Brad Jacobs

XPO puts pedal to the metal in fourth quarter

Transport and logistics giant XPO Logistics Inc. (NYSE:XPO) ended 2020 on a strong note, posting the highest quarterly revenue in its 10-year history — paced by blowout results in truck brokerage — and laying out strong 2021 earnings guidance.

For the quarter, XPO posted adjusted diluted per-share earnings of $1.19, well above analysts’ consensus estimates of 67 cents. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $449 million, the best fourth-quarter mark in...

https://www.freightwaves.com/news/xpo-puts-pedal-to-the-metal-in-fourth-quarter

Wilson named to head XPO’s spun-off logistics company

XPO Logistics Inc. (NYSE:XPO) said Tuesday that Malcolm Wilson, the current CEO of its European operation, will run the newly created logistics company that XPO plans to spin off into a stand-alone business.

Richard Cawston, currently XPO’s president, supply chain logistics-Europe, will continue in the role with the new company, Greenwich, Connecticut-based XPO said. Ashfaque Chowdhury, XPO’s president, supply chain logistics – Americas and Asia Pacific, will also remain in his current role with...

https://www.freightwaves.com/news/wilson-named-to-head-xpos-spun-off-logistics-company

The Daily Dash: What’s next for XPO and Brad Jacobs?

XPO to split into separate companies

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Brad Jacobs built XPO into one of the world’s largest logistics companies, but now that the company is splitting in two, what does that mean for Jacobs? Plus, Transport America believes it has a strategy to build for the future and U.S. Xpress and MIT are joining forces to improve driver efficiency.

Farewell tour?

Brad Jacobs built XPO Logistics and now he plans to split the company into two. Will...

https://s29755.pcdn.co/news/the-daily-dash-whats-next-for-xpo-and-brad-jacobs

Breaking News: XPO to split transport, logistics businesses

Brad Jacobs will split his baby.

The founder, chairman and CEO of $17 billion a year transport and logistics giant XPO Logistics Inc. (NYSE:XPO) and his board of directors said late Wednesday that they plan to spin off XPO’s transportation and logistics businesses into two separate companies: XPO’s North American and European less-than-truckload (LTL) and truckload brokerage businesses, which will be called XPORemainCo, and a newly created company, comprised of XPO’s North American and European...

https://www.freightwaves.com/news/breaking-news-xpo-to-split-transport-logistics-businesses

Analysts applaud XPO’s resilience as third-quarter results impress

Drive XPO app

The XPO Logistics, Inc. (NYSE:XPO) worry warts can breathe easier today.

The transport and logistics titan posted third-quarter results that was a considerable improvement on various fronts from a difficult second quarter. Revenues of more than $4.22 billion beat Wall Street estimates by more than $300 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $439 million was $88 million ahead of estimates. Adjusted earnings per share of 83 cents more than...

https://s29755.pcdn.co/news/analysts-applaud-xpos-resilience-as-third-quarter-results-impress

XPO courting offers for European supply chain business: report

XPO Logistics, Inc. (NYSE:XPO) has put out feelers for its European supply chain business, a transaction that could fetch between $4 billion and $4.5 billion if consummated, according to a published report.

Bloomberg reported on its website over the weekend that Greenwich, Connecticut-based XPO has reached out to potential buyers in recent weeks. Nothing may come of the process, the report said. XPO executives were not immediately available to comment on Sunday.

Should a deal move forward, it...

https://s29755.pcdn.co/news/xpo-courting-offers-for-european-supply-chain-business-report

XPO opens two giant contract logistics hubs on West Coast

Transport and logistics giant XPO Logistics Inc. (NYSE:XPO) has expanded its U.S. contract logistics network by opening two “mega-hubs” on the West Coast, XPO Chairman and CEO Brad Jacobs said Wednesday.

The facilities, both in Southern California, are each 1.2 million square feet. One opened over the summer with no fanfare. The second opened last week. Each facility is dedicated to a single customer, XPO said. The company wouldn’t identify either customer other than to say both are global...

https://www.freightwaves.com/news/xpo-opens-two-giant-contract-logistics-hubs-on-west-coast

Career Tracks: XPO appoints diversity officer

XPO Logistics has promoted LaQuenta Jacobs to the newly created position of chief diversity officer, effective Monday.

She will provide cultural leadership and strategic direction as an advocate of diversity, equity and inclusion at XPO and report directly to Chairman and CEO Brad Jacobs.

LaQuenta Jacobs has 23 years of experience leading organizational development initiatives for global public companies. She joined XPO in 2018 as the head of human resources for the company’s last-mile business...

https://www.freightwaves.com/news/career-tracks-xpo-appoints-diversity-officer

The Daily Dash: SONAR 7.0, Brad Jacobs, Schneider and more

FreightWaves SONAR

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, FreightWaves adds exciting new capabilities within its SONAR platform; XPO’s Brad Jacobs talks diversity, automation and more in a 3PL Summit keynote address; and Schneider invests in a new technology platform.

SONAR 7.0

SONAR has become the standard in data and analytics for anyone involved in the movement of freight. FreightWaves CEO Craig Fuller unveiled the latest updates to the platform,...

https://s29755.pcdn.co/news/the-daily-dash-sonar-7-0-brad-jacobs-schneider-and-more

FreightWaves 3PL Summit: Brad Jacobs on diversity, automation and COVID recovery

Brad Jacobs XPO

Brad Jacobs, chairman and CEO of XPO Logistics (NYSE: XPO), is committed to improving the diverse culture XPO is striving to build for its employees, but doing so requires listening to employees, he said during the keynote address of FreightWaves’ Virtual 3PL Summit on Tuesday morning.

“There is a problem in the country [with] racial inequality and that’s a fact,” Jacobs said. “I think just in the last month, the recognition of that fact has become much more widespread.”

Racial equality was one...

https://s29755.pcdn.co/news/freightwaves-3pl-summit-brad-jacobs-on-diversity-automation-and-covid-recovery

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