XPO Reports 2Q Loss, Buys Ontario Logistics Firm

XPO Logistics reported aÌýsecond-quarterÌýlossÌýandÌýsaid it hadÌýacquired Canada-based Kelron Logistics for $8 million.Ìý

XPO lostÌý$5.2 million, or 34 cents per share, compared with net incomeÌýof $914,000, or 11 cents, a year ago.

Revenue increased 23.7% to $54.5 million from the same period last year.

Mississauga, Ontario-based Kelron Logistics generatedÌýabout $100 million in the 12 months ended June 30,ÌýXPO said.

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