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  1. #1
    Retired !

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    Retired - New Penn
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    Default XPO reports 2Q loss

    Some trucking and parcel companies have reported good earnings, but that is not the case with XPO.

    XPO Reports Net Loss in Q2; Revenue Slides
    XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic, but it said business had started to rebound in some markets.
    The Greenwich, Conn.-based trucking and logistics company said it lost $132 million compared with a profit of $122 million in the same period a year earlier. It posted a loss of $1.45 per diluted share compared with a profit of $1.19 in the prior year.
    Revenue fell 17.4% to $3.5 billion from $4.2 billion for the same period in 2019.
    XPO operates in 30 countries and has 96,000 employees.
    https://www.ttnews.com/articles/xpo-...venue-slides-0

  2. #2
    Scab Hating Union Thug

    Join Date
    Aug 2009
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    YRC
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    Utah
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    Default Re: XPO reports 2Q loss

    Quote Originally Posted by fxstc07 View Post
    Some trucking and parcel companies have reported good earnings, but that is not the case with XPO.

    XPO Reports Net Loss in Q2; Revenue Slides



    https://www.ttnews.com/articles/xpo-...venue-slides-0
    They are not having a great review from my wife's employer. Many problems with freight delays.

 

 

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