Xpo Inc Stock Price, News & Analysis

XPO Logistics announced the appointment of Mark Manduca as chief investment officer for GXO Logistics, the anticipated spin-off of XPO's logistics operations. Effective May, Manduca will drive GXO’s growth strategy and manage its asset portfolio. He is noted for leading top-ranked transport research, earning accolades from Institutional Investor. The spin-off aims to position GXO as a leading player in the logistics sector, catering to e-commerce and supply chain outsourcing trends, supported by 890 locations across 27 countries.

XPO Logistics (NYSE: XPO) has partnered with IRONMAN EMEA for a multi-year agreement running through 2023. XPO will manage the transportation of essential infrastructure for over 20 IRONMAN races scheduled in 2021 across Europe. With a proven track record in event logistics, XPO will utilize a dedicated fleet to ensure timely setup. This partnership underscores XPO's capabilities as a logistics provider for major sporting events, leveraging experience from previous collaborations with prestigious competitions like the Tour de France.

XPO Logistics (NYSE: XPO) reports strong momentum heading into 2021, driven by a V-shaped recovery across customer sectors. The company anticipates a significant GDP growth, possibly reaching 10%. XPO's performance has surpassed pre-pandemic levels due to e-commerce, outsourcing, and automation demand. The North American LTL business aims for over $1 billion in adjusted EBITDA for 2022. XPO is progressing on its spin-off plan to separate logistics from transportation operations, targeting $1.725 to $1.8 billion in adjusted EBITDA growth in 2021.

XPO Logistics (NYSE: XPO) announced a significant hiring initiative, seeking over 1,400 CDL-A drivers and dockworkers across North America to meet rising demand for its less-than-truckload (LTL) services. This recruitment includes approximately 750 truck driver positions and 700 dockworker roles, with opportunities for tuition-free training to become a commercial driver. XPO emphasizes its position as a leading LTL provider, leveraging a network of 290 service centers and aiming to enhance job creation and support for its customers.

XPO Logistics (NYSE: XPO) announced the appointment of Baris Oran as chief financial officer of GXO Logistics, Inc., the upcoming spin-off of XPO’s logistics segment. Oran, joining in May 2021, has over 20 years of finance experience, most recently serving as CFO of Sabanci Group. Under his leadership, GXO aims to leverage e-commerce growth and automation trends with 890 locations in 27 countries. The spin-off is expected to occur in the second half of 2021, enhancing GXO's position as a top logistics provider.

XPO Logistics, Inc. (NYSE: XPO) will host its first quarter conference call on May 4, 2021, at 8:30 a.m. ET, following the release of financial results after market close on May 3. Investors can access the call toll-free at 1-877-269-7756 (U.S./Canada) or +1-201-689-7817 (international). A live webcast will also be available at www.xpo.com/investors. A replay will be accessible until June 4, 2021.

XPO is a major logistics provider, operating over 1,629 locations across 30 countries to support more than 50,000 customers.

XPO Logistics has received a Supplier Achievement Award from Intel Corporation for its exceptional COVID-19 response in 2020. This award highlights XPO's dedication to quality and performance, emphasizing the collaboration between its workforce and technology. Malcolm Wilson, CEO of XPO Logistics - Europe, expressed pride in this recognition, attributing it to the high performance of their people. Intel's Supplier Achievement Awards are part of its quality improvement program that recognizes companies excelling in various performance metrics.

XPO Logistics, Inc. (NYSE: XPO) announced that Sandeep Sakharkar will become the chief information officer of GXO Logistics, Inc., the upcoming spin-off of XPO’s logistics segment. Currently serving as XPO’s senior VP of logistics technology, Sakharkar has over 20 years of experience in tech roles at notable companies. Following the spin-off, expected in the second half of 2021, GXO will emerge as a separate publicly traded company, becoming the second largest contract logistics provider globally, with operations in approximately 890 locations across 27 countries.