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.

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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. , Oct. 10, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO) today announced the appointment of Carl Anderson as chief financial officer, effective November 8, 2022. Anderson will replace Ravi Tulsyan, who will leave the company after assisting with the CFO transition.

XPO Logistics Announces Carl Anderson as Incoming Chief Financial Officer

Announces New Board of Directors for XPO Post-Spin-Off

XPO Logistics Board of Directors Approves Separation of RXO and Declares the Distribution of RXO Shares

GREENWICH, Conn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) will hold its third quarter conference call and webcast on Monday, October 31, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com.

XPO Logistics Schedules Third Quarter 2022 Earnings Conference Call for Monday, October 31, 2022

GREENWICH, Conn. , Sept. 29, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced that Heidi Ratti will become chief human resources officer of RXO, the planned spin-off of XPO's tech-enabled brokered transportation platform. Ratti is currently senior vice president, human resources for XPO's North American less-than-truckload business, and will move to RXO's C-suite when the separation is complete. She will report to Drew Wilkerson, who, as previously announced, will be chief executive officer of RXO, and currently serves as president,transportation – North America.

XPO Logistics Announces Heidi Ratti as Chief Human Resources Officer for RXO Spin-Off

XPO Logistics Inc. XPO, +5.12% said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end.

XPO Logistics files for freight brokerage business spinoff

GREENWICH, Conn. , Sept. 28, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced the filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO, its tech-enabled brokered transportation platform. The filing is linked on the  XPO  and  RXO  websites. XPO expects to complete the spin-off in the fourth quarter.

XPO Logistics Files Public Form 10 Registration Statement for Spin-Off of RXO

GREENWICH, Conn., Sept. 28, 2022 (GLOBE NEWSWIRE) -- XPO Logistics  (NYSE: XPO), a North American leader in less-than-truckload ( LTL ) freight transportation, today announced that long-time truck driver David Frazier has exceeded four million accident-free miles in his LTL career — the highest driver safety record in XPO's history. The company tracks accident-free miles as part of its Road to Zero driver safety program.

XPO Logistics Honors David Frazier as First Driver in Company History to Achieve Four Million Accident-Free Miles

XPO Logistics announced Tuesday a nine-seat board of directors for its brokerage platform, RXO, which it plans to spin off in the fourth quarter.  As previously announced, XPO's founder, chairman and CEO Brad Jacobs will be the nonexecutive chairman of RXO.

XPO announces board for brokerage spinoff RXO

GREENWICH, Conn. , Sept. 14, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced that Jared Weisfeld will become chief strategy officer of RXO, the planned spin-off of XPO's brokered transportation platform. Weisfeld has been appointed chief strategy officer for XPO's North American transportation division, effective immediately. He will be responsible for RXO's strategy and analysis of growth opportunities when the spin-off is complete, and will oversee RXO's engagement with the investment community. He reports to Drew Wilkerson, who, as previously announced, will be chief executive officer of RXO, and currently serves as president, transportation – North America.

XPO Logistics Announces Jared Weisfeld as Chief Strategy Officer for RXO Spin-Off

GREENWICH, Conn. , Sept. 12, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced that Jay Silberkleit has been appointed chief information officer, effective upon the spin-off of XPO's brokered transportation platform. Silberkleit will succeed Mario Harik, XPO's current CIO and president, less-than-truckload (LTL) – North America. As previously announced, Harik will become chief executive officer of XPO once the planned spin-off is complete.

XPO Logistics Announces Promotion of Jay Silberkleit to Chief Information Officer

XPO Logistics announced Wednesday it has named a CFO for its planned brokerage spinoff, RXO. The company said Jamie Harris will join XPO on Sept.

XPO names finance head for brokerage spinoff RXO

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Both business segments delivered solid results in the second quarter.

XPO Logistics Builds Momentum Into RXO Spin-Off

As Brad Jacobs prepares to exit the CEO helm at XPO Logistics, he touted two particular numbers on the company's earnings call with analysts Friday. The less-than-truckload business, which is the core of XPO (NYSE: XPO) after selling off multiple divisions as it looks to become a pure-play company, posted an adjusted operating ratio–the ratio of revenues to expenses– of 80.4% That was only 20 basis points better than the LTL's division a year ago, but when real estate transactions are taken out of the equation, the LTL OR was up 70 bps, improving from 81.1% a year ago.

XPO highlights better LTL yield, brokerage performance in Q2

XPO Logistics, Inc. (NYSE:XPO ) Q2 2022 Results Conference Call August 5, 2022 8:30 AM ET Company Participants Brad Jacobs - Chairman & Chief Executive Officer Ravi Tulsyan - Chief Financial Officer Matt Fassler - Chief Strategy Officer Mario Harik - President of Less-Than-Truckload Drew Wilkerson - President of Transportation, North America Conference Call Participants Scott Group - Wolfe Research Chris Wetherbee - Citi Ken Hoexter - Bank of America Allison Poliniak - Wells Fargo Tom Wadewitz - UBS Ravi Shanker - Morgan Stanley Jon Chappell - Evercore ISI Scott Schneeberger - Oppenheimer Jason Seidl - Cowen & Company Ari Rosa - Credit Suisse Operator Welcome to the XPO Logistics Second Quarter 2022 Earnings Conference Call and Webcast. My name is Paul, and I will be your operator for today's call.

XPO Logistics, Inc. (XPO) CEO Brad Jacobs on Q2 2022 Results - Earnings Call Transcript

XPO Logistics just reported its 2Q22 earnings, which came in higher than expected and once again proved the company's ability to generate shareholder and customer value. The company improved its margins and network fluidity in a time of high inflation and supply chain problems.

Why XPO Logistics Has So Much Upside

Jacobs will remain as executive chairman at XPO and non-executive chairman at the spun-off company.

XPO Logistics' Brad Jacobs discusses stepping down as CEO with Mario Harik to succeed him

XPO Logistics reported better-than-expected second-quarter results as it gets ready to separate into two companies.

XPO Crushed Earnings and Announced New Leadership

XPO Logistics Inc. on Thursday named Mario Harik, currently CIO and interim head of the company's less-than-truckload business, as permanent CEO of what will become a pure-play LTL carrier by the end of 2022. Brad Jacobs, XPO's founder, chairman and CEO, will become XPO's (NYSE: XPO) executive chairman once the company spins off its truck brokerage, final-mile and managed transportation businesses.

XPO names Harik permanent CEO of stand-alone LTL business

Mario Harik has been appointed president, North American less-than-truckload, and will succeed Brad Jacobs as XPO's chief executive officer once the spin-off is complete

XPO Logistics Announces Leadership Succession Plan to Take Effect in Fourth Quarter 2022 Following Brokerage Spin-Off

Reports second quarter records for revenue, net income from continuing operations and adjusted EBITDA

XPO Logistics Announces Second Quarter 2022 Results and Raises Full Year 2022 Financial Outlook

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XPO enhances LTL visibility with piece-level tracking

XPO Logistics (NYSE: XPO) has announced a new company identity created in connection with the planned spin-off of its tech-enabled brokerage platform. These are the details.

XPO Logistics (XPO) Names Brokerage Spin-Off ‘RXO'

XPO Logistics Inc. (NYSE: XPO) said Tuesday that it has chosen RXO for the name of the company it plans to spin off later this year. Greenwich, Connecticut-based XPO plans to spin off its truck brokerage, final-mile and managed transportation businesses by the end of 2022.

XPO factors reliability into name of spinoff

GREENWICH, Conn. , July 12, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc.  (NYSE: XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company's commitment to provide reliability multiplied by outperformance. RXO will go to market with the tagline “Massive capacity. Cutting-edge technology.”

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