Contact:

Karen A. Boyle

InTandem
[email protected]
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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Contact:

Jeff Tucker, CEO

mailto:[email protected]
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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Contact:

Anthony Vella, Director

Phone: 516-627-8910

[email protected]

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.

# # #

Contact:

Investor Contact:

XPO Logistics, Inc.
Michelle Muniz, +1-203-930-1459
[email protected]

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.

Contact:

Bernard Quandt, Director

Phone: 516]627]8910

[email protected]

 

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 at[email protected].