XPO Logistics Named a Leader in Gartner’s 2020 Magic Quadrant for Third-Party Logistics, Worldwide

Rhea-AI Summary

XPO Logistics (NYSE: XPO) has been recognized as a Leader in Gartner's Magic Quadrant for Third-Party Logistics, marking the second consecutive year for the accolade. This recognition is based on XPO's ability to execute and its completeness of vision, highlighting its extensive service offerings and infrastructure across a global footprint. The acknowledgment underscores XPO's commitment to providing essential supply chain services, especially during the pandemic, and reflects the high caliber of its workforce.

Positive

• Recognized as a Leader in Gartner's Magic Quadrant for Third-Party Logistics for the second year.
• Strength in executing logistics services across a global network.
• Strong performance during the pandemic reflects resilience and dedication.

Negative

• None.

GREENWICH, Conn., July 09, 2020 (GLOBE NEWSWIRE) --  XPO Logistics, Inc. (NYSE: XPO), a top ten global provider of transportation and logistics solutions, has been named by Gartner, Inc. as a Leader in its Magic Quadrant for Third-Party Logistics, Worldwide. This marks the second time the global advisory company has recognized XPO as a global Leader based on ability to execute and completeness of vision.

Troy Cooper, president of XPO Logistics, said, "We’re gratified to once again be recognized by Gartner as a Leader in the Magic Quadrant for Third-Party Logistics, Worldwide. XPO is a service business, and every metric comes down to people. I’m proud of our employees for providing essential services to keep supply chains moving – particularly this year during the pandemic. The caliber of our team is a major reason why customers partner with us.”

Gartner produces Magic Quadrant reports that evaluate vendors based on the ability to execute and completeness of vision. According to Gartner, “Leaders rate well on the highly weighted criteria for both Ability to Execute and Completeness of Vision. This means the leading providers have extensive service offerings and infrastructure and make them available across an expansive global footprint. They understand the market, trends and customer needs, and translate those into well-executed service offerings further specialized for any number of industries. They are formidable at logistics execution across the service lines and run highly professional, very comprehensive logistics businesses. Leaders also have well-structured strategies and business models to continue to expand their capabilities, regional coverage and industry specialization, and they are adept at offering services for different customer segments. They invest in innovative mechanisms and capabilities to advance the art of logistics in the industry. Leaders are trusted and relied on by many of the largest global corporations to help them execute their worldwide supply chains.”

Gartner clients can access the full report here. Gartner, “Magic Quadrant for Third-Party Logistics, Worldwide”, David Gonzalez, Courtney Rogerson, Sean Hurley, Susan Boylan, Farrah Salim, 10 June 2020.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 1,506 locations and approximately 97,000 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. xpo.com

Media Contact
XPO Logistics, Inc.
Erin Kurtz
+1-203-489-1586
erin.kurtz@xpo.com

FAQ

What did XPO Logistics achieve in July 2020?

XPO Logistics was named a Leader in Gartner's Magic Quadrant for Third-Party Logistics.

How many times has XPO been recognized by Gartner?

This is the second consecutive year XPO has been recognized as a Leader by Gartner.

What criteria did Gartner use to evaluate XPO Logistics?

Gartner evaluated XPO based on its ability to execute and completeness of vision.

What is the significance of Gartner's Magic Quadrant for XPO?

The Magic Quadrant positions XPO as a leading logistics provider, showcasing its extensive service capabilities.