Xpo Inc Stock Price, News & Analysis

XPO Logistics (NYSE: XPO) announced the appointment of Baris Oran as chief financial officer of GXO Logistics, Inc., the upcoming spin-off of XPO’s logistics segment. Oran, joining in May 2021, has over 20 years of finance experience, most recently serving as CFO of Sabanci Group. Under his leadership, GXO aims to leverage e-commerce growth and automation trends with 890 locations in 27 countries. The spin-off is expected to occur in the second half of 2021, enhancing GXO's position as a top logistics provider.

XPO Logistics, Inc. (NYSE: XPO) will host its first quarter conference call on May 4, 2021, at 8:30 a.m. ET, following the release of financial results after market close on May 3. Investors can access the call toll-free at 1-877-269-7756 (U.S./Canada) or +1-201-689-7817 (international). A live webcast will also be available at www.xpo.com/investors. A replay will be accessible until June 4, 2021.

XPO is a major logistics provider, operating over 1,629 locations across 30 countries to support more than 50,000 customers.

XPO Logistics has received a Supplier Achievement Award from Intel Corporation for its exceptional COVID-19 response in 2020. This award highlights XPO's dedication to quality and performance, emphasizing the collaboration between its workforce and technology. Malcolm Wilson, CEO of XPO Logistics - Europe, expressed pride in this recognition, attributing it to the high performance of their people. Intel's Supplier Achievement Awards are part of its quality improvement program that recognizes companies excelling in various performance metrics.

XPO Logistics, Inc. (NYSE: XPO) announced that Sandeep Sakharkar will become the chief information officer of GXO Logistics, Inc., the upcoming spin-off of XPO’s logistics segment. Currently serving as XPO’s senior VP of logistics technology, Sakharkar has over 20 years of experience in tech roles at notable companies. Following the spin-off, expected in the second half of 2021, GXO will emerge as a separate publicly traded company, becoming the second largest contract logistics provider globally, with operations in approximately 890 locations across 27 countries.

XPO Logistics and Nestlé have officially opened their advanced distribution center in the UK, enhancing logistics efficiency. This 638,000-square-foot facility at Segro East Midlands Gateway utilizes cutting-edge technology, including robotics and automated sorting systems, to optimize the supply chain for Nestlé products. The site accommodates goods from 11 manufacturing locations and supports significant e-commerce operations, bolstering Nestlé’s capacity to meet customer demand. Sustainability features include a railhead for efficient transport and plans for gas-powered trucks.

XPO Logistics will feature its CIO, Mario Harik, at the WSJ Pro Artificial Intelligence Executive Forum on March 31, 2021. Harik will discuss the integration of AI, machine learning, and digitization in enhancing supply chain resilience. The virtual event, titled “Reinventing the Supply Chain,” will be moderated by Sara Castellanos from The Wall Street Journal and commence at 11:20 a.m. Eastern Time. XPO, a global leader in logistics, operates across 30 countries and serves over 50,000 customers with proprietary technologies like XPO Connect™.

XPO Logistics (NYSE: XPO), a leader in transport and logistics, has launched a new technology pilot program in collaboration with Balyo, focusing on robotic reach trucks. This initiative marks XPO as the first logistics company in Europe to test Balyo's robotic equipment in real conditions at a distribution center in Blois, France. The robots can reach up to 11 meters and handle 10-20 pallets per hour, enhancing efficiency while working alongside employees. This partnership aims to optimize logistics performance and drive innovation in the field.

XPO Logistics has filed a confidential initial Form 10 registration statement for its planned spin-off of its logistics business, which will be named GXO Logistics. This spin-off aims to create two focused companies, enhancing operational efficiency. GXO will leverage years of technology investment, targeting growth in e-commerce and digital capabilities.
The completion of the spin-off is expected in the second half of 2021, contingent on various conditions including debt refinancing and board approval.

XPO Logistics has announced that three of its executives, Ashfaque Chowdhury, Drew Wilkerson, and Erik Caldwell, were honored by Supply & Demand Chain Executive as 2021 Pros to Know for their achievements in the supply chain industry. Troy Cooper, president of XPO, praised their leadership and experience, totaling over 40 years. XPO is recognized as one of the largest supply chain service providers globally, with significant roles in logistics and transportation. In 2020, its XPO Connect digital marketplace also received the SDCE 100 Award for Innovation.