STOCK TITAN

XPO Celebrates 30th Anniversary of Its US Trailer Manufacturing Facility

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
XPO celebrates the 30th anniversary of its in-house trailer manufacturing facility in Searcy, Arkansas, being the only freight transportation company in the US to produce its own trailers. The factory has produced nearly 90,000 trailers since 1994, employs over 300 people, and features custom-designed trailers with XPO's SafeStack system. The facility also focuses on recycling, with 86% of trailer materials being recycled. XPO has significantly increased manufacturing capacity to meet growing demand, producing over 6,400 trailers in 2023.
Positive
  • None.
Negative
  • None.

Only freight transportation provider to produce its trailers in-house

GREENWICH, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today is celebrating the 30th anniversary of its in-house trailer manufacturing facility in Searcy, Arkansas. XPO is the only freight transportation company in the US to manufacture its own trailers. The factory’s team has produced nearly 90,000 trailers since 1994.    
   
XPO’s plant in Searcy employs more than 300 people and is among the area’s largest employers. The factory produces custom-designed trailers that feature XPO’s proprietary SafeStack system for safe freight handling and transportation. The facility also enables the company to adjust production quickly to meet the specific needs of shippers. In addition, the Searcy factory is one of the nation’s most active centers for recycling used trailers, recycling 86% of trailer materials to reduce the amount of waste in landfills.
                  
Mario Harik, chief executive officer of XPO, said, “As the only freight transportation company to manufacture its own trailers, we are uniquely positioned to provide customers with both the capacity and reliable, world-class service to meet the rising demand for LTL shipping. Our in-house manufacturing facility enables us to maintain our trailer fleet at a lower cost, while quickly adapting to our customers' changing needs. We are proud of our talented team in Searcy for the great work they’re doing to support the growth of our fleet and the delivery of exceptional service for customers.”
   
XPO has increased manufacturing capacity significantly in Searcy over the past few years to meet growing demand for its freight transportation services. The plant produced more than 6,400 trailers in 2023, exceeding the company’s target and more than doubling the factory’s output in 2021.
  
Located at 2001 South Benton St. in Searcy, the factory features six production lines across 200,000 square feet of manufacturing space. The plant has provided strong career opportunities for thousands of area residents over the past three decades and training in sought-after specialties such as welding and production technology.  
   
About XPO   
XPO, Inc. (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Together with its business in Europe, XPO serves approximately 52,000 customers with 596 locations and 38,000 employees. The company is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, X, LinkedIn, Instagram and YouTube

Media Contact
Jaycie Cooper
+1 475-400-5003
jaycie.cooper@xpo.com


FAQ

How many trailers has XPO's in-house manufacturing facility produced since 1994?

XPO's in-house manufacturing facility in Searcy, Arkansas has produced nearly 90,000 trailers since 1994.

What is unique about XPO in terms of trailer manufacturing in the US?

XPO is the only freight transportation company in the US to manufacture its own trailers.

What is the name of XPO's proprietary system for safe freight handling and transportation?

XPO's custom-designed trailers feature the SafeStack system for safe freight handling and transportation.

Where is XPO's in-house trailer manufacturing facility located?

XPO's in-house trailer manufacturing facility is located at 2001 South Benton St. in Searcy, Arkansas.

How many trailers did the plant in Searcy produce in 2023?

The plant in Searcy produced more than 6,400 trailers in 2023, exceeding the company's target.

XPO, Inc.

NYSE:XPO

XPO Rankings

XPO Latest News

XPO Stock Data

12.37B
102.36M
0.83%
100.17%
4.27%
General Freight Trucking, Long-Distance, Truckload
Transportation and Warehousing
Link
United States of America
GREENWICH

About XPO

covered logistics & transportation llc (clt) is now part of xpo logistics, inc. xpo, a nyse company, is on a significant growth path which will lead it to over $5 billion in revenue in the next three years. xpo brings many resources to covered logistics, including ocean and air freight, over 400 express-1 vehicles, an air charter operation, and freight forwarding operation. xpo is committed to growing covered logistics and is applying the' its not broke, lets not fix' it philosophy, which means covered customers will continue to get outstanding service, communication and costs. covered transportation (ct) a high tech, asset based refrigerated carrier, continues to operate as an independent company. the business continues to be based on three core principles: the business must be noble, fun and profitable. an innovative entreprenurial spirt enables company associates to work in an atmosphere where their thoughts and ideas make a difference in providing quality service at competitive cos