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 (NYSE: XPO), a global leader in transportation and logistics, has launched a companywide shoe drive this December to benefit the non-profit organization Soles4Souls. The drive encourages employees to donate new or gently used shoes to assist those living below the poverty line. This initiative is an extension of XPO's earlier support, which included donated supply chain services. LaQuenta Jacobs, XPO’s chief diversity officer, emphasizes the campaign's aim to bring comfort and kindness to those in need.
XPO Logistics has deployed 370 advanced barcode scanners in warehouses across the UK, Spain, France, and the Netherlands. These fixed-mount scanners enhance inventory data reading efficiency, replacing shared handheld devices with a more hygienic option. Following successful pilot programs with major retailers like H&M, the technology aims to boost throughput by over 10% on average, particularly during the holiday season. As Europe's leader in outsourced e-fulfillment, XPO is adapting to increasing online orders accelerated by COVID-19.
XPO Logistics has been named to the 2021 FreightTech 25 list, recognizing it as one of the most technologically disruptive companies in the transportation industry for the third consecutive year. An independent panel selected XPO from over 500 nominees for its commitment to innovation in supply chain solutions. The company reported significant milestones, including over 65,000 carriers registered on its XPO Connect™ platform and 200,000 downloads of the Drive XPO™ app. These achievements reflect the company's focus on enhancing visibility and control in operations.
XPO Logistics, a leading global logistics provider, is gearing up for a potentially record-breaking holiday shopping season across 30 countries. Key initiatives include:
- Deploying intelligent automation to enhance order fulfillment.
- Recruiting over 25,000 employees in Q4.
- Maintaining substantial logistics capacity with 200 million sq. ft. of warehouse space.
- Offering home delivery services seven days a week.
- Providing real-time freight visibility via its XPO Connect™ platform.
The company aims to meet increased e-commerce demand and continues to prioritize employee safety amid the pandemic.
XPO Logistics reported a revenue increase to $4.22 billion for Q3 2020, up from $4.15 billion in Q3 2019. However, net income fell to $84 million from $117 million, and diluted EPS decreased to $0.83 from $1.14. Adjusted EBITDA was stable at $439 million. The company expects Q4 adjusted EBITDA between $400 million and $410 million, with full-year guidance of $1.35 billion. CEO Brad Jacobs noted strong growth across services, particularly in e-commerce and less-than-truckload logistics.
XPO Logistics announced a successful pilot of ProGlove's wearable barcode scanner, which improved inventory picking speeds by 10% and reduced errors by 75%. Conducted over seven weeks at a distribution center in Everett, Washington, the pilot showcased six seconds saved per pick, enhanced employee health with ergonomic design, and integrated seamlessly with XPO's warehouse management system. These advancements are expected to be replicated across XPO's logistics network, aligning with e-commerce growth.
XPO Logistics, Inc. (NYSE: XPO) has appointed Alex Santoro as chief commercial officer, effective immediately. This role expands his responsibilities, focusing on aligning growth with long-term value creation. Chairman Bradley Jacobs praised Santoro's commercial instincts and understanding of supply chain customer relationships. Santoro brings over two decades of executive experience from industry leaders like Restaurant Brands International and has held various leadership roles in Latin America.
XPO Logistics (NYSE: XPO) has launched a significant recruitment drive to fill 15,000 job openings across North America, focusing on logistics, transportation, and corporate roles. The majority, approximately 8,000 positions, are in distribution centers located in several states including Indiana and California. The initiative aims for completion by November 15. Hiring incentives include peak pay, bonuses, and training opportunities for drivers. XPO aims to transition about 40% of seasonal hires into permanent roles post-holiday season.
