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 has finalized a $710 million divestiture of its North American intermodal business to STG Logistics, Inc., part of a broader strategy to create two independent publicly traded companies. The divested unit generated $1.2 billion in revenue in 2021 and included approximately 700 employees and 48 locations. CEO Brad Jacobs indicated this move simplifies the business model and enhances capital structure. The company plans to update guidance with the upcoming Q1 2022 financial results, but the completion of a planned spin-off remains uncertain.
XPO Logistics, Inc. (NYSE: XPO) has been recognized as a 2021 Supplier of the Year by General Motors in the transportation category, marking the fourth consecutive year of this honor. This award acknowledges XPO's superior performance in supporting GM's aftermarket parts distribution with a focus on on-time delivery and efficiency. XPO's president of North American transportation highlighted the company's commitment to optimizing part flow through advanced technology for reliable distribution. The award ceremony is part of GM's 30th annual Supplier of the Year presentation.
XPO Logistics (NYSE: XPO) announced a strategic plan to spin off its brokered transportation services, creating two focused companies. This tax-free spin-off aims to enhance value for stakeholders and concentrate on specific operational models. XPO will also divest its European and North American intermodal business. The spin-off is expected to be completed in Q4 2022, pending regulatory approvals and financial restructuring. The North American LTL business generated $4.1 billion in revenue in 2021, while the spin-off operations achieved $4.8 billion. Each entity will benefit from clearer strategic focuses, improved cash flow, and investor alignment.
XPO Logistics (NYSE: XPO) has been named Carrier Partner of the Year by GlobalTranz Enterprises for its less-than-truckload (LTL) performance, marking its second consecutive award. This recognition, based on criteria such as financial performance and technological innovation, underscores XPO’s position as a leading provider in North America. The company operates with a robust network of 291 terminals and over 12,000 drivers, handling approximately 13 million shipments annually. XPO’s commitment to value through technological advancement is highlighted by its proprietary XPO Connect® platform.
XPO Logistics, a top freight transportation provider, has expanded its less-than-truckload (LTL) Field Management Trainee Program aiming to graduate 100 participants in 2022. The program enhances training from 12 to 14 weeks and incorporates e-learning and mentorship, focusing on operations, customer service, and technology. Successful graduates can become LTL freight operations supervisors. The company continues to grow, with significant investments in its network infrastructure, including new terminals and manufacturing capacity, supporting its revenue growth strategy.
XPO Logistics reported record revenue of $3.36 billion for Q4 2021, a 14% year-over-year increase, with net income rising to $126 million from $34 million in Q4 2020. Adjusted EBITDA was $323 million, surpassing guidance. For 2022, the company forecasts adjusted EBITDA of $1.36 to $1.40 billion and adjusted diluted EPS of $5.00 to $5.45, reflecting increases of 11% and 22%, respectively. The North American LTL segment generated $1.0 billion in revenue, and the brokerage segment saw a 36% revenue increase to $846 million, driven by digital platform growth. CEO Brad Jacobs highlighted ongoing improvements in operating ratios and profitability.
