Welcome to our dedicated page for Xpo news (Ticker: XPO), a resource for investors and traders seeking the latest updates and insights on Xpo stock.
XPO Inc (NYSE: XPO), a leader in asset-based less-than-truckload (LTL) freight transportation, provides this centralized hub for official announcements and market-moving developments. Access real-time updates on operational milestones, financial performance, and strategic initiatives that shape North America's logistics landscape.
This resource delivers critical insights through earnings disclosures, technology innovation announcements, and network expansion updates. Users will find detailed coverage of cross-border logistics developments, service center openings, and efficiency improvements driven by XPO's proprietary technology platform.
Key updates include quarterly financial results, leadership changes, capacity expansions, and sustainability initiatives. The curated news flow enables stakeholders to track how XPO's asset-based model and digital transformation strategies impact freight markets.
Bookmark this page for direct access to XPO's verified corporate communications. Combine these updates with SEC filings and investor materials for comprehensive analysis of the company's market position and growth trajectory.
XPO Logistics reported strong second-quarter 2022 results, with revenue of $3.23 billion and a net income of $141 million, reflecting year-over-year increases. Adjusted EBITDA reached a record $405 million, showing substantial growth from $330 million a year earlier. The North American LTL operating ratio improved to 82.5%, and the company achieved a 16% volume growth in truck brokerage. XPO raised its 2022 outlook for adjusted EBITDA to $1.40 billion - $1.43 billion, demonstrating confidence in ongoing business momentum.
XPO Logistics has been appointed the official transport partner for the inaugural Tour de France Femmes avec Zwift, taking place from July 24-31, 2022. The company will utilize 14 drivers to move 200 tons of cargo over 1,000 kilometers. Simultaneously, 58 drivers are managing 570 tons of cargo for the ongoing Tour de France, covering 3,328 kilometers. XPO aims to support women's athletics and inspire more women to pursue careers in transportation. The dedicated team is trained in emissions-reduction and safety protocols for efficient operations during the event.
XPO Logistics (NYSE: XPO) announced a new identity for its planned spin-off, named RXO, aimed at becoming a leader in tech-enabled brokerage services. RXO emphasizes reliability multiplied by outperformance and will focus on truck brokerage as a key component. The spin-off is expected to be completed in Q4 2022, creating two independent publicly traded companies. Financial advisors including BofA Securities and Goldman Sachs have been retained for this process. The RXO brand will launch with a robust digital platform to meet automation demands in the transportation market.
XPO Logistics, Inc. (NYSE: XPO) will host its second quarter conference call on August 5, 2022, at 8:30 a.m. ET. Results will be disclosed after market close on August 4. Interested parties can access the call via toll-free numbers or through a live webcast at www.xpo.com/investors. A replay will be available until September 5, 2022. XPO is a leading provider of freight transportation services, specializing in less-than-truckload (LTL) and truck brokerage, utilizing advanced technology to optimize supply chain efficiency.
XPO Logistics will support the 2022 Tour de France as its official transport partner for the 42nd year, using environmentally friendly practices. With a fleet of 42 trucks, including 18 powered by hydrotreated vegetable oil (HVO), XPO aims to reduce CO2 emissions by up to 85% compared to diesel. The company transported over 570 tons across 3,328 kilometers and emphasizes commitment to sustainability and safety. This initiative follows a successful biofuel pilot in 2021, demonstrating XPO's ongoing focus on eco-friendly operations.
XPO Logistics (NYSE: XPO) announced the appointment of Yoav Amiel as chief information officer for its upcoming asset-light brokered transportation platform spin-off. Amiel has 25 years of tech experience and has led the development of XPO Connect, enhancing the company's digital brokerage. The spin-off, expected to be completed in Q4 2022, aims to create two distinct publicly traded entities, focusing on growth in North America. XPO's truck brokerage service will significantly contribute to the new company, alongside other brokered services.
XPO Logistics and Google Cloud have announced a multi-year partnership aimed at revolutionizing supply chain efficiency using artificial intelligence and data analytics. This collaboration will enhance XPO’s operational capabilities, enabling real-time insights for decision-making and improving visibility across supply chains. The migration of key applications to Google Cloud is designed to address market unpredictability and rising demand. Additionally, XPO aims to meet sustainability goals by leveraging Google Cloud's renewable energy initiatives, optimizing its transportation services, and reducing operational emissions.
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