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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	May 04, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Trading Symbol	XPO
Entity Registrant Name	XPO Logistics, Inc.
Entity Central Index Key	0001166003
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		110,006,419

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 279.0	$ 289.8
Accounts receivable, net of allowances of $20.3 and $16.9, respectively	2,265.1	2,266.4
Other current assets	497.0	401.0
Total current assets	3,041.1	2,957.2
Property and equipment, net of $349.9 and $209.3 in accumulated depreciation, respectively	2,820.3	2,852.2
Goodwill	4,787.0	4,610.6
Identifiable intangible assets, net of $268.4 and $224.5 in accumulated amortization, respectively	1,704.2	1,876.5
Deferred tax asset	2.8	113.6
Other long-term assets	236.9	233.1
Total long-term assets	9,551.2	9,686.0
Total assets	12,592.3	12,643.2
Current liabilities:
Accounts payable	997.7	1,063.7
Accrued expenses	1,352.3	1,291.8
Current maturities of long-term debt	134.3	135.3
Other current liabilities	228.6	203.6
Total current liabilities	2,712.9	2,694.4
Long-term debt	5,379.1	5,272.6
Deferred tax liability	719.1	933.3
Employee benefit obligations	302.7	312.6
Other long-term liabilities	396.9	369.5
Total long-term liabilities	6,797.8	6,888.0
Commitments and contingencies
Stockholders’ equity:
Convertible perpetual preferred stock, $.001 par value; 10,000,000 shares authorized; 72,885 of Series A shares issued and outstanding at March 31, 2016 and December 31, 2015	42.0	42.0
Common stock, $.001 par value; 300,000,000 shares authorized; 109,736,757 and 109,523,493 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	0.1	0.1
Additional paid-in capital	3,219.4	3,212.3
Accumulated deficit	(488.2)	(465.0)
Accumulated other comprehensive loss	(47.3)	(72.3)
Noncontrolling interests	355.6	343.7
Total stockholders’ equity	3,081.6	3,060.8
Total liabilities and stockholders’ equity	$ 12,592.3	$ 12,643.2

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Accounts receivable, allowances	$ 20.3	$ 16.9
Property and equipment, accumulated depreciation	349.9	209.3
Identifiable intangible assets, accumulated amortization	$ 268.4	$ 224.5
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	109,736,757	109,523,493
Common stock, shares outstanding	109,736,757	109,523,493
Series A Preferred Stock
Preferred stock, shares issued	72,885	72,885
Preferred stock, shares outstanding	72,885	72,885

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 3,545.7	$ 703.0
Operating expenses
Cost of transportation and services	1,945.1	440.8
Direct operating expense	1,106.2	151.2
Sales, general and administrative expense	432.0	115.8
Total operating expenses	3,483.3	707.8
Operating income (loss)	62.4	(4.8)
Other expense	1.2	0.2
Foreign currency loss	3.1	0.2
Interest expense	93.1	23.1
Loss before income tax benefit	(35.0)	(28.3)
Income tax benefit	(15.7)	(13.6)
Net loss	(19.3)	(14.7)
Cumulative preferred dividends	(0.7)	(0.7)
Net income attributable to noncontrolling interests	(3.2)	0.0
Net loss attributable to common shareholders	$ (23.2)	$ (15.4)
Basic loss per share (in usd per share)	$ (0.21)	$ (0.20)
Diluted loss per share (in usd per share)	$ (0.21)	$ (0.20)
Weighted-average common shares outstanding
Basic weighted-average common shares outstanding	109,628,094	78,825,639
Diluted weighted-average common shares outstanding	109,600,000	78,800,000

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (19.3)	$ (14.7)
Less: Net income attributable to noncontrolling interests	(3.2)	0.0
Net loss attributable to the Company	(22.5)	(14.7)
Other comprehensive income (loss)
Foreign currency translation gains	52.1	0.0
Unrealized losses on cash flow and net investment hedges, net of tax effect of $14.7 and $0.0	(18.4)	0.0
Other comprehensive income	33.7	0.0
Less: Other comprehensive income attributable to noncontrolling interests	(8.7)	0.0
Other comprehensive income attributable to the Company	25.0	0.0
Comprehensive income (loss)	14.4	(14.7)
Less: Comprehensive income attributable to noncontrolling interests	(11.9)	0.0
Comprehensive income (loss) attributable to the Company	$ 2.5	$ (14.7)

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Unrealized losses on cash flow and net investment hedges, tax effect	$ 14.7	$ 0.0

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities
Net loss	$ (19.3)	$ (14.7)
Adjustments to reconcile net loss to net cash from operating activities
Depreciation and amortization	162.1	33.8
Deferred tax benefit	(22.7)	(15.8)
Non-cash stock compensation expense	11.9	2.3
Other	4.0	8.9
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable	30.9	50.6
Income tax receivable	1.4	15.8
Prepaid expense and other assets	(67.2)	(5.4)
Accounts payable	(90.5)	(10.6)
Accrued expenses and other liabilities	(3.7)	(17.6)
Cash flows provided by operating activities	6.9	47.3
Investing activities
Acquisition of businesses, net of cash acquired	0.0	(58.2)
Payment for purchases of property and equipment	(114.7)	(11.4)
Proceeds from sale of assets	17.5	0.0
Cash flows used by investing activities	(97.2)	(69.6)
Financing activities
Proceeds from issuance of long-term debt	0.0	414.7
Payment for debt issuance costs	0.0	(4.5)
Repayment of long-term debt and capital leases	(41.8)	0.0
Proceeds from borrowing on revolving credit facility	200.0	0.0
Repayment of borrowings on revolving credit facility	(100.0)	0.0
Bank overdrafts	18.3	0.0
Dividends paid to preferred stockholders	(0.7)	(0.7)
Other	0.0	3.0
Cash flows provided by financing activities	75.8	412.5
Effect of exchange rates on cash	3.7	0.0
Net (decrease) increase in cash	(10.8)	390.2
Cash and cash equivalents, beginning of period	289.8	644.1
Cash and cash equivalents, end of period	279.0	1,034.3
Supplemental disclosure of cash flow information:
Cash paid for interest	72.6	39.9
Cash paid (received) for income taxes	4.8	(13.9)
Property plant and equipment acquired through an increase in accounts payable	19.5	0.0
Property plant and equipment acquired through an increase in capital lease	10.6	0.0
Equity portion of acquisition purchase price	0.0	0.8
Equity issued upon conversion of debt	$ 0.0	$ 35.6

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2016 - USD ($) shares in Thousands, $ in Millions	Total	Preferred Stock Series A Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income/(Loss), Foreign Currency Translation Adjustments	Accumulated Other Comprehensive Income/(Loss), Cash Flow & Net Investment Hedges	Accumulated Other Comprehensive Income/(Loss), Employee Benefit Plans	Non-controlling Interests
Beginning Balance (in shares) at Dec. 31, 2015		73	109,523
Beginning Balance at Dec. 31, 2015	$ 3,060.8	$ 42.0	$ 0.1	$ 3,212.3	$ (465.0)	$ (61.8)	$ 6.7	$ (17.2)	$ 343.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(19.3)				(22.5)				3.2
Other comprehensive income (loss), net of $14.7 total tax effect	33.7					44.1	(19.1)		8.7
Exercise of warrants and stock options and other (in shares)			213
Exercise of warrants and stock options and other	0.4			0.4
Issuance of common stock upon conversion of senior notes, net of tax (in shares)			1
Issuance of common stock upon conversion of senior notes, net of tax	0.0
Dividend paid	(0.7)				(0.7)
Stock compensation expense	6.7			6.7
Ending Balance (in shares) at Mar. 31, 2016		73	109,737
Ending Balance at Mar. 31, 2016	$ 3,081.6	$ 42.0	$ 0.1	$ 3,219.4	$ (488.2)	$ (17.7)	$ (12.4)	$ (17.2)	$ 355.6

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Statement of Stockholders' Equity [Abstract]
Other comprehensive income (loss), tax	$ 14.7

Organization	3 Months Ended
Organization	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Nature of Business XPO Logistics, Inc. and its subsidiaries ("XPO" or the "Company") provide comprehensive supply chain solutions to its customers, which are multinational, national, mid-size and small enterprises, and include many of the most prominent companies in the world. XPO runs its business on a global basis, with two reportable segments: Transportation and Logistics. In the Transportation segment, the Company provides multiple services to facilitate the movement of raw materials, parts and finished goods. The Company accomplishes this by using its proprietary transportation management technology, third-party carriers and Company-owned trucks. XPO’s transportation services include: freight brokerage, last mile, expedite, intermodal, less-than-truckload ("LTL"), full truckload, managed transportation and global forwarding services. Freight brokerage, last mile, expedite, intermodal, managed transportation and global forwarding are all non-asset or asset-light businesses. LTL and full truckload are asset-based. In the Logistics segment, referred to as supply chain, the Company provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, and other inventory solutions. The Company performs e-commerce fulfillment, reverse logistics, storage, factory support, aftermarket support, integrated manufacturing, packaging, labeling, distribution and transportation. In addition, the Company utilizes technology and expertise to solve complex supply chain challenges and create transformative solutions for world-class customers, while reducing their operating costs and improving production flow management. Substantially all of the Company’s businesses operate as the single global brand of XPO Logistics. Under the Company’s cross-selling initiative, all services are offered to all customers to fulfill their supply chain requirements, and multiple services are often combined into an optimal solution. For specific financial information relating to the above segments, refer to Note 15—Segment Reporting.

Basis of Presentation and Significant Accounting Policies

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

Basis of Presentation

These unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. for interim financial information and Rule 10-01 of Regulation S-X, and should be read in conjunction with the Company's 2015 Annual Report on Form 10-K. Accordingly, significant accounting policies and other disclosures normally provided have been reduced or omitted. The preparation of the consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements as well as the reported amounts of revenue and expense during the reporting period. Estimates have been prepared on the basis of the most current and best available information, but actual results could differ materially from those estimates. Intercompany transactions have been eliminated in the consolidated financial statements. Where the presentation of these intercompany eliminations differs between the consolidated and reportable segment financial statements, reconciliations of certain line items are provided. The results of operations of acquired companies are included in the Company’s results from the closing date of the acquisition and forward. Income or loss attributable to noncontrolling interests is deducted from net income/loss to determine net income/loss attributable to common shareholders.

Significant Accounting Policies

Other Current Assets

The following table outlines the Company’s other current assets:



(Dollars in millions)	March 31, 2016		December 31, 2015
Prepaid expenses	$	180.2	$	142.3
Value-added tax and income tax receivables	111.7		115.8
Miscellaneous receivables	95.1		50.5
Inventory	50.6		48.9
Fixed assets held for sale	18.4		—
Other current assets	41.0		43.5
Total Other Current Assets	$	497.0	$	401.0

Intangible Assets with Definite Lives

The Company’s intangible assets subject to amortization consist of customer relationships, trade names, non-compete agreements, and other intangibles. Customer relationships are amortized on an accelerated basis over the period of economic benefit based on the estimated cash flows attributable to the related intangible asset or on a straight-line basis over the useful lives of the related intangible asset. Trade names are amortized on an accelerated basis over the period of economic benefit based on the estimated cash flows attributable to the related intangible assets. Non-compete agreements and other intangibles are amortized on a straight-line basis over the estimated useful lives of the related intangible asset. The range of estimated useful lives and the weighted-average useful lives of the respective intangible assets by type are as follows:



Classification	Estimated Useful Life	Weighted-Average Amortization Period
Customer relationships	1.5 to 16 years	13.33 years
Trade names	1.2 to 3.5 years	2.86 years
Non-compete agreements	Term of agreement	4.57 years
Other intangible assets	1.5 to 5 years	4.24 years

For additional information refer to Note 7—Intangible Assets.

Accrued Expenses

The following table outlines the Company’s accrued expenses:



(Dollars in millions)	March 31, 2016		December 31, 2015
Accrued salaries and wages	$	503.3	$	558.6
Accrued transportation and facility charges	173.2		156.1
Accrued value-added tax and other taxes	169.1		153.3
Accrued insurance claims	107.8		95.3
Accrued estimated litigation liabilities	84.2		66.1
Accrued interest	74.2		56.8
Accrued purchased services	45.1		42.0
Accrued short-term restructuring costs	44.1		46.8
Accrued cash-settled restricted stock	18.6		19.3
Other accrued expenses	132.7		97.5
Total Accrued Expenses	$	1,352.3	$	1,291.8

Other Current Liabilities

The following table outlines the Company’s other current liabilities:



(Dollars in millions)	March 31, 2016		December 31, 2015
Deferred revenue	$	52.9	$	62.4
Bank overdrafts	48.8		29.5
Employee benefits	35.4		38.7
Acquisition earn-out liability	21.8		21.8
Litigation costs	17.4		22.1
Income taxes payable	13.9		—
Current portion of interest rate swap liability	4.9		5.2
Other current liabilities	33.5		23.9
Total Other Current Liabilities	$	228.6	$	203.6

Fair Value Measurements

FASB ASC Topic 820, "Fair Value Measurements and Disclosures," defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and classifies the inputs used to measure fair value into the following hierarchy:


•	Level 1—Quoted prices for identical instruments in active markets;


•	Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and


•	Level 3—Valuations based on inputs that are unobservable, generally utilizing pricing models or other valuation techniques that reflect management’s judgment and estimates.

The aggregate net fair value estimates are based upon certain market assumptions and pertinent information available to management. The respective carrying value of certain financial instruments approximated their fair values as of March 31, 2016 and December 31, 2015, respectively. These financial instruments include cash, accounts receivable, accounts payable, accrued expenses and current maturities of long-term debt. Fair values approximate carrying values for these financial instruments since they are short-term in nature and are receivable or payable on demand. The fair value of the asset financing arrangements ("Asset Financing") approximates carrying value since the debt is primarily issued at a floating rate, may be prepaid any time at par without penalty and the remaining life is short-term in nature.

Cash equivalents consist of short-term interest-bearing instruments (primarily commercial paper, certificates of deposit and money market funds) with maturities of three months or less at the date of purchase. The carrying amounts for money market funds are a reasonable estimate of fair value and quoted market prices are available, and accordingly, are classified as Level 1 instruments. Commercial paper and certificates of deposit are generally valued using published interest rates for instruments with similar terms and maturities, and accordingly, are classified as Level 2 instruments. The fair value of the Company's Senior Notes due 2022, Senior Notes due 2019, Senior Notes due 2018 (collectively described as the “Senior Notes” when referring to the Senior Notes due 2018, Senior Notes due 2019, Senior Notes due 2021, and Senior Notes due 2022), Senior Debentures due 2034 (the “Senior Debentures”), and the 4.50% Convertible Senior Notes due October 1, 2017 (the “Convertible Notes”) was estimated using quoted market prices for identical instruments in active markets. The fair value of the Company's Term Loan Facility (the “Term Loan Facility”), Senior Notes due 2021 and Euro private placement notes due 2020 (the “Euro Private Placement Notes”) was estimated using inputs that are readily available market inputs for long-term debt with similar terms and maturities. The Company's derivative instruments include over-the-counter derivatives that are primarily valued using models that rely on observable market inputs, such as currency exchange rates and yield curves. For additional information refer to Note 12—Derivative Instruments.

The following table summarizes the carrying value and valuation of financial instruments within the fair value hierarchy:



	March 31, 2016
(Dollars in millions)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents	$	93.3	$	93.3	$	29.6	$	63.7	$	—
Financial Liabilities:
Senior Notes due 2022	1,577.7		1,568.0		1,568.0		—		—
Senior Notes due 2021	561.5		541.5		—		541.5		—
Senior Notes due 2019	900.3		936.0		936.0		—		—
Senior Notes due 2018	268.0		272.1		272.1		—		—
Term loan facility	1,537.9		1,600.0		—		1,600.0		—
Senior Debentures due 2034	199.5		219.0		219.0		—		—
Convertible senior notes	47.5		98.9		98.9		—		—
Euro private placement notes due 2020	15.0		14.9		—		14.9		—
Derivative instruments	42.8		42.8		—		42.8		—

	December 31, 2015
(Dollars in millions)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents	$	83.2	$	83.2	$	9.1	$	74.1	$	—
Financial Liabilities:
Senior Notes due 2022	1,577.0		1,479.8		1,479.8		—		—
Senior Notes due 2021	536.6		507.5		—		507.5		—
Senior Notes due 2019	900.4		920.3		920.3		—		—
Senior Notes due 2018	268.2		271.0		—		271.0		—
Term loan facility	1,540.3		1,590.0		—		1,590.0		—
Senior Debentures due 2034	199.0		201.0		—		201.0		—
Convertible senior notes	46.8		89.1		89.1		—		—
Euro private placement notes due 2020	14.5		13.9		—		13.9		—
Derivative instruments	8.8		8.8		—		8.8		—

New Accounting Standards

In May 2015, the FASB issued ASU No. 2015-07, Fair Value Measurements (Topic 820): "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)." This ASU removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. This ASU is effective retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2015. The Company's adoption of this standard in the first quarter of 2016 had no material impact to the consolidated financial statements and related disclosures.

In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): "Simplifying the Accounting for Measurement-Period Adjustments," which simplifies how adjustments are made to provisional amounts recognized in a business combination during the measurement period. The standard is effective for interim and annual periods beginning after December 15, 2015. The Company adopted this standard in the first quarter of 2016. See Note 3 - Acquisitions for the current-quarter impact.

In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): "Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which clarifies the implementation guidance on principal versus agent considerations. This standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted for the first interim period within annual reporting periods beginning after December 15, 2016. The Company will adopt this standard in the first quarter of 2018. The Company is currently evaluating the standard and the impact on the consolidated financial statements and related disclosures.

In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): "Improvements to Employee Share-based Payment Accounting," which involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. This ASU is effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period, however early adoption is permitted. The Company is currently evaluating the standard and the impacts, if any, on its consolidated financial statements and related disclosures.

Acquisitions

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Acquisitions

2015 Acquisitions

Con-way Inc.

On September 9, 2015, XPO entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Con-way Inc., a Delaware corporation ("Con-way"), and Canada Merger Corp., a Delaware corporation and wholly owned subsidiary of XPO ("Merger Subsidiary"). Headquartered in Ann Arbor, Michigan, Con-way was a Fortune 500 company with a transportation and logistics network of 582 locations and approximately 30,000 employees serving over 36,000 customers.

Under the terms of the Merger Agreement, XPO caused Merger Subsidiary to commence a cash tender offer (the "Offer") for all of Con-way's outstanding shares of common stock, par value $0.625 per share (the "Shares"), at a purchase price of $47.60 per Share, net to the seller in cash, without interest thereon and less any applicable withholding taxes. The Offer and withdrawal rights expired on October 30, 2015. A total of 46,150,072 Shares were validly tendered and not properly withdrawn pursuant to the Offer as of the expiration date, representing approximately 81.1% of the outstanding Shares. In addition, Notices of Guaranteed Delivery were delivered for 1,793,225 Shares, representing approximately 3.2% of the outstanding Shares. The number of Shares tendered satisfied the minimum condition, and all Shares that were validly tendered and not withdrawn pursuant to the Offer were accepted for payment. The fair value of the total consideration paid in the Offer and Merger Agreement was $2,317.8 million, net of cash acquired of $437.3 million, consisting of $2,706.6 million of cash paid at the time of closing for the purchase of all of Con-way’s outstanding shares of common stock, $17.6 million representing the portion of replacement equity awards attributable to pre-acquisition service, and a $30.9 million liability for the settlement of certain Con-way stock-based compensation awards.

On October 30, 2015, following its acceptance of the tendered shares, XPO completed its acquisition of Con-way pursuant to the terms of the Merger Agreement. Merger Subsidiary merged with and into Con-way, with Con-way continuing as the surviving corporation as a wholly owned subsidiary of XPO. Pursuant to the Merger Agreement, at the effective time each Share issued and outstanding immediately prior to the effective time was converted into the right to receive the purchase price other than Shares owned by (i) Con-way, XPO or Merger Subsidiary, which Shares have been canceled and cease to exist, (ii) any subsidiary of Con-way or XPO (other than Merger Subsidiary), which Shares have been converted into shares of common stock of the surviving corporation, or (iii) stockholders who validly exercise appraisal rights under Delaware law with respect to such Shares. All Con-way shares not validly tendered into the Offer have been canceled and converted into the right to receive the same $47.60 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, as was paid for all Shares that were validly tendered and not withdrawn in the Offer. Con-way shares have ceased trading on the New York Stock Exchange.

At the effective time (as specified in the Merger Agreement, the "Effective Time"), each Con-way stock option and stock appreciation right, whether vested or unvested, was converted into an option to purchase shares of XPO common stock or a stock appreciation right in respect of XPO common stock, as applicable, with the same terms and conditions as were applicable to such stock option or stock appreciation right immediately prior to the Effective Time, with the number of shares of XPO common stock (rounded down to the nearest whole number of shares) subject to such stock option or stock appreciation right equal to the product of (i) the total number of Shares underlying such stock option or stock appreciation right immediately prior to the Effective Time, multiplied by (ii) the quotient obtained by dividing the per share merger consideration by the volume-weighted average trading price of XPO common stock on the New York Stock Exchange for the five consecutive trading days ending on the trading day immediately preceding the closing date (the "Equity Award Conversion Amount"), and with the exercise price applicable to such stock option or stock appreciation right to equal the quotient (rounded up to the nearest whole cent) obtained by dividing (a) the exercise price per Share applicable to such stock option or stock appreciation right immediately prior to the Effective Time, by (b) the Equity Award Conversion Amount.



(Dollars in millions)
Cash consideration	$	2,706.6
Liability for equity award settlement	30.9
Portion of replacement equity awards attributable to pre-acquisition service	17.6
Cash acquired	(437.3		)
Total consideration	$	2,317.8

The Con-way transaction was accounted for as a business combination in accordance with ASC Topic 805 "Business Combinations." Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of October 30, 2015, with the remaining unallocated purchase price recorded as goodwill. Goodwill includes the expected synergies and cost rationalization from the merger of operations as well as intangible assets that do not qualify for separate recognition such as an assembled workforce.

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of October 30, 2015:



(Dollars in millions)
Consideration	$	2,317.8
Accounts receivable	670.1
Other current assets	129.9
Property and equipment	1,892.3
Trade name	5.6
Customer relationships	641.0
Other long-term assets	48.5
Accounts payable	(354.6		)
Accrued expenses	(383.5		)
Other current liabilities	(27.5		)
Long-term debt	(640.6		)
Deferred tax liabilities	(619.4		)
Employee benefit obligations	(153.5		)
Other long-term liabilities	(197.4		)
Goodwill	$	1,306.9

As of March 31, 2016, the purchase price allocation is preliminary and is based on information that is available to management at the time the consolidated financial statements were prepared. The most significant open items include the fair value of property and equipment, favorable and unfavorable leasehold assets and liabilities, definite-lived intangible assets, assumed liabilities and taxes. Based on a preliminary allocation, $1,025.7 million of the goodwill relates to the Transportation reportable segment and $281.2 million of the goodwill relates to the Logistics reportable segment. The goodwill as a result of the acquisition is not deductible for income tax purposes.

During the first quarter of 2016, management updated their assumptions in the measurement of fair value for property and

equipment and customer relationships. The effect of this change was a $5.8 million decrease in depreciation and amortization expense recorded during the three-month period ended March 31, 2016 which related to the three-month period ended December 31, 2015.

Norbert Dentressangle SA

On April 28, 2015, XPO entered into (1) a Share Purchase Agreement (the "Share Purchase Agreement") relating to Norbert Dentressangle SA ("ND"), a French société anonyme, among Dentressangle Initiatives, a French société par actions simplifiée, Mr. Norbert Dentressangle, Mrs. Evelyne Dentressangle, Mr. Pierre-Henri Dentressangle, Ms. Marine Dentressangle and XPO and (2) a Tender Offer Agreement (the "Tender Offer Agreement" and, together with the Share Purchase Agreement, the "ND Transaction Agreements") between XPO and ND. The ND Transaction Agreements provided for the acquisition of a majority stake in ND by XPO, followed by an all-cash simplified tender offer by XPO to acquire the remaining outstanding shares.

On June 8, 2015, pursuant to the terms and subject to the conditions of the Share Purchase Agreement, Dentressangle Initiatives, Mr. Norbert Dentressangle, Mrs. Evelyne Dentressangle, Mr. Pierre-Henri Dentressangle and Ms. Marine Dentressangle (collectively, the "Sellers") sold to XPO and XPO purchased from the Sellers (the "Share Purchase"), all of the ordinary shares of ND owned by the Sellers, representing a total of approximately 67% of the share capital of ND and all of the outstanding share subscription warrants granted by ND to employees, directors or other officers of ND and its affiliates. Total cash consideration paid for the majority interest in the share capital of ND and settlement of the warrants was €1,437.0 million, or $1,603.9 million, excluding acquired debt. Consideration included only the portion of the fair value of the warrants attributable to service performed prior to the acquisition date. The remaining balance was recorded as compensation expense in the post-combination period. In conjunction with the Share Purchase Agreement, the Company agreed to settle certain performance stock awards of ND. Similar to the warrants, the consideration of €11.8 million, or $13.2 million, included only the portion of the fair value attributable to service performed prior to the acquisition date with the balance recorded as compensation expense in the post-combination period. The performance share settlement will be paid in cash with 50% of the awards paid 18 months from the acquisition date and the remaining 50% paid in 36 months. Further, as a result of the acquisition, the Company repaid certain indebtedness and related interest rate swap liabilities of ND totaling €628.5 million, or $705.0 million.

On June 11, 2015, XPO filed with the French Autorité des Marchés Financiers (the "AMF") a mandatory simplified cash offer (the "Tender Offer") to purchase all of the outstanding ordinary shares of ND (other than the shares already owned by XPO) at a price of €217.50 per share. On June 23, 2015, the Company received the necessary approval from the AMF to launch the Tender Offer and the Tender Offer was launched on June 25, 2015. The Tender Offer remained open for a period of 16 trading days. As of March 31, 2016, the Company purchased 1,921,553 shares under the Tender Offer and acquired a total of approximately 86.25% of the share capital of ND. The total fair value of the consideration provided for the noncontrolling interest in ND at the acquisition date is €702.5 million, or $784.2 million, which is based on the quoted market price of ND shares on the acquisition date. Total consideration is summarized in the table below in Euros ("EUR") and USD:



(In millions)	In EUR			In USD
Cash consideration	€	1,437.0		$	1,603.9
Liability for performance share settlement	11.8			13.2
Repayment of indebtedness	628.5			705.0
Noncontrolling interests	702.5			784.2
Cash acquired	(134.6		)	(151.0		)
Total consideration	€	2,645.2		$	2,955.3

The ND Share Purchase was accounted for as a business combination in accordance with ASC Topic 805 "Business Combinations." Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of June 8, 2015, with the remaining unallocated purchase price recorded as goodwill. Goodwill includes the expected synergies and cost rationalization from the merger of operations as well as intangible assets that do not qualify for separate recognition such as an assembled workforce. The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of June 8, 2015:



(Dollars in millions)
Consideration	$	2,955.3
Accounts receivable	1,060.4
Other current assets	350.1
Deferred tax assets	27.2
Property and equipment	730.7
Trade name covenants	40.0
Non-compete agreements	5.6
Customer relationships	827.0
Other long-term assets	63.6
Accounts payable	(804.1		)
Accrued expenses	(422.8		)
Other current liabilities	(164.6		)
Long-term debt	(643.4		)
Deferred tax liabilities	(245.5		)
Employee benefit obligations	(142.3		)
Other long-term liabilities	(148.8		)
Noncontrolling interests	(37.2		)
Goodwill	$	2,459.4

As of March 31, 2016, the most significant open items related to the purchase price allocation include the fair value of property and equipment, favorable and unfavorable leasehold assets and liabilities, definite-lived intangible assets, assumed liabilities and taxes. Based on a preliminary allocation, $961.9 million of the goodwill relates to the Transportation reportable segment and $1,497.5 million of the goodwill relates to the Logistics reportable segment. The goodwill as a result of the acquisition is not deductible for local country income tax purposes. The Company allocated the purchase price from its acquisition of ND down to the legal entities resulting in deferred tax assets and liabilities which on a jurisdictional basis have been netted. The jurisdictional netting resulted in a reduction of both deferred tax assets and deferred tax liabilities of $116.0 million during the first quarter of 2016, and had no impact on goodwill.

Bridge Terminal Transport Services, Inc.

On May 4, 2015, the Company entered into a Stock Purchase Agreement with BTTS Holding Corporation to acquire all of the outstanding capital stock of Bridge Terminal Transport Services, Inc. ("BTT"), a leading asset-light drayage provider in the United States. The closing of the transaction was effective on June 1, 2015. The fair value of the total consideration paid under the BTT Stock Purchase Agreement was $103.8 million and consisted of $103.1 million of cash paid at the time of closing, including an estimate of the working capital adjustment, and $0.7 million of equity.

The BTT acquisition was accounted for as a business combination in accordance with ASC Topic 805 "Business Combinations." Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of June 1, 2015, with the remaining unallocated purchase price recorded as goodwill. As a result of the acquisition, the Company recorded goodwill of $57.0 million and definite-lived intangible assets of $30.0 million. All goodwill relates to the Transportation reportable segment and is not deductible for income tax purposes. As of March 31, 2016, the purchase price allocation is considered final, except for the fair value of taxes and assumed liabilities.

UX Specialized Logistics

On February 9, 2015, the Company entered into an Asset Purchase Agreement with Earlybird Delivery Systems, LLC to acquire certain assets of UX Specialized Logistics, LLC ("UX"). The fair value of the total consideration paid under the UX Asset Purchase Agreement was $58.9 million and consisted of $58.1 million of cash paid at the time of closing, including an estimate of the working capital adjustment, and $0.8 million of equity. UX provided last mile logistics and same day delivery services for major retail chains and e-commerce companies.

The UX acquisition was accounted for as a business combination in accordance with ASC Topic 805 "Business Combinations." Assets acquired and liabilities assumed were recorded in the accompanying consolidated balance sheet at their estimated fair values as of February 9, 2015, with the remaining unallocated purchase price recorded as goodwill. As a result of the acquisition, the Company recorded goodwill of $38.1 million and definite-lived intangible assets of $18.8 million. All goodwill relates to the Transportation reportable segment and is fully deductible for income tax purposes. As of March 31, 2016, the purchase price allocation is considered final.

Pro Forma Financial Information

The following unaudited pro forma consolidated results of operations for the three-month period ended March 31, 2015 present consolidated information of the Company as if the acquisitions of Con-way and ND had occurred as of January 1, 2015:



	Historical Three Months Ended			Pro Forma Three Months Ended
(Dollars in millions, except per share data)	March 31, 2016			March 31, 2015
Revenue	$	3,545.7		$	3,542.3
Operating income	$	62.4		$	52.2
Net loss attributable to common shareholders	$	(23.2	)	$	(34.9	)
Basic loss per share	$	(0.21	)	$	(0.33	)
Diluted loss per share	$	(0.21	)	$	(0.33	)

The unaudited pro forma consolidated results for the three-month period were prepared using the acquisition method of accounting and are based on the historical financial information of Con-way, ND and the Company. The unaudited pro forma consolidated results incorporate historical financial information for all significant acquisitions pursuant to SEC regulations since January 1, 2015. The historical financial information has been adjusted to give effect to pro forma adjustments that are: (i) directly attributable to the acquisition, (ii) factually supportable and (iii) expected to have a continuing impact on the combined results. The unaudited pro forma consolidated results are not necessarily indicative of what the Company’s consolidated results of operations actually would have been had it completed these acquisitions on January 1, 2015.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Restructuring Charges

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring Charges

In conjunction with various acquisitions, the Company has initiated facility rationalization and severance programs to close facilities and reduce employment in order to improve efficiency and profitability or adjust for the loss of certain business. The programs include facility exit activities and employment reduction initiatives.

The amount of restructuring charges incurred during the three-month period ended March 31, 2016, and included in the Company's consolidated statement of operations as sales, general and administrative expense, direct operating expense, and cost of transportation and services, is summarized below.



			Three months ended March 31, 2016
(Dollars in millions)	Reserve Balance at December 31, 2015		Charges Incurred		Payments			Reserve Balance at March 31, 2016
Transportation
Contract termination	$	0.1	$	0.2	$	—		$	0.3
Facilities	0.6		0.1		(0.2		)	0.5
Severance	26.7		0.4		(6.2		)	20.9
Total	27.4		0.7		(6.4		)	21.7
Logistics
Contract termination	0.8		0.4		(0.5		)	0.7
Severance	25.5		6.4		(4.8		)	27.1
Total	26.3		6.8		(5.3		)	27.8
Corporate
Contract termination	4.0		—		(1.2		)	2.8
Severance	3.5		—		(0.3		)	3.2
Total	7.5		—		(1.5		)	6.0
Total	$	61.2	$	7.5	$	(13.2	)	$	55.5

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Litigation The Company is involved, and will continue to be involved, in numerous legal proceedings arising out of the conduct of its business. These proceedings may include, among other matters, claims for property damage or personal injury incurred in connection with the transportation of freight, claims regarding anti-competitive practices, and employment-related claims, including claims involving asserted breaches of employee restrictive covenants and tortious interference with contract. These proceedings also include numerous purported class-action lawsuits, multi-plaintiff and individual lawsuits and state tax and other administrative proceedings that claim either that the Company’s owner operators or contract carriers should be treated as employees, rather than independent contractors, or that certain of the Company's drivers were not paid for all compensable time or were not provided with required meal or rest breaks. These lawsuits and proceedings may seek substantial monetary damages (including claims for unpaid wages, overtime, failure to provide meal and rest periods, unreimbursed business expenses and other items), injunctive relief, or both. The Company establishes accruals for specific legal proceedings when it is considered probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Accruals for loss contingencies are reviewed quarterly and adjusted as additional information becomes available. In connection with certain acquisitions of privately-held businesses, the Company has retained purchase price holdbacks or escrows to provide security for a negotiated duration with respect to damages incurred in connection with pre-acquisition claims and litigation matters. If a loss is not both probable and reasonably estimable, or if an exposure to loss exists in excess of the amount accrued therefor or the applicable purchase price holdback or escrow, the Company assesses whether there is at least a reasonable possibility that a loss, or additional loss, may have been incurred. If there is a reasonable possibility that a loss, or additional loss, may have been incurred, the Company discloses the estimate of the possible loss or range of loss if it is material and an estimate can be made, or states that such an estimate cannot be made. The evaluation as to whether a loss is reasonably possible or probable is based on the Company’s assessment, in conjunction with legal counsel, regarding the ultimate outcome of the matter. The Company believes that it has adequately accrued for, or has adequate purchase price holdbacks or escrows with respect to, the potential impact of loss contingencies that are probable and reasonably estimable. The Company does not believe that the ultimate resolution of any matters to which the Company is presently party will have a material adverse effect on its results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Legal costs incurred related to these matters are expensed as incurred. The Company carries liability and excess umbrella insurance policies that it deems sufficient to cover potential legal claims arising in the normal course of conducting its operations as a transportation company. The liability and excess umbrella insurance policies do not cover the misclassification claims described in this Note. In the event the Company is required to satisfy a legal claim outside the scope of the coverage provided by insurance, the Company’s financial condition, results of operations or cash flows could be negatively impacted. Intermodal Drayage Classification Claims Certain of the Company’s intermodal drayage subsidiaries received notices from the California Labor Commissioner, Division of Labor Standards Enforcement (the "DLSE"), that a total of approximately 150 owner operators contracted with these subsidiaries filed claims in 2012 with the DLSE in which they assert that they should be classified as employees, rather than independent contractors. These claims seek reimbursement for the owner operators’ business expenses, including fuel, tractor maintenance and tractor lease payments. After a decision was rendered by a DLSE hearing officer in seven of these claims, in 2014, the Company appealed the decision to California Superior Court, San Diego, where a de novo trial was held on the merits of those claims. On July 17, 2015, the court issued a final statement of decision finding that the seven claimants were employees rather than independent contractors, and awarding an aggregate of $2.9 million plus post-judgment interest and attorneys' fees to the claimants. The Company appealed this judgment, but cannot provide assurance that such appeal will be successful. The remaining DLSE claims (the "Pending DLSE Claims") have been transferred to California Superior Court in three separate actions involving approximately 200 claimants, including the approximately 150 claimants mentioned above. These matters are in the initial procedural stages. The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable relating to the Pending DLSE Claims. The Company is unable at this time to estimate the amount of the possible loss or range of loss, if any, in excess of its accrued liability that it may incur as a result of the Pending DLSE Claims. One of these intermodal drayage subsidiaries also is a party to a putative class action litigation (Manuela Ruelas Mendoza v. Pacer Cartage, Inc.) brought by Edwin Molina on August 19, 2013 and currently pending in the U.S. District Court, Southern District of California. Mr. Molina asserts that he should be classified as an employee, rather than an independent contractor, and seeks damages for alleged violation of various California wage and hour laws. Mr. Molina seeks to have the litigation certified as a class action involving all owner-operators contracted with this subsidiary at any time from August 2009 to the present, which could involve as many as 625 claimants. Certain of these potential claimants also may have Pending DLSE Claims. The Company has reached an agreement to settle this litigation with the claimant. The settlement agreement has been conditionally approved by the court but remains subject to acceptance by a minimum percentage of members of the purported class. There can be no assurance that the settlement agreement will be accepted by the requisite percentage of members of the purported class. The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable relating to these claims. Another of the Company’s intermodal drayage subsidiaries is a party to a putative class action litigation (C. Arevalo v. XPO Port Services, Inc.) brought by Carlos Arevalo in the Superior Court for the State of California, County of Los Angeles Central District filed in August 2015. Mr. Arevalo asserts that he should be classified as an employee, rather than an independent contractor, and seeks damages for alleged violation of various California wage and hour laws. Mr. Arevalo seeks to have the litigation certified as a class action involving all owner-operators contracted with this subsidiary at any time from August 2011 to the present. Certain of these potential claimants also may have Pending DLSE Claims. This matter is in the initial pleading stage and the court has not yet determined whether to certify the matter as a class action. The Company is unable at this time to estimate the amount of the possible loss or range of loss, if any, that it may incur as a result of this matter. Last Mile Logistics Classification Claims Certain of the Company’s last mile logistics subsidiaries are party to several putative class action litigations brought by independent contract carriers contracted with these subsidiaries in which the contract carriers assert that they should be classified as employees, rather than independent contractors. The particular claims asserted vary from case to case, but the claims generally allege unpaid wages, unpaid overtime, or failure to provide meal and rest periods, and seek reimbursement of the contract carriers’ business expenses. Putative class actions against the Company’s subsidiaries are pending in California (Fernando Ruiz v. Affinity Logistics Corp., filed in May 2005, currently in the Federal District Court, Southern District of California; and Ron Carter, Juan Estrada, Jerry Green, Burl Malmgren, Bill McDonald and Joel Morales v. XPO Logistics, Inc., filed in March 2016 in the Federal District Court, Northern District of California), New Jersey (Leonardo Alegre v. Atlantic Central Logistics, Simply Logistics, Inc., filed in March 2015 in the Federal District Court, New Jersey), Pennsylvania (Victor Reyes v. XPO Logistics, Inc., filed in May 2015 in the U.S. District Court, Pennsylvania) and Connecticut (Carlos Taveras v. XPO Last Mile, Inc., filed in November 2015 in the Federal District Court, Connecticut). The Company believes that it has adequately accrued for the potential impact of loss contingencies relating to the foregoing claims that are probable and reasonably estimable. The Company is unable at this time to estimate the amount of the possible loss or range of loss, if any, in excess of its accrued liability that it may incur as a result of these claims. During the first quarter of 2016, the Company completed the settlement of multi-plaintiff actions in Massachusetts (Celso Martins, Alexandre Rocha, and Calvin Anderson v. 3PD, Inc. filed in July 2011 in Massachusetts State Court) and Illinois (Marvin Brandon, Rafael Aguilera, and Aldo Mendez-Etzig v. 3PD, Inc. filed in May 2013 in the Federal District Court, Northern District of Illinois). Last Mile TCPA Claims The Company is a party to a putative class action litigation (Leung v. XPO Logistics, Inc., filed in May 2015 in the U.S. District Court, Illinois) alleging violations of the Telephone Consumer Protection Act ("TCPA") related to an automated customer call system used by a last mile logistics business that the Company acquired. The Company has asserted indemnity rights pursuant to the agreement by which it acquired this business, subject to certain limits. This matter is in the initial pleading stage and the court has not yet determined whether to certify the matter as a class action. The Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable relating to this matter. The Company is unable at this time to estimate the amount of the possible loss or range of loss, if any, in excess of its accrued liability that it may incur as a result of this matter. Less-Than-Truckload Meal Break Claims The Company’s LTL subsidiary is a party to several class action litigations alleging violations of the state of California's wage and hour laws. Plaintiffs allege failure to provide drivers with required meal breaks and rest breaks. Plaintiffs seek to recover unspecified monetary damages, penalties, interest and attorneys’ fees. The primary case is Jose Alberto Fonseca Pina, et al. v. Con-way Freight Inc., et al. (the "Pina case"). The Pina case was initially filed in November 2009 in Monterey County Superior Court and was removed to the U.S. District Court of California, Northern District. The Company has reached a tentative agreement to settle the Pina case, subject to execution of a settlement agreement, court approval and acceptance by a minimum percentage of members of the purported class. There can be no assurance that the settlement agreement will be finalized and executed, that the court will approve any such settlement agreement or that it will be accepted by the requisite percentage of members of the purported class. The Company believes that it has adequately accrued for the potential impact of loss contingencies relating to the Pina case. The Company is unable at this time to estimate the amount of the possible loss or range of loss, if any, in excess of its accrued liability that it may incur as a result of these claims. Con-way Acquisition Litigation On October 7, 2015, a purported stockholder of Con-way filed a putative class action complaint in the Delaware Court of Chancery, captioned Abrams v. Espe, et al., C.A. No. 11585-VCN. The complaint named the members of the board of directors of Con-way, XPO and an affiliate, and Citigroup Inc., financial advisor to Con-way in connection with the proposed acquisition, as defendants. The complaint alleged that the directors breached their fiduciary duties by, among other things, failing to maximize shareholder value in connection with the proposed transaction and failing to disclose certain information in the Schedule 14D-9 of Con-way relating to the proposed acquisition. The complaint also alleged that the other defendants aided and abetted those alleged breaches of fiduciary duty. The lawsuit sought, among other relief, a preliminary injunction, rescissory damages and recovery of the costs of the action, including reasonable attorneys' and experts' fees. On February 24, 2016, the plaintiff filed a Stipulation and Proposed Order requesting dismissal of the action, and further noting their intent to submit an application for an award of attorneys’ fees and reimbursement of expenses. On February 24, 2016, the Delaware court granted the Order, retaining jurisdiction solely for the purpose of determining plaintiff’s counsel’s application for an award of attorneys’ fees and reimbursement of expenses. The Company has agreed to pay fees and expenses of plaintiff’s counsel, and plaintiff’s counsel has agreed not to make any application to the Court for additional attorneys’ fees and expenses. This fee has not been in any way approved or ruled upon by the Court of Chancery. XPO Logistics Worldwide Government Services Investigation On June 11, 2014, XPO Logistics Worldwide Government Services, LLC, formerly known as Menlo Worldwide Government Services, LLC ("Government Services"), a subsidiary of the contract logistics business that the Company acquired through the Con-way transaction, received a subpoena duces tecum from the U.S. Department of Defense Inspector General requesting records relating to an investigation into compliance with the terms and conditions of its contractual arrangements with the United States Transportation Command (the "DTCI Contract") for work performed prior to the acquisition of Government Services by the Company. Government Services received a follow-on Civil Investigative Demand from the U.S. Department of Justice dated September 30, 2015, related to the same or related matters. On April 23, 2016, the Company entered into a settlement agreement with the United States Department of Justice regarding the foregoing investigation. The settlement fully resolves disputed charges under the DTCI Contract, and all related claims have been dismissed with prejudice, waived and released. The Company denied that any wrongdoing occurred.

Property and Equipment

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

The following table outlines the Company’s property and equipment:



(Dollars in millions)	March 31, 2016			December 31, 2015
Property and Equipment
Land	$	363.6		$	359.5
Buildings and leasehold improvements	477.7			476.8
Vehicles, tractors, trailers and tankers	1,496.1			1,440.5
Machinery and equipment	342.2			325.9
Office and warehouse equipment	87.3			79.5
Computer software and equipment	403.3			379.3
	3,170.2			3,061.5
Less: Accumulated depreciation	(349.9		)	(209.3		)
Total Property and Equipment, net	$	2,820.3		$	2,852.2

Depreciation of property and equipment was $119.5 million and $15.8 million for the three-month periods ended March 31, 2016 and 2015, respectively. The net book value of capitalized internally-developed software totaled $126.5 million and $122.8 million as of March 31, 2016 and December 31, 2015, respectively.

Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

The following table outlines the Company’s identifiable intangible assets:



	March 31, 2016				December 31, 2015
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived intangibles
Customer relationships	$	1,889.8	$	212.8	$	2,017.0	$	174.4
Trade name	52.1		33.7		51.0		29.1
Non-compete agreements	16.4		7.7		18.7		6.8
Carrier relationships	12.1		12.1		12.1		12.1
Other intangible assets	2.2		2.1		2.2		2.1
	$	1,972.6	$	268.4	$	2,101.0	$	224.5

Estimated future amortization expense for intangible assets for the remaining nine months of 2016 and next four years is as follows:



(Dollars in millions)	2016		2017		2018		2019		2020
Estimated amortization expense	$	133.8	$	166.1	$	158.1	$	151.8	$	145.7

Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets and other events.

Intangible asset amortization expense recorded in sales, general and administrative expense was $42.0 million and $18.0 million for the three-month periods ended March 31, 2016 and 2015, respectively.

Goodwill

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table shows changes in the gross carrying amounts of goodwill. The current period additions are the result of adjustments related to prior year acquisitions for which the measurement period remains open.



(Dollars in millions)	Transportation			Logistics			Total
Goodwill at December 31, 2015	$	2,504.7		$	2,105.9		$	4,610.6
Property and equipment and intangible asset fair value adjustments	145.2			37.4			182.6
Deferred tax adjustments	(58.0		)	(18.5		)	(76.5		)
Litigation liability adjustments, net of tax	13.7			0.6			14.3
Impact of foreign exchange translation	19.9			30.9			50.8
Other adjustments	4.1			1.1			5.2
Goodwill at March 31, 2016	$	2,629.6		$	2,157.4		$	4,787.0

Employee Benefit Plans

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Defined Benefit Pension Plans

In the periods presented, certain employees of XPO and its subsidiaries in the U.S. and the UK were covered under one of several retirement plans. The Company did not have defined benefit pension plans prior to June 2015.

The following table outlines the amount of net periodic benefit expense for the three-month period ended March 31, 2016:



(Dollars in millions)	U.S. Qualified Plans			U.S. Non-Qualified Plans		UK Plans
Net periodic benefit expense (income):
Interest cost	$	19.0		$	0.8	$	11.5
Expected return on plan assets	(22.1		)	—		(14.9		)
Net periodic benefit expense (income)	$	(3.1	)	$	0.8	$	(3.4	)

The Company has not contributed to and has no plans to contribute to its U.S. Plans in 2016. The Company has contributed $3.2 million to its UK Plans through March 31, 2016, and estimates it will contribute $15.1 million in aggregate to its UK Plans in 2016.

Defined Contribution Retirement Plans

The Company’s cost for defined contribution retirement plans was $14.4 million for the three-month period ended March 31, 2016. The Company did not have significant defined contribution retirement plan costs in the first quarter of 2015.

Postretirement Medical Plan

As a result of the Company’s acquisition of Con-way as described in Note 3—Acquisitions, the Company sponsors a postretirement medical plan. The following table sets forth the amount of net periodic benefit expense for the three-month period ended March 31, 2016:



(Dollars in millions)	Three Months Ended March 31, 2016
Net periodic benefit expense:
Service cost - benefits earned during the year	$	0.2
Interest cost on projected benefit obligation	0.5
Net periodic benefit expense	$	0.7

Stock-Based Compensation

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

During the three-month periods ended March 31, 2016 and 2015, the Company recognized the following stock-based compensation expense in direct operating expense and sales, general and administrative expense:



	Three Months Ended March 31,
(Dollars in millions)	2016		2015
Stock options	$	0.4	$	0.5
Stock appreciation rights	0.4		—
Restricted stock units	4.7		1.2
Performance-based restricted stock units	1.6		0.6
Cash-settled performance-based restricted stock units	4.8		—
Total stock-based compensation expense	$	11.9	$	2.3

The Company did not realize any excess tax benefit for tax deductions from the stock-based compensation plan in the three-month periods ended March 31, 2016 and 2015.

Stock Options

A summary of stock option award activity for the three-month period ended March 31, 2016 is presented below:



	Stock Options
	Number of Stock Options		Weighted-Average Exercise Price		Exercise Price Range	Weighted- Average Grant Date Fair Value		Weighted-Average Remaining Term


Outstanding at December 31, 2015	2,004,280		$	16.66	$2.68 - $31.88	$	6.06	4.57
Exercised	(97,565	)	19.91		$2.68 - $25.18	6.90
Forfeited or expired	(180,848	)	29.70		$27.69 - $29.79	1.53
Outstanding at March 31, 2016	1,725,867		$	15.11	$3.88 - $31.88	$	6.54	4.96
Options exercisable at March 31, 2016	1,408,612		$	14.76	$3.88 - $31.88	$	6.01	4.50

As of March 31, 2016, the Company had 1,408,612 options vested and exercisable and $1.9 million of unrecognized compensation cost related to stock options. The intrinsic value of options vested and exercisable at March 31, 2016 was $22.5 million. The remaining estimated compensation expense related to the existing stock options is as follows:



(Dollars in millions)	2016		2017		2018		2019
Remaining estimated compensation expense related to existing stock options	$	0.8	$	0.6	$	0.4	$	0.1

The total intrinsic value of options exercised during the three-month periods ended March 31, 2016 and 2015 was $0.8 million and $0.3 million, respectively. The total cash received from options exercised was $1.9 million and $0.1 million during the three-month periods ending March 31, 2016 and 2015, respectively.

Stock Appreciation Rights

In connection with the Con-way transaction, the Company assumed all stock appreciation rights ("SARs") held by Con-way employees. Each SAR was converted into an equivalent number of SARs with the same terms and conditions as were applicable prior to the acquisition. All converted SARs were fully vested as of the acquisition date. The SARs are liability-classified awards, and as a result, the Company re-measures the fair value of the awards each reporting period until the awards are settled. The Company recognizes any changes in fair value as compensation cost in the current period. The ultimate expense recognized for the SARs is equal to the intrinsic value at settlement. At March 31, 2016 and December 31, 2015, the Company had recognized accrued liabilities for cash-settled SARs of $2.3 million and $1.9 million, respectively, using a weighted-average fair value per SAR of $16.55 and $13.45, respectively.

The following table summarizes SAR activity for the three-month period ended March 31, 2016:



	Stock Appreciation Rights
	Number of Rights		Weighted-Average Exercise Price		Weighted-Average Remaining Term


Outstanding at December 31, 2015	143,603		$	15.61	1.79
Exercised	(6,299	)	15.61		—
Outstanding at March 31, 2016	137,304		$	15.61	1.43
SARs exercisable at March 31, 2016	137,304		15.61		1.43

The intrinsic value of SARs outstanding and exercisable at March 31, 2016 was $2.1 million.

Restricted Stock Units and Performance-based Restricted Stock Units

A summary of restricted stock units ("RSU") and performance-based restricted stock units ("PRSU") award activity for the three-month period ended March 31, 2016 is presented below:



	Restricted Stock Units				Performance-based Restricted Stock Units
	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Value		Number of Performance-based Restricted Stock Units		Weighted-Average Grant Date Fair Value


Outstanding at December 31, 2015	1,558,441		$	23.01	1,987,060		$	21.47
Granted	45,507		26.47		—		—
Vested	(95,220	)	30.17		(103,530	)	32.47
Forfeited	(79,816	)	26.02		(14,505	)	30.03
Outstanding at March 31, 2016	1,428,912		$	22.49	1,869,025		$	18.21

The total fair value of RSUs vested during the three-month periods ended March 31, 2016 and 2015 was $2.5 million and $1.3 million, respectively. Of the 1,428,912 outstanding RSUs, 1,229,948 vest subject to service conditions and 198,964 vest subject to service and market conditions.

The total fair value of PRSUs vested during the three-month period ended March 31, 2016 was $2.3 million. Of the 1,869,025 outstanding PRSUs, 1,632,869 vest subject to service and a combination of market and performance conditions and 236,156 vest subject to service and performance conditions.

As of March 31, 2016, the Company had approximately $20.9 million of unrecognized compensation cost related to non-vested RSU and PRSU compensation that is anticipated to be recognized over a weighted-average period of approximately 2.26 years. Remaining estimated compensation expense related to outstanding RSUs and PRSUs is as follows:



(Dollars in millions)	2016		2017		2018		2019		2020 and Thereafter
Remaining estimated compensation expense related to outstanding RSUs and PRSUs deemed probable	$	10.8	$	5.8	$	2.5	$	0.4	$	1.4

The remaining estimated compensation expense excludes the impact of $21.2 million of unrecognized compensation cost related to PRSUs not deemed probable as of March 31, 2016.

Cash-settled Performance-based Restricted Stock Units

In February 2016, the Company entered into Employment Agreements (the "Agreements") with certain executive officers. The Agreements provide for cash-settled PRSU grants under the XPO Logistics Inc. Amended and Restated 2011 Omnibus Incentive Compensation Plan to each of the executive officers effective February 9, 2016. Twenty-five percent of the PRSUs vest and are settled in cash on each of the first four anniversaries of the grant, subject to the officer's continued employment through the applicable anniversary and achievement of certain performance targets for each tranche. Cash-settled PRSU awards are measured at fair value initially based on the closing price of the Company’s common stock at the date of grant and are required to be re-measured to fair value at each reporting date until settlement. Compensation expense for cash-settled PRSUs is recognized over the applicable performance periods based on the probability of achievement of the performance conditions and the closing price of the Company’s common stock at each balance sheet date. The cost of a probable cash-settled PRSU award is recorded as a liability until settled. At March 31, 2016, the Company had recognized accrued liabilities for cash-settled PRSUs of $4.8 million using a weighted-average fair value per PRSU of $30.70.

The following table summarizes cash-settled PRSU activity for the three-month period ended March 31, 2016:



	Cash-settled Performance-based Restricted Stock Units
	Number of Cash-settled Performance-based Restricted Stock Units	Weighted-Average Fair Value


Outstanding at December 31, 2015	—	$	—
Granted	2,486,912	22.92
Outstanding at March 31, 2016	2,486,912	$	30.70

As of March 31, 2016, the Company had approximately $71.6 million of unrecognized compensation cost related to non-vested cash-settled PRSU compensation that is anticipated to be recognized over a weighted-average period of approximately 3.75 years.

Remaining estimated compensation expense related to outstanding cash-settled PRSUs is as follows:



(Dollars in millions)	2016		2017		2018		2019
Remaining estimated compensation expense related to outstanding cash-settled PRSUs	$	14.3	$	19.1	$	19.1	$	19.1

The above amounts of unrecognized compensation expense are estimated based on the assumed achievement of each performance target and the market value of the Company's common stock at March 31, 2016 and will vary based on changes in the Company's common stock price and probability of achievement of performance targets in future periods.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2016, the Company recorded an income tax benefit of $15.7 million yielding an effective tax rate of 44.9%. The effective tax rate differs from the U.S. statutory rate of 35% in the three-month period ended March 31, 2016 primarily due to an increase in valuation allowances established on state and foreign net operating losses where is it more likely than not the deferred tax assets will not be utilized, non-deductible transaction costs and the mix of income among the jurisdictions in which the Company does business with statutory tax rates that differ from the U.S. rate. For the three months ended March 31, 2015, the Company recorded an income tax benefit of $13.6 million yielding an effective tax rate of 48.1%. The effective tax rate differs from the U.S. statutory rate of 35% in the three-month period ended March 31, 2015 primarily due to the non-taxable nature of a holdback liability release related to the initial acquisition of the Company's last mile logistics platform, a change in estimate of realization on prior tax positions, and the change in the mix or income among the jurisdictions in which the Company does business. The Company had valuation allowances of approximately $71.1 million and $67.6 million as of March 31, 2016 and December 31, 2015, respectively, on the deferred tax assets generated for federal, state and foreign net operating losses where it is more likely than not that the deferred tax assets will not be utilized. There is no portion of these valuation allowances representing activity reported in other comprehensive income as of March 31, 2016 or December 31, 2015. In evaluating the Company’s ability to realize its deferred income tax assets, the Company considers all available positive and negative evidence, including operating results, ongoing tax planning, and the reversal of deferred tax liabilities on a jurisdiction by jurisdiction basis. In general, it is the practice and intention of the Company to reinvest the earnings of its non-U.S. subsidiaries in those operations. As of March 31, 2016, the Company has not made a provision for U.S. or additional foreign withholding taxes for financial reporting over the tax basis of investments in foreign subsidiaries that the Company considers to be indefinitely reinvested, if any exists, except on those earnings that are subject to U.S. tax without regard to whether those earnings are actually distributed. Generally, such amounts become subject to U.S. taxation upon the remittance of dividends and under certain other circumstances. It is not practicable to estimate the amount of unrecorded deferred tax liability related to investments in these foreign subsidiaries.

Derivative Instruments

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

In the normal course of business, the Company is exposed to certain risks arising from business operations and economic factors, including fluctuations in interest rates and foreign currencies. To manage the volatility related to exposure to fluctuations in interest rates and foreign currencies, the Company uses derivative instruments. The objective of the derivative instruments is to reduce fluctuations in earnings and cash flows associated with changes in foreign currency rates and interest rates. These financial instruments are not used for trading or other speculative purposes. The Company has not historically incurred, and does not expect to incur in the future, any losses as a result of counterparty default.

The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes linking cash flow hedges to specific forecasted transactions or variability of cash flow to be paid. The Company also formally assesses, both at the hedge's inception and on an ongoing basis, whether the designated derivative instruments that are used in hedging transactions are highly effective in offsetting changes in cash flow of hedged items. When a derivative instrument is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable, hedge accounting is discontinued prospectively.

The following table presents the location on the consolidated balance sheets in which the Company’s derivative and nonderivative instruments have been recognized, the fair value hierarchy level applicable to each type of derivative and nonderivative instrument, and the related notional amounts and fair values as of March 31, 2016:



(Dollars in millions)	Balance Sheet Location	Fair Value Hierarchy Level	Notional Amount		Fair Value
Derivatives designated as hedges:
Cross-currency swap agreements	Other long-term liabilities	Level 2	$	730.9	$	(32.6	)
Interest rate swaps	Other current liabilities Other long-term liabilities	Level 2	216.3		(6.0		)
Derivatives not designated as hedges:
Interest rate swaps	Other current liabilities Other long-term liabilities	Level 2	68.3		(0.9		)
Foreign currency option contracts	Other current liabilities	Level 2	221.7		(1.7		)
Foreign currency forward contracts	Other current liabilities	Level 2	80.8		(1.6		)
Total					$	(42.8	)

The following table indicates the amount of gains/(losses) that have been recognized in accumulated other comprehensive loss in the consolidated balance sheets and gains/(losses) recognized in net loss in the consolidated statements of operations for the three-month periods ended March 31, 2016 and 2015 for derivative and nonderivative instruments:



	Recognized in Accumulated Other Comprehensive Loss					Recognized in Net Loss
(Dollars in millions)	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015		Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Derivatives designated as hedges:
Cross-currency swap agreements	$	(32.8	)	$	—	$	—		$	—
Interest rate swaps	1.1			—		—			—
Derivatives not designated as hedges:
Interest rate swaps	—			—		0.2			—
Foreign currency option contracts	—			—		(0.8		)	—
Foreign currency forward contracts	—			—		(1.6		)	—
Nonderivatives designated as hedges:
Foreign currency denominated notes	(1.7		)	—		—			—
Total	$	(33.4	)	$	—	$	(2.2	)	$	—

Hedge of Net Investments in Foreign Operations

In connection with the issuance of the Senior Notes due 2022, the Company entered into certain cross-currency swap agreements to manage the related foreign currency exchange risk by effectively converting a portion of the fixed-rate USD-denominated Senior Notes due 2022, including the semi-annual interest payments, to fixed-rate, EUR-denominated debt. The risk management objective is to manage foreign currency risk relating to net investments in subsidiaries denominated in foreign currencies and reduce the variability in the functional currency equivalent cash flows of a portion of the Senior Notes due 2022. During the term of the swap contracts, the Company will receive semi-annual interest payments in June and December of each year from the counterparties based on USD fixed interest rates, and the Company will make semi-annual interest payments in June and December of each year to the counterparties based on EUR fixed interest rates. At maturity, the Company will repay the original principal amount in EUR and receive the principal amount in USD. The Company has designated the cross-currency swap agreements as qualifying hedging instruments and is accounting for these as net investment hedges. The gains and losses resulting from fair value adjustments to the cross-currency swap agreements are recorded in accumulated other comprehensive income to the extent that the cross-currency swaps are effective in hedging the designated risk. The Company did not record any ineffectiveness for the three-month period ended March 31, 2016. Cash flows related to the cross-currency swaps are included in operating activities on the consolidated statements of cash flows. The Company does not expect amounts that are currently deferred in accumulated other comprehensive income to be reclassified to income over the next 12 months. The Company did not have cross-currency swap agreements in the three-month period ended March 31, 2015.

In addition to the cross-currency swaps, the Company uses foreign currency denominated notes as nonderivative hedging instruments of its net investments in foreign operations. During the first quarter of 2016, the Company designated $37.6 million of its Senior Notes due 2021 included in long-term debt on the consolidated balance sheets as a net investment hedge of its investments in international subsidiaries that use the EUR as their functional currency. The gains and losses resulting from the exchange rate adjustments to the designated portion of the foreign currency denominated notes are recorded in accumulated other comprehensive income to the extent that the foreign currency denominated notes are effective in hedging the designated risk. The Company did not record any ineffectiveness for the three-month period ended March 31, 2016. The Company does not expect amounts that are currently deferred in accumulated other comprehensive income to be reclassified to income over the next 12 months. The Company did not have foreign currency denominated notes in the three-month period ended March 31, 2015.

Interest Rate Hedging

In order to mitigate variability in forecasted interest payments on the Company’s EUR-denominated asset financings that are based on benchmark interest rates (e.g., Euribor), the Company has entered into interest rate swaps. The objective is for the cash flows of the interest rate swaps to offset any changes in cash flows of the forecasted interest payments attributable to changes in the benchmark interest rate. The interest rate swaps convert floating rate interest payments into fixed rate interest payments. The Company has designated the interest rate swaps as qualifying hedging instruments and is accounting for these as cash flow hedges of the forecasted obligations. The gains and losses resulting from fair value adjustments to the interest rate swaps are recorded in accumulated other comprehensive income to the extent that the interest rate swaps are effective in hedging the designated risk. The gains and losses will be reclassified from accumulated other comprehensive income to interest expense on the dates that interest payments accrue, or when the hedged item becomes probable not to occur. The Company is hedging its exposure to the variability in future cash flows for forecasted interest payments through December 2017. At March 31, 2016, a notional amount of $68.3 million of the Company's interest rate swaps are classified as derivatives not designated as hedges. Cash flows related to the interest rate swaps are included in operating activities on the consolidated statements of cash flows. The Company expects an inconsequential amount that is currently deferred in accumulated other comprehensive income to be reclassified to income during the year ended December 31, 2016. The Company did not have interest rate swaps in the three-month period ended March 31, 2015.

Foreign Currency Option and Forward Contracts

In order to mitigate against the risk of a reduction in the value of foreign currency earnings before interest, taxes, depreciation and amortization ("EBITDA") from the Company’s international operations with the EUR and GBP as the functional currency, the Company uses foreign currency option and forward contracts. The foreign currency contracts are not designated as qualifying hedging instruments as of March 31, 2016. The contracts are not speculative and are used to manage the Company’s exposure to foreign currency exchange rate fluctuations and other identified risks. The contracts expire in 12 months or less. Gains or losses on the contracts are recorded in other expense in the consolidated statements of operations. Cash flows related to the foreign currency contracts are included in operating activities on the consolidated statements of cash flows. The risk of loss associated with the option contracts is limited to the premium amounts payable. The Company did not have foreign currency option or forward contracts in the three-month period ended March 31, 2015.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Topic 815
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-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 815
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 815
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

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-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SX 210.4-08.(n))
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+ Details

Variable Interest Entities and Joint Ventures

3 Months Ended

Mar. 31, 2016

Variable Interest Entities [Abstract]

Variable Interest Entities and Joint Ventures

The Company consolidates variable interest entities (“VIEs”) and certain joint ventures ("JVs") because it has the power to direct the activities that significantly affect the VIEs' and JVs' economic performance, including having operational control over each VIE and JV and operating the VIEs under the XPO brand. The VIEs and JVs provide logistics services for their customers. Investors in these entities only have recourse to the assets owned by the entity and not to the Company’s general credit. The Company does not have implicit support arrangements with any VIE. Assets and liabilities of consolidated VIEs and JVs is outlined in the table below.



(Dollars in millions)	March 31, 2016		December 31, 2015
Assets
Cash and cash equivalents	$	14.6	$	14.3
Accounts receivable, net of allowance	60.4		54.7
Other current assets	4.8		3.8
Property and equipment, net of accumulated depreciation	3.7		4.8
Other long-term assets	5.3		3.0
Total	$	88.8	$	80.6

Liabilities
Accounts payable	$	45.4	$	44.9
Accrued expenses, other	10.8		8.1
Other current liabilities	9.4		8.9
Other long-term liabilities	10.4		5.2
Total	$	76.0	$	67.1

Total revenue from the Company’s consolidated VIEs and JVs was $74.1 million in the three-month period ended March 31, 2016. Related expenses for the Company’s consolidated VIEs and JVs consisted of operating expenses of $72.0 million in the three-month period ended March 31, 2016, and tax expense of $0.5 million in the three-month period ended March 31, 2016. The Company did not have any VIEs or JVs prior to its June 2015 acquisition of ND.

Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings per Share

Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share are computed by dividing net income attributable to common shareholders by the combined weighted-average number of shares of common stock outstanding and the potential dilution of stock options, warrants, RSUs, PRSUs, Convertible Notes and the Company’s Series A Convertible Perpetual Preferred Stock, par value $0.001 per share, outstanding during the period, if dilutive. The weighted-average of potentially dilutive securities excluded from the computation of diluted earnings per share is shown in the table below.



	Three Months Ended March 31,
	2016	2015
Basic weighted average common stock outstanding	109,628,094	78,825,639
Potentially dilutive securities:
Shares underlying the conversion of preferred stock to common stock	10,412,145	10,476,430
Shares underlying the conversion of the convertible senior notes	3,180,806	5,171,353
Shares underlying warrants to purchase common stock	7,557,370	8,776,365
Shares underlying stock options to purchase common stock	570,684	633,392
Shares underlying restricted stock units and performance-based restricted stock units	1,607,032	1,025,632
	23,328,037	26,083,172
Diluted weighted average shares outstanding	132,956,131	104,908,811

The impact of this dilution was not reflected in the earnings per share calculations in the consolidated statements of operations because the impact was anti-dilutive. The treasury stock method was used to determine the shares underlying warrants, stock options, RSUs and PRSUs for potential dilution with an average market price of $25.21 per share and $41.90 per share for the three-month periods ended March 31, 2016 and 2015, respectively.

Segment Reporting

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

The Company determines its operating segments based on the information utilized by the chief operating decision maker, the Company’s Chief Executive Officer, to allocate resources and assess performance. Based on this information, the Company has determined that it has two operating segments and two reportable segments. The Company’s operating and reportable segments are Transportation and Logistics.

These reportable segments are strategic business units through which the Company offers different services. The Company

evaluates the performance of the segments primarily based on their respective net operating margins, as well as revenues, net revenue margin and operating income. Accordingly, interest expense and other non-operating items are not reported in segment results. In addition, the Company has disclosed corporate amounts, which are not related to an operating segment and includes 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 technology services and depreciation of technology fixed assets, as well as centralized recruiting and training resources. Intercompany transactions have been eliminated in the consolidated balance sheets and results of operations. Intra-segment transactions have been eliminated in the reportable segment results of operations, whereas inter-segment transactions represent a reconciling item to consolidated results as shown below.

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 various financial measures of the respective business segments. The chief operating decision maker does not review assets by segment for purposes of allocating resources and therefore assets by segment are not disclosed.

The following schedule identifies selected financial data for the three-month periods ended March 31, 2016 and 2015, respectively:



(Dollars in millions)	Transportation		Logistics		Corporate			Eliminations			Total
Three Months Ended March 31, 2016
Revenue	$	2,297.4	$	1,260.7	$	—		$	(12.4	)	$	3,545.7
Operating income (loss)	75.4		31.9		(44.9		)	—			62.4
Depreciation and amortization	114.6		47.1		0.4			—			162.1
Interest expense	—		—		93.1			—			93.1
Income tax benefit	—		—		(15.7		)	—			(15.7		)
Goodwill	2,629.6		2,157.4		—			—			4,787.0

Three Months Ended March 31, 2015
Revenue	$	562.2	$	140.8	$	—		$	—		$	703.0
Operating income (loss)	3.6		6.4		(14.8		)	—			(4.8		)
Depreciation and amortization	19.7		13.7		0.4			—			33.8
Interest expense	—		—		23.1			—			23.1
Income tax benefit	—		—		(13.6		)	—			(13.6		)
Goodwill	614.7		353.1		—			—			967.8

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions For the three-month periods ended March 31, 2016 and 2015, the Company leased office space from three entities partially owned and controlled by Louis DeJoy, the former chief executive officer of the Company's North American supply chain business, who was elected as a member of the Company's Board of Directors on December 3, 2015. The non-cancellable lease agreements for these entities expire at various dates in 2019. Each lease agreement provides the Company, as tenant, with two five-year option periods to extend the lease term. The Company made rent payments associated with these lease agreements in the amounts of $0.5 million and $0.5 million for the three-month periods ended March 31, 2016 and 2015, respectively. In addition, the Company paid operating expenses in connection with these leased properties of $0.1 million and $0.1 million for the three months ended March 31, 2016 and 2015, respectively. For the three-months period ended March 31, 2016, the Company provided certain air charter schedule recovery services to Ameriflight, LLC ("Ameriflight"), a regional air cargo carrier. James J. Martell, a member of the Company's Board of Directors, owns and serves as the executive chairman of Ameriflight. The Company provides its services to Ameriflight on a transactional basis without a written contract. The Company received payments from Ameriflight or its affiliates in an amount of approximately $0.3 million for the three-month period ended March 31, 2016. The Company did not receive payments from Ameriflight or its affiliates in the three-month period ended March 31, 2015.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Basis of Presentation and Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation

Intangible Assets with Definite Lives



Classification	Estimated Useful Life	Weighted-Average Amortization Period
Customer relationships	1.5 to 16 years	13.33 years
Trade names	1.2 to 3.5 years	2.86 years
Non-compete agreements	Term of agreement	4.57 years
Other intangible assets	1.5 to 5 years	4.24 years

Fair Value Measurements


•	Level 1—Quoted prices for identical instruments in active markets;


•	Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and


•	Level 3—Valuations based on inputs that are unobservable, generally utilizing pricing models or other valuation techniques that reflect management’s judgment and estimates.

Estimated Fair Value of Financial Instruments

New Accounting Standards

Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Schedule of Other Current Assets

The following table outlines the Company’s other current assets:



(Dollars in millions)	March 31, 2016		December 31, 2015
Prepaid expenses	$	180.2	$	142.3
Value-added tax and income tax receivables	111.7		115.8
Miscellaneous receivables	95.1		50.5
Inventory	50.6		48.9
Fixed assets held for sale	18.4		—
Other current assets	41.0		43.5
Total Other Current Assets	$	497.0	$	401.0

Estimated Useful Life Of Intangible Assets

The range of estimated useful lives and the weighted-average useful lives of the respective intangible assets by type are as follows:



Classification	Estimated Useful Life	Weighted-Average Amortization Period
Customer relationships	1.5 to 16 years	13.33 years
Trade names	1.2 to 3.5 years	2.86 years
Non-compete agreements	Term of agreement	4.57 years
Other intangible assets	1.5 to 5 years	4.24 years

Summary of Accrued Expenses

The following table outlines the Company’s accrued expenses:



(Dollars in millions)	March 31, 2016		December 31, 2015
Accrued salaries and wages	$	503.3	$	558.6
Accrued transportation and facility charges	173.2		156.1
Accrued value-added tax and other taxes	169.1		153.3
Accrued insurance claims	107.8		95.3
Accrued estimated litigation liabilities	84.2		66.1
Accrued interest	74.2		56.8
Accrued purchased services	45.1		42.0
Accrued short-term restructuring costs	44.1		46.8
Accrued cash-settled restricted stock	18.6		19.3
Other accrued expenses	132.7		97.5
Total Accrued Expenses	$	1,352.3	$	1,291.8

Summary of Other Current Liabilities

The following table outlines the Company’s other current liabilities:



(Dollars in millions)	March 31, 2016		December 31, 2015
Deferred revenue	$	52.9	$	62.4
Bank overdrafts	48.8		29.5
Employee benefits	35.4		38.7
Acquisition earn-out liability	21.8		21.8
Litigation costs	17.4		22.1
Income taxes payable	13.9		—
Current portion of interest rate swap liability	4.9		5.2
Other current liabilities	33.5		23.9
Total Other Current Liabilities	$	228.6	$	203.6

Schedule of Carrying Value and Estimated Fair Value of Financial Instruments

The following table summarizes the carrying value and valuation of financial instruments within the fair value hierarchy:



	March 31, 2016
(Dollars in millions)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents	$	93.3	$	93.3	$	29.6	$	63.7	$	—
Financial Liabilities:
Senior Notes due 2022	1,577.7		1,568.0		1,568.0		—		—
Senior Notes due 2021	561.5		541.5		—		541.5		—
Senior Notes due 2019	900.3		936.0		936.0		—		—
Senior Notes due 2018	268.0		272.1		272.1		—		—
Term loan facility	1,537.9		1,600.0		—		1,600.0		—
Senior Debentures due 2034	199.5		219.0		219.0		—		—
Convertible senior notes	47.5		98.9		98.9		—		—
Euro private placement notes due 2020	15.0		14.9		—		14.9		—
Derivative instruments	42.8		42.8		—		42.8		—

	December 31, 2015
(Dollars in millions)	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash equivalents	$	83.2	$	83.2	$	9.1	$	74.1	$	—
Financial Liabilities:
Senior Notes due 2022	1,577.0		1,479.8		1,479.8		—		—
Senior Notes due 2021	536.6		507.5		—		507.5		—
Senior Notes due 2019	900.4		920.3		920.3		—		—
Senior Notes due 2018	268.2		271.0		—		271.0		—
Term loan facility	1,540.3		1,590.0		—		1,590.0		—
Senior Debentures due 2034	199.0		201.0		—		201.0		—
Convertible senior notes	46.8		89.1		89.1		—		—
Euro private placement notes due 2020	14.5		13.9		—		13.9		—
Derivative instruments	8.8		8.8		—		8.8		—

Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Business Acquisition [Line Items]

Business Acquisition Pro Forma Information



	Historical Three Months Ended			Pro Forma Three Months Ended
(Dollars in millions, except per share data)	March 31, 2016			March 31, 2015
Revenue	$	3,545.7		$	3,542.3
Operating income	$	62.4		$	52.2
Net loss attributable to common shareholders	$	(23.2	)	$	(34.9	)
Basic loss per share	$	(0.21	)	$	(0.33	)
Diluted loss per share	$	(0.21	)	$	(0.33	)

Con-Way

Business Acquisition [Line Items]

Schedule of Fair Value of Consideration Transferred



(Dollars in millions)
Cash consideration	$	2,706.6
Liability for equity award settlement	30.9
Portion of replacement equity awards attributable to pre-acquisition service	17.6
Cash acquired	(437.3		)
Total consideration	$	2,317.8

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of October 30, 2015:



(Dollars in millions)
Consideration	$	2,317.8
Accounts receivable	670.1
Other current assets	129.9
Property and equipment	1,892.3
Trade name	5.6
Customer relationships	641.0
Other long-term assets	48.5
Accounts payable	(354.6		)
Accrued expenses	(383.5		)
Other current liabilities	(27.5		)
Long-term debt	(640.6		)
Deferred tax liabilities	(619.4		)
Employee benefit obligations	(153.5		)
Other long-term liabilities	(197.4		)
Goodwill	$	1,306.9

Business Acquisition [Line Items]

Schedule of Fair Value of Consideration Transferred

Total consideration is summarized in the table below in Euros ("EUR") and USD:



(In millions)	In EUR			In USD
Cash consideration	€	1,437.0		$	1,603.9
Liability for performance share settlement	11.8			13.2
Repayment of indebtedness	628.5			705.0
Noncontrolling interests	702.5			784.2
Cash acquired	(134.6		)	(151.0		)
Total consideration	€	2,645.2		$	2,955.3

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of June 8, 2015:



(Dollars in millions)
Consideration	$	2,955.3
Accounts receivable	1,060.4
Other current assets	350.1
Deferred tax assets	27.2
Property and equipment	730.7
Trade name covenants	40.0
Non-compete agreements	5.6
Customer relationships	827.0
Other long-term assets	63.6
Accounts payable	(804.1		)
Accrued expenses	(422.8		)
Other current liabilities	(164.6		)
Long-term debt	(643.4		)
Deferred tax liabilities	(245.5		)
Employee benefit obligations	(142.3		)
Other long-term liabilities	(148.8		)
Noncontrolling interests	(37.2		)
Goodwill	$	2,459.4

Restructuring Charges (Tables)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Summary of Restructuring Reserve



			Three months ended March 31, 2016
(Dollars in millions)	Reserve Balance at December 31, 2015		Charges Incurred		Payments			Reserve Balance at March 31, 2016
Transportation
Contract termination	$	0.1	$	0.2	$	—		$	0.3
Facilities	0.6		0.1		(0.2		)	0.5
Severance	26.7		0.4		(6.2		)	20.9
Total	27.4		0.7		(6.4		)	21.7
Logistics
Contract termination	0.8		0.4		(0.5		)	0.7
Severance	25.5		6.4		(4.8		)	27.1
Total	26.3		6.8		(5.3		)	27.8
Corporate
Contract termination	4.0		—		(1.2		)	2.8
Severance	3.5		—		(0.3		)	3.2
Total	7.5		—		(1.5		)	6.0
Total	$	61.2	$	7.5	$	(13.2	)	$	55.5

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

The following table outlines the Company’s property and equipment:



(Dollars in millions)	March 31, 2016			December 31, 2015
Property and Equipment
Land	$	363.6		$	359.5
Buildings and leasehold improvements	477.7			476.8
Vehicles, tractors, trailers and tankers	1,496.1			1,440.5
Machinery and equipment	342.2			325.9
Office and warehouse equipment	87.3			79.5
Computer software and equipment	403.3			379.3
	3,170.2			3,061.5
Less: Accumulated depreciation	(349.9		)	(209.3		)
Total Property and Equipment, net	$	2,820.3		$	2,852.2

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Identifiable Intangible Assets

The following table outlines the Company’s identifiable intangible assets:



	March 31, 2016				December 31, 2015
(Dollars in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived intangibles
Customer relationships	$	1,889.8	$	212.8	$	2,017.0	$	174.4
Trade name	52.1		33.7		51.0		29.1
Non-compete agreements	16.4		7.7		18.7		6.8
Carrier relationships	12.1		12.1		12.1		12.1
Other intangible assets	2.2		2.1		2.2		2.1
	$	1,972.6	$	268.4	$	2,101.0	$	224.5

Estimated Future Amortization Expense for Amortizable Intangible Assets

Estimated future amortization expense for intangible assets for the remaining nine months of 2016 and next four years is as follows:



(Dollars in millions)	2016		2017		2018		2019		2020
Estimated amortization expense	$	133.8	$	166.1	$	158.1	$	151.8	$	145.7

Goodwill (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill



(Dollars in millions)	Transportation			Logistics			Total
Goodwill at December 31, 2015	$	2,504.7		$	2,105.9		$	4,610.6
Property and equipment and intangible asset fair value adjustments	145.2			37.4			182.6
Deferred tax adjustments	(58.0		)	(18.5		)	(76.5		)
Litigation liability adjustments, net of tax	13.7			0.6			14.3
Impact of foreign exchange translation	19.9			30.9			50.8
Other adjustments	4.1			1.1			5.2
Goodwill at March 31, 2016	$	2,629.6		$	2,157.4		$	4,787.0

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2016

Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Periodic Benefit Costs

The following table outlines the amount of net periodic benefit expense for the three-month period ended March 31, 2016:



(Dollars in millions)	U.S. Qualified Plans			U.S. Non-Qualified Plans		UK Plans
Net periodic benefit expense (income):
Interest cost	$	19.0		$	0.8	$	11.5
Expected return on plan assets	(22.1		)	—		(14.9		)
Net periodic benefit expense (income)	$	(3.1	)	$	0.8	$	(3.4	)

Postretirement Health Coverage

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Periodic Benefit Costs

The following table sets forth the amount of net periodic benefit expense for the three-month period ended March 31, 2016:



(Dollars in millions)	Three Months Ended March 31, 2016
Net periodic benefit expense:
Service cost - benefits earned during the year	$	0.2
Interest cost on projected benefit obligation	0.5
Net periodic benefit expense	$	0.7

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Allocated Share-based Compensation Expense



	Three Months Ended March 31,
(Dollars in millions)	2016		2015
Stock options	$	0.4	$	0.5
Stock appreciation rights	0.4		—
Restricted stock units	4.7		1.2
Performance-based restricted stock units	1.6		0.6
Cash-settled performance-based restricted stock units	4.8		—
Total stock-based compensation expense	$	11.9	$	2.3

Share-based Compensation, Performance Shares Award Outstanding Activity

The following table summarizes cash-settled PRSU activity for the three-month period ended March 31, 2016:



	Cash-settled Performance-based Restricted Stock Units
	Number of Cash-settled Performance-based Restricted Stock Units	Weighted-Average Fair Value


Outstanding at December 31, 2015	—	$	—
Granted	2,486,912	22.92
Outstanding at March 31, 2016	2,486,912	$	30.70

Stock options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Equity Awards Outstanding and Exercisable

A summary of stock option award activity for the three-month period ended March 31, 2016 is presented below:



	Stock Options
	Number of Stock Options		Weighted-Average Exercise Price		Exercise Price Range	Weighted- Average Grant Date Fair Value		Weighted-Average Remaining Term


Outstanding at December 31, 2015	2,004,280		$	16.66	$2.68 - $31.88	$	6.06	4.57
Exercised	(97,565	)	19.91		$2.68 - $25.18	6.90
Forfeited or expired	(180,848	)	29.70		$27.69 - $29.79	1.53
Outstanding at March 31, 2016	1,725,867		$	15.11	$3.88 - $31.88	$	6.54	4.96
Options exercisable at March 31, 2016	1,408,612		$	14.76	$3.88 - $31.88	$	6.01	4.50

Schedule Of Estimated Remaining Share Based Compensation Expense

The remaining estimated compensation expense related to the existing stock options is as follows:



(Dollars in millions)	2016		2017		2018		2019
Remaining estimated compensation expense related to existing stock options	$	0.8	$	0.6	$	0.4	$	0.1

Stock appreciation rights

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Equity Awards Outstanding and Exercisable

The following table summarizes SAR activity for the three-month period ended March 31, 2016:



	Stock Appreciation Rights
	Number of Rights		Weighted-Average Exercise Price		Weighted-Average Remaining Term


Outstanding at December 31, 2015	143,603		$	15.61	1.79
Exercised	(6,299	)	15.61		—
Outstanding at March 31, 2016	137,304		$	15.61	1.43
SARs exercisable at March 31, 2016	137,304		15.61		1.43

Restricted Stock Units and Performance-based Restricted Stock Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Equity Awards Outstanding and Exercisable

A summary of restricted stock units ("RSU") and performance-based restricted stock units ("PRSU") award activity for the three-month period ended March 31, 2016 is presented below:



	Restricted Stock Units				Performance-based Restricted Stock Units
	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Value		Number of Performance-based Restricted Stock Units		Weighted-Average Grant Date Fair Value


Outstanding at December 31, 2015	1,558,441		$	23.01	1,987,060		$	21.47
Granted	45,507		26.47		—		—
Vested	(95,220	)	30.17		(103,530	)	32.47
Forfeited	(79,816	)	26.02		(14,505	)	30.03
Outstanding at March 31, 2016	1,428,912		$	22.49	1,869,025		$	18.21

Schedule Of Estimated Remaining Share Based Compensation Expense

Remaining estimated compensation expense related to outstanding RSUs and PRSUs is as follows:



(Dollars in millions)	2016		2017		2018		2019		2020 and Thereafter
Remaining estimated compensation expense related to outstanding RSUs and PRSUs deemed probable	$	10.8	$	5.8	$	2.5	$	0.4	$	1.4

Cash-settled performance-based restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule Of Estimated Remaining Share Based Compensation Expense

Remaining estimated compensation expense related to outstanding cash-settled PRSUs is as follows:



(Dollars in millions)	2016		2017		2018		2019
Remaining estimated compensation expense related to outstanding cash-settled PRSUs	$	14.3	$	19.1	$	19.1	$	19.1

Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Measured at Fair Value in Statement of Financial Position



(Dollars in millions)	Balance Sheet Location	Fair Value Hierarchy Level	Notional Amount		Fair Value
Derivatives designated as hedges:
Cross-currency swap agreements	Other long-term liabilities	Level 2	$	730.9	$	(32.6	)
Interest rate swaps	Other current liabilities Other long-term liabilities	Level 2	216.3		(6.0		)
Derivatives not designated as hedges:
Interest rate swaps	Other current liabilities Other long-term liabilities	Level 2	68.3		(0.9		)
Foreign currency option contracts	Other current liabilities	Level 2	221.7		(1.7		)
Foreign currency forward contracts	Other current liabilities	Level 2	80.8		(1.6		)
Total					$	(42.8	)

Schedule of Gains and Losses Recognized on the Balance Sheet for Derivative Instruments



	Recognized in Accumulated Other Comprehensive Loss					Recognized in Net Loss
(Dollars in millions)	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015		Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Derivatives designated as hedges:
Cross-currency swap agreements	$	(32.8	)	$	—	$	—		$	—
Interest rate swaps	1.1			—		—			—
Derivatives not designated as hedges:
Interest rate swaps	—			—		0.2			—
Foreign currency option contracts	—			—		(0.8		)	—
Foreign currency forward contracts	—			—		(1.6		)	—
Nonderivatives designated as hedges:
Foreign currency denominated notes	(1.7		)	—		—			—
Total	$	(33.4	)	$	—	$	(2.2	)	$	—

Variable Interest Entities and Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2016

Variable Interest Entities [Abstract]

Assets and Liabilities of Consolidated VIEs

Assets and liabilities of consolidated VIEs and JVs is outlined in the table below.



(Dollars in millions)	March 31, 2016		December 31, 2015
Assets
Cash and cash equivalents	$	14.6	$	14.3
Accounts receivable, net of allowance	60.4		54.7
Other current assets	4.8		3.8
Property and equipment, net of accumulated depreciation	3.7		4.8
Other long-term assets	5.3		3.0
Total	$	88.8	$	80.6

Liabilities
Accounts payable	$	45.4	$	44.9
Accrued expenses, other	10.8		8.1
Other current liabilities	9.4		8.9
Other long-term liabilities	10.4		5.2
Total	$	76.0	$	67.1

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted-average of potentially dilutive securities excluded from the computation of diluted earnings per share is shown in the table below.



	Three Months Ended March 31,
	2016	2015
Basic weighted average common stock outstanding	109,628,094	78,825,639
Potentially dilutive securities:
Shares underlying the conversion of preferred stock to common stock	10,412,145	10,476,430
Shares underlying the conversion of the convertible senior notes	3,180,806	5,171,353
Shares underlying warrants to purchase common stock	7,557,370	8,776,365
Shares underlying stock options to purchase common stock	570,684	633,392
Shares underlying restricted stock units and performance-based restricted stock units	1,607,032	1,025,632
	23,328,037	26,083,172
Diluted weighted average shares outstanding	132,956,131	104,908,811

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Selected Financial Data for Each of Operating Segments

The following schedule identifies selected financial data for the three-month periods ended March 31, 2016 and 2015, respectively:



(Dollars in millions)	Transportation		Logistics		Corporate			Eliminations			Total
Three Months Ended March 31, 2016
Revenue	$	2,297.4	$	1,260.7	$	—		$	(12.4	)	$	3,545.7
Operating income (loss)	75.4		31.9		(44.9		)	—			62.4
Depreciation and amortization	114.6		47.1		0.4			—			162.1
Interest expense	—		—		93.1			—			93.1
Income tax benefit	—		—		(15.7		)	—			(15.7		)
Goodwill	2,629.6		2,157.4		—			—			4,787.0

Three Months Ended March 31, 2015
Revenue	$	562.2	$	140.8	$	—		$	—		$	703.0
Operating income (loss)	3.6		6.4		(14.8		)	—			(4.8		)
Depreciation and amortization	19.7		13.7		0.4			—			33.8
Interest expense	—		—		23.1			—			23.1
Income tax benefit	—		—		(13.6		)	—			(13.6		)
Goodwill	614.7		353.1		—			—			967.8

Organization - Additional Information (Details)	3 Months Ended
Organization - Additional Information (Details)	Mar. 31, 2016 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Basis of Presentation and Significant Accounting Policies - Schedule of Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Prepaid expenses	$ 180.2	$ 142.3
Value-added tax and income tax receivables	111.7	115.8
Miscellaneous receivables	95.1	50.5
Inventory	50.6	48.9
Fixed assets held for sale	18.4	0.0
Other current assets	41.0	43.5
Total Other Current Assets	$ 497.0	$ 401.0

Basis of Presentation and Significant Accounting Policies - Schedule of Estimated Lives Of Intangible Assets (Details)	3 Months Ended
	Mar. 31, 2016
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 6 months
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	16 years
Customer relationships \| Weighted-Average
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period	13 years 4 months
Trade name \| Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 2 months 12 days
Trade name \| Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years 6 months
Trade name \| Weighted-Average
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period	2 years 10 months 10 days
Non-compete agreements \| Weighted-Average
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period	4 years 6 months 25 days
Other intangible assets \| Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 6 months
Other intangible assets \| Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Other intangible assets \| Weighted-Average
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Amortization Period	4 years 2 months 27 days

Basis of Presentation and Significant Accounting Policies - Summary of Accrued Expenses (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Accrued salaries and wages	$ 503.3	$ 558.6
Accrued transportation and facility charges	173.2	156.1
Accrued value-added tax and other taxes	169.1	153.3
Accrued insurance claims	107.8	95.3
Accrued purchased services	84.2	66.1
Accrued interest	74.2	56.8
Accrued purchased services	45.1	42.0
Accrued short-term restructuring costs	44.1	46.8
Accrued cash-settled restricted stock	18.6	19.3
Other accrued expenses	132.7	97.5
Total Accrued Expenses	$ 1,352.3	$ 1,291.8

Basis of Presentation and Significant Accounting Policies - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Deferred revenue	$ 52.9	$ 62.4
Bank overdrafts	48.8	29.5
Employee benefits	35.4	38.7
Acquisition earn-out liability	21.8	21.8
Litigation costs	17.4	22.1
Income taxes payable	13.9	0.0
Current portion of interest rate swap liability	4.9	5.2
Other current liabilities	33.5	23.9
Total Other Current Liabilities	$ 228.6	$ 203.6

Basis of Presentation and Significant Accounting Policies - Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Derivative instruments	$ 42.8	$ 8.8
Convertible senior notes
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Debt instrument, interest rate, stated percentage	4.50%
Long-term debt	$ 98.9	89.1
Senior Notes due 2022
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,568.0	1,479.8
Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	541.5	507.5
Senior Notes due 2019
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	936.0	920.3
Senior Notes due 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	272.1	271.0
Term loan facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,600.0	1,590.0
Senior Debentures due 2034
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	219.0	201.0
Euro private placement notes due 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	14.9	13.9
Level 1
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Derivative instruments	0.0	0.0
Level 1 \| Convertible senior notes
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	98.9	89.1
Level 1 \| Senior Notes due 2022
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,568.0	1,479.8
Level 1 \| Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 1 \| Senior Notes due 2019
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	936.0	920.3
Level 1 \| Senior Notes due 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	272.1	0.0
Level 1 \| Term loan facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 1 \| Senior Debentures due 2034
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	219.0	0.0
Level 1 \| Euro private placement notes due 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 2
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Derivative instruments	42.8	8.8
Level 2 \| Convertible senior notes
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 2 \| Senior Notes due 2022
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 2 \| Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	541.5	507.5
Level 2 \| Senior Notes due 2019
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 2 \| Senior Notes due 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	271.0
Level 2 \| Term loan facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,600.0	1,590.0
Level 2 \| Senior Debentures due 2034
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	201.0
Level 2 \| Euro private placement notes due 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	14.9	13.9
Level 3
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Derivative instruments	0.0	0.0
Level 3 \| Convertible senior notes
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Senior Notes due 2022
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Senior Notes due 2019
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Senior Notes due 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Term loan facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Senior Debentures due 2034
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Level 3 \| Euro private placement notes due 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	0.0	0.0
Cash equivalents
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	93.3	83.2
Cash equivalents \| Level 1
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	29.6	9.1
Cash equivalents \| Level 2
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	63.7	74.1
Cash equivalents \| Level 3
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	0.0	0.0
Carrying Value
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Derivative instruments	42.8	8.8
Carrying Value \| Convertible senior notes
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	47.5	46.8
Carrying Value \| Senior Notes due 2022
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,577.7	1,577.0
Carrying Value \| Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	561.5	536.6
Carrying Value \| Senior Notes due 2019
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	900.3	900.4
Carrying Value \| Senior Notes due 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	268.0	268.2
Carrying Value \| Term loan facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	1,537.9	1,540.3
Carrying Value \| Senior Debentures due 2034
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	199.5	199.0
Carrying Value \| Euro private placement notes due 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Long-term debt	15.0	14.5
Carrying Value \| Cash equivalents
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	$ 93.3	$ 83.2

Acquisitions - Con-way Inc. - Additional Information (Details) $ / shares in Units, employee in Thousands, customer in Thousands, $ in Millions			3 Months Ended
	Oct. 30, 2015 USD ($)	Sep. 09, 2015 USD ($) employee Location customer $ / shares shares	Mar. 31, 2016 USD ($) $ / shares	Dec. 31, 2015 USD ($) $ / shares	Mar. 31, 2015 USD ($)
Business Acquisition [Line Items]
Common stock, par value (in usd per share) \| $ / shares			$ 0.001	$ 0.001
Goodwill			$ 4,787.0	$ 4,610.6	$ 967.8
Con-Way
Business Acquisition [Line Items]
Number of locations where the entity operates \| Location		582
Number of employees \| employee		30
Number of customers (over) \| customer		36
Common stock, par value (in usd per share) \| $ / shares		$ 0.625
Common stock price per share (in usd per share) \| $ / shares		$ 47.60
Number of shares acquired that were validly tendered and not properly withdrawn \| shares		46,150,072
Percentage of shares validly tendered and not properly withdrawn acquired		81.10%
Number of shares with guaranteed delivery \| shares		1,793,225
Percentage of common stock acquired		3.20%
Consideration	$ 2,317.8
Business Combination, Consideration Transferred, Cash Acquired	437.3
Cash consideration	2,706.6
Portion of replacement equity awards attributable to pre-acquisition service	17.6
Liability for performance share settlement	30.9
Goodwill	$ 1,306.9
Increase (decrease) in depreciation and amortization			$ (5.8)
Con-Way \| Transportation
Business Acquisition [Line Items]
Goodwill		$ 1,025.7
Con-Way \| Logistics
Business Acquisition [Line Items]
Goodwill		$ 281.2

Acquisitions - Consideration (Details) € in Millions, $ in Millions	Oct. 30, 2015 USD ($)	Jun. 08, 2015 USD ($)	Jun. 08, 2015 EUR (€)
Con-Way
Business Acquisition [Line Items]
Cash consideration	$ 2,706.6
Liability for performance share settlement	30.9
Portion of replacement equity awards attributable to pre-acquisition service	17.6
Cash acquired	(437.3)
Total consideration	$ 2,317.8
ND
Business Acquisition [Line Items]
Cash consideration		$ 1,603.9	€ 1,437.0
Liability for performance share settlement		13.2	11.8
Repayment of indebtedness		705.0	628.5
Noncontrolling interests		784.2	702.5
Cash acquired		(151.0)	(134.6)
Total consideration		$ 2,955.3	€ 2,645.2

Acquisitions - Recognized Identified Assets Acquired and Liabilities Assumed (Details) € in Millions, $ in Millions	Oct. 30, 2015 USD ($)	Jun. 08, 2015 USD ($)	Jun. 08, 2015 EUR (€)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 4,787.0	$ 4,610.6	$ 967.8
Con-Way
Business Acquisition [Line Items]
Consideration	$ 2,317.8
Accounts receivable	670.1
Other current assets	129.9
Property and equipment	1,892.3
Other long-term assets	48.5
Accounts payable	(354.6)
Accrued expenses	(383.5)
Other current liabilities	(27.5)
Long-term debt	(640.6)
Deferred tax liabilities	(619.4)
Employee benefit obligations	(153.5)
Other long-term liabilities	(197.4)
Goodwill	1,306.9
Con-Way \| Trade name
Business Acquisition [Line Items]
Fair value of intangible assets	5.6
Con-Way \| Customer relationships
Business Acquisition [Line Items]
Fair value of intangible assets	$ 641.0
ND
Business Acquisition [Line Items]
Consideration		$ 2,955.3	€ 2,645.2
Accounts receivable		1,060.4
Other current assets		350.1
Deferred tax assets		27.2
Property and equipment		730.7
Other long-term assets		63.6
Accounts payable		(804.1)
Accrued expenses		(422.8)
Other current liabilities		(164.6)
Long-term debt		(643.4)
Deferred tax liabilities		(245.5)
Employee benefit obligations		(142.3)
Other long-term liabilities		(148.8)
Noncontrolling interests		(37.2)
Goodwill		2,459.4
ND \| Trade name covenants
Business Acquisition [Line Items]
Fair value of intangible assets		40.0
ND \| Non-compete agreements
Business Acquisition [Line Items]
Fair value of intangible assets		5.6
ND \| Customer relationships
Business Acquisition [Line Items]
Fair value of intangible assets		$ 827.0

Acquisitions - Norbert Dentressangle SA - Additional Information (Details) € / shares in Units, € in Millions, $ in Millions				3 Months Ended
	Jun. 25, 2015	Jun. 08, 2015 USD ($)	Jun. 08, 2015 EUR (€)	Mar. 31, 2016 USD ($) shares	Dec. 31, 2015 USD ($)	Jun. 11, 2015 € / shares	Mar. 31, 2015 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 4,787.0	$ 4,610.6		$ 967.8
ND
Business Acquisition [Line Items]
Percentage of common stock acquired		67.00%		86.25%
Cash consideration		$ 1,603.9	€ 1,437.0
Liability for performance share settlement		13.2	11.8
Repayment of indebtedness		705.0	628.5
Common stock price per share (in euro per share) \| € / shares						€ 217.50
Period that Tender Offer will remain open (in days)	16 days
Number of shares purchased under the Tender Offer \| shares				1,921,553
Noncontrolling interests		784.2	€ 702.5
Goodwill		2,459.4
Increase (decrease) in deferred income taxes				$ (116.0)
ND \| Transportation
Business Acquisition [Line Items]
Goodwill		961.9
ND \| Logistics
Business Acquisition [Line Items]
Goodwill		$ 1,497.5
ND \| Performance Stock Award \| First payment
Business Acquisition [Line Items]
Percentage of Awards Paid		50.00%
Period Before Payment (in months)		18 months	18 months
ND \| Performance Stock Award \| Second payment
Business Acquisition [Line Items]
Percentage of Awards Paid		50.00%
Period Before Payment (in months)		36 months	36 months

Acquisitions - Bridge Terminal Transport - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
	May 04, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Acquisition of businesses, net of cash acquired		$ 0.0	$ 58.2
Business combination, consideration transferred, shares of stock		0.0	0.8
Goodwill		$ 4,787.0	$ 967.8	$ 4,610.6
BTT
Business Acquisition [Line Items]
Consideration	$ 103.8
Acquisition of businesses, net of cash acquired	103.1
Business combination, consideration transferred, shares of stock	0.7
Goodwill	57.0
Fair value of intangible assets	$ 30.0

Acquisitions - UX Specialized Logistics - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
	Feb. 09, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Acquisition of businesses, net of cash acquired		$ 0.0	$ 58.2
Business combination, consideration transferred, shares of stock		0.0	0.8
Goodwill		$ 4,787.0	$ 967.8	$ 4,610.6
UX Specialized Logistics
Business Acquisition [Line Items]
Consideration	$ 58.9
Acquisition of businesses, net of cash acquired	58.1
Business combination, consideration transferred, shares of stock	0.8
Goodwill	38.1
Intangible assets acquired	$ 18.8

Acquisitions - Business Acquisition Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Combinations [Abstract]
Revenue	$ 3,545.7	$ 3,542.3
Operating income	62.4	52.2
Net loss attributable to common shareholders	$ (23.2)	$ (34.9)
Basic loss per share (in dollars per share)	$ (0.21)	$ (0.33)
Diluted loss per share (in dollars per share)	$ (0.21)	$ (0.33)

Restructuring Charges - Summary of Restructuring Reserve (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 61.2
Charges Incurred	7.5
Payments	(13.2)
Ending balance	55.5
Operating Segments \| Transportation
Restructuring Reserve [Roll Forward]
Beginning balance	27.4
Charges Incurred	0.7
Payments	(6.4)
Ending balance	21.7
Operating Segments \| Transportation \| Contract termination
Restructuring Reserve [Roll Forward]
Beginning balance	0.1
Charges Incurred	0.2
Payments	0.0
Ending balance	0.3
Operating Segments \| Transportation \| Facilities
Restructuring Reserve [Roll Forward]
Beginning balance	0.6
Charges Incurred	0.1
Payments	(0.2)
Ending balance	0.5
Operating Segments \| Transportation \| Severance
Restructuring Reserve [Roll Forward]
Beginning balance	26.7
Charges Incurred	0.4
Payments	(6.2)
Ending balance	20.9
Operating Segments \| Logistics
Restructuring Reserve [Roll Forward]
Beginning balance	26.3
Charges Incurred	6.8
Payments	(5.3)
Ending balance	27.8
Operating Segments \| Logistics \| Contract termination
Restructuring Reserve [Roll Forward]
Beginning balance	0.8
Charges Incurred	0.4
Payments	(0.5)
Ending balance	0.7
Operating Segments \| Logistics \| Severance
Restructuring Reserve [Roll Forward]
Beginning balance	25.5
Charges Incurred	6.4
Payments	(4.8)
Ending balance	27.1
Corporate
Restructuring Reserve [Roll Forward]
Beginning balance	7.5
Charges Incurred	0.0
Payments	(1.5)
Ending balance	6.0
Corporate \| Contract termination
Restructuring Reserve [Roll Forward]
Beginning balance	4.0
Charges Incurred	0.0
Payments	(1.2)
Ending balance	2.8
Corporate \| Severance
Restructuring Reserve [Roll Forward]
Beginning balance	3.5
Charges Incurred	0.0
Payments	(0.3)
Ending balance	$ 3.2

Contingencies - Additional Information (Details) - Pacer International $ in Millions		3 Months Ended	12 Months Ended
	Jul. 17, 2015 USD ($)	Mar. 31, 2016 claimant claim class_action operator	Dec. 31, 2014 claimant	Dec. 31, 2012 operator
Loss Contingencies [Line Items]
Number of owner operators \| operator		150		150
Number of claims heard by court \| claimant		200	7
Amount claimed \| $	$ 2.9
Number of class actions related to remaining claimants \| class_action		3
Maximum
Loss Contingencies [Line Items]
Number of claims heard by court \| claim		625

Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and Equipment	$ 3,170.2	$ 3,061.5
Less: Accumulated depreciation	(349.9)	(209.3)
Total Property and Equipment, net	2,820.3	2,852.2
Land
Property, Plant and Equipment [Line Items]
Property and Equipment	363.6	359.5
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and Equipment	477.7	476.8
Vehicles, tractors, trailers and tankers
Property, Plant and Equipment [Line Items]
Property and Equipment	1,496.1	1,440.5
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and Equipment	342.2	325.9
Office and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and Equipment	87.3	79.5
Computer software and equipment
Property, Plant and Equipment [Line Items]
Property and Equipment	$ 403.3	$ 379.3

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation	$ 119.5	$ 15.8
Net book value of capitalized internally-developed software	2,820.3		$ 2,852.2
Software Development
Property, Plant and Equipment [Line Items]
Net book value of capitalized internally-developed software	$ 126.5		$ 122.8

Intangible Assets - Schedule of Identifiable Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,972.6	$ 2,101.0
Accumulated Amortization	268.4	224.5
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,889.8	2,017.0
Accumulated Amortization	212.8	174.4
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	52.1	51.0
Accumulated Amortization	33.7	29.1
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16.4	18.7
Accumulated Amortization	7.7	6.8
Carrier relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	12.1	12.1
Accumulated Amortization	12.1	12.1
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2.2	2.2
Accumulated Amortization	$ 2.1	$ 2.1

Intangible Assets - Estimated Future Amortization Expense for Amortizable Intangible Assets (Details) $ in Millions	Mar. 31, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated amortization expense 2016	$ 133.8
Estimated amortization expense 2017	166.1
Estimated amortization expense 2018	158.1
Estimated amortization expense 2019	151.8
Estimated amortization expense 2020	$ 145.7

Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Sales, general and administrative expense	$ 42.0	$ 18.0

Goodwill - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
Goodwill - Schedule of Goodwill (Details) $ in Millions	Mar. 31, 2016 USD ($)
Goodwill [Roll Forward]
Goodwill at beginning of period	$ 4,610.6
Property and equipment and intangible asset fair value adjustments	182.6
Deferred tax adjustments	(76.5)
Litigation liability adjustments, net of tax	14.3
Impact of foreign exchange translation	50.8
Other adjustments	5.2
Goodwill at end of period	4,787.0
Operating Segments \| Transportation
Goodwill [Roll Forward]
Goodwill at beginning of period	2,504.7
Property and equipment and intangible asset fair value adjustments	145.2
Deferred tax adjustments	(58.0)
Litigation liability adjustments, net of tax	13.7
Impact of foreign exchange translation	19.9
Other adjustments	4.1
Goodwill at end of period	2,629.6
Operating Segments \| Logistics
Goodwill [Roll Forward]
Goodwill at beginning of period	2,105.9
Property and equipment and intangible asset fair value adjustments	37.4
Deferred tax adjustments	(18.5)
Litigation liability adjustments, net of tax	0.6
Impact of foreign exchange translation	30.9
Other adjustments	1.1
Goodwill at end of period	$ 2,157.4

Employee Benefit Plans (Details)	3 Months Ended
Employee Benefit Plans (Details)	Mar. 31, 2016 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Cost Recognized	$ 14,400,000
U.S. Qualified Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	19,000,000
Expected return on plan assets	(22,100,000)
Net periodic benefit cost	(3,100,000)
U.S. Non-Qualified Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	800,000
Expected return on plan assets	0
Net periodic benefit cost	800,000
UK Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	11,500,000
Expected return on plan assets	(14,900,000)
Net periodic benefit cost	(3,400,000)
Employer contributions	3,200,000
Estimated employer contributions	15,100,000
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	0
Estimated employer contributions	0
Postretirement Health Coverage
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost - benefits earned during the year	200,000
Interest cost	500,000
Net periodic benefit cost	$ 700,000

Stock-Based Compensation - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 11.9	$ 2.3
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0.4	0.5
2016	0.8
2017	0.6
2018	0.4
2019	0.1
Stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0.4	0.0
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4.7	1.2
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1.6	0.6
Cash-settled performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4.8	$ 0.0
2016	14.3
2017	19.1
2018	19.1
2019	19.1
Restricted Stock Units and Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2016	10.8
2017	5.8
2018	2.5
2019	0.4
2020 and Thereafter	$ 1.4

Stock-Based Compensation - Equity Awards Outstanding and Exercisable (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Stock options
Stock Options Outstanding
Stock Options, Outstanding at beginning of period (in shares)	2,004,280
Stock Options, Exercised (in shares)	(97,565)
Stock Options, Forfeited or expired (in shares)	(180,848)
Stock Options, Outstanding at end of period (in shares)	1,725,867	2,004,280
Stock Options exercisable (in shares)	1,408,612
Stock Options, Weighted Average Exercise Price
Stock Options, Weighted Average Exercise Price, at beginning of period (in usd per share)	$ 16.66
Stock Options, Weighted Average Exercise Price, Exercised (in usd per share)	19.91
Stock Options, Weighted Average Exercise Price, Forfeited or expired (in usd per share)	29.70
Stock Options, Weighted Average Exercise Price, at end of period (in usd per share)	15.11	$ 16.66
Stock Options, weighted average exercise price, exercisable (in usd per share)	14.76
Stock Options, Weighted Average Grant Date Fair Value
Stock Options, Weighted Average Grant Date Fair Value at beginning of period (in usd per share)	6.06
Stock Options, Weighted Average Grant Date fair Value, Exercised (in usd per share)	6.90
Stock Options, Weighted Average Grant Date fair Value, Forfeited or expired (in usd per share)	1.53
Stock Options, Weighted Average Grant Date Fair Value at end of period (in usd per share)	6.54	$ 6.06
Stock Options, Weighted Average Grant Date fair Value, Exercisable (in usd per share)	$ 6.01
Stock Options, Weighted Average Remaining Term
Stock Options, Outstanding, Weighted Average Remaining Term	4 years 11 months 15 days	4 years 6 months 24 days
Stock Options, Exercisable, Weighted Average Remaining Term	4 years 6 months
Stock options \| Minimum
Stock Options, Weighted Average Exercise Price
Stock Options, Weighted Average Exercise Price, at beginning of period (in usd per share)	$ 2.68
Stock Options, Weighted Average Exercise Price, Exercised (in usd per share)	2.68
Stock Options, Weighted Average Exercise Price, Forfeited or expired (in usd per share)	27.69
Stock Options, Weighted Average Exercise Price, at end of period (in usd per share)	3.88	$ 2.68
Stock Options, weighted average exercise price, exercisable (in usd per share)	3.88
Stock options \| Maximum
Stock Options, Weighted Average Exercise Price
Stock Options, Weighted Average Exercise Price, at beginning of period (in usd per share)	31.88
Stock Options, Weighted Average Exercise Price, Exercised (in usd per share)	25.18
Stock Options, Weighted Average Exercise Price, Forfeited or expired (in usd per share)	29.79
Stock Options, Weighted Average Exercise Price, at end of period (in usd per share)	31.88	$ 31.88
Stock Options, weighted average exercise price, exercisable (in usd per share)	$ 31.88
Stock appreciation rights
Awards Outstanding, shares
Outstanding at beginning of period (in shares)	143,603
Exercised/Vested (in shares)	(6,299)
Outstanding at end of period (in shares)	137,304	143,603
Awards Exercisable (in shares)	137,304
Awards, Weighted-Average Exercise Price
Outstanding at beginning of period (in usd per share)	$ 15.61
Exercised (in usd per share)	15.61
Outstanding at end of period (in usd per share)	15.61	$ 15.61
Exercisable (in usd per share)	$ 15.61
Outstanding, Weighted-Average Remaining Term	1 year 5 months 5 days	1 year 9 months 16 days
Exercisable, Weighted-Average Remaining Term	1 year 5 months 5 days
Restricted stock units
Awards Outstanding, shares
Outstanding at beginning of period (in shares)	1,558,441
Granted (in shares)	45,507
Exercised/Vested (in shares)	(95,220)
Forfeited (in shares)	(79,816)
Outstanding at end of period (in shares)	1,428,912	1,558,441
Awards, Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in usd per share)	$ 23.01
Granted (in usd per share)	26.47
Vested (in usd per share)	30.17
Forfeited (in usd per share)	26.02
Outstanding at end of period (in usd per share)	$ 22.49	$ 23.01
Performance-based restricted stock units
Awards Outstanding, shares
Outstanding at beginning of period (in shares)	1,987,060
Granted (in shares)	0
Exercised/Vested (in shares)	(103,530)
Forfeited (in shares)	(14,505)
Outstanding at end of period (in shares)	1,869,025	1,987,060
Awards, Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in usd per share)	$ 21.47
Granted (in usd per share)	0.00
Vested (in usd per share)	32.47
Forfeited (in usd per share)	30.03
Outstanding at end of period (in usd per share)	$ 18.21	$ 21.47
Cash-settled performance-based restricted stock units
Awards Outstanding, shares
Outstanding at beginning of period (in shares)	0
Granted (in shares)	2,486,912
Outstanding at end of period (in shares)	2,486,912	0
Awards, Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in usd per share)	$ 0.00
Granted (in usd per share)	22.92
Outstanding at end of period (in usd per share)	$ 30.70	$ 0.00

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vested and exercisable, number of shares	1,408,612
Unrecognized compensation cost	$ 1.9
Options, vested and exercisable, intrinsic value	22.5
Options, exercised, intrinsic value	0.8	$ 0.3
Cash received from options exercised	1.9	0.1
Stock appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued liabilities for awards	$ 2.3		$ 1.9
Award weighted average fair value (in usd per share)	$ 16.55		$ 13.45
Outstanding Intrinsic value	$ 2.1
Exercisable Intrinsic value	$ 2.1
Awards outstanding (in shares)	137,304		143,603
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, vested, fair value	$ 2.5	$ 1.3
Awards outstanding (in shares)	1,428,912		1,558,441
Unrecognized compensation cost, period for recognition	2 years 3 months 5 days
RSUs - subject to service conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	1,229,948
RSUs - subject to service and market conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	198,964
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, vested, fair value	$ 2.3
Awards outstanding (in shares)	1,869,025		1,987,060
Unrecognized compensation cost, amount not deemed probable	$ 21.2
PRSUs - subject to service, market and performance conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	1,632,869
PRSUs - subject to service and performance conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	236,156
Restricted Stock Units and Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 20.9
Cash-settled performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	71.6
Accrued liabilities for awards	$ 4.8
Award weighted average fair value (in usd per share)	$ 30.70
Awards outstanding (in shares)	2,486,912		0
Unrecognized compensation cost, period for recognition	3 years 9 months
Annual vesting percentage	25.00%
Vesting period	4 years

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income tax benefit	$ (15.7)	$ (13.6)
Effective income tax rate, continuing operations (as a percent)	44.90%	48.10%
Expected effective tax rate	35.00%	35.00%
Valuation allowance on deferred tax assets	$ 71.1		$ 67.6

Derivative Instruments - Schedule of Derivative Instruments Measured at Fair Value in Statement of Financial Position (Details) $ in Millions	Mar. 31, 2016 USD ($)
Derivatives, Fair Value [Line Items]
Fair Value	$ (42.8)
Level 2 \| Cross-currency swap agreements \| Derivatives designated as hedges: \| Other long-term liabilities
Derivatives, Fair Value [Line Items]
Notional Amount	730.9
Fair Value	(32.6)
Level 2 \| Interest rate swaps \| Derivatives designated as hedges: \| Other current liabilities Other long-term liabilities
Derivatives, Fair Value [Line Items]
Notional Amount	216.3
Fair Value	(6.0)
Level 2 \| Interest rate swaps \| Derivatives not designated as hedges: \| Other current liabilities Other long-term liabilities
Derivatives, Fair Value [Line Items]
Notional Amount	68.3
Fair Value	(0.9)
Level 2 \| Foreign currency option contracts \| Derivatives not designated as hedges: \| Other current liabilities
Derivatives, Fair Value [Line Items]
Notional Amount	221.7
Fair Value	(1.7)
Level 2 \| Foreign currency forward contracts \| Derivatives not designated as hedges: \| Other current liabilities
Derivatives, Fair Value [Line Items]
Notional Amount	80.8
Fair Value	$ (1.6)

Derivative Instruments - Schedule of Gains and Losses Recognized on the Balance Sheet for Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	$ (33.4)	$ 0.0
Recognized in Net Loss	(2.2)	0.0
Cross-currency swap agreements \| Derivatives designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	(32.8)	0.0
Recognized in Net Loss	0.0	0.0
Interest rate swaps \| Derivatives designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	1.1	0.0
Recognized in Net Loss	0.0	0.0
Interest rate swaps \| Derivatives not designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	0.0	0.0
Recognized in Net Loss	0.2	0.0
Foreign currency option contracts \| Derivatives not designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	0.0	0.0
Recognized in Net Loss	(0.8)	0.0
Foreign currency forward contracts \| Derivatives not designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	0.0	0.0
Recognized in Net Loss	(1.6)	0.0
Foreign currency denominated notes \| Derivatives designated as hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Recognized in Accumulated Other Comprehensive Loss	(1.7)	0.0
Recognized in Net Loss	$ 0.0	$ 0.0

Derivative Instruments - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Net Investment Hedging \| Derivatives designated as hedges: \| Cross-currency swap agreements
Derivative [Line Items]
Nonderivatives designated as hedges, notional amount	$ 37.6

Variable Interest Entities and Joint Ventures (Details) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Assets	$ 88.8	$ 80.6
Liabilities	76.0	67.1
Revenues	74.1
Operating expenses
Variable Interest Entity [Line Items]
Expenses	72.0
Tax expense
Variable Interest Entity [Line Items]
Expenses	0.5
Cash and Cash Equivalents
Variable Interest Entity [Line Items]
Assets	14.6	14.3
Accounts receivable, net of allowance
Variable Interest Entity [Line Items]
Assets	60.4	54.7
Other current assets
Variable Interest Entity [Line Items]
Assets	4.8	3.8
Property and equipment, net of accumulated depreciation
Variable Interest Entity [Line Items]
Assets	3.7	4.8
Other long-term assets
Variable Interest Entity [Line Items]
Assets	5.3	3.0
Accounts payable
Variable Interest Entity [Line Items]
Liabilities	45.4	44.9
Accrued expenses, other
Variable Interest Entity [Line Items]
Liabilities	10.8	8.1
Other current liabilities
Variable Interest Entity [Line Items]
Liabilities	9.4	8.9
Other long-term liabilities
Variable Interest Entity [Line Items]
Liabilities	$ 10.4	$ 5.2

Earnings per Share - Additional Information (Details) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Earnings Per Share [Line Items]
Series A Preferred stock, par value (in usd per share)	$ 0.001		$ 0.001
Assumed average market price per share exercise of warrants treasury method (in usd per share)	25.21	$ 41.90
Series A Convertible Preferred Stock
Earnings Per Share [Line Items]
Series A Preferred stock, par value (in usd per share)	$ 0.001

Earnings per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Basic weighted average common stock outstanding	109,628,094	78,825,639
Potentially dilutive securities:
Shares underlying the conversion of preferred stock to common stock	10,412,145	10,476,430
Shares underlying the conversion of the convertible senior notes	3,180,806	5,171,353
Shares underlying warrants to purchase common stock	7,557,370	8,776,365
Shares underlying stock options to purchase common stock	570,684	633,392
Shares underlying restricted stock units and performance-based restricted stock units	1,607,032	1,025,632
Antidilutive shares excluded from the computation of earnings per share	23,328,037	26,083,172
Diluted weighted average shares outstanding	132,956,131	104,908,811

Segment Reporting - Additional Information (Details)	3 Months Ended
Segment Reporting - Additional Information (Details)	Mar. 31, 2016 segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Segment Reporting - Selected Financial Data for Each of Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenue	$ 3,545.7	$ 703.0
Operating income (loss)	62.4	(4.8)
Depreciation and amortization	162.1	33.8
Interest expense	93.1	23.1
Income tax benefit	(15.7)	(13.6)
Goodwill	4,787.0	967.8	$ 4,610.6
Operating Segments \| Transportation
Segment Reporting Information [Line Items]
Revenue	2,297.4	562.2
Operating income (loss)	75.4	3.6
Depreciation and amortization	114.6	19.7
Interest expense	0.0	0.0
Income tax benefit	0.0	0.0
Goodwill	2,629.6	614.7	2,504.7
Operating Segments \| Logistics
Segment Reporting Information [Line Items]
Revenue	1,260.7	140.8
Operating income (loss)	31.9	6.4
Depreciation and amortization	47.1	13.7
Interest expense	0.0	0.0
Income tax benefit	0.0	0.0
Goodwill	2,157.4	353.1	$ 2,105.9
Corporate
Segment Reporting Information [Line Items]
Revenue	0.0	0.0
Operating income (loss)	(44.9)	(14.8)
Depreciation and amortization	0.4	0.4
Interest expense	93.1	23.1
Income tax benefit	(15.7)	(13.6)
Goodwill	0.0	0.0
Eliminations
Segment Reporting Information [Line Items]
Revenue	(12.4)	0.0
Operating income (loss)	0.0	0.0
Depreciation and amortization	0.0	0.0
Interest expense	0.0	0.0
Income tax benefit	0.0	0.0
Goodwill	$ 0.0	$ 0.0

Related Party Transactions - Additional Information (Detail) - Louis DeJoy $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($) extension entity	Mar. 31, 2015 USD ($)
Related Party Transaction [Line Items]
Number of entities owned by related party \| entity	3
Lessee Leasing Arrangements, Operating Leases, Number Of Renewal Options \| extension	2
Lessee Leasing Arrangements, Operating Leases, Renewal Term	5 years
Payments recorded associated with lease agreements with related parties	$ 0.5	$ 0.5
Operating Leases, Rent Expense	0.1	$ 0.1
Revenue from Related Parties	$ 0.3