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 announced a registered underwritten offering of 5 million shares at $138.00 per share, with half sold by the company and half by Jacobs Private Equity. This offering, expected to close on July 1, 2021, allows underwriters a 30-day option for an additional 750,000 shares. Proceeds will be used to repay debt and for general corporate purposes. Notably, XPO will not receive funds from shares sold by the private equity firm.
XPO Logistics announced a registered underwritten offering of 5 million shares of common stock, equally divided between XPO and Jacobs Private Equity, LLC. The underwriters may purchase up to an additional 750,000 shares. Proceeds will be used to repay a portion of outstanding borrowings and for general corporate purposes. After the offering, Brad Jacobs and affiliates will hold approximately 13.58% of XPO’s shares.
XPO Logistics (NYSE: XPO) continues its longstanding partnership with the Tour de France, set to serve as the official transport partner for the 41st consecutive year, starting June 26. A team of 75 XPO drivers will manage the logistics across 21 stages, transporting over 420 tons of cargo via 54 trucks over 3,383 kilometers. The company emphasizes safety and sustainability, implementing rigorous COVID-19 protocols and testing biofuel options. XPO will also engage with fans at Tour Fan Parks, promoting awareness and employment opportunities.
XPO Logistics has secured a multiyear logistics contract with Electrolux Logistics SAS to manage operations in France, shifting from in-house distribution. The partnership enhances supply chain efficiency using XPO's technology-driven solutions. Approximately 90% of the inventory consists of large appliances, complemented by smaller items. Additionally, XPO will aid Electrolux's e-commerce launch this year from the same distribution center, now employing 46 former Electrolux staff. This collaboration is crucial for Electrolux's growth strategy and reflects XPO's logistics capabilities.
XPO Logistics has announced the pricing of an $800 million offering of 144A notes as part of the spin-off of its logistics segment, GXO Logistics. The offering includes $400 million in notes maturing in 2026 at a 1.650% interest rate and another $400 million maturing in 2031 at a 2.650% interest rate. Proceeds will be used for cash distribution to XPO, working capital for GXO, and related expenses. The spin-off, anticipated in Q3 2021, aims to create two independent companies focused on logistics and transportation services.
XPO Logistics, Inc. announced the appointment of Meagan Fitzsimmons to the leadership team of GXO Logistics, the intended spin-off of XPO’s logistics business. Fitzsimmons, currently XPO's chief compliance officer, will oversee GXO’s global ethics and compliance framework. With 14 years of experience from major corporations, she is expected to enhance GXO’s business conduct and risk management. The anticipated spin-off is slated for Q3 2021, creating two independent companies poised to leverage the growing demand for logistics automation and supply chain outsourcing.
XPO Logistics, Inc. (NYSE: XPO) announced that its subsidiary, GXO Logistics, Inc., has begun an offering of 144A notes with registration rights, aimed at qualified institutional buyers. This follows XPO's plan to spin off its logistics segment into a separate publicly traded company, GXO, expected by Q3 2021. GXO aims to become the second largest contract logistics company globally, while XPO will focus on transportation services. The spin-off's completion is uncertain, subject to various conditions.
XPO Logistics, Inc. has completed a buy-out offer for the remaining 3% of shares in XPO Logistics Europe, resulting in a cash payout of €315 per share, amounting to approximately €108 million total. This transaction was finalized on June 4, 2021, with support from the Supervisory Board and approval from the French Autorité des marchés financiers. Following this, XPO Logistics Europe shares were delisted from Euronext Paris on May 27, 2021. XPO continues to operate globally, providing supply chain solutions across 30 countries.
