XPO Logistics Named Supplier of the Year by Owens Corning
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
Positive
- Awarded Owens Corning Supplier of the Year for 2020.
- Recognized for creative solutions and reliable service.
- Long-standing partnership with Owens Corning since 2013.
Negative
- None.
Details
News Market Reaction – XPO
The recorded move for XPO in the trading session of this news was +1.77%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GREENWICH, Conn., Oct. 15, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has been honored as an Owens Corning Supplier of the Year for 2020. Owens Corning cited XPO’s “creative and innovative solutions, with consistently reliable service” when selecting the company from more than 100 supplier nominees.
Drew Wilkerson, XPO’s president of North American transportation, said, “We’re honored to be recognized by Owens Corning for consistently delivering superior results. Our long-standing partnership demonstrates the value of taking an integrated approach to supply chain efficiency – in this case, with multiple transportation services and logistics support. This is truly a team effort.”
“We value the agility that XPO brings to our entire supply chain,” said Brad Lazorka, vice president, sourcing and supply chain for Owens Corning. "They know our business extremely well and consistently suggest new approaches that improve results. We congratulate XPO on this well-deserved recognition."
XPO has been supporting the Owens Corning supply chain in North America since 2013 with a broad range of services, including less-than-truckload transportation as a single-source provider. Additionally, XPO supports Owens Corning with truck brokerage, expedite, intermodal, drayage and managed transportation services, and with warehousing solutions.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world. The company operates as a highly integrated network of people, technology and physical assets in 30 countries, with 1,506 locations and approximately 96,000 employees. XPO uses its network to help more than 50,000 customers manage their goods most efficiently throughout their supply chains. XPO's corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. xpo.com
Media Contact
XPO Logistics, Inc.
Joe Checkler
+1-203-423-2098
joseph.checkler@xpo.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.