Xpo Inc Stock Price, News & Analysis

XPO (NYSE: XPO) has appointed Ali Faghri as its new chief strategy officer, effective immediately. Faghri will oversee the company's strategy and growth opportunities, reporting directly to CEO Mario Harik. With over 12 years as a Wall Street analyst, specializing in the automotive sector, he brings significant experience from leading firms such as Guggenheim Partners. Harik commended Faghri's understanding of customer verticals, highlighting the potential value he will add to XPO's growth strategy. XPO is a major provider of less-than-truckload transportation in North America, serving approximately 43,000 shippers across 564 locations.

XPO (NYSE: XPO) has renewed its platinum partnership with Truckers Against Trafficking for 2023, coinciding with National Human Trafficking Awareness Day. This partnership enhances XPO's safety culture, providing anti-trafficking training to its drivers. In 2022, around 4,500 employees completed the training, aimed at recognizing signs of human trafficking. With an estimated 50 million trafficking victims globally, XPO's commitment mobilizes thousands of drivers to help combat this issue. The company operates across 564 locations and services about 43,000 shippers in North America.

XPO (NYSE: XPO) will host its fourth quarter conference call on February 9, 2023, at 8:30 a.m. ET, following the release of its results after market close on February 8. Investors can access the call via a toll-free number or through a live webcast at www.xpo.com/investors. A replay will be available until March 9, using the provided toll-free call options. XPO is a leading provider of less-than-truckload (LTL) transportation in North America with extensive technology and a robust network serving over 43,000 shippers.

XPO (NYSE: XPO), a major player in North America's less-than-truckload transportation, recently partnered with Elves & More to surprise 1,400 children with new bicycles in Akron. This event marks the last year of Elves & More's operation in Northeast Ohio and is part of a 16-year relationship that has brought joy to over 20,000 children. XPO's involvement, including volunteer support from employees, has been crucial for the successful delivery of bikes. XPO operates 564 locations and employs 38,000 people across North America.

XPO (NYSE: XPO) has initiated its third annual Soles4Souls shoe drive, running until December 31. The initiative aims to collect new and gently used shoes, with 142 US locations designated as donation points. XPO will transport the donated shoes for distribution. The company has pledged a cash donation for each pair collected. This campaign supports Soles4Souls’ goal of providing shoes to 1.5 million homeless children in the US. Chief diversity officer LaQuenta Jacobs emphasizes the importance of community contribution through this effort.

XPO (NYSE: XPO) announced the results of its tender offer to purchase cash for all its outstanding 6.250% Senior Notes due 2025. As of November 17, 2022, $407,624,000 of Notes were validly tendered, accepted and purchased on November 18, 2022, for a total consideration of $1,022.50 per $1,000. The aggregate purchase price was approximately $418 million, funded by a cash distribution from RXO, Inc. Following the transaction, $112,376,000 of Notes remain outstanding.

XPO Logistics (NYSE: XPO) has announced amendments to its tender offer for its outstanding 6.250% Senior Notes due 2025. The Total Consideration for each $1,000 principal amount of Notes will increase to $1,022.50. The expiration and withdrawal deadlines are extended to 5:00 p.m. NYC time on November 17, 2022. The company will eliminate the Early Tender Premium and all Notes accepted will settle on the Final Settlement Date. No further action is needed from Holders who have already tendered their Notes. This press release does not constitute an offer to buy or sell any security.