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) is widely covered in financial and industry news as an asset-based less-than-truckload (LTL) freight transportation company in North America with additional transportation operations in Europe. News about XPO often centers on its LTL performance metrics, technology initiatives and corporate developments, reflecting its role in the transportation and warehousing sector.
Investors following XPO news will see regular coverage of quarterly earnings results and operating data updates. The company releases detailed segment information for its North American LTL and European Transportation businesses, including revenue, operating income, adjusted EBITDA, adjusted operating ratio and key operating metrics such as shipments per day, tonnage per day and yield. These updates are typically accompanied by management commentary on freight conditions, pricing and productivity.
XPO’s news flow also includes Regulation FD disclosures and Form 8-K filings that furnish earnings press releases, investor presentations and preliminary operating metrics. These items give additional context on how the company views its performance, the use of non-GAAP measures and its expectations for the LTL segment.
Beyond financial results, XPO issues news on governance and leadership changes, such as board transitions and updates to executive roles. The company also highlights community and industry recognition, including its ongoing partnerships with Truckers Against Trafficking and Susan G. Komen 3-Day walks, as well as its repeated inclusion in the FreightTech 100 list.
By monitoring this news page, readers can review XPO’s earnings announcements, operating updates, governance disclosures and community initiatives in one place, using the flow of company communications to understand how its LTL and European transportation businesses are evolving over time.
XPO Logistics (NYSE: XPO) announced that Drew Wilkerson, current president of North American Transportation, will become CEO of its upcoming spin-off focused on tech-enabled brokered services. The spin-off aims to create two standalone public companies, enhancing growth potential in the brokerage sector. The transition is expected to finalize in Q4 2022. Wilkerson, a seasoned executive with over 14 years at XPO, has led significant growth in the truck brokerage revenue, which outpaced industry averages from 2013 to 2021.
XPO Logistics (NYSE: XPO) is expanding its North American LTL network with two new terminals in California and Georgia. The Adelanto, CA terminal, covering 51,500 sq. ft. with 99 doors, aims to meet rising demand from local manufacturing. Set to open this month, it enhances XPO’s operations in San Bernardino County. Meanwhile, the Conley, GA terminal will bolster pickup-and-delivery capacity in Atlanta, featuring 55,000 sq. ft. and 97 doors, expected to open in May. This initiative is part of XPO's five-point LTL action plan, adding a total of 345 net new doors to its network.
XPO Logistics has appointed David Phalen as senior vice president of pricing for its less-than-truckload (LTL) segment, effective immediately. Phalen brings over 22 years of expertise in pricing and revenue management, previously holding significant roles at American Airlines, US Airways, and Price Waterhouse. His experience is expected to enhance XPO's technology-enabled pricing strategies in North America.
Mario Harik, acting president of LTL, expressed confidence in Phalen's ability to contribute to the company's growth plans in this critical role.
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.
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