Xpo Inc Stock Price, News & Analysis

XPO Logistics announced the appointment of Ravi Tulsyan as deputy chief financial officer, effective immediately. Tulsyan, who joined XPO in 2016, will also continue as the company’s treasurer, expanding his responsibilities within the global finance organization. Before XPO, he held significant treasury roles at The ADT Corporation, PepsiCo, and Xerox Corporation, showcasing his expertise in capital markets and financial planning. XPO, a top logistics provider, operates a network of 1,629 locations globally, serving over 50,000 customers.

XPO Logistics (NYSE: XPO) has announced the appointment of LaQuenta Jacobs as an independent director to the board of Soles4Souls, a non-profit organization focused on providing shoes and clothing to those in need. Jacobs, XPO's chief diversity officer, is set to leverage her expertise in logistics and her commitment to social inclusion to enhance the organization's impact. In 2020, XPO contributed logistics support for over 100,000 pairs of shoes to Soles4Souls, reflecting its commitment to social responsibility and community support.

XPO Logistics has been named Less-Than-Truckload (LTL) Collaborator of the Year by GlobalTranz Enterprises, acknowledging its strong performance in a challenging year. The award, presented during the GlobalTranz Agent Conference on January 19, 2021, highlights XPO's excellence in customer service, innovation, and financial performance. XPO operates with 12,000 drivers across 290 service centers, reflecting its robust logistics network. Tony Brooks, president of XPO’s LTL unit, expressed pride in this recognition, emphasizing the importance of collaboration and innovation for future growth.

XPO Logistics reported a strong fourth quarter for 2020, with revenue reaching $4.67 billion, up from $4.14 billion in Q4 2019. Operating income increased to $228 million, and diluted EPS was $0.91. Adjusted EBITDA for the quarter was $449 million. For 2021, the company anticipates adjusted EBITDA growth of 24% to 29%, projecting $1.725 billion to $1.8 billion. The logistics segment reported revenue of $1.76 billion, driven by e-commerce demand, while labor costs surged due to peak demand.

XPO Logistics, a global leader in transportation and logistics, has secured a new multi-year contract with Corteva Agriscience, enhancing its role in their supply chain. This expanded partnership includes truck brokerage and less-than-truckload services, supporting Corteva's seed distribution and crop protection products.

The collaboration, ongoing since Corteva's 2019 spin-off from DowDuPont, capitalizes on XPO's industry expertise and technology to drive efficiencies and support Corteva's growth plans.

XPO Logistics, a leading provider of supply chain solutions, has been awarded the Dow Sustainability Award for its achievements in road transportation. This recognition was given at Dow's 2020 Road Logistics Service Providers Conference. XPO's president, Drew Wilkerson, noted that the team is committed to enhancing sustainability through technology. Dow commended XPO for its driver training programs and eco-friendly performance rewards, reflecting their shared commitment to environmental stewardship. XPO's integrated network serves over 50,000 customers across 30 countries.

XPO Logistics (NYSE: XPO) will host its fourth quarter conference call and webcast on February 11, 2021, at 8:30 a.m. ET. Results will be released post-market on February 10. Interested parties can access the call via phone or live webcast through www.xpo.com/investors. A replay will be available until March 11, 2021. XPO is a leading global logistics provider serving over 50,000 customers with a robust network across 30 countries, featuring 1,629 locations and a workforce exceeding 100,000 employees.

XPO Logistics has renewed its contract with frozen food retailer Iceland Foods for warehousing and distribution services, extending their partnership to over a decade. The phased strategy aims to enhance growth capacity through technology and labor optimization, along with fleet improvements and cost savings. XPO's solution includes six dedicated Iceland warehouses and additional support to meet peak demands. The collaboration has led to annual improvements in safety performance despite challenges posed by COVID-19.