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XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.

XPO Logistics Inc. announced that it has completed the $3 billion acquisition of trucking and logistics operator Con-way Inc.

XPO Logistics’ dramatic bid to snatch up trucking capacity by acquiring Con-way Inc. for $3 billion could spawn similar acquisitions by non-asset-based companies, forcing rival less-than-truckload carriers to reassess their strategy and step up their game, LTL leaders said.

Investment analysts and observers greeted the news that XPO Logistics acquired Con-way Inc. for $3 billion as a likely positive step for both companies, but especially for beleaguered Con-way.

XPO Logistics said it has agreed to acquire Con-way Inc. for $3 billion to broaden its supply chain offerings into less-than-truckload and U.S. truckload freight and create a company with annual revenue of $15 billion.

The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.

XPO Logistics Inc. announced it has acquired control of French logistics operator Norbert Dentressangle SA by acquiring the 67% ownership stake held by founder Norbert Dentressangle and his family.

XPO Logistics Inc. will sell $2 billion in notes to provide the balance of the financing for its planned acquisitions of French logistics company Norbert Dentressangle SA and drayage carrier Bridge Terminal Transport Services Inc.

DALLAS — A Texas state lawmaker said he backs incentives that increase the use of natural gas and other alternative transportation fuels.