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XPO, Inc.
XPO, Inc. (XPO Logistics, Inc.) is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 614 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
In Europe, XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile, and freight forwarding services. The company also manages multimodal solutions, such as road-rail and road-short sea combinations.
The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange under the ticker symbol XPO. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011. In June 2012, XPO listed its shares on the New York Stock Exchange.
XPO has acquired a number of logistics businesses in North America and overseas. Some notable acquisitions include: 3PD, Inc. (August 2013), Pacer International, Inc. (March 2014), Norbert Dentressangle SA (April 2015) and Con-way Inc. (October 2015). XPO paid US$3.56 billion, which included acquired debt, for European transport company Norbert Dentressangle and $3 billion for Con-way. In 2016, XPO sold its truckload division (acquired from Con-Way) to TransForce for $558 million in cash.
In June 2016, XPO was included in the Fortune 500 list of the largest US corporations based on revenue.
The company has conducted logistics operations for the Evian Golf Championship and the Paris Marathon. In 2019, XPO Logistics released a mobile game simulating freight operations for the Tour de France.
Beginning in 2021, XPO Logistics broke into three separate publicly traded companies, making XPO solely a less-than-truckload (LTL) provider.
In August 2021, the company spun off its contract logistics business into a separate company named GXO Logistics, with facilities located primarily throughout North America and Europe. GXO stands for "game-changing opportunities". Malcolm Wilson is the CEO of the company.
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XPO, Inc.
XPO, Inc. (XPO Logistics, Inc.) is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 614 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
In Europe, XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile, and freight forwarding services. The company also manages multimodal solutions, such as road-rail and road-short sea combinations.
The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange under the ticker symbol XPO. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011. In June 2012, XPO listed its shares on the New York Stock Exchange.
XPO has acquired a number of logistics businesses in North America and overseas. Some notable acquisitions include: 3PD, Inc. (August 2013), Pacer International, Inc. (March 2014), Norbert Dentressangle SA (April 2015) and Con-way Inc. (October 2015). XPO paid US$3.56 billion, which included acquired debt, for European transport company Norbert Dentressangle and $3 billion for Con-way. In 2016, XPO sold its truckload division (acquired from Con-Way) to TransForce for $558 million in cash.
In June 2016, XPO was included in the Fortune 500 list of the largest US corporations based on revenue.
The company has conducted logistics operations for the Evian Golf Championship and the Paris Marathon. In 2019, XPO Logistics released a mobile game simulating freight operations for the Tour de France.
Beginning in 2021, XPO Logistics broke into three separate publicly traded companies, making XPO solely a less-than-truckload (LTL) provider.
In August 2021, the company spun off its contract logistics business into a separate company named GXO Logistics, with facilities located primarily throughout North America and Europe. GXO stands for "game-changing opportunities". Malcolm Wilson is the CEO of the company.