News / XPO Logistics moves into air freight as it continues its buying spree

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Rapidly growing US freight newcomer XPO Logistics has branched out into the air freight market with the acquisition of East Coast Air Charter for $9.25m.

East Coast Air Charter last year had revenues of some $43m. Its acquisition is the latest step in XPO Logistics’ outlined strategy of “buying revenue”, as it seeks to eventually build a company with combined revenues of $5bn.

So far its acquisitions – Continental Freight Services, Canadian firm Kelron, and Turbo Logistics – have been focused on ...