XPO Logistics

XPO, Inc. engages in the provision of freight transportation services. It operates through the North American LTL and Brokerage and Other Services segments. The North American LTL segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. The Brokerage and Other Services segment is involved in last mile logistics for heavy goods sold through e-commerce, omnichannel retail, and direct-to-consumer channels. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

Earnings data Q1 2021

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XPO Logistics excels in Q4 2022, eyes growth opportunities

XPO Logistics delivered strong Q4 2022 results, exceeding expectations in revenue and EBITDA growth, with a focus on service quality and strategic business simplification.
The company faces challenges from fuel price impacts and industry dynamics but has opportunities in leveraging service improvements and market demand outlook.
XPO's performance reflects a commitment to growth targets, technology implementation, and network expansion, positioning it for continued success in a dynamic market.
With a cautious yet optimistic outlook for 2023, XPO aims to drive growth through operational efficiency, customer satisfaction, and disciplined capacity expansion.

XPO Logistics reports solid Q1 results amidst operational challenges

XPO Logistics delivered strong financial performance in Q1 2023, with a focus on operational efficiency, service quality, and cost management.
While facing challenges in tonnage trends and cost reduction goals, XPO is well-positioned to capitalize on opportunities for growth and innovation.
Strategic initiatives like the LTL 2.0 plan, fleet optimization, and technology-driven efficiency improvements are driving XPO's success and future prospects.

XPO Logistics exceeds Q2 expectations, eyes growth amid operational strengths

XPO Logistics reported strong financial results, driven by operational efficiencies and strategic initiatives. The company's focus on customer service, network investments, and cost efficiency bodes well for future growth. Balancing volume growth with pricing strategies and leveraging technology and employee engagement are key focus areas for sustained success.

XPO Logistics excels in Q3, eyes service quality for growth

XPO Logistics reported robust Q3 financial performance, showcasing progress in their LTL 2.0 plan and cost efficiency measures.
While facing challenges in soft customer demand and excess network capacity, the company is focused on service quality enhancements and cost optimization.
Opportunities lie in improving pricing through service quality, reducing costs per shipment, and leveraging incentive structures for profit improvement.
Overall, XPO Logistics is well-positioned for growth with a strong financial foundation and strategic initiatives in place for future success.

XPO Logistics excels in Q4, eyes growth through pricing and efficiency

XPO Logistics' Q4 performance reflects strong revenue growth, margin improvement, and strategic initiatives driving operational efficiency. The company's focus on pricing, service quality, and margin expansion positions it well for future success. Challenges related to CapEx spend and compensation realignment are being addressed to capitalize on growth opportunities.

XPO Logistics excels in Q1 2024, eyes margin improvement

XPO Logistics demonstrated robust financial performance and operational excellence in Q1 2024.
The company's focus on service quality, cost efficiency, and margin improvement is driving growth.
While facing challenges in a muted freight market, XPO is well-positioned to capitalize on opportunities.
Strategic initiatives and strong performance in key markets position XPO for continued success.

XPO Logistics excels in Q2, poised for strong 2025 growth

XPO Logistics' Q2 performance reflects robust revenue growth and profitability, driven by strategic initiatives and cost management.
Anticipated OR improvement, earnings growth, and margin expansion signal a positive outlook for XPO in 2025.
While challenges in cost management and market dynamics persist, opportunities in service enhancement and customer base expansion offer avenues for sustained growth.
Employee satisfaction and engagement initiatives underscore XPO's commitment to its workforce and long-term success in the logistics industry.

XPO Logistics excels in Q3, eyes North American LTL growth

XPO Logistics showcased strong financial performance driven by revenue growth and margin expansion.
The company's focus on service quality, capacity investments, and pricing strategy bodes well for future growth.
Challenges include managing tonnage decline in Q4 and the strategic sale of the European business.
Opportunities lie in becoming a North American LTL carrier, enhancing service offerings, and maintaining pricing discipline.

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XPO, Inc. engages in the provision of freight transportation services. It operates through the North American Less-Than-Truckload (North American LTL) and European Transportation segments. The North American LTL segment offers trailer manufacturing operations and domestic and cross-border services to and from the United States, Mexico, Canada, and the Caribbean. The European Transportation segment provides truckload, less-than-truckload, truck brokerage, managed transportation, last mile, freight forwarding, and multimodal solutions, such as road-trail and road-shirt sea combinations, to the consumer, trade, and industrial markets. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

GREENWICH, Conn., July 07, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) will hold its second quarter conference call and webcast on Friday, August 5, at 8:30 a.m. Eastern Time. The company's results will be released after market close on August 4 and made available on www.xpo.com.

XPO Logistics Schedules Second Quarter 2022 Earnings Conference Call for Friday, August 5, 2022

Top XPO Logistics Inc. executives have been telling investors over the past few weeks that they don't share concerns that an economic “hurricane” is about to hit the U.S., saying they haven't seen a dramatic decline in demand for the company's services. The XPO (NYSE: XPO) C-suite, led by Chairman and CEO Brad Jacobs, has made the rounds of investor meetings through May and June to discuss macro conditions, industry trends and the company's competitive position in its two main businesses: LTL and truck brokerage.

No economic `hurricane' on horizon, XPO executives say

Alphabet

LAKE BUENA VISTA, Fla. — Known more for its search engine than any other product, Google is making inroads into the supply chain sector with its Google Cloud platform.

Google Cloud partners with XPO as reach into supply chain grows

GREENWICH, Conn., June 07, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced that Yoav Amiel has been appointed chief information officer for the planned spin-off of the company's asset-light brokered transportation platform. Amiel currently leads the technology organization for XPO's North American transportation division led by Drew Wilkerson, who, as previously announced, will be chief executive officer of the spin-off company.

XPO Logistics Announces Yoav Amiel as Chief Information Officer for Spin-Off

B2B freight transportation services company XPO Logistics and Google Cloud have partnered on a multi-year deal to “further innovate how goods move through supply chains,” according to a Monday (June 6) joint press release. XPO will use Google Cloud's expertise in artificial intelligence (AI), machine learning (ML) and data analytics to build “faster, more efficient […]

XPO, Google Cloud Team to Create Faster Supply Chains

Leader in transportation solutions leverages artificial intelligence and data analytics to ensure packages are delivered efficiently, sustainably, and on-time SUNNYVALE, Calif. and GREENWICH, Conn.

XPO and Google Cloud Enter Into Multi-Year Partnership to Build Faster, More Efficient Supply Chains

XPO Logistics Inc. said Thursday that Lou Amo, currently the president of XPO's North American brokerage unit, will become president of the brokerage business that will be spun off from XPO later this year. Amo joined XPO (NYSE: XPO) in 2012 as vice president, brokerage operations.

XPO names Amo to run spinoff's brokerage unit

Investors in XPO Logistics are in a tough spot as the stock has lost almost half of its value from its all-time high. The good news is that a lot has been priced in, resulting in a valuation that is way too cheap given XPO's improving business results.

XPO Logistics Stock: I'm Even More Bullish Now

GREENWICH, Conn., May 24, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, and IRONMAN® Europe, Middle East and Africa (EMEA) have announced an extension of their current partnership through the 2024 season. The IRONMAN Group is the largest operator of mass participation sports in the world.

XPO Logistics Extends Partnership as Official Logistics Supplier for IRONMAN and IRONMAN 70.3 Triathlon Events in Europe

XPO Logistics Inc. is exploring the sale of its North American freight forwarding unit in a transaction that could be valued between $400 million to $600 million, according to a published report that was confirmed independently. Bloomberg first reported the story late on Friday.

XPO considering sale of freight forwarding business

The transportation company has plans for another spin-off by the end of the year.

Why XPO Logistics Is Splitting Up Again

XPO Logistics (NYSE: XPO) has been working hard on a transformation plan that is guaranteed to deliver results for investors. To put it simply, the company is divesting itself of non-core assets and using the money to improve the balance sheet and grow the core business.

XPO Logistics Is A Logical Choice For Investors

It appears that hell hath no fury like Amit Mehrotra scorned. Mehrotra, Deutsche Bank's (NYSE: DB) lead transport analyst, said in a Tuesday note that XPO Logistics Inc. (NYSE: XPO) prevented him from asking questions on its analyst call earlier that day because he has been critical of the performance of its North American LTL unit.

Veteran analyst says XPO excluded him from Q&A on earnings call

XPO Logistics, Inc. (NYSE:XPO ) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Bradley Jacobs - Chairman & CEO Ravi Tulsyan - SVP & CFO Matthew Fassler - Chief Strategy Officer Mario Harik - CIO & Acting President, Less-Than-Truckload Drew Wilkerson - President, Transportation, North America Conference Call Participants Kenneth Hoexter - Bank of America Merrill Lynch Scott Group - Wolfe Research Christian Wetherbee - Citigroup Brian Ossenbeck - JPMorgan Chase & Co. Brandon Oglenski - Barclays Bank Bruce Chan - Stifel, Nicolaus & Company Bascome Majors - Susquehanna Financial Group Jonathan Chappell - Evercore ISI Scott Schneeberger - Oppenheimer Christopher Kuhn - The Benchmark Company Allison Poliniak - Wells Fargo Securities Michael DiMattia - UBS Operator Welcome to the XPO Logistics Q1 2022 Earnings Conference Call and Webcast. My name is Laura, and I will be your operator for today's call.

XPO Logistics, Inc. (XPO) CEO Bradley Jacobs on Q1 2022 Results - Earnings Call Transcript

XPO Logistics Inc. late Monday reported first-quarter results that exceeded Wall Street expectations and named Drew Wilkerson, currently president of XPO's North American Transportation business, to become CEO of its brokerage services operation when it is spun off later this year. Wilkerson joined XPO in 2012 to manage the company's main brokerage hub in Charlotte, North Carolina.

XPO's Q1 results beat estimates; new brokerage head named

Reports highest revenue of any quarter in company history

XPO Logistics Announces First Quarter 2022 Results

XPO Logistics has created an environmental, social and governance committee but has not yet set an emission-reduction target, according to a report released Wednesday. Taking actions to improve ESG metrics is becoming increasingly important to freight and supply chain companies.

XPO Logistics holds off on emission-reduction target

GREENWICH, Conn. , May 04, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced the release of its  fourth annual sustainability report . The 2022 report details the company's ESG progress from January 1, 2021 to December 31, 2021. It includes an overview of the company's sustainability initiatives, as well as data on more than 60 performance indicators.

XPO Logistics Releases 2022 Sustainability Report

Over the past few years, climate change has become a top priority for governments and citizens around the globe. This growing interest has helped push sustainability efforts into the spotlight for virtually all industries, including transportation and logistics.

XPO takes layered approach to supply chain sustainability

GREENWICH, Conn., April 22, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, has introduced a carbon-offset shipping option for customers of its truck brokerage business in North America. Launched on Earth Day, April 22, the company's Ship Net-Zero with XPO program gives shippers a way to negate the carbon footprint of their freight by purchasing carbon offsets for the sustainability project of their choice.

XPO Logistics Introduces “Ship Net-Zero” with Truck Brokerage

XPO Logistics Inc. said Monday that it will open two LTL terminals to bring its North American terminal network count to 294. XPO (NYSE: XPO) will open a facility in Adelanto, California, in San Bernardino County.

XPO opening 2 LTL terminals

Expands LTL capacity in Southern California and Atlanta metro area

XPO Logistics Announces Openings of Two New Less-Than-Truckload Terminals

With all the technological change driving the transportation industry, Brad Jacobs told a virtual audience of The Economic Club of New York that 3D printing was likely to disrupt transportation more than anything else.

XPO's Jacobs predicts biggest transportation disruptor: 3D printing

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Saia

Incremental capacity, cooling demand and plummeting spot rates were the catalysts for another analyst to reel in expectations for trucking companies. On Thursday, Cowen's Jason Seidl lowered earnings estimates for the truckload and less-than-truckload carriers he follows heading into the first-quarter earnings season, which starts Monday.

Trucking: Cowen cuts estimates over ‘growing concerns for carriers'

STG Logistics made a big bet on the market for transloading freight last month, acquiring XPO Logistics' intermodal unit in a $710 million cash transaction. However, the headlines from the day were framed mostly from XPO's perspective as that company executes a breakup strategy focused on increasing shareholder value.

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