News / XPO Logistics reports fourth-quarter profits up, despite drop in revenue

XPO Logistics resumed its growth trajectory in the final quarter of last year, as investments in technology and productivity began to bear fruit.

The operator reported a fourth-quarter adjusted ebitda of $432m, compared with $380m the previous year.

Group revenue for the quarter, however, was down to $4.14bn, after $4.39bn last year.

Full-year group revenue for 2019 declined to $16.65bn from $17.28bn in 2018, but annual adjusted ebitda, excluding “$49m of restructuring costs, primarily severance, and $5m of transaction and integration costs”, grew ...