XPO

XPO launches new service center in Central Florida

XPO, a North American freight transportation provider, has launched the construction of a new service center in Lakeland, Florida, as part of the company’s strategy to expand its capacity across North America by adding 900 net new doors by the first quarter of 2024.

XPO is building the new facility of around 3,000m² on about 32,375 m² of land near Interstate 4 and Commonwealth Avenue.

The service center is scheduled to open in the second quarter of the next year and is expected to provide 60...

https://container-news.com/xpo-launches-new-service-center-in-central-florida/

XPO to ramp up capacity to fill Yellow void

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Less-than-truckload carrier XPO is benefiting from an industrywide capacity shake-up. The company...

https://www.freightwaves.com/news/xpo-to-ramp-up-capacity-to-fill-yellow-void

XPO beats Q2 expectations, July volumes pop

Less-than-truckload carrier XPO beat analysts’ expectations for the second quarter and volumes saw a big move in July as one competitor shut down.

XPO (NYSE: XPO) reported second-quarter adjusted earnings per share of 71 cents, 10 cents better than the consensus estimate but 43 cents lower year over year (y/y). The result excluded transaction costs from the spinoff of a brokerage unit as well as restructuring costs.

Less-than-truckload revenue fell 8% y/y to $1.14 billion as tonnage per day was...

https://www.freightwaves.com/news/xpo-beats-q2-expectations-july-volumes-pop

XPO announces CFO change

Less-than-truckload carrier XPO announced Wednesday a change at the chief financial officer position.

Current CFO Carl Anderson is resigning effective Aug. 11 “to rejoin a former colleague in an industry where he worked for over a decade.” Anderson has been with XPO (NYSE: XPO) less than one year.

Kyle Wismans, current senior vice president of revenue management and finance at XPO, will take on the CFO role when Anderson departs. Wismans joined the company in 2019 in a leadership role in...

https://www.freightwaves.com/news/xpo-announces-cfo-change

XPO launches new multimodal route in Europe

Global transportation company XPO has expanded its multimodal services with the opening of a new route between Santander in Spain and Liverpool in the United Kingdom.

According to the company, the combination of road and sea transport in this new corridor provides a 25% increase in freight capacity for customers.

At this moment, XPO operates two weekly departures from the port of Santander to the port of Liverpool, offering its customers “alternative and more sustainable transport solutions while...

https://container-news.com/xpo-launches-new-multimodal-route-in-europe/

How nearshoring is unlocking growth opportunities for LTL industry

China has long been considered “the world’s factory,” offering Western manufacturers inexpensive, skilled labor and robust supply chain infrastructure. Pandemic-fueled production and shipping delays — combined with rising labor costs and geopolitical tensions across the globe — have undercut those benefits in recent years. As a result, more and more companies are moving their manufacturing operations to North America.

“The global logistics landscape is rapidly changing, and supply chain...

https://www.freightwaves.com/news/how-nearshoring-is-unlocking-growth-opportunities-for-ltl-industry

How XPO plans to become a talent magnet in transportation

video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) {padding-top: 56.25%;}

In the fast-paced world of freight transportation, success is often determined by a carrier’s ability to deliver goods damage-free and on-time, but really, it’s driven by the people behind the scenes who make it all happen. 

That’s why new Chief Human Resources Officer of XPO, Carolyn Roach, is highly focused on building a workplace culture where each team member can thrive and feel motivated to perform at their best.

“F...

https://www.freightwaves.com/news/how-xpo-plans-to-become-a-talent-magnet-in-transportation

XPO beats Q1 expectations, eyes $50M in labor cost reductions

Less-than-truckload carrier XPO beat first-quarter expectations Thursday and provided commentary that sent shares higher.

XPO (NYSE: XPO) reported adjusted earnings per share of 56 cents, which was 10 cents higher than the consensus estimate and the first quarter of 2022. The result excluded transaction costs from the spinoff of its brokerage unit RXO (NYSE: RXO) and the decision to retain its European business unit. Restructuring costs in both of its segments were also excluded.

Less-than-trucklo...

RXO comes in relatively strong in quarter full of weak freight earnings

On the earnings call Wednesday for publicly traded 3PL RXO, Ravi Shanker of Morgan Stanley asked the question that lingered after the upbeat statements by company management: How can this company’s leaders be so optimistic?

Shanker is one of the network of transportation analysts who have sat through one dreary Q1 earnings call after another, with executives across the spectrum all talking about the “soft” market — a four-letter word that has come up on virtually every call — and forecasts that...

https://www.freightwaves.com/news/rxo-comes-in-relatively-strong-in-quarter-full-of-weak-freight-earnings

XPO positive on LTL focus, investments amid rocky market

video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) {padding-top: 56.25%;}

XPO has seen some major growth over the last year since the company announced its plan to divide its tech-enabled brokerage services into its own business, with the core of its business evolving to a stand-alone, purely less-than-truckload carrier serving 99% of ZIP codes in North America.

During April 3’s WHAT THE TRUCK!?! Ali Faghri, chief strategy officer at XPO, shared how the move has already brought value to its...

https://www.freightwaves.com/news/xpo-positive-on-ltl-focus-investments-amid-rocky-market

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.