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. reports news centered on asset-based less-than-truckload freight transportation, with emphasis on its North American LTL network, pricing, shipment trends, tonnage, operating ratio and service performance. Company updates also cover quarterly earnings, adjusted profitability measures, customer-focused freight operations and the use of proprietary technology and AI to manage linehaul, dock, pickup and delivery activity.
Recurring XPO announcements include preliminary LTL operating metrics, earnings conference calls, investor presentation materials, safety and trucking-industry recognition, and community or workforce initiatives tied to its freight transportation business in North America and Europe.
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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XPO Logistics (NYSE: XPO) announced the expansion of its Academic Partners Program, providing discounted accredited courses to hourly workers in the U.S. Eligible employees can combine a $5,250 annual tuition reimbursement with discounts to earn tuition-free degrees across 80 fields. Additionally, partnerships with institutions like the Massachusetts Institute of Technology offer access to executive education courses at reduced prices. This initiative aims to enhance personal growth and career development within the workforce.
XPO Logistics has announced that Katrina Liddell, president of its North American transportation unit, is a finalist for the 2020 Influential Woman in Trucking Award. This honor, presented by the Women in Trucking Association (WIT), recognizes female leaders in the freight industry. Liddell's notable leadership at XPO, where she previously led sales, marks a significant achievement. The award winner will be revealed on November 13, 2020, during a virtual panel at the WIT Accelerate! Conference and Expo, where Liddell will also participate.
XPO Logistics, a global provider in transportation and logistics, has renewed its partnership with the Massachusetts Institute of Technology's (MIT) Industrial Liaison Program. This collaboration, first established in 2019, aims to leverage MIT's research to advance innovations in supply chain technology. Key benefits include access to emerging technologies, MIT's private knowledge base, and connections with over 1,800 active technology startups. Mario Harik, XPO's CIO, expressed enthusiasm for the continued partnership and its potential to enhance customer service and productivity.
XPO Logistics (NYSE: XPO) announces the appointment of Erik Caldwell as president of its last mile business unit, overseeing operations in the US and Canada. This unit is responsible for over 10 million home deliveries of large goods annually, including appliances and furniture. Caldwell brings 16 years of experience from retail and industrial supply chains, having joined XPO in 2017 as COO. His expertise aligns with the company's strategy to leverage e-commerce growth. This leadership change is expected to enhance XPO's service efficiency and market competitiveness.
XPO Logistics (NYSE: XPO) has launched an upgraded version of its app, XPO Moves the Tour, coinciding with the Tour de France. The app features Journey mode, where players drive an XPO truck along the race route, and Arcade mode, focusing on high scores by safely collecting fuel canisters. Mario Harik, XPO's CIO, emphasized the app's role in enhancing the spectator experience and celebrating 40 years of partnership with the Tour. XPO Logistics, a leading global logistics provider, operates in 30 countries and serves over 50,000 customers.