XPO LOGISTICS - 1Q16 RESULTS
​In a seasonally weak quarter for logistic and transportation companies explained by the usual post-Christmas slowdown, XPO maintained its momentum from previous quarters and posted a solid performance. Most notable results came from the less than truckload (‘LTL’) business with its operating income up 54% mostly on reorganization and cost cutting.
XPO Logistics is a global provider of supply chain solutions to various companies. The company has two reporting segments: Transportation and Logistics. The company's Transportation segment facilitates the movement of raw materials, parts and finished goods. The company's transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The company's Logistics segment services include warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services.
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