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11/11/09 - XPO Reports Q3 2009 Net Income

SAINT JOSEPH, MI - 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.

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.

About Express-1 Expedited Solutions: Express-1 Expedited Solutions, Inc. is a non-asset based services organization focused on premium transportation through its business segments, Express-1, Inc. (Buchanan, Michigan), Concert Group Logistics, Inc. (CGL) (Downers Grove, Illinois), and Bounce Logistics, Inc. (South Bend, Indiana). These segments are focused on premium services that include: same-day, time-sensitive transportation as well as domestic and international freight forwarding. Serving more than 2,000 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.

The operations are handled by experienced inside sales staff using the latest operational software. The Company services customers throughout the lower 48 states and portions of Canada and Mexico. The Company’s operating model can be described as non-asset or asset light, as independent contractors and capacity through brokerage agreements fulfill the trucking services for most of it shipments. Express-1 Expedited Solutions, Inc. is publicly traded on the NYSE AMEX Equities Exchange (formerly AMEX) under the symbol XPO. For more information about the Company, visit www.express-1.com.

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