News / Revenue down, but profits up for upbeat XPO Logistics in first half

XPO Logistics gained more from less over the six months to June, with profits up despite declining revenues.

Profit (ebitda) climbed 4% to $798m on revenues of $8.56bn (down 2.4%), with chief executive Bradley Jacobs claiming innovation in less-than-truckload was helping spur growth.

“We’re implementing innovations in North American LTL to drive the next leg of profit improvement,” said Mr Jacobs.

“Our workforce productivity tools are returning positive results in 18 pilot service centres ahead of the national roll-out to all 290 LTL ...