STOCK TITAN

XPO Breaks Ground on New Service Center in Central Florida

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
XPO announces the construction of a new service center in Lakeland, Florida, as part of its plan to expand capacity in its North American network. The facility is expected to open in Q2 2024 and will bring 60 doors to the I-4 corridor. XPO plans to employ approximately 75 people at the Lakeland service center.
Positive
  • XPO is expanding its capacity in North America with the addition of a new service center in Lakeland, Florida.
  • The new facility will bring 60 doors to the I-4 corridor, including Tampa, Orlando, and Lakeland.
  • XPO expects to employ approximately 75 people at the Lakeland service center.
Negative
  • None.

Greenwich, Conn. , Oct. 26, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, announced today that it has broken ground on a new service center in Lakeland, Florida. This project marks another important milestone in the implementation of the company’s previously announced plan to grow capacity in its North American network with the addition of 900 net new doors nationally by the first quarter of 2024.
 
This 31,713 square-foot facility is being constructed on approximately eight acres of property near Interstate 4 and Commonwealth Avenue. The new service center is expected to open for business in the second quarter of 2024, bringing 60 doors to the thriving I-4 corridor including Tampa, Orlando and Lakeland. 
 
Dave Bates, chief operating officer of XPO, said, “We’re excited to expand our footprint in the dynamic Central Florida region, as we continue to grow capacity in strategic markets where we expect strong long-term demand.This new service center in Lakeland will greatly benefit our customers and provide best-in-class freight transportation service to businesses across the state. It also allows us to support the local community with well-paying jobs.”
 
When completed, the company expects to employ approximately 75 people in the Lakeland service center. Currently, XPO employs nearly 640 people across ten service centers in Florida.
 
About XPO
XPO, Inc. (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Together with its business in Europe, XPO serves approximately 49,000 customers with 562 locations and 37,000 employees. The company is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on FacebookXLinkedInInstagram and YouTube.

Media Contact
Karina Frayter
+1-203-484-8303
karina.frayter@xpo.com


FAQ

What is XPO's plan for expanding capacity in its North American network?

XPO plans to grow capacity by adding 900 net new doors nationally by Q1 2024.

Where is the new service center being constructed?

The new service center is being constructed in Lakeland, Florida.

When is the new service center expected to open?

The new service center is expected to open in the second quarter of 2024.

How many doors will the new service center bring to the I-4 corridor?

The new service center will bring 60 doors to the I-4 corridor, including Tampa, Orlando, and Lakeland.

How many people will XPO employ at the Lakeland service center?

XPO expects to employ approximately 75 people at the Lakeland service center.

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