XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company\u2019s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts\u2019 expectations.
\nlast-mile solutions are a growing part of the logistics business
\nFor Q4 of 2016, revenue increased 10 percent, year-over-year, to US$3.68 billion. Fourth quarter net income was $27.3 million for the quarter, a significant reversal over 2015\u2019s net loss of $62.8 million. Adjusted EBITDA for the fourth quarter of 2016 improved to $291.1 million. This compares with $217.6 million for the same period in 2015.
\nBradley Jacobs, chairman and CEO of XPO Logistics, said the company generated the strongest growth in last-mile and contract logistics, driven primarily by e-commerce, which offset \u201ca weak intermodal environment.\u201d He added that his company\u2019s less-than-truckload operations in North America \u201ccapped an outstanding year with a 40 percent increase in fourth-quarter adjusted operating income.\u201d
\nOne area of growth has been XPO\u2019s \u201cwhite glove\u201d delivery service, which handles bulky and heavy items, such as furniture, a market that e-commerce is clawing away from traditional brick-and-mortar stores. \u201cWe\u2019re benefiting from the tailwinds of e-commerce,\u201d Jacobs told the Wall Street Journal. He explained that, as online sales grow, \u201cour business increases, and we\u2019re also getting an increasing amount of their business as their prime supplier.\u201d
\nThose interested in learning more about air freight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
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\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company\u2019s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts\u2019 expectations. last-mile solutions are a growing part of the logistics business For Q4 of 2016, revenue increased 10 percent, year-over-year,[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":2230,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/2229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/2229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media\/2230"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media?parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/categories?post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/tags?post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}