XPO Triples Net Income

Express-1 Expedited Solutions, Inc (XPO) released its third quarter financial results for 2009. The Company reported net income for the third quarter of 2009 of $811,000 as compared to reported net income for the second quarter of 2009 of $288,000. This increase represents a nearly tripling of net income.

The Company is optimistic about its projected fourth quarter financial results for 2009. Mike Welch, CEO of XPO commented, “We anticipate continued profitability for the remainder of the year due to our expense reductions and our belief that the transportation volume will continue to grow for the remainder of the year."

For a complete analysis of the Company's third quarter results, please refer to our September 30, 2009 Form 10-Q. That document is available on the Company's website at www.express-1.com, under the Investor Relations Tab – SEC Filings.