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Sep 30, 2020
XPO Logistics Q3 2020 Earnings Report
XPO Logistics reported a dramatic rebound across service offerings and geographies.
Key Takeaways
XPO Logistics' third quarter results showed a significant rebound with revenue increasing to $4.22 billion, and adjusted EBITDA reaching $439 million. The company's growth was broad-based across service offerings and geographies, driven by supply chain outsourcing and e-commerce.
Revenue increased to $4.22 billion, compared to $4.15 billion for Q3 2019.
Net income attributable to common shareholders was $84 million.
Operating ratio for LTL was a quarterly record at 81.7%.
The company had access to approximately $3.1 billion of total liquidity, including $2.0 billion of cash and cash equivalents.
XPO Logistics
XPO Logistics
Forward Guidance
The company expects to generate adjusted EBITDA and free cash flow for the fourth quarter and full year 2020.