XPO Logistics, in their recent report for the second quarter, reported mixed financial results. The
net income fell from $159 million to $149 million, comparing the current results to the previous
year's figures. Contrarily, earnings per share shot up from last year's $1.14 to $1.32. The net
income for the first six months of 2019 was reported to be $197 million, in comparison to 2018
where it was at $238 million. The price per share for the six months was at $1.66 compared to
last year's $1.70.

The revenue for the current year was reported to be at $ 4.23 billion while the previous year it
was at $4.36 billion. For the first six months of 2019, the revenue tallied at $8.36 billion while
2018 it was at $8.55 billion. The operating ration recorded an improvement depicting some
improvement in terms of efficiency.

According to CEO Bradley Jacobs, despite the worrying figures, the company is down to
implement their innovations in North American LTL to drive up their profit margins. Jacobs said
that their workforce productivity tools had been bringing in positive feedback from their pilot
centres. He also added that they are enhancing their technological advancements to see to it that
productivity hits greater heights, for instance, the use of machine learning.

The transportation division also registered lower revenue compared to last 2018's revenue for the
second quarter insinuating a reduction in freight brokerage, expensive foreign currency exchange
and reduced truckload rates in freight brokerage. The XPO logistics division recorded an
increase of 1.2% of revenue compared to 2018. The organic revenue shot up by 4.8%.

XPO ranks No. 1 on the Transport Topics Top 50 list of the largest logistics companies in North
America and No. 3 on the TT Top 100 list of the top for-hire carriers.