last year. Adjusted ebitda for Q1 this year grew to $443m from $333m a year ago.

The company’s transport division, which includes truck brokerage, full-truckload and less-than-truckload (LTL) operations, reported Q1 revenues of $2.99bn, against $2.46bn for the same ...