We expect these new branches to perform like the first three, which are scaling up as projected. We are seeing steady sequential improvement. Revenues are growing, and what’s more important is that the gross margin percentage generated by our first three cold-starts increased every month in the second quarter.And in July, their margin was significantly above where it was in the second quarter. The margin improvement in our cold-starts is largely a function of the success we’re having with carrier procurement at our national operations center in Charlotte.
XPO Logistics' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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