News / Strong third quarter for bullish XPO on the eve of latest spin-off

On the eve of the spin-off of XPO Logistics’ truck brokerage division, RXO, the company has beaten analyst expectation and delivered some of its strongest quarterly results.

The company reported group-wide revenues of $3.04 bn for the quarter – although this was down on the $3.27bn reported in Q3 21 – excluding revenue from its intermodal division, which was sold in March this year, organic revenue increased 3% year on year.

Group adjusted ebitda, meanwhile, increased to $352m, compared with $307m for ...