Xpo Inc Stock Price, News & Analysis

XPO Logistics, Inc. announced the appointment of Meagan Fitzsimmons to the leadership team of GXO Logistics, the intended spin-off of XPO’s logistics business. Fitzsimmons, currently XPO's chief compliance officer, will oversee GXO’s global ethics and compliance framework. With 14 years of experience from major corporations, she is expected to enhance GXO’s business conduct and risk management. The anticipated spin-off is slated for Q3 2021, creating two independent companies poised to leverage the growing demand for logistics automation and supply chain outsourcing.

XPO Logistics, Inc. (NYSE: XPO) announced that its subsidiary, GXO Logistics, Inc., has begun an offering of 144A notes with registration rights, aimed at qualified institutional buyers. This follows XPO's plan to spin off its logistics segment into a separate publicly traded company, GXO, expected by Q3 2021. GXO aims to become the second largest contract logistics company globally, while XPO will focus on transportation services. The spin-off's completion is uncertain, subject to various conditions.

XPO Logistics, Inc. has completed a buy-out offer for the remaining 3% of shares in XPO Logistics Europe, resulting in a cash payout of €315 per share, amounting to approximately €108 million total. This transaction was finalized on June 4, 2021, with support from the Supervisory Board and approval from the French Autorité des marchés financiers. Following this, XPO Logistics Europe shares were delisted from Euronext Paris on May 27, 2021. XPO continues to operate globally, providing supply chain solutions across 30 countries.

XPO Logistics (NYSE: XPO) has raised its full-year 2021 adjusted EBITDA guidance to $1.845 billion-$1.895 billion, reflecting strong Q2 performance. The logistics segment expects 28%-32% growth, while transportation is projected to grow by 32%-36%. For 2022, the planned spinoff GXO aims for 8%-12% organic revenue growth and adjusted EBITDA of $700 million-$735 million, indicating a 14%-20% increase year-over-year. Investor Days will be held in July 2021, and the spinoff is targeted for completion in Q3 2021, aiming for investment-grade ratings for both entities.

XPO Logistics has announced two key executive appointments ahead of its planned spin-off of the logistics business into GXO Logistics. Eduardo Pelleissone will serve as president for the Americas and Asia Pacific, and Neil Shelton has been appointed as chief strategy officer. Pelleissone brings over 20 years of experience from companies like Kraft Heinz and America Latina Logistica, while Shelton has a strong background in investment strategy from firms like JP Morgan. The spin-off is set for Q3 2021, creating two independent public companies focused on logistics and transportation.

XPO Logistics (NYSE: XPO) has signed a contract with Barilla, the world’s largest pasta manufacturer, to manage supply chain logistics for Barilla’s new e-commerce platform, "Dedicato a Te", in Italy. This agreement extends their partnership that began in 2018 with XPO managing logistics for CucinaBarilla. XPO will handle order fulfillment from its Trezzo sull’Adda warehouse, adhering to HACCP regulations and customizing packaging for consumers. The partnership aims to leverage synergies from existing logistics operations, ensuring a tailored e-commerce experience for Barilla customers.

XPO Logistics, Inc. (NYSE: XPO) has been named a Leader in the 2021 Gartner Magic Quadrant for Third-Party Logistics in North America, marking its fifth recognition in this category. The evaluation included 19 logistics providers, assessing their completeness of vision and ability to execute. CEO Malcolm Wilson credited XPO's technology and operational agility during the pandemic for their continued excellence. This acknowledgment underscores the growing importance of digital capabilities and supply chain visibility in the logistics sector.

XPO Logistics (NYSE: XPO) has been recognized as the top transportation and logistics company in the Fortune 500 for the fifth consecutive year, ranking No. 1 in its industry and No. 190 overall based on 2020 revenue of $16.252 billion. CEO Brad Jacobs emphasized the company's ability to outperform in varying market conditions. Additionally, XPO has been recognized as one of the World’s Most Admired Companies by Fortune since 2018, reflecting its status and impact in the supply chain solutions sector.

XPO Logistics (NYSE: XPO) has appointed Angus Tweedie as senior vice president of strategy for GXO Logistics, the logistics business set to spin off in the second half of 2021. Tweedie, an experienced analyst from Citigroup and Bank of America, will work with GXO’s management to identify growth opportunities. XPO's logistics business, the second largest globally, comprises 885 logistics locations across 27 countries, poised to leverage trends in e-commerce and supply chain outsourcing.