XPO Logistics

Following its April announcement that it planned to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion, non asset-based 3PL XPO Logistics said yesterday that the acquisition has been made official.

Non asset-based 3PL XPO Logistics has upped its equitable ante, announcing today it has entered into definitive agreements to raise $1.26 billion through entering into definitive agreements with the Ontario Teachers’ Pension Plan, GIC-Singapore’s sovereign wealth fund, and Public Sector Pension Investment board, with the net proceeds to be used by XPO to fund its ongoing growth strategy, the company said.

Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.

Since its inception in September 2011, non asset-based 3PL XPO Logistics has made several acquisitions. And that process it has established itself as a player in myriad markets through its growth by acquisition strategy. Yesterday, it took things on the acquisition front to a new level, announcing it plans to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion.

XPO Logistics announced late yesterday it has acquired New York, New York-based UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce shippers.

Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.

Non asset-based 3PL XPO Logistics said yesterday it formally completed its acquisition of New Breed Logistics, a non asset-based 3PL focusing on contract logistics services, for roughly $615 million.

第一季度收入总值XPO元物流282.4 million—was up 147.7 percent annually, while net revenue saw a 259.1 percent increase to $58.4 million.

Following its January announcement that it entered into a definitive agreement to acquire Dublin, Ohio-based Pacer International, a freight transportation and logistics services provider and the third largest provider of intermodal services in North America, non asset-based 3PL XPO Logistics said today that the deal has been completed.

Total fourth quarter revenue for XPO Logistics—at $257.2—was up 137.1 percent. For all of 2013, XPO’s total revenue of $702.3 million marked a 152.1 percent annual increase, with a net loss of $48.5 million, which exceeded a 2012 net loss of $20.3 million.

XPO Logistics said today it has entered into a definitive agreement to acquire Dublin, Ohio-based Pacer International, a freight transportation and logistics services provider and the third largest provider of intermodal services in North America.

Following the December announcement that it had entered into a definitive agreement to acquire NLM, the largest provider of Web-based expedited transportation in North America from Jacksonville, Fla.-based Landstar System and Landstar’s A3i, which provides Web-based transportation and supply chain management technology focused on the order-to-cash process, non asset-based 3PL XPO Logistics said that the transaction has been made official.

XPO Logistics has entered into a definitive agreement to acquire NLM, the largest provider of Web-based expedited transportation in North America from Jacksonville, Fla.-based Landstar System.

Non asset-based 3PL XPO Logistics said today it has brought Atlanta-based Optima Service Solutions LLC into the fold for $26.6 million.

The company reported third quarter revenue of $194.0 million, which is a 173.3 percent annual increase, with gross margin dollars up 251.0 percent to $34.8 million, and gross margin percentage up 400 basis points to 18.0 percent.