Xpo Inc Stock Price, News & Analysis

XPO Logistics, Inc. (NYSE: XPO) will announce its first-quarter financial results on May 9, 2022, following market close. A conference call is scheduled for May 10 at 8:30 a.m. ET to discuss these results. Investors can access the call via a toll-free number or through a live webcast on the XPO website. A replay will be available until June 10, 2022. XPO is recognized as a prominent provider of freight transportation services, utilizing advanced technology to streamline supply chains for around 50,000 customers globally.

XPO Logistics (NYSE: XPO) has celebrated the achievements of two notable leaders, Ina Daly and Alyssa Myers, who received the 2022 SDCE Pros to Know award. Daly, an accomplished LTL driver, was recognized for her exceptional safety record, surpassing three million accident-free miles, while Myers has been instrumental in advancing the XPO Connect digital brokerage platform. LaQuenta Jacobs, chief diversity officer, highlighted the importance of diversity in the transportation industry, reflecting XPO's commitment to fostering talent.

XPO Logistics has finalized a $710 million divestiture of its North American intermodal business to STG Logistics, Inc., part of a broader strategy to create two independent publicly traded companies. The divested unit generated $1.2 billion in revenue in 2021 and included approximately 700 employees and 48 locations. CEO Brad Jacobs indicated this move simplifies the business model and enhances capital structure. The company plans to update guidance with the upcoming Q1 2022 financial results, but the completion of a planned spin-off remains uncertain.

XPO Logistics, Inc. (NYSE: XPO) has been recognized as a 2021 Supplier of the Year by General Motors in the transportation category, marking the fourth consecutive year of this honor. This award acknowledges XPO's superior performance in supporting GM's aftermarket parts distribution with a focus on on-time delivery and efficiency. XPO's president of North American transportation highlighted the company's commitment to optimizing part flow through advanced technology for reliable distribution. The award ceremony is part of GM's 30th annual Supplier of the Year presentation.

XPO Logistics (NYSE: XPO) announced a strategic plan to spin off its brokered transportation services, creating two focused companies. This tax-free spin-off aims to enhance value for stakeholders and concentrate on specific operational models. XPO will also divest its European and North American intermodal business. The spin-off is expected to be completed in Q4 2022, pending regulatory approvals and financial restructuring. The North American LTL business generated $4.1 billion in revenue in 2021, while the spin-off operations achieved $4.8 billion. Each entity will benefit from clearer strategic focuses, improved cash flow, and investor alignment.

XPO Logistics (NYSE: XPO) has been named Carrier Partner of the Year by GlobalTranz Enterprises for its less-than-truckload (LTL) performance, marking its second consecutive award. This recognition, based on criteria such as financial performance and technological innovation, underscores XPO’s position as a leading provider in North America. The company operates with a robust network of 291 terminals and over 12,000 drivers, handling approximately 13 million shipments annually. XPO’s commitment to value through technological advancement is highlighted by its proprietary XPO Connect® platform.