XPO Logistics – Q&A with investors

About truck brokerage… all you need to need is here.

Margin

1. On brokerage, there was a 400-basis-point sequential contraction in net revenue margin. What would you attribute that to?

XPO: Some of that is related to seasonality — that typically results in some margin degradation from Q1 to Q2. Also, the cycle is maturing a bit. In Q1, we had tons of rail congestion, and freight that typically went by intermodal was moved by truckload instead. While the margin percentage was ...