News / XPO Logistics eyes new acquisition following strong Q1 result – while robots roam the facilities

first_img“In terms of CapEx intensity, the vast majority of the ones that we’re looking at are asset light. There’s a small number of the ones we’re looking at, that have higher CapEx as a percentage of revenue than we do. It’s not our first choice. We keep an open mind to that at the right price.“Something that would be more asset-intensive would have to be a very, very compelling price. But I don’t want to signal to you that we’re likely to do something asset heavy because we’re not. But if we were, it would have to be something that was extremely, extremely accretive,” he said.XPO issued another set of strong quarterly results yesterday, posting revenues of $4.19bn, a growth of 18.4% year-on-year, and an adjusted EBITDA of $330.2m for the quarter, compared with $290m in the same period in 2017.XPO’s transportation division posted revenue of $2.77bn for the quarter, a 16% increase from the same period in 2017, and its adjusted EBITDA was $265.6m, a growth of 13.6%, largely as a result of the growth in North American freight brokerage and European dedicated truckload volumes.Its logistics division posted a revenue of $1.45bn for the quarter, up 23.2% increase from the same period in 2017, and adjusted EBITDA was up 28.2% year-on-year to $111.9m.It said the increase in revenue was “led by strong global demand for e-commerce contract logistics, as well as gains from the industrial sector in North America and the fashion sector in Europe, particularly in the UK, Netherlands, Spain and Italy”.And the quarter also saw XPO unveil a series of new breakthrough technologies, Mr Jacobs added.“We’re making disciplined investments in innovation and sales to propel long-term growth. We recently introduced our digital freight marketplace, smart warehouse platform and voice integration for consumer self-service.“In April, we announced XPO Direct, a shared-space distribution network of warehouses and last mile hubs that gives customers flexible capacity.“But my personal favourite is C3 XPO [a name coined in homage to the Star Wars character], which is our autonomous security robot.“It moves around the parking lots, around our facilities, monitors them 24/7, it does all kinds of cool stuff where it compares the license plates in the parking lot to a master-approved list; it scans vehicles with thermal imaging sensors; and it detects a vehicle that’s got a warm engine where other cars may be cold.“If it finds something suspicious, the robot can do alarms, both visual and audible.“We test piloted this in Atlanta last year and reduced the money that we pay third-party human security firms by a significant amount, and now we’re expanding it out throughout the organisation,” he said. By Gavin van Marle 04/05/2018 XPO Logistics could agree its next acquisition as early as this month, chief executive Bradley Jacobs told The Loadstar in the aftermath of delivering record quarterly results yesterday.“The timeline for agreeing our next acquisition is between three weeks and nine months,” he said.In a later call with financial analysts, Mr Jacobs explained that XPO’s main criteria for takeover targets was firms with similar business lines that are mostly asset-light with relatively low CapEx requirements, although he added that that didn’t rule out the acquisition of logistics operators with larger asset investment requirements.“Any acquisition that we do will be both strategically compelling to our customers and highly accretive to our earnings, to our EBITDA per share. That is sacrosanct in our philosophy. There’s no conflict on that.last_img read more

London’s Mamma Mia! to Welcome Tour Stars

first_imgSara Poyzer as Donna in ‘Mamma Mia!'(Photo: Brinkhoff & M+Âgenburg) The West End production of Mamma Mia has announced new casting. Fresh from playing Donna Sheridan in the first-ever U.K. tour of the hit musical Sara Poyzer will play the role at London’s Novello Theatre beginning June 12, along with fellow touring Dynamos, Kate Graham as Tanya and Jacqueline Braun as Rosie.Also on June 12, Georgina Castle will move from the ensemble to the role of Sophie Sheridan. She will be joined by Christopher Jordan-Marshall, making his West End debut as Sky. Additional new cast members will include Bobbie Little as Ali, Harriet Bunton as Lisa, Damian Buhagiar as Pepper and Nye Rees as Eddie, with Caroline Deverill playing the role of Donna Sheridan at certain performances. They will be joining Richard Trinder, who plays Sam, Alasdair Harvey who plays Harry and Dugald Bruce-Lockhart who plays Bill.With music and lyrics by Benny Andersson and Björn Ulvaeus, Mamma Mia! is written by Catherine Johnson, directed by Phyllida Lloyd and choreographed by Anthony Van Laast. The production is designed by Mark Thompson, with lighting design by Howard Harrison, sound design by Andrew Bruce & Bobby Aitken, and musical supervision, additional material and arrangements by Martin Koch.Mamma Mia! concluded an almost-14-year Broadway run on September 12, 2015. View Commentslast_img read more

Montserrat to elect new government on November 18

first_img Premier Romeo to contest elections as independent candidate Nov 20, 2019 BRADES, Montserrat, Oct 7, CMC – Premier Donaldson Romeo has announced Monday, November 18 as the date for fresh general elections in Montserrat. Speaking on a radio programme here, Romeo said that he has met with the Acting Governor Mrs Lyndell Simpson, to inform her of his decision and to officially have parliament dissolved. Romeo is expected to lead his ruling People’s Democratic Movement (PDM) into the election where it will face a challenge from the Montserrat United Labour Party (MUL), The Movement for Change & Prosperity (MCAP), Montserrat National Congress (MNC) as well as a number of independent candidates who have announced their intentions to contest the elections. Oct 9, 2019 The Legislative Assembly has eleven members, of which nine are elected. The other two seats are taken by the Attorney General and the Financial Secretary. The British Overseas Territory is a single nine-member constituency, with voters able to vote for up to nine candidates on their ballot paper. (More to follow) Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… Oct 25, 2019 Montserrat Premier replaced as leader of ruling party ahead of general elections(CMC) BRADES, Montserrat, Oct 9 – Less than 48 hours after he announced that voters would go to the polls on November 18 to elect a new government in Montserrat, Premier Donaldson Romeo has been replaced as the leader of the incumbent People’s Democratic Movement (PDM). Romeo, in a radio…October 9, 2019In “Latest News”Premier Romeo to contest elections as independent candidateBRADES, Montserrat, Oct 25, CMC – Insisting that “my mission is not over,” Premier Donaldson Romeo has announced that he would be contesting the November 18 general elections as an independent candidate. Romeo, 57, who led the ruling People’s Democratic Movement (PDM), was ousted as its leader earlier this month,…October 25, 2019In “Latest News”CARICOM SG Congratulates Montserrat’s new Premier; offers the Community’s supportCARICOM Secretary-General Ambassador Irwin LaRocque has extended warm congratulations to the new Premier of Montserrat, Hon Easton Taylor-Farrell and his party, the Movement for Change and Prosperity (MCAP) on their success at the island’s elections on 18 November, and Mr Taylor-Farrell’s subsequent assumption of the Premiership. “Montserrat is an integral…November 25, 2019In “CARICOM”Share this on WhatsAppcenter_img You may be interested in… Montserrat Premier replaced as leader of ruling party ahead… Nov 25, 2019 CARICOM SG Congratulates Montserrat’s new Premier; offers… Victory Speech by Montserrat’s new Premier last_img read more