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), a leader in asset-based less-than-truckload (LTL) freight transportation, provides this centralized hub for official announcements and market-moving developments. Access real-time updates on operational milestones, financial performance, and strategic initiatives that shape North America's logistics landscape.
This resource delivers critical insights through earnings disclosures, technology innovation announcements, and network expansion updates. Users will find detailed coverage of cross-border logistics developments, service center openings, and efficiency improvements driven by XPO's proprietary technology platform.
Key updates include quarterly financial results, leadership changes, capacity expansions, and sustainability initiatives. The curated news flow enables stakeholders to track how XPO's asset-based model and digital transformation strategies impact freight markets.
Bookmark this page for direct access to XPO's verified corporate communications. Combine these updates with SEC filings and investor materials for comprehensive analysis of the company's market position and growth trajectory.
XPO Logistics, Inc. (NYSE: XPO) has appointed Alex Santoro as chief commercial officer, effective immediately. This role expands his responsibilities, focusing on aligning growth with long-term value creation. Chairman Bradley Jacobs praised Santoro's commercial instincts and understanding of supply chain customer relationships. Santoro brings over two decades of executive experience from industry leaders like Restaurant Brands International and has held various leadership roles in Latin America.
XPO Logistics (NYSE: XPO) has launched a significant recruitment drive to fill 15,000 job openings across North America, focusing on logistics, transportation, and corporate roles. The majority, approximately 8,000 positions, are in distribution centers located in several states including Indiana and California. The initiative aims for completion by November 15. Hiring incentives include peak pay, bonuses, and training opportunities for drivers. XPO aims to transition about 40% of seasonal hires into permanent roles post-holiday season.
XPO Logistics has made a strategic investment in Spain by acquiring 10 mega-trucks and 280 semi-trailers to enhance its eco-friendly fleet. The new mega-trucks can reduce carbon emissions by up to 20% and allow for 65% more freight per trip. The investment will expand XPO's less-than-truckload (LTL) network, covering key routes between major cities like Valencia, Malaga, and Madrid. With this addition, XPO's semi-trailer fleet now totals approximately 2,400 units, reinforcing its leadership in pallet transport in Spain.
XPO Logistics (NYSE: XPO) has been named Owens Corning's Supplier of the Year for 2020, recognized for its creative solutions and reliable service among over 100 nominees. Drew Wilkerson, XPO's president of North American transportation, highlighted the value of their long-term partnership and integrated supply chain efficiency. Brad Lazorka from Owens Corning praised XPO's agility and innovative approaches that enhance their supply chain operations. Since 2013, XPO has provided a broad range of logistics services to Owens Corning, solidifying their collaboration.
XPO Logistics (NYSE: XPO) is donating the transportation of 3,000 pairs of new shoes from Alabama to Tennessee for Soles4Souls, a nonprofit focused on alleviating poverty through footwear. This marks the second collaboration between XPO and Soles4Souls, following a previous commitment to transport over 100,000 shoes globally. LaQuenta Jacobs, XPO’s chief diversity officer, emphasized the importance of addressing the increased need for support this year. XPO operates across 30 countries with around 96,000 employees.
XPO Logistics, Inc. (NYSE: XPO) will host its third quarter earnings conference call on November 6, 2020, at 8:30 a.m. ET, following the release of results post-market on November 5. Interested parties can access the call via a toll-free number or international dialing. A replay will be available until December 6, 2020. XPO is a leading global logistics provider, operating in 30 countries with around 96,000 employees and 1,506 locations, serving over 50,000 customers.
XPO Logistics (NYSE: XPO) has been named the official transportation partner for the Susan G. Komen 3-Day® walks in 2021, significantly expanding its partnership with the leading breast cancer organization. The company will provide trucks and drivers for the events, which attract over 500,000 participants, and will also offer storage for event materials. Furthermore, XPO plans to match donations to Susan G. Komen up to $10,000 to support breast cancer research and assistance programs.
XPO Logistics (NYSE: XPO) has announced a partnership with the Hispanic Association of Colleges and Universities (HACU) to support initiatives focused on higher education access for Hispanic students. XPO's chief diversity officer, LaQuenta Jacobs, will speak at the HACU ¡Adelante! Leadership Institute on October 26, 2020, discussing how personal experiences can foster opportunities. HACU represents over 500 institutions dedicated to enhancing the educational experience for Hispanic students in the U.S., Puerto Rico, and beyond.
XPO Logistics announced significant growth in its XPO Connect digital freight marketplace, surpassing 65,000 registered carriers and reaching over 200,000 downloads of the Drive XPO mobile app. These milestones represent a 100% increase in app downloads and a 63% increase in carrier registrations since January 2020. Key drivers include XPO Connect's popularity for digital brokerage, rapid pandemic response, and the addition of new app features that optimize logistics. Drew Wilkerson emphasized the platform's immediate access to capacity as a critical factor for shippers and carriers.
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