XPO Logistics Exceeds 400,000 App Downloads for Digital Freight Marketplace

Rhea-AI Summary

XPO Logistics (NYSE: XPO) has reported significant growth in its XPO Connect digital freight marketplace, with tripled downloads of the Drive XPO app exceeding 400,000 in one year. President Drew Wilkerson highlighted the surge in adoption as a response to increasing demand for real-time insights into capacity and pricing in logistics. The platform utilizes machine learning to facilitate efficient buying and selling of logistics capacity. XPO operates with over 100,000 employees across 30 countries, serving more than 50,000 customers.

Positive

• XPO Connect's adoption has tripled, reaching over 400,000 app downloads.
• The platform provides real-time insights into capacity and pricing.
• Utilizes machine learning for improved efficiency in logistics operations.

Negative

• None.

GREENWICH, Conn., April 29, 2021 (GLOBE NEWSWIRE) --  XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics services, today announced significant growth in the adoption of its XPO Connect digital freight marketplace. The number of cumulative downloads of the Drive XPO mobile app has tripled over the last year to more than 400,000. Carriers and truck drivers use the app to access XPO Connect, one of the most rapidly adopted digital transportation platforms in the industry.

Drew Wilkerson, XPO’s president of North American transportation, said, “XPO Connect is experiencing record-breaking growth at a time when users need immediate insights, including real-time access to capacity and pricing. We’ll continue to enhance our world-class service by adding new features that help customers move quickly in a rapidly changing marketplace.”

XPO Connect uses machine learning to analyze data histories and market conditions in seconds, becoming smarter at helping shippers and carriers buy and sell capacity more efficiently in real time. Drivers can download the Drive XPO app at no charge from the iOS and Android stores.

About XPO Logistics

XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world. The company operates as a highly integrated network of people, technology and physical assets in 30 countries, with 1,629 locations and more than 100,000 employees. XPO uses its network to help more than 50,000 customers manage their goods most efficiently throughout their supply chains. XPO's corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Media Contact
XPO Logistics, Inc.
Joe Checkler
+1-203-423-2098
joe.checkler@xpo.com

FAQ

What is XPO Logistics' recent achievement with the XPO Connect app?

XPO Logistics has tripled the downloads of its Drive XPO app to over 400,000.

How does XPO Connect enhance logistics operations?

XPO Connect uses machine learning to provide real-time insights and improve buying and selling of capacity.

What is the significance of the growth in XPO Connect adoption?

The growth indicates increasing demand for immediate insights in the logistics marketplace.

When was the announcement regarding XPO Connect made?

The announcement was made on April 29, 2021.

How many employees does XPO Logistics have?

XPO Logistics employs over 100,000 people globally.