News / A year of consolidation for XPO, but more acquisitions are on the cards

XPO Logistics won $2.1bn in new business in the first nine months of the year – 49% year-on-year growth – according to its third-quarter results, unveiled today.

It generated revenues of $3.88bn in the quarter, compared with $3.71bn in the same period last year.

Adjusted EBITDA for the period grew to $369.6m, from $352.7m last year.

Group revenue and profit were no longer growing at the steep rate of previous years, as a period of intense merger and acquisition activity has cooled off and the company has concentrated on integrating ...