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, based in Greenwich, Conn., will hold its third quarter conference call on October 31, 2022, at 8:30 AM ET. The results will be released earlier that morning and can be accessed on www.xpo.com. Investors can join the call via a toll-free number or listen to a live webcast at www.xpo.com/investors. A replay will be available until December 1, 2022. XPO, a leader in freight transportation services with approximately 749 locations and serving 50,000 shippers globally, utilizes proprietary technology to optimize supply chain efficiency.
XPO Logistics announced that Heidi Ratti will be the chief human resources officer of RXO, which is the planned spin-off of its tech-enabled brokered transportation platform. Ratti, currently senior VP of HR for XPO’s North American less-than-truckload business, brings over 16 years of HR experience in transportation. The spin-off, expected in Q4 2022, aims to create RXO as a major player in full truckload freight, leveraging a proprietary digital freight marketplace. The spin-off's success hinges on several conditions, including board approval and regulatory requirements.
XPO Logistics (NYSE: XPO) has filed a Form 10 registration statement with the U.S. SEC for the spin-off of RXO, its tech-enabled brokered transportation platform, slated for Q4 2022. RXO is expected to become the fourth largest truckload broker in the U.S., while XPO will focus on less-than-truckload services in North America and divest its European operations. Financial advisors BofA Securities, Goldman Sachs, and Morgan Stanley are assisting in the spin-off process. The transaction is subject to several conditions including SEC approval and debt financing for RXO.
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XPO Logistics, Inc. (NYSE: XPO) has announced the inaugural board of directors for its upcoming spin-off, RXO, a tech-enabled brokered transportation platform. Effective upon the transaction's closing, expected in Q4 2022, RXO's board will include seven independent directors. Brad Jacobs remains non-executive chairman, while Drew Wilkerson will lead as CEO. The spin-off aims to create two independent publicly traded companies, with RXO positioned as the fourth-largest freight broker in the U.S. The spin-off is subject to various regulatory conditions.
XPO Logistics, Inc. (NYSE: XPO) has been named to the 2023 FreightTech 100 by FreightWaves, recognizing the most innovative companies in the transportation sector. The upcoming spin-off RXO also made the list, highlighting its potential as a standalone brokered transportation leader. Mario Harik, XPO’s CIO and incoming CEO, noted the company has invested over $3 billion in technology over the past 11 years to enhance supply chain efficiency. The FreightTech 100 received over 1,500 nominations, with a shortlist for the FreightTech 25 expected in November.
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XPO Logistics, Inc. has appointed Jared Weisfeld as chief strategy officer for its upcoming spin-off, RXO, which will focus on brokered transportation. Weisfeld, previously with Jefferies Financial Group, will drive RXO's strategy and growth opportunities, reporting to Drew Wilkerson, the CEO of RXO. The spin-off is expected to be completed in Q4 2022, transitioning XPO into two publicly traded companies, enhancing opportunities in North America's transportation sector.
XPO Logistics, Inc. (NYSE: XPO) has announced the appointment of Jay Silberkleit as chief information officer, effective upon the spin-off of its brokered transportation platform. Silberkleit will succeed Mario Harik, who is set to become CEO after the spin-off. As a long-time XPO leader, Silberkleit has played a key role in shaping the company’s technology and LTL optimization. The spin-off, expected to finalize in Q4 2022, aims to create two distinct companies targeting growth in North America.
XPO Logistics (NYSE: XPO) has appointed Jamie Harris as the CFO of RXO, the upcoming spin-off of XPO’s brokered transportation platform, starting September 26, 2022. Harris has 35 years of experience, including roles at SPX Technologies and Coca-Cola Consolidated. Concurrently, David Murray has been named Vice President of Financial Shared Services and Treasurer for RXO. The spin-off, aimed to enhance growth prospects, is expected to finalize in Q4 2022. Both appointments are part of XPO's strategy to strengthen its leadership ahead of the separation.