STOCK TITAN

XPO and Google Cloud Enter Into Multi-Year Partnership to Build Faster, More Efficient Supply Chains

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary

XPO Logistics and Google Cloud have announced a multi-year partnership aimed at revolutionizing supply chain efficiency using artificial intelligence and data analytics. This collaboration will enhance XPO’s operational capabilities, enabling real-time insights for decision-making and improving visibility across supply chains. The migration of key applications to Google Cloud is designed to address market unpredictability and rising demand. Additionally, XPO aims to meet sustainability goals by leveraging Google Cloud's renewable energy initiatives, optimizing its transportation services, and reducing operational emissions.

Positive
  • Partnership with Google Cloud to enhance supply chain visibility and efficiency.
  • Real-time AI and ML insights improve decision-making for XPO operators.
  • Cloud migration supports scalability and availability during peak seasons.
  • Sustainability goals met through zero operational emissions for cloud applications.
Negative
  • None.

Leader in transportation solutions leverages artificial intelligence and data analytics to ensure packages are delivered efficiently, sustainably, and on-time

SUNNYVALE, Calif. and GREENWICH, Conn., June 6, 2022 /PRNewswire/ -- XPO Logistics, Inc., a leading provider of freight transportation services, and Google Cloud today announced a multi-year collaboration to further innovate how goods move through supply chains. Leveraging Google Cloud's expertise in artificial intelligence (AI), machine learning (ML), and data analytics, XPO is building faster, more efficient supply chains with greater visibility.

XPO customers across the supply chain, from manufacturers to consumer packaged goods companies to retailers, are facing an increasingly unpredictable marketplace filled with constraints, volatility, and rising demand. To help its customers address these challenges, XPO migrated several key applications to Google Cloud, enabling the transportation services provider to take advantage of the scalability and availability of cloud computing. For XPO and its customers, scalability is key for dealing with peak periods of seasonality, while high application availability is critical, as services need to run smoothly around the clock.

Google Cloud's data analytics, AI, and ML tools help XPO quickly provide insights to its operators–such as product managers, demand planners, route planners, and data analysts. Democratizing AI and analytics by placing them in the hands of those with greatest domain expertise enables faster decision-making and business agility. For instance, AI and ML tools like Vertex AI help XPO engineers experiment with algorithms in real-time, building a pipeline for data scientists to experiment, while improving and evaluating new algorithms for XPO Connect's proprietary load-matching and pricing technologies.

Additionally, tools like BigQuery, VertexAI, and Looker are helping XPO optimize network planning by providing real-time updates on shipment statuses, allowing operators to take action and avoid potential shipping delays. 

"XPO is always looking for ways to innovate the ways goods move across the globe. Implementing the most cutting-edge technology is the best way for us to ensure that we achieve this goal," said Yoav Amiel, senior vice president of technology, XPO. "By working with Google Cloud's AI/ML and data analytics capabilities, we can operate the fastest, most efficient supply chains possible."

As part of the partnership, XPO is also achieving its sustainability goals by transporting goods in the most efficient way possible. With Google Cloud, XPO ensures for every application moved from a self-managed data center or collocation facility to the public cloud, the net operational emissions from running that application will be zero. As the cleanest cloud in the industry, Google Cloud matches 100 percent of electricity that powers cloud workloads with renewable energy. This allows products like XPO Connect to improve the carbon footprint of XPO's truck brokerage customers by optimizing lane assignments and reducing empty miles. Meanwhile, XPO maintains a modern less-than-truckload (LTL) fleet, optimizes routes, and trains drivers in eco-friendly techniques. 

"We're bringing our innovative AI/ML and data analytics solutions to XPO, to help it transform supply chain management, ensure its deliveries are on-time, and give its customers accurate, up-to-date view on the location of their freight," said Hans Thalbauer, managing director, Global Supply Chain, Logistics & Transportation, Google Cloud. "As external factors continue to impact supply chains and create new challenges, we're dedicated to collaborating with XPO to help the company continually improve and run operations as efficiently and sustainably as possible." 

Additional Resources 

About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage. XPO uses its proprietary technology, including the cutting-edge XPO Connect® automated freight marketplace, to move goods efficiently through supply chains. The company's global network serves 50,000 shippers with approximately 731 locations and 42,000 employees, and is headquartered in Greenwich, Conn., USA. Visit xpo.com and europe.xpo.com for more information, and connect with XPO on FacebookTwitterLinkedInInstagram and YouTube

About Google Cloud
Google Cloud accelerates every organizations' ability to digitally transform its business. We deliver enterprise-grade solutions that leverage Google's cutting-edge technology – all on the cleanest cloud in the industry. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/xpo-and-google-cloud-enter-into-multi-year-partnership-to-build-faster-more-efficient-supply-chains-301561712.html

SOURCE Google Cloud

FAQ

What is the significance of XPO's collaboration with Google Cloud?

The collaboration aims to enhance supply chain efficiency through AI and data analytics, improving operational capabilities and customer service.

How will the partnership affect XPO's sustainability efforts?

XPO plans to achieve zero operational emissions for applications moved to Google Cloud, supporting its sustainability goals.

What technologies are being utilized in the XPO and Google Cloud partnership?

The partnership leverages AI, machine learning, and data analytics tools to optimize supply chain operations and decision-making.

When was the partnership between XPO and Google Cloud announced?

The partnership was announced on June 6, 2022.

How does XPO plan to address market volatility with this partnership?

XPO aims to improve supply chain visibility and responsiveness to market changes through enhanced data capabilities provided by Google Cloud.

XPO, Inc.

NYSE:XPO

XPO Rankings

XPO Latest News

XPO Stock Data

17.59B
114.12M
0.84%
104.96%
5.81%
Trucking
Transportation Services
Link
United States of America
GREENWICH