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) 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.
XPO Logistics, a leading provider of transportation and logistics solutions, has launched an automated reverse logistics solution for a fashion e-commerce client in France. This technology can process up to 12 million returns annually and includes eight automated sorting lines and advanced scanner technology to increase efficiency. Additionally, an industrial baling press has been installed to reduce cardboard waste, promoting environmental sustainability. The CEO emphasized that automation enhances supply chain efficiency and improves the consumer experience in e-commerce.
XPO Logistics (NYSE: XPO) announced over 4,000 new job openings in its logistics division across North America to meet rising demand from e-commerce and automation. Open positions include roles such as material handlers and inventory specialists, offering both full-time and part-time opportunities. This hiring initiative is part of the preparations for the planned spin-off of XPO's logistics segment into GXO Logistics, set to occur later this year. The company emphasizes its strong compensation package and commitment to employee health and safety.
XPO Logistics proudly showcases its commitment to military veterans by displaying colorful vinyl wraps on its trucks during Military Appreciation Month. These trucks are driven by XPO drivers who are veterans and have achieved at least one million accident-free miles. The initiative spans multiple states, including Texas and New York. XPO has also been recognized as a bronze-level 2021 Military Friendly® Employer and provides tailored recruitment options for veterans, emphasizing its values of respect, inclusion, and safety.
XPO Logistics (NYSE: XPO) has secured a significant contract with Pearson Education to distribute educational materials across the UK. This relocation of distribution from Belgium to the UK not only improves delivery times for Pearson's primary and secondary school clients but also enhances operational visibility and flexibility. XPO's advanced technology allows for efficient management of course materials and customized clinical kits. This partnership emphasizes XPO's capability in providing tailored services to diverse markets, aiming to boost customer service and satisfaction.
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