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Reportable Segments
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Reportable Segments

12. Reportable Segments

The Company has three reportable segments as described in Note 1 of the unaudited condensed consolidated financial statements.

Corporate charges include the costs of the Company’s executive and shared service teams, professional services such as legal and consulting, board of directors, and certain other corporate costs associated with operating as a public company. The Company allocates charges to the reportable segments for IT services, depreciation of IT fixed assets as well as centralized recruiting and training resources.

 

The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on operating income of the respective business segments. The following schedule identifies select financial data for each of the Company’s operating segments for the three- and six-month periods ended June 30, 2013 and 2012, respectively (in thousands):

XPO Logistics, Inc.

Segment Data

(Unaudited)

(In thousands)

 

     Freight
Brokerage		     Expedited
Transportation		      Freight
Forwarding		      Corporate     Eliminations     Total  

Three Months Ended June 30, 2013

               

Revenue

    $ 95,360      $ 26,445       $ 19,338       $ —        $ (4,052 )    $ 137,091   

Operating income (loss) from operations

      (4,990 )      1,187         478         (10,690 )      —          (14,015 ) 

Depreciation and amortization

      1,180        291         93         231        —          1,795   

Interest expense

      3        2         —           3,101        —          3,106   

Tax provision (benefit)

      —          2         —           72        —          74   

Goodwill

      49,145        11,560         9,222         —          —          69,927   

Total assets

      208,408        63,303         31,088         422,672        (330,992 )      394,479   

Three Months Ended June 30, 2012

               

Revenue

    $ 13,877      $ 25,731       $ 16,468       $ —        $ (1,536 )    $ 54,540   

Operating income (loss) from operations

      (825 )      2,634         218         (5,395 )      —          (3,368 ) 

Depreciation and amortization

      76        129         145         73        —          423   

Interest expense (income)

      —          1         1         1        —          3   

Tax (benefit) provision

      —          —           —           1,780        —          1,780   

Goodwill

      2,125        7,737         9,222         —          —          19,084   

Total assets

      12,899        28,953         22,920         237,335        (41,376 )      260,731   

Six Months Ended June 30, 2013

               

Revenue

    $ 173,590      $ 50,320       $ 35,571       $ —        $ (8,391 )    $ 251,090   

Operating income (loss) from operations

      (8,810 )      1,940         850         (19,362 )      —          (25,382 ) 

Depreciation and amortization

      2,194        559         181         415        —          3,349   

Interest expense

      5        4         —           6,161        —          6,170   

Tax provision (benefit)

      41        2         —           253        —          296   

Goodwill

      49,145        11,560         9,222         —          —          69,927   

Total assets

      208,408        63,303         31,088         422,672        (330,992 )      394,479   

Six Months Ended June 30, 2012

               

Revenue

    $ 21,805      $ 48,151       $ 31,925       $ —        $ (2,781 )    $ 99,100   

Operating income (loss) from operations

      (911 )      4,422         459         (11,562 )      —          (7,592 ) 

Depreciation and amortization

      96        266         289         90        —          741   

Interest expense

      1        2         —           12        —          15   

Tax provision (benefit)

      —          —           —           259        —          259   

Goodwill

      2,125        7,737         9,222         —          —          19,084   

Total assets

      12,899        28,953         22,920         237,335        (41,376 )      260,731