Welcome to the XPO Logistics Q3 2018 Earnings Conference Call and Webcast. My name is Rob, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]. Please note that this conference is being recorded. Before the call begins, let me read a brief statement on behalf of the company regarding forward-looking statements and the use of non-GAAP financial measures. During this call, the company will be making certain forward-looking statements within the meaning of applicable securities laws, which by their nature involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those projected in the forward-looking statements. A discussion of factors that could cause actual results to differ materially is contained in the company’s SEC filings. The forward-looking statements in the company’s earnings release or made on this call are made only as of today and the company has no obligation to update any of these forward-looking statements, except to the extent required by law. During this call, the company also may refer to certain non-GAAP financial measures as defined under applicable SEC rules. Reconciliations of such non-GAAP financial measures to the most comparable GAAP measures are contained in the company’s earnings release and the related financial tables. You can find a copy of the company’s earnings release, which contains additional important information regarding forward-looking statements and non-GAAP financial measures in the Investors section of the company’s website. I will now turn the call over to Brad Jacobs, Mr. Jacobs, you may begin.

Thank you, operator, and good morning, everybody. Thanks for joining our third quarter call. With me in Greenwich are Scott Malat, our Chief Strategy Officer and Tavio Headley, our Senior Director of Investor Relations. As you saw yesterday, we maintained strong momentum throughout the quarter. Our revenue, net income, EPS and adjusted EBITDA were all third quarter records. We generated robust organic revenue growth of 10.5%, and we signed up another $918 million of new business in the quarter, which was up a whopping 43% from a year ago. We entered October with a new business pipeline of $3.7 billion; that’s up $400 million year-over-year. We again grew our profitability faster than revenue. We generated adjusted EBITDA of $415 million, despite a $16 million headwind from a customer bankruptcy in Europe. Looking at our lines of business, contract logistics was the standout once again. We grew our logistics revenue year over year by 13%, with e-fulfillment ramping up globally. In North America, we grew our logistics business in the quarter by 18%. We implemented 26 contract logistics startups in the quarter, bringing the year-to-date count to a record 90 startups through September. Freight brokerage was another highlight. We grew our North American brokerage revenue by 18%, and notably, we increased brokerage net revenue by 46%. We launched XPO Connect from scratch in April. Three months later, 6,000 of our carriers had opted in, and in the three months since then, we’ve expanded to over 13,000 carriers. We expect the count to keep climbing fast; these are quality operators in our core network. In North American LTL, we’re continuing to create a more profitable customer mix and the investments we’re making in sales and operations are showing results. We’ve improved adjusted operating income by 220 basis points in the third quarter,…

Thanks Brad, and thanks for the kind words. I’m very proud to have been part of the growth of XPO these last seven years. On our personal note, my family and I are moving to Europe and we’re looking forward to spending some quality time together. I have no doubt that XPO will continue to outperform for many years. I happen to know Matt Fassler well, having worked closely with him at Goldman. He’s an incredible talent. He’s going to add a lot of value to the team. Now looking at the quarter. We kept up the momentum across our operations. I’ll walk you through the numbers and the operating environment by business unit. Starting with our transportation segment. We increased revenue by 11% to $2.9 billion. We grew operating income by 34% and adjusted EBITDA by 20% to $327 million. We generated our strongest transportation growth in freight brokerage. We increased revenue by 18% and improved our net revenue margin by 370 basis points to a record 18.7%. Within freight brokerage, the tight truckload market worked in our favor. We grew our truck brokerage revenue by 30% and we did that with roughly the same headcount as last year. A large benefit came from our proprietary technology. We’re able to manage more growth with lower costs by using automated load tracking; predictive analytics, automated load assignment, and XPO Connect, our digital freight marketplace for shippers and carriers. Market tightness has eased a little in October, with lower volumes being offset by higher net revenue margins. A strong holiday season could change that quickly. We’ll know more over the next few weeks. We also grew our intermodal business with double-digit revenue increase for the second straight quarter. The market dynamics for intermodal were favorable through the quarter and into October…

Thank you. [Operator Instructions]. Thank you. First question comes from the line of Chris Wetherbee with Citi. Please proceed with your question.

Our next question is from the line of Matt Reustle with Goldman Sachs. Please proceed with your question.

The next question is from the line of Ravi Shanker with Morgan Stanley. Please proceed with your question.

The next question is from the line of Scott Schneeberger with Oppenheimer. Please proceed with your question.

The next question comes from the line of Allison Landry with Credit Suisse. Please proceed with your questions.

We lost Ms. Landry’s line. Our next question comes from Amit Mehrotra with Deutsche Bank.

Our next question is from the line of Kevin Sterling with Seaport Global. Please proceed with your questions.

The next question is from the line of Brandon Oglenski with Barclays. Please proceed with your question.

Our next question comes from the line of Todd Fowler with KeyBanc. Please proceed with your question.

Next question is from the line of Ariel Rosa with Bank of America. Please proceed with your question.

Thank you. This will conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.