Bradley Jacobs, CEO of XPO Logistics Inc (XPO), says the company is on track to exceed its 2017 targets much earlier than expected as a result of its recent acquisition of Norbert Dentressangle. He says the acquisition increased XPO’s EBITDA run rate to about $585 million of EBITDA on over $9 billion of revenue.
“So we’re going to exceed our 2017 targets two years early,” he says. “And we’ll set new long-term targets in August at earnings.”
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Jacobs says the acquisition has given XPO a much bigger engine for value creation going forward. He says Norbert’s service offerings mirror XPO’s, and the two companies have complementary geographies.
“So we can service our large multinational customers in global markets, and we can leverage our scale in our two primary operating regions: North America and Europe,” Jacobs says.
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