XPO Logistics (XPO) 8-K Xpo Revenues Increase by 81% In Second Quarter

Exhibit 99.1

Contact:
Express-1 Expedited Solutions, Inc.
Mike Welch
269-429-9761
Mike.Welch@xpocorporate.com

XPO REVENUES INCREASE BY 81% IN SECOND QUARTER

SAINT JOSEPH, Mich. — August 11, 2010 — Express-1 Expedited Solutions, Inc. (XPO) today reported its earnings for the second quarter ended June 30, 2010.

For the quarter, revenue from continuing operations increased by 81% to $40.3 million compared to $22.2 million in the second quarter of 2009. Additionally, year over year revenues increased by 70.1% to $72.0 million compared to $42.3 million in the initial six months of 2009.

For the quarter, net income improved by $1.2 million to $1.5 million, or $.05 per fully diluted share compared to income of $288,000 in the second quarter of 2009. Year to date net income improved by $2.0 million to $2.3 million or $.07 per fully diluted share compared to net income of $293,000 in the comparable period in 2009.

“I am extremely pleased with our second quarter results. This is a great accomplishment for our team who has been instrumental in delivering quality solutions to our customers. Obviously, we are very excited about the remainder of the year and look forward to a strong finish in the second half of 2010.” commented Mike Welch, the Company’s CEO.

“I continue to be impressed with Mike and his team’s ability to thrive in this economic environment, and produce these outstanding results,” stated James Martell, Chairman of XPO.

Investor Conference Call

Management will conduct a conference call on Thursday, August 12, 2010 at 10:00 a.m. EDT to discuss the Company’s second quarter financial results. Those wishing to take part in the live teleconference call can dial 877-407-0782 with international participants dialing 201-689-8567. A playback will be available until midnight on August 19, 2010. To listen to the playback, please call 877-660-6853. Use account number 286 and conference ID number 355058. Those interested in accessing a live or archived Webcast of the call should visithttp://www.investorcalendar.com under Express-1 Expedited Solutions, Inc.

About Express-1 Expedited Solutions, Inc.

Express-1 Expedited Solutions, Inc. is a non-asset based services organization focused on premium transportation through its business units, Express-1, Inc. (Buchanan, Michigan), Concert Group Logistics, Inc. (CGL) (Downers Grove, Illinois), and Bounce Logistics, Inc. (South Bend, Indiana). These business units are focused on premium services that include same-day, time-sensitive transportation and domestic and international freight forwarding. Serving

more than 4,000 customers, the Company’s premium transportation offerings are provided through one of five operations centers; Buchanan, Michigan; South Bend, Indiana; Downers Grove, Illinois; Rochester Hills, Michigan and Tampa, Florida. Express-1 Expedited Solutions, Inc. is publicly traded on the NYSE AMEX Equities Exchange under the symbol XPO. For more information about the Company, visitwww.xpocorporate.com

Forward-Looking Statements

This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management’s current expectations or beliefs, as well as assumptions made by and information currently available to management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance are subject to risks. These risks include: the acquisition of businesses or the launch of new lines of business could increase operating expenses and dilute operating margins; increased competition could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with customers, whether due to competition or other factors; the inability to comply with regulatory requirements governing our business operations; and to the general risks associated with our businesses.

In addition to the risks and uncertainties discussed above, you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

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Express-1 Expedited Solutions, Inc.
Consolidated Balance Sheets

	(Unaudited)
	June 30, 2010			December 31, 2009
ASSETS
Current assets:
Cash	$	280,000		$	495,000
Accounts receivable, net of allowances of $225,000 and $225,000, respectively		23,314,000			17,569,000
Prepaid expenses		472,000			158,000
Deferred tax asset, current		129,000			353,000
Other current assets		459,000			459,000
Total current assets		24,654,000			19,034,000
Property and equipment, net of $2,956,000 and $2,651,000 in accumulated depreciation, respectively		2,642,000			2,797,000
Goodwill		16,959,000			16,959,000
Identifiable intangible assets, net of $2,512,000 and $2,198,000 in accumulated amortization, respectively		8,861,000			9,175,000
Loans and advances		173,000			30,000
Other long-term assets		820,000			1,044,000
Total long term assets		29,455,000			30,005,000
Total assets	$	54,109,000		$	49,039,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	8,874,000		$	6,769,000
Accrued salaries and wages		869,000			310,000
Accrued expenses, other		3,590,000			2,272,000
Line of credit		—			6,530,000
Current maturities of notes payable and capital leases		1,674,000			1,215,000
Other current liabilities		473,000			968,000
Total current liabilities		15,480,000			18,064,000
Line of credit		2,089,000			—
Notes payable and capital leases, net of current maturities		2,929,000			213,000
Deferred tax liability, long-term		1,559,000			1,156,000
Other long-term liabilities		808,000			1,202,000
Total long-term liabilities		7,385,000			2,571,000
Stockholders’ equity:
Preferred stock, $.001 par value; 10,000,000 shares; no shares issued or outstanding		—			—
Common stock, $.001 par value; 100,000,000 shares authorized; 32,541,884 and 32,215,218 shares issued, respectively; and 32,361,884 and 32,035,218 shares outstanding, respectively		33,000			32,000
Additional paid-in capital		26,989,000			26,488,000
Treasury stock, at cost, 180,000 shares held		(107,000	)		(107,000	)
Accumulated earnings		4,329,000			1,991,000
Total stockholders’ equity		31,244,000			28,404,000
Total liabilities and stockholders’ equity	$	54,109,000		$	49,039,000

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Express-1 Expedited Solutions, Inc.
Consolidated Statements of Operations
(Unaudited)

	Three Months Ended					Six Months Ended
	June 30, 2010		June 30, 2009			June 30, 2010		June 30, 2009
Revenues
Operating revenue	$	40,340,000	$	22,243,000		$	71,982,000	$	42,315,000
Expenses
Direct expense		33,101,000		18,606,000			59,144,000		35,462,000
Gross margin		7,239,000		3,637,000			12,838,000		6,853,000
Sales general and administrative expense		4,598,000		3,006,000			8,673,000		6,249,000
Operating income from continuing operations		2,641,000		631,000			4,165,000		604,000
Other expense		34,000		19,000			54,000		9,000
Interest expense		88,000		26,000			108,000		48,000
Income from continuing operations before income tax		2,519,000		586,000			4,003,000		547,000
Income tax provision		1,015,000		273,000			1,665,000		259,000
Income from continuing operations		1,504,000		313,000			2,338,000		288,000
Income (loss) from discontinued operations, net of tax		—		(25,000	)		—		5,000
Net income	$	1,504,000	$	288,000		$	2,338,000	$	293,000
Basic income per share
Income from continuing operations	$	0.05	$	0.01		$	0.07	$	0.01
Income from discontinued operations		—		—			—		—
Net income		0.05		0.01			0.07		0.01
Diluted income per share
Income from continuing operations		0.05		0.01			0.07		0.01
Income from discontinued operations		—		—			—		—
Net income	$	0.05	$	0.01		$	0.07	$	0.01
Weighted average common shares outstanding
Basic weighted average common shares outstanding		32,044,116		32,035,218			32,039,706		32,035,218
Diluted weighted average common shares outstanding		32,645,399		32,147,648			32,602,367		32,139,842

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Express-1 Expedited Solutions, Inc.
Summary Financial Table
For the Three Months Ended June 30,
(Unaudited)

													Percent of
	Quarter to Date						Quarter to Quarter Change						Business Unit Revenue
	2010			2009			In Dollars			In Percentage			2010			2009
Revenues
Express-1	$	20,557,000		$	10,090,000		$	10,467,000			103.7	%		51.0	%		45.4	%
Concert Group Logistics		16,074,000			10,155,000			5,919,000			58.3	%		39.8	%		45.7	%
Bounce Logistics		4,675,000			2,232,000			2,443,000			109.5	%		11.6	%		10.0	%
Intercompany eliminations		(966,000	)		(234,000	)		(732,000	)		-312.8	%		-2.4	%		-1.1	%
Total revenues		40,340,000			22,243,000			18,097,000			81.4	%		100.0	%		100.0	%
Direct expenses
Express-1		15,720,000			7,793,000			7,927,000			101.7	%		76.5	%		77.2	%
Concert Group Logistics		14,426,000			9,174,000			5,252,000			57.2	%		89.7	%		90.3	%
Bounce Logistics		3,921,000			1,873,000			2,048,000			109.3	%		83.9	%		83.9	%
Intercompany eliminations		(966,000	)		(234,000	)		(732,000	)		-312.8	%		100.0	%		100.0	%
Total direct expenses		33,101,000			18,606,000			14,495,000			77.9	%		82.1	%		83.6	%
Gross margin
Express-1		4,837,000			2,297,000			2,540,000			110.6	%		23.5	%		22.8	%
Concert Group Logistics		1,648,000			981,000			667,000			68.0	%		10.3	%		9.7	%
Bounce Logistics		754,000			359,000			395,000			110.0	%		16.1	%		16.1	%
Total gross margin		7,239,000			3,637,000			3,602,000			99.0	%		17.9	%		16.4	%
Selling, general & administrative
Express-1		2,355,000			1,600,000			755,000			47.2	%		11.5	%		15.9	%
Concert Group Logistics		1,093,000			630,000			463,000			73.5	%		6.8	%		6.2	%
Bounce Logistics		613,000			273,000			340,000			124.5	%		13.1	%		12.2	%
Corporate		537,000			503,000			34,000			6.8	%		1.3	%		2.3	%
Total selling, general & administrative		4,598,000			3,006,000			1,592,000			53.0	%		11.4	%		13.5	%
Operating income from continuing operations
Express-1		2,482,000			697,000			1,785,000			256.1	%		12.1	%		6.9	%
Concert Group Logistics		555,000			351,000			204,000			58.1	%		3.5	%		3.5	%
Bounce Logistics		141,000			86,000			55,000			64.0	%		3.0	%		3.9	%
Corporate		(537,000	)		(503,000	)		(34,000	)		-6.8	%		-1.3	%		-2.3	%
Operating income from continuing operations		2,641,000			631,000			2,010,000			318.5	%		6.5	%		2.8	%
Interest expense		88,000			26,000			62,000			238.5	%		0.2	%		0.1	%
Other expense		34,000			19,000			15,000			78.9	%		0.1	%		0.1	%
Income from continuing operations before tax		2,519,000			586,000			1,933,000			329.9	%		6.2	%		2.6	%
Tax provision		1,015,000			273,000			742,000			-271.8	%		2.5	%		1.2	%
Income from continuing operations		1,504,000			313,000			1,191,000			-380.5	%		3.7	%		1.4	%
Loss from discontinued operations, net of tax		—			(25,000	)		25,000			-100.0	%		0.0	%		-0.1	%
Net income	$	1,504,000		$	288,000		$	1,216,000			422.2	%		3.7	%		1.3	%

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Express-1 Expedited Solutions, Inc.
Summary Financial Table
For the Six Months Ended June 30,
(Unaudited)

													Percent of
	Year to Date						Year to Year Change						Business Unit Revenue
	2010			2009			In Dollars			In Percentage			2010			2009
Revenues
Express-1	$	36,769,000		$	18,978,000		$	17,791,000			93.7	%		51.1	%		44.8	%
Concert Group Logistics		29,012,000			19,794,000			9,218,000			46.6	%		40.3	%		46.8	%
Bounce Logistics		7,798,000			4,012,000			3,786,000			94.4	%		10.8	%		9.5	%
Intercompany eliminations		(1,597,000	)		(469,000	)		(1,128,000	)		-240.5	%		-2.2	%		-1.1	%
Total revenues		71,982,000			42,315,000			29,667,000			70.1	%		100.0	%		100.0	%
Direct expenses
Express-1		28,262,000			14,669,000			13,593,000			92.7	%		76.9	%		77.3	%
Concert Group Logistics		25,954,000			17,926,000			8,028,000			44.8	%		89.5	%		90.6	%
Bounce Logistics		6,525,000			3,336,000			3,189,000			95.6	%		83.7	%		83.2	%
Intercompany eliminations		(1,597,000	)		(469,000	)		(1,128,000	)		-240.5	%		100.0	%		100.0	%
Total direct expenses		59,144,000			35,462,000			23,682,000			66.8	%		82.2	%		83.8	%
Gross margin
Express-1		8,507,000			4,309,000			4,198,000			97.4	%		23.1	%		22.7	%
Concert Group Logistics		3,058,000			1,868,000			1,190,000			63.7	%		10.5	%		9.4	%
Bounce Logistics		1,273,000			676,000			597,000			88.3	%		16.3	%		16.8	%
Total gross margin		12,838,000			6,853,000			5,985,000			87.3	%		17.8	%		16.2	%
Selling, general & administrative
Express-1		4,376,000			3,452,000			924,000			26.8	%		11.9	%		18.2	%
Concert Group Logistics		2,247,000			1,317,000			930,000			70.6	%		7.7	%		6.7	%
Bounce Logistics		1,035,000			549,000			486,000			88.5	%		13.3	%		13.7	%
Corporate		1,015,000			931,000			84,000			9.0	%		1.4	%		2.2	%
Total selling, general & administrative		8,673,000			6,249,000			2,424,000			38.8	%		12.0	%		14.8	%
Operating income from continuing operations
Express-1		4,131,000			857,000			3,274,000			382.0	%		11.2	%		4.5	%
Concert Group Logistics		811,000			551,000			260,000			47.2	%		2.8	%		2.8	%
Bounce Logistics		238,000			127,000			111,000			87.4	%		3.1	%		3.2	%
Corporate		(1,015,000	)		(931,000	)		(84,000	)		-9.0	%		-1.4	%		-2.2	%
Operating income from continuing operations		4,165,000			604,000			3,561,000			589.6	%		5.8	%		1.4	%
Interest expense		108,000			48,000			60,000			125.0	%		0.2	%		0.1	%
Other expense		54,000			9,000			45,000			500.0	%		0.1	%		0.0	%
Income from continuing operations before tax		4,003,000			547,000			3,456,000			631.8	%		5.6	%		1.3	%
Tax provision		1,665,000			259,000			1,406,000			542.9	%		2.3	%		0.6	%
Income from continuing operations		2,338,000			288,000			2,050,000			711.8	%		3.2	%		0.7	%
Income from discontinued operations, net of tax		—			5,000			(5,000	)		-100.0	%		0.0	%		0.0	%
Net income	$	2,338,000		$	293,000		$	2,045,000			698.0	%		3.2	%		0.7	%

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