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Fast-growing US freight company XPO Logistics is broadening its ambitions, outlining plans that would see the company evolve from a US regional freight broker and freight forwarding concern to one of the country’s leading freight firms.

Chief executive Bradley Jacobs had previously explained how he aimed to build an operation with $5bn annual revenue within five years. However, after announcing a second consecutive quarter of positive results on Friday, he has upped that target by 50%.

“Given our achievements so far, we ...

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