XPO

XPO adds former Old Dominion CFO to board

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 announced Thursday that Wes Frye, the former chief financial officer...

XPO says it’s ‘not sacrificing price to buy volume’

Less-than-truckload carrier XPO said it isn’t sacrificing yield to win market share on a Thursday call with analysts.

The company reported a 1% year-over-year (y/y) increase in tonnage during the fourth quarter compared to LTL peers that saw volumes decline by mid- to high-single digits. However, XPO (NYSE: XPO) saw an opposite trend in revenue per hundredweight, or yield. The company’s yield was up just 1% y/y excluding fuel surcharges, compared to the group, which reported mid- to...

XPO gains market share in Q4, beats analysts’ expectations

XPO registered tonnage growth in the fourth quarter, bucking an industry trend of mid- to high-single-digit declines, on its way to beating analysts’ expectations.

The company reported fourth-quarter adjusted earnings per share of 98 cents Wednesday after the market closed. The result was 14 cents ahead of consensus, according to Seeking Alpha, and 34 cents higher year over year (y/y).

The number excluded several items related to the spinoff of its brokerage unit (NYSE: RXO), a noncash impairment...

GXO sees moderating warehouse labor cost-inflation

Warehouse labor cost-inflation has eased in recent months, though warehouse capacity remains tight in Europe and North America, according to the CFO of contract logistics giant GXO Logistics Inc.

In a recent phone interview, Baris Oran said that GXO’s (NYSE: GXO) warehouse labor costs are “easing across the world,” with the pace of inflation slowing from red-hot 2022 levels. Labor inflation is “decelerating as a percentage” of GXO’s overall costs, he said

The labor market isn’t “as tight as it...

https://www.freightwaves.com/news/gxo-sees-moderating-warehouse-labor-cost-inflation

XPO taps equities analyst as new chief strategy officer

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 announced Tuesday it has named equity research analyst Ali Faghri...

GXO expects to double revenue, triple EBITDA by 2027

GXO Logistics Inc. said Thursday it expects to nearly double its revenue and triple its adjusted earnings by 2027 as it foresees increasing demand for its services.

In its first investor day since becoming a public company in August 2021, Greenwich, Connecticut-based GXO (NYSE: GXO) said it expects revenue to grow by 8% to 12% annually from 2021 through ’27. The company said that would leave its revenue at about $17 billion by then.

GXO expects adjusted earnings before interest, taxes,...

https://www.freightwaves.com/news/gxo-expects-to-double-revenue-triple-ebitda-by-2027

Acuerdos transformadores en el transporte por carretera durante 2022 

El flujo de operaciones en el sector del transporte y la logística se ralentizó notablemente en 2022 con el enfriamiento de la economía. Los inversionistas se han vuelto más reacios al riesgo, minimizando la exposición a empresas con historiales menos probados, a medida que los tipos de interés se han disparado y los mercados de crédito se han endurecido. 

Hasta noviembre, el valor de las transacciones en el sector ascendió a 52 billones de dólares en 380 operaciones, frente a 600 operaciones...

https://www.freightwaves.com/news/acuerdos-transformadores-en-el-transporte-por-carretera-durante-2022

Transformational deals in trucking during 2022

Deal flow in the transportation and logistics space slowed notably in 2022 as the economy cooled. Investors have become more risk averse, minimizing exposure to companies with less-proven track records, as interest rates have soared and credit markets have tightened.

Through November, transaction values in the industry totaled $52 billion across 380 deals compared with 600 deals for $181 billion in total during 2021, according to a report from global investment bank Houlihan Lokey (NYSE: HLI).

Eve...

XPO ve múltiples vías para aumentar sus beneficios en LTL 

Durante los dos últimos años, XPO (NYSE: XPO) ha estado en proceso de desmantelar el gigante del transporte y la logística en el que se había convertido a través de múltiples adquisiciones en la última década. Sin embargo, la pieza final -la venta de su unidad de transporte europea- se retiró a principios de este mes debido al “debilitamiento de los mercados de capitales en Europa”. 

“Hemos detenido el proceso y no vamos a vender el negocio aquí a corto plazo”, dijo el nuevo CEO Mario Harik a...

https://www.freightwaves.com/news/xpo-ve-multiples-vias-para-aumentar-sus-beneficios-en-ltl

XPO sees multiple paths to grow LTL earnings

For the last two years, XPO (NYSE: XPO) has been in the process of breaking up the transportation and logistics behemoth it had become via multiple acquisitions over the last decade. However, the final piece — the sale of its European Transportation unit — was pulled earlier this month due to “weakened capital markets in Europe.”

“[We] stopped the process and we’re not going to be selling the business here in the near term,” new CEO Mario Harik told FreightWaves, noting the unit continues to...

+ 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.