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XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America

Posted By Administration, Monday, July 15, 2013
Updated: Monday, August 26, 2013

Contact:

Media Contact:

XPO Logistics, Inc.
Brunswick Group
Steve Lipin / Gemma Hart +1-212-333-3810


One of the fastest-growing segments of non-asset third party logistics

Addition of last-mile delivery strengthens XPO's position as a single-source supply chain partner

Transaction to be immediately and significantly accretive to earnings

Conference call scheduled for July 15, 2013

GREENWICH, Conn. —July 15 — XPO Logistics, Inc. ("XPO Logistics," "XPO" or "the company") (NYSE: XPO) today announced that it has entered into a definitive agreement to acquire all of the common stock of 3PD, Inc. ("3PD") in a transaction valued at approximately $365 million. 3PD is the largest non-asset, third party provider of heavy goods, last-mile logistics in North America. The acquisition is expected to be immediately and significantly accretive to earnings.

The transaction reflects an aggregate consideration of approximately $357 million of cash and $8 million of XPO restricted stock, and is expected to close in the third quarter of 2013, subject to Hart-Scott-Rodino clearance and customary conditions. The company has obtained a commitment from Credit Suisse Group for a $195 million term loan, which together with cash on hand is sufficient to fund the transaction.
3PD, based in Atlanta, was founded by Karl and Randy Meyer in 2001 to capitalize on rapid growth in the last-mile logistics segment serving retail shippers. Today, 3PD is the premier logistics provider of its kind in North America, facilitating approximately two times more annual deliveries than its nearest competitor. The business reported year-over-year growth in adjusted EBITDA1 of 20 percent and 36 percent for the full year 2012 and the first five months of 2013, respectively; and trailing 12 months revenue of $319 million through May 31, 2013.

3PD provides blue chip retailers with customized solutions tailored to their supply chain needs, and serves small and mid-sized shippers by matching them to carriers on a transactional basis. The business has differentiated itself through its ability to assure a superb customer experience using proprietary technology and industry-leading process management. 3PD was named an Inbound Logistics Top 100 third party logistics provider and a Transport Topics Top 50 logistics company for 2012. All of 3PD's executives have agreed to join XPO and will continue to lead the operation.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "Our acquisition of 3PD advances our strategy for rapid, disciplined growth in non-asset transportation logistics. 3PD is the clear market leader in the heavy goods, last-mile delivery space – an extremely fast-growing segment that serves blue chip retailers, e-commerce companies and smaller retailers. XPO will be a direct provider of a high-margin, high cash flow service that's filling a growing need of consumers and shippers, including our own customers."

Jacobs continued, "We're extremely pleased that Karl and his management team will be staying on to lead the business. They've built 3PD into the first choice of heavy goods shippers by delivering outstanding results in an exacting service environment. 3PD's offerings fit squarely within our core competency and complement our current range of services. Very soon, 3PD's customers will have the convenience of white glove deliveries, truck brokerage, freight forwarding and expedite services through a single source."
Karl Meyer, chairman and chief executive officer of 3PD, said, "We're eager to join the XPO family and extend our track record of outpacing industry growth. We can cross-sell our services and share customer-centric technologies. The 3PD team understands, as XPO does, the importance of creating a world-class customer experience."

Advisors
Credit Suisse Group is serving as financial advisor to the board of directors of XPO Logistics, and Morgan Stanley & Co. LLC is serving as financial advisor to the board of directors of 3PD.
The Market Opportunity2
3PD operates within one of the fastest-growing segments of transportation logistics, where providers typically generate high margins and strong cash flow. Shippers of heavy goods spend approximately $12 billion on last-mile deliveries each year in North America. These deliveries often require white glove services by the carrier, which creates a premium price structure for existing providers and a significant barrier to entry.
Demand for heavy goods, last-mile logistics is being driven by two market dynamics: a trend toward outsourcing high-touch shipments, and the rapid expansion of e-commerce retailing. Outsourcing provides retailers with greater cost efficiency and better service than they could achieve by managing last-mile deliveries on their own. E-commerce is the fastest-growing channel for retail purchases, with double-digit annual growth projected over the next four to five years.

Conference Call
XPO Logistics will hold a conference call on Monday, July 15, 2013, at 8:30 Eastern Time. Participants can call toll-free (from U.S./Canada) 1-888-895-5479; international callers dial +1-847-619-6250. A live webcast of the conference will be available on the investor relations area of the company's website,http://www.xpologistics.com/investors. The conference will be archived until August 8, 2013. To access the replay by phone, call toll-free (from U.S./Canada) 1-888-843-7419; international callers dial +1-630-652-3042. Use participant passcode 35253613.

About XPO Logistics, Inc.
XPO Logistics (NYSE: XPO) is one of the fastest growing providers of transportation logistics services in North America, and a top five provider of expedited transportation services. The company was ranked as the 17th largest freight brokerage firm in North America (2012) by Transport Topics.

XPO Logistics currently has 62 locations and over 1,100 employees operating in the United States and Canada. Its three business units – freight brokerage, expedited transportation and freight forwarding – use relationships with ground, sea and air carriers to serve over 8,500 customers in the manufacturing, industrial, retail, commercial, life sciences and government sectors. The company has more than 400 trucks under exclusive contract and over 22,000 additional relationships with carriers that provide capacity.http://www.xpologistics.com

About 3PD, Inc.
Founded in 2001, 3PD is a non-asset, third party logistics company and the largest provider of heavy goods, last-mile logistics in North America. 3PD was the first company of its kind to create a truly nationwide, non-asset, last-mile delivery solution for furniture, appliances, large-scale electronics and building supplies; the first to provide dedicated service in a transactional model to every destination in the contiguous United States; and the first to offer a technology that allows companies to integrate all of their white glove delivery activity on the same platform.

3PD, with 28 locations, facilitates over 4.5 million shipments per year with industry-leading customer satisfaction results. The company focuses on making the all-important final-mile experience better, faster and more cost effective for all parties involved. 3PD has pioneered one of the most thorough quality assurance processes developed specifically for heavy goods, last-mile service. Its patent-pending delivery management system allows customers to manage, monitor and measure the success of last-mile shipments.http://www.3pd.com

Forward-Looking Statements
This press release, the conference call and the webcast include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the projected satisfaction of closing conditions for the transaction and related financing, the expected closing date for the transaction, the expected impact of the transaction and the related financing, including the expected impact on XPO Logistics' results of operations and EBITDA, the retention of the 3PD management team, the expected ability to integrate operations and technology platforms and to cross-sell services, and the expected growth of the ecommerce-based home delivery market. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that could adversely affect actual results and performance include economic conditions generally; competition; our ability to find suitable acquisition candidates and execute our acquisition strategy; our ability to raise debt and equity capital; our ability to attract and retain key employees to execute our growth strategy, including retention of 3PD's management team; litigation; our ability to develop and implement a suitable information technology system; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to retain our and 3PD's largest customers; and governmental regulation. Additional factors that could cause actual results to differ materially from those projected in the forward-looking statements can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012, and our other filings with the Securities and Exchange Commission. All forward-looking statements set forth in this press release, on the conference call and in the webcast are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. We do not undertake any obligation to update forward-looking statements set forth in this press release, on the conference call and in the webcast to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events except to the extent required by law.

Investor Contact:
XPO Logistics, Inc.
Dana Gibson +1-203-930-1470
dana.gibson@xpologistics.com

Media Contact:
XPO Logistics, Inc.
Brunswick Group
Steve Lipin / Gemma Hart +1-212-333-3810<

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DAYTON FREIGHT LINES AWARDED 2013 QUEST FOR QUALITY AWARDS

Posted By Administration, Tuesday, July 2, 2013
Updated: Monday, August 26, 2013

Contact:

Karen A. Boyle

InTandem
kboyle@woh.rr.com
937.438.5430

937.219.5708


DAYTON, OHIO … Dayton Freight Lines, a leading provider of regional less-than-truckload (LTL) transportation services, has won Logistics Management’s 2013 Quest for Quality award in the Midwest/North Central Regional LTL category. This is the fourth time DFL has been honored with this achievement. And, for the first time, DFL has won the 2013 Quest for Quality Award in the Expedited Motor Carriers Category.

The Quest for Quality awards are voted on by readers of Logistics Management magazine, and are regarded as one of the most important measures of customer satisfaction and operational excellence in the transportation industry. Each year, the study evaluates and measures transportation service providers across the nation utilizing criteria such as on-time performance, value, information technology, customer service and equipment/operations.

"These particular awards are meaningful because they are based on customer opinions,” says Dave Brady, VP of Sales. "Dayton Freight is committed to helping our customers with their transportation needs – quickly, accurately and with total freight visibility. Our culture is one of servant leadership, and we are proud to serve so many great companies.”

Founded in 1981, Dayton Freight Lines is a private, union-free, LTL freight carrier headquartered in Dayton, Ohio. With 43 Service Centers in the Midwest region, Dayton Freight offers shippers 1 or 2 day service to thousands of points throughout an 11 state area. With their Strategic Alliance Network, they serve all of the United States, Canada, Mexico, Puerto Rico and Guam. Dayton Freight is currently ranked as the 17th largest LTL carrier in the country.

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TUCKER, MCSAC CSA SUBCOMMITTEE MAKE RECOMMENDATIONS TO FMCSA

Posted By Administration, Thursday, May 30, 2013
Updated: Monday, August 26, 2013

Contact:

Jeff Tucker, CEO;

mailto:jefft@tuckerco.com
856-317-9600 ext. 122
mobile: 856-498-5361

Alexandria, VA - On April 9, 2013, the FMCSA received the MCSAC CSA Subcommittee's recommendations for improvement to the CSA system. Jeff Tucker, who was appointed to the subcommittee in February 2013 and supported the recommendations, has long advocated the reform of crash reporting standards that do not accurately represent responsible carriers. Tucker's recent recommendations to the FMCSA also include improving how DOT crash statistics are used, and by whom:

1. Remove CSA scores from public view (their purpose is exclusively law enforcement) or, at a minimum, remove the Controlled Substance/Alcohol and Driver Fitness BASICs. (Carriers with higher scores in two [2] BASICs are involved in fewer accidents than carriers with lower scores!)
2. FMCSA should not encourage non-law enforcement personnel (e.g., shippers, brokers, insurance companies, etc.) to use CSA data for carrier selection, and should not provide "guidance" on using CSA data to determine a carrier's "qualification" for use. The purpose of SMS is exclusively for internal law enforcement prioritization.
Tucker Company Worldwide, Inc. is America's oldest privately held operating freight broker and is based in Cherry Hill, NJ. Tucker specializes in arranging shipments of high value, high security, climate controlled and otherwise sensitive materials for some of the world's best known brands. Tucker is active in its trade association and serves on a select committee reviewing motor carrier safety for the U. S. Department of Transportation. Tucker has been a first responder supporting the government with trucking of relief supplies for most of the nation's natural and man-made disasters in the last 30 years.

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TUCKER CHAMPIONS REFORM IN REPORTING CARRIER CRASH STATISTICS

Posted By Administration, Monday, May 27, 2013
Updated: Monday, August 26, 2013

Contact:

Jeff Tucker, CEO

mailto:jefft@tuckerco.com
856-317-9600 ext. 122

mobile: 856-498-5361


FOR IMMEDIATE RELEASE - Cherry Hill, NJ USA, - Current standards in carrier crash reporting are unfair, misleading, and may a have negative impact on carrier selection according to Jeff Tucker, CEO of Tucker Company Worldwide, and the MCSAC CSA Subcommittee on which he serves. On April 9, 2013, the MCSAC passed to FMCSA the CSA Subcommittee's recommendations for improvement to the CSA system. Tucker remains baffled that the agency didn't recognize and act on the obvious need for these changes long ago. He believes certain elements within FMCSA have internal agendas that outweigh reason and due process, and those elements seem to be ruling the day. He hopes this partial list of recommendations will begin to turn the tide:

1. For a carrier's Crash BASIC, exclude crashes where there is a clear determination that the carrier was not at fault or (in the language of the regulations), the crash was non-preventable. (E.g., don't penalize the carrier when a car runs into it while the truck was stopped at a red light).
2. Evaluate changing the definition of reportable DOT crash for purposes of CSA to include only fatalities or injuries (e.g., exclude deer kills where no cars or people were involved).
3. FMCSA should standardize the data it gathers from the individual 50 states.

Until these reforms can be enacted, responsible carriers will continue to be misrepresented under the current carrier selection framework.

Tucker Company Worldwide, Inc. is America's oldest privately held operating freight broker and is based in Cherry Hill, NJ. Tucker specializes in arranging shipments of high value, high security, climate controlled and otherwise sensitive materials for some of the world's best known brands. Tucker is active in its trade association and serves on a select committee reviewing motor carrier safety for the U. S. Department of Transportation. Tucker has been a first responder supporting the government with trucking of relief supplies for most of the nation's natural and man-made disasters in the last 30 years.
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TUCKER OPENS TEXAS OFFICE

Posted By Administration, Thursday, May 23, 2013
Updated: Monday, August 26, 2013

Contact

Jeff Tucker, CEO

mailto:jefft@tuckerco.com
856-317-9600 ext. 122
mobile: 856-498-5361

Cherry Hill, NJ USA, May 23, 2013 - Tucker Company Worldwide is pleased to announce the opening of our first Texas sales office, located in Houston. A significant percentage of Tucker's freight volume originates and/or delivers in Texas. Our Texas and greater Southwest customers have been well served for years by our team domiciled on the east coast, but as business and relationships continue to develop, we felt compelled to offer our customers more direct contact. Texas is a huge market, and we're delighted to now call Texas "home."

Tucker Company Worldwide, Inc. is America's oldest privately held operating freight broker and is based in Cherry Hill, NJ. Tucker specializes in arranging shipments of high value, high security, climate controlled and otherwise sensitive materials for some of the world's best known brands. Tucker is active in its trade association and serves on a select committee reviewing motor carrier safety for the U. S. Department of Transportation. Tucker has been a first responder supporting the government with trucking of relief supplies for most of the nation's natural and man-made disasters in the last 30 years.

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AGS Introduces The Virtual Appointment Calendar for Its White Glove Delivery Service

Posted By Administration, Wednesday, May 22, 2013
Updated: Monday, August 26, 2013

Contact:

Anthony Vella, Director

Phone: 516-627-8910

anthony.vella@agsystems.com


Now YOU can schedule your own White Glove industrial or residential deliveries!

 

New Hyde Park, NY (May 22, 2013) - Associated Global Systems (AGS), a New York based , full service transportation and logistics provider, introduces its Virtual Appointment Calendar to its White Glove delivery customers.


The Virtual Appointment Calendar was originally created for the e-commerce/home delivery sector. Shippers are provided a link by AGS to include in their order reply to customers directing them to their website to schedule a delivery. The customer may choose from transit schedule and appointment time windows that are designed by the shipper.

Other attractive features of the calendar would provide consumer control of the delivery experience. Customers can choose the day and time that best suits them. Customers can enter free-form instructions that are sent directly to the local dispatchers. By using this Virtual Appointment Calendar, your customers will no longer wait for a phone call to schedule a delivery. A direct link can connect your customers to the scheduler via any electronic device and allow them to track their orders.

AGS provides a premium white glove delivery service to businesses and residences, with a unique value proposition, offering a customized supply chain solution to and from every zip code in the country. AGS offers a complete menu of transportation services and delivery options with no size or weight limits, a big advantage over the two leading small package express carriers that have carton limits of 150 pounds and 165 inches in length and girth.

This white glove delivery service is an ideal method for delivery of time-definite and sensitive products including computers, printers, TV’s, kiosks, retail store displays and fixtures, fitness equipment, furniture and office equipment.

AGS is a leading provider of transportation services, logistics services, and supply chain management solutions worldwide. It has locations in over 125+ U.S. cities and 196 countries worldwide.

For more information on AGS' full menu of services, visit us online athttp://www.agsystems.com.


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TUCKER DOES INTERVIEW ON "BIG TRUCK TV"

Posted By Administration, Tuesday, May 21, 2013
Updated: Monday, August 26, 2013

Contact:

Jeff Tucker, CEO; mailto:jefft@tuckerco.com; 856-317-9600 ext. 122; mobile: 856-498-5361


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Cherry Hill, NJ USA, May 21, 2013 - On April 11, 2013, Jeff Tucker sat with the producers of "Big Truck TV" to discuss carrier selection, the Federal Motor Carrier Safety Administration's public policy vs. conflicting agenda tug-of-war, and the new 2013 Carrier Selection Framework co-authored by Tucker as chair of TIA's Carrier Selection Framework Committee. The interview will appear on its video blog, http://www.bigtrucktv.com in a future segment.

Tucker Company Worldwide, Inc. is America's oldest privately held operating freight broker and is based in Cherry Hill, NJ. Tucker specializes in arranging shipments of high value, high security, climate controlled and otherwise sensitive materials for some of the world's best known brands. Tucker is active in its trade association and serves on a select committee reviewing motor carrier safety for the U. S. Department of Transportation. Tucker has been a first responder supporting the government with trucking of relief supplies for most of the nation's natural and man-made disasters in the last 30 years.

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XPO Logistics Announces First Quarter 2013 Results

Posted By Administration, Tuesday, May 7, 2013
Updated: Monday, August 26, 2013

Contact:

Investor Contact:

XPO Logistics, Inc.
Michelle Muniz, +1-203-930-1459
michelle.muniz@xpologistics.com

Media Contact:
Brunswick Group
Steve Lipin / Gemma Hart, +1-212-333-3810

Acquires Interide Logistics Reaffirms Full Year Financial Outlook

 

GREENWICH, Conn. — May 7, 2013 — XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the first quarter of 2013.


Total revenue was $114.0 million for the first quarter, a 155.8% increase from the same period of the prior year. Gross margin dollars increased 140.0% year-over-year to $16.3 million, and gross margin percentage was 14.3%.

Consistent with the company's previously announced strategy, investments in long-term growth impacted results. The company reported a net loss of $14.5 million for the quarter, compared with a net loss of $2.7 million for the same period of the prior year. The first quarter net loss available to common shareholders was $15.3 million, or a loss of $0.85 per diluted share, compared with a net loss available to common shareholders of $3.4 million, or a loss of $0.36 per diluted share, for the same period of 2012.

Earnings (loss) before interest, taxes, depreciation and amortization ("EBITDA"), a non-GAAP financial measure, was a loss of $9.8 million for the first quarter of 2013, compared with a loss of $3.9 million for the same period of the prior year. EBITDA includes $1.1 million and $1.0 million of non-cash share-based compensation for the first quarters of 2013 and 2012, respectively. A reconciliation of EBITDA to net income is provided in the attached financial tables.

The company had $206.2 million of cash as of March 31, 2013.
Acquires Interide Logistics

On May 6, 2013, the company acquired substantially all of the operating assets of Interide Logistics LC, a freight brokerage business with trailing 12 months revenue of approximately $28 million as of March 31, 2013. The purchase price was $3.1 million in cash and $600,000 in XPO common stock, with no assumption of debt. The acquisition is expected to be immediately accretive to earnings.

Interide Logistics serves a diversified mix of approximately 900 customers from its locations in Salt Lake City, Utah; Minneapolis-Saint Paul, Minn.; and Louisville, Ky. The operations will continue to be led by industry veteran Sean Snow, who will scale up the locations and grow Salt Lake City into a mega-branch. Snow is the former president of England Logistics, a C.R. England subsidiary that he grew to approximately $300 million in revenue before taking control of Interide in 2009.

Reaffirms Full Year 2013 Financial Outlook
The company has reaffirmed its full year outlook for an annual revenue run rate of more than $1 billion as of December 31, including at least $300 million of acquired historical annual revenue, and positive EBITDA for the fourth quarter of 2013.

CEO Comments
Bradley Jacobs, chairman and chief executive officer, said, "In the first quarter, we delivered a 156% increase in revenue year-over-year, and 140% more gross margin dollars. The impact of our cold-starts, sales force expansion and acquisitions – including two transactions in February – drove March revenue to a record high of $44 million. We reached a milestone of 1,000 employees in the quarter, and we plan to increase that number to 1,600 by year-end.

"Our strategy is creating momentum in the second quarter as well. This week, we acquired Interide Logistics, a well-respected brokerage business run by transportation veteran Sean Snow. Sean has a strong industry track record, and he's excited about growing the Salt Lake City operation into an XPO mega-branch. Our eight freight brokerage cold-starts are progressing well – as of March, they had a combined annual revenue run rate of approximately $78 million. We opened a freight forwarding cold-start in Orlando this month. And we see huge potential in our new strategic accounts team led by Jeff Battle, a former Turbo Logistics executive with nearly two decades of industry experience."
Jacobs continued, "We remain solidly on track to build XPO into a multi-billion dollar company over the next few years. We've reaffirmed our 2013 outlook for an annual revenue run rate of more than a billion dollars by year-end, including $300 million of acquired revenue. We also expect to achieve positive EBITDA in the fourth quarter, while continuing to make the strategic investments that will drive exceptional returns over time."
First Quarter 2013 Results by Business Unit

• Freight brokerage: The company's freight brokerage business generated total revenue of $78.2 million for the quarter, an 886.8% increase from the same period of the prior year. Year-over-year revenue growth was primarily due to the acquisitions of Turbo Logistics, Kelron Logistics, Continental Freight Services and BirdDog Logistics in 2012 and Covered Logistics on February 26, 2013, as well as revenue growth from the company's eight brokerage cold-start locations. Gross margin percentage for the freight brokerage business was 12.9% for the quarter, compared with 13.0% for the same period in 2012. The first quarter operating loss was $3.8 million, compared with an operating loss of $86,000 a year ago. The increase in 2013 operating loss primarily reflects an increase in SG&A costs for sales force expansion, technology development and training.

• Expedited transportation: The company's expedited services business generated total revenue of $23.9 million for the quarter, a 6.5% increase from the same period of the prior year. Revenue growth was driven by the acquisition of East Coast Air Charter on February 8, 2013. Gross margin percentage was 15.9% for the quarter, compared with 18.6% for the same period in 2012. The decrease in gross margin percentage primarily reflects a softer expedited freight environment. First quarter operating income was $753,000, compared with $1.8 million a year ago, primarily reflecting the decrease in gross margin and an increase in the number of sales and service personnel.

• Freight forwarding: The company's freight forwarding business generated total revenue of $16.2 million for the quarter, a 5.0% increase from the same period of the prior year. Gross margin percentage was 14.7% for the quarter, compared with 10.3% for the same period in 2012. The increase in gross margin percentage was primarily driven by company-owned conversions from independently-owned stations, and cold-starts. First quarter operating income was $372,000, a 54% increase year-over-year. The increase in operating income reflects a higher gross margin partially offset by the SG&A cost of new company-owned locations in Chicago, Houston, Los Angeles, Minneapolis, Charlotte, Atlanta and Montreal.

• Corporate: Corporate SG&A expense for the first quarter of 2013 increased by $2.5 million to $8.7 million, compared with $6.2 million for the first quarter of 2012. The increase was primarily driven by added headcount in corporate shared services and a higher expenditure on purchased services. Corporate SG&A expense for the first quarter of 2013 included $1.1 million of non-cash share based compensation, $1.1 million of litigation-related costs, and $300,000 of acquisition-related transaction costs.

Conference Call
The company will hold a conference call on Wednesday, May 8, 2013, at 8:30 a.m. Eastern Time. Participants can call toll-free (from U.S./Canada) 1-888-895-5271; international callers dial +1-847-619-6547. A live webcast of the conference will be available on the investor relations area of the company's website,http://www.xpologistics.com/investors.>http://www.xpologistics.com/investors. The conference will be archived until June 7, 2013. To access the replay by phone, call toll-free (from U.S./Canada) 1-888-843-7419; international callers dial +1-630-652-3042. Use participant passcode 34686844.

About XPO Logistics, Inc.
XPO Logistics, Inc. (NYSE: XPO) is one of the fastest growing providers of transportation and logistics services in North America. The company's three business units – freight brokerage, expedited transportation and freight forwarding – use relationships with more than 22,000 ground, sea and air carriers to serve over 8,500 customers in the manufacturing, industrial, retail, commercial, life sciences and government sectors. XPO is built to deliver constant growth in truck capacity, passionate service and technological innovation through 62 locations in the United States and Canada.http://www.xpologistics.com

Non-GAAP Financial Measures
This press release contains certain non-GAAP financial measures as defined under Securities and Exchange Commission ("SEC") rules, such as earnings (loss) before interest, taxes, depreciation and amortization ("EBITDA") for the quarters ended March 31, 2013, and March 31, 2012. As required by SEC rules, we provide reconciliations of these measures to the most directly comparable measure under United States generally accepted accounting principles ("GAAP"), which are set forth in the attachments to this release. We believe that EBITDA improves comparability from period to period by removing the impact of our capital structure (interest expense from our outstanding debt), asset base (depreciation and amortization) and tax consequences. In addition to its use by management, we believe that EBITDA is a measure widely used by securities analysts, investors and others to evaluate the financial performance of companies in our industry. Other companies may calculate EBITDA differently, and therefore our EBITDA may not be comparable to similarly titled measures of other companies. EBITDA is not a measure of financial performance or liquidity under GAAP and should not be considered in isolation or as an alternative to net income, cash flows from operating activities and other measures determined in accordance with GAAP. Items excluded from EBITDA are significant and necessary components of the operations of our business, and, therefore, EBITDA should only be used as a supplemental measure of our operating performance.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, our 2013 outlook with respect to annual revenue, acquisitions, fourth quarter 2013 EBITDA and the number of personnel we expect to add during 2013. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include, but are not limited to, those discussed in our filings with the SEC and the following: economic conditions generally; competition; our ability to find suitable acquisition candidates and execute our acquisition strategy; our ability to raise capital; our ability to attract and retain key employees to execute our growth strategy; our ability to develop and implement a suitable information technology system; our ability to maintain positive relationships with our network of third-party transportation providers; litigation; and governmental regulation. All forward-looking statements set forth in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this press release speak only as of the date hereof and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, including our 2013 outlook.

Note: Totals are as of period end, and primarily include the positions of shipper sales, carrier procurement and brokerage operations, and reflect the impact of recruitment and acquisitions.

Note: Total depreciation and amortization for the Expedited Transportation operating segment included in both direct expense and SG&A, was $268 and $137 for the three-months ended March 31, 2013 and 2012, respectively.

Note: Intercompany eliminations included revenue of $4.3 million and $1.2 million for the three-months ended March 31, 2013 and 2012, respectively.

Note: Please refer to the "Non-GAAP Financial Measures" section of the press release.

Note: For dilution purposes, GAAP requires diluted shares to be reflected on a weighted average basis, which takes into account the portion of the period in which the diluted shares were outstanding. The table above reflects the weighted average diluted shares for the periods presented. The impact of this dilution was not reflected in the earnings per share calculations on the Condensed Consolidated Statements of Operations because the impact was anti-dilutive. The treasury method was used to determine the shares underlying the warrants to purchase common stock with an average closing market price of common stock of $17.15 per share and $14.14 per share for the three months ended March 31, 2013 and 2012, respectively.

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FreightCenter.com Awards Carrier of the Year Honors

Posted By Administration, Thursday, May 2, 2013
Updated: Monday, August 26, 2013
For more information contact:
Terese Kerrigan
Director of Marketing
Phone: 727-450-7835
Twitter:@FreightCenter
Facebook: Facebook.com/MyFreightCenter

LinkedIn:http://www.linkedin.com/company/freightcenter

 

Leading carriers are recognized for transportation excellence by third-party logistics provider

 

TAMPA, Fla (May 2, 2013) — FreightCenter.com, a third-party logistics company and freight technology provider, has recognized three transportation partners as Carriers of the Year.

"We are fortunate to establish strong partnerships with outstanding carriers,” said James Brosious, founder of FreightCenter.com. "A number of considerations were made when determining the award recipients, such as operational excellence, on-time service, low claim ratios and customer feedback.”

Nearly 70 percent of all FreightCenter.com accounts require expert business-to-business freight transportation, and the majority of these customers recommend the following carriers for services provided in 2012:
National Carrier of the Year: R+L Carriers
Regional Carrier of the Year: Southeastern Freight Lines
Platinum Partner: YRC Freight

"Based on a high volume of quotes and shipments, it is evident that R+L Carriers, Southeastern Freight Lines and YRC Freight are our customers’ carriers of choice. These companies provide superior service and consistently exceed the needs of shippers,” said Brosious. "We assist shippers in finding the best value on shipping, and our Carriers of the Year are a top choice for quality freight transportation.”

The National Carrier of the Year award is presented to a carrier that provides coast-to-coast service, while the Regional Carrier of the Year award names a carrier that focuses on transportation within a specific geographic area of the United States. The Platinum Partner award acknowledges a carrier that has achieved growth and success through a commitment to partnership and service.

Methodology
FreightCenter.com’s Carrier of the Year annual award honorees were chosen from among more than 40 of its partner carriers. Carrier selection was made through an analysis of quantitative and qualitative factors such as the total number of completed shipments, number of processed quotes, percentage of claims-free shipments and overall customer and agent feedback. A ‘best value’ service was defined by the greatest combination of price, equipment, transit time and service.

About FreightCenter.com

Based out of the Tampa Bay area since 1998, FreightCenter.com is a third-party logistics (3PL) company developing Web-based technology that simplifies the process of obtaining freight quotes and services. FreightCenter.com offers instant carrier rate quotes and services for LTL, truckload, international, specialized and intermodal transportation. FreightCenter.com has been consecutively named to the Inc. 5000 List for fastest-growing private companies, and is a Florida company to watch for its economic growth and development. For 15 years, FreightCenter.com has worked in partnership with asset-based carriers to ship more than a million shipments throughout the United States, Canada and beyond. Visithttp://www.FreightCenter.comto learn more.


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AGS Now Provides Importers with Integrated Solutions for Sourcing Products from Overseas with Import Purchase Order Management

Posted By Administration, Wednesday, May 1, 2013
Updated: Monday, August 26, 2013

Contact:

Bernard Quandt, Director

Phone: 516]627]8910

bernard.quandt@agsystems.com

 

New Hyde Park, NY (May 1, 2013) Sourcing products from overseas vendors involves many

operational processes performed by many different parties, including the shipper, consignee,
forwarders, customs brokers, air and ocean carriers and others. The interaction and interrelation of the process makes the entire supply chain complicated, especially when many of the parties are on the other side of the globe.

AGS has years of experience in providing importers with integrated solutions that resolve these issues and provide a high level of control and visibility to the import supply chain. gOur programs are highly personalized to specific customer requirements, developed by a joint AGS and customer design effort, with the goal of improving the customers overall business performanceh, says Bernard Quandt, Director of International Sales at AGS.

Some of the new AGS Import Purchasing Order Management program highlights include the
assignment of a development team to work with the customer, providing door]to]door
transportation from overseas vendors to the end customer in the U.S., long standing relationships with dozens of air and ocean carriers to provide reliable and cost competitive service and domestic transportation services from any U.S. gateway including air freight or small package, expedited ground and truck load.

AGS also provides comprehensive brokerage service to clear your import shipments through
customs and the ability to provide customers with complete visibility of all incoming shipments by purchase order, sales number or other customer reference.

The program is an end]to]end solution with AGS managing the entire supply chain process!
Founded in 1958, AGS provides a full range of transportation, logistics and supply chain
management services worldwide. It has 125+ offices in North America and provides air, ocean and ground services to, from and within 196 countries.

For more information on AGSf full menu of services, visit us online athttp://www.agsystems.comor
email us for a quote atintl.rates@agsystems.com.

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