XPO, Inc. - XPO STOCK NEWS

XPO (NYSE: XPO) will host its fourth quarter conference call on February 9, 2023, at 8:30 a.m. ET, following the release of its results after market close on February 8. Investors can access the call via a toll-free number or through a live webcast at www.xpo.com/investors. A replay will be available until March 9, using the provided toll-free call options. XPO is a leading provider of less-than-truckload (LTL) transportation in North America with extensive technology and a robust network serving over 43,000 shippers.

XPO (NYSE: XPO), a major player in North America's less-than-truckload transportation, recently partnered with Elves & More to surprise 1,400 children with new bicycles in Akron. This event marks the last year of Elves & More's operation in Northeast Ohio and is part of a 16-year relationship that has brought joy to over 20,000 children. XPO's involvement, including volunteer support from employees, has been crucial for the successful delivery of bikes. XPO operates 564 locations and employs 38,000 people across North America.

XPO (NYSE: XPO) has initiated its third annual Soles4Souls shoe drive, running until December 31. The initiative aims to collect new and gently used shoes, with 142 US locations designated as donation points. XPO will transport the donated shoes for distribution. The company has pledged a cash donation for each pair collected. This campaign supports Soles4Souls’ goal of providing shoes to 1.5 million homeless children in the US. Chief diversity officer LaQuenta Jacobs emphasizes the importance of community contribution through this effort.

XPO (NYSE: XPO) announced the results of its tender offer to purchase cash for all its outstanding 6.250% Senior Notes due 2025. As of November 17, 2022, $407,624,000 of Notes were validly tendered, accepted and purchased on November 18, 2022, for a total consideration of $1,022.50 per $1,000. The aggregate purchase price was approximately $418 million, funded by a cash distribution from RXO, Inc. Following the transaction, $112,376,000 of Notes remain outstanding.

XPO Logistics (NYSE: XPO) has announced amendments to its tender offer for its outstanding 6.250% Senior Notes due 2025. The Total Consideration for each $1,000 principal amount of Notes will increase to $1,022.50. The expiration and withdrawal deadlines are extended to 5:00 p.m. NYC time on November 17, 2022. The company will eliminate the Early Tender Premium and all Notes accepted will settle on the Final Settlement Date. No further action is needed from Holders who have already tendered their Notes. This press release does not constitute an offer to buy or sell any security.

RXO has commenced trading on the New York Stock Exchange as an independent entity after spinning off from XPO. As the fourth largest truckload broker in the U.S., RXO boasts around 7,400 employees and connects clients to approximately 100,000 independent carriers through its proprietary RXO Connect™ platform. The spin-off was executed on November 1, 2022, where stockholders received shares of RXO common stock, intended to be tax-free for U.S. federal income tax purposes.

XPO (NYSE: XPO) has successfully completed the spin-off of RXO, Inc., establishing two independent publicly traded companies. This strategic move creates opportunities for enhanced value creation for both entities. XPO will continue trading under the symbol 'XPO', while RXO commences trading under 'RXO'. Shareholders of XPO received one RXO share for each XPO share held as of October 20, 2022. The spin-off is expected to be tax-free for U.S. federal income tax purposes.