XPO Logistics Expands Support of Cainiao with Digital Management of Truckload Transport in Spain for AliExpress

Rhea-AI Summary

XPO Logistics has expanded its partnership with Cainiao Network, the logistics arm of Alibaba Group, enhancing its full truckload services in Spain. This agreement, a continuation of their two-year collaboration, aims to optimize Cainiao's operations using the XPO Connect digital platform for improved visibility and sustainability. XPO’s managing director expressed pride in the collaboration, highlighting support for Cainiao’s sales growth and environmental goals as they prepare for peak season.

Positive

• Expanded partnership with Cainiao Network enhances service capabilities.
• Utilization of XPO Connect platform improves operational efficiency.
• Supports Cainiao's sales growth and environmental objectives.

Negative

• None.

GREENWICH, Conn. , Oct. 20, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, a leading provider of freight transportation services, has announced the expansion of its relationship with Cainiao Network, the logistics arm of Alibaba Group.

XPO has provided Cainiao with full truckload transport services in Spain for the last two years, supporting the delivery of e-commerce parcels of AliExpress, the global marketplace of Alibaba Group. Under the new agreement, XPO will use its extensive experience with omnichannel supply chains to help Cainiao optimize operations, utilizing the XPO Connect digital transport platform to enhance visibility, efficiency and sustainability.

Massimo Marsili, managing director – Southern Europe and Morocco, XPO Logistics, said, “It’s a source of pride for our XPO team that Cainiao trusts us to provide critical transport services. Together, we’re supporting their sales growth and environmental objectives, in preparation for the fast-approaching peak season.”

David Bu, general manager of Cainiao Network Europe, commented, “Spain is one of Cainiao’s key markets in Europe, and we are glad to have XPO as our key trucking network partner in the market. XPO has consistently demonstrated flexibility and a commitment to cutting-edge digital innovation. These qualities, together with their ability to deliver reliable truck capacity, provide us with great added value.”

About XPO Logistics 
XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily truck brokerage and less-than-truckload (LTL). 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 744 locations and approximately 40,000 employees, and is headquartered in Greenwich, Conn., USA. Visit xpo.com and europe.xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube. 

About Cainiao Network
Founded in 2013, Cainiao Network (“Cainiao”) is a global industrial internet company and the logistics arm of Alibaba Group. As part of its commitment to create customer value, it adopts a collaborative approach to logistics that aims to improve efficiency and customer experience for all players along the supply chain. Cainiao carries forward Alibaba’s mission of making it easy to do business anywhere by aiming to deliver anywhere in China within 24 hours, and across the globe within 72 hours.

Media Contacts:
Joe Checkler
+1-203-423-2098
joe.checkler@xpo.com

Beatriz Armijo
beatriz.armijo@xpo.com
+34-619-252144

FAQ

What is the recent partnership between XPO and Cainiao about?

XPO Logistics has expanded its partnership with Cainiao Network to provide full truckload services in Spain, optimizing operations using the XPO Connect digital platform.

How will the partnership impact XPO stock?

The partnership with Cainiao could enhance XPO's operational efficiency and potentially contribute to revenue growth, positively influencing investor sentiment.

What services does XPO provide to Cainiao Network?

XPO provides full truckload transportation services to Cainiao Network, supporting their e-commerce logistics in Spain.

When was the partnership between XPO and Cainiao established?

The partnership began two years ago when XPO started providing truckload transport services to Cainiao in Spain.

What is the significance of XPO's relationship with Cainiao?

The relationship signifies a strategic collaboration that enhances logistics services for e-commerce, supporting both sales growth and sustainability efforts.