XPO Logistics is an American freight transportation company that provides less-than-truckload and truck brokerage services in 18 countries.
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14 Facts About XPO Logistics
2.
XPO Logistics changed its name to XPO Logistics – a reference to Express-1's AMEX ticker symbol, "XPO" – and began acquiring other companies in the transportation and logistics sector.
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3.
In March 2012, XPO opened a national operations center in Charlotte, N C and listed its shares on the New York Stock Exchange in June of the same year.
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4.
Roughly one year later XPO Logistics sold their truckload division to the Canadian based TransForce for $558 million in cash.
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5.
In June 2016, XPO was included in the Fortune 500 list of the largest U S corporations based on revenue.
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6.
In December 2020, XPO announced plans to spin off its logistics segment as GXO Logistics, creating two, independent companies: XPO as a provider of freight transportation services and GXO as the world's largest pure-play provider of contract logistics services.
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7.
XPO Logistics provides freight transportation in North America and Europe through its less-than-truckload and truck brokerage lines of business.
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8.
XPO Logistics is the fourth-largest truck brokerage provider in the United States.
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9.
In March 2022, XPO Logistics announced plans to spin off its asset-light brokered transportation services in North America as a standalone company called RXO.
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10.
XPO Logistics publishes an annual sustainability report and ESG scorecard to track ongoing initiatives, including LED lighting, optimizing transportation routes, alternative-fuel trucks and electric delivery vehicle pilots.
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11.
XPO Logistics employs IT professionals and data scientists who work on automation and intelligent machines, forecasting demand, predictive analytics, pricing algorithms, workforce planning, load and route optimization, customer service and its digital freight marketplace.
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12.
In 2019, XPO was the first global logistics company to join the Massachusetts Institute of Technology Industrial Liaison Program, a partnership organization that pairs MIT resources with corporations worldwide to solve global business challenges.
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13.
In July 2019, XPO was awarded a contract extension through 2024 to be the official transport and logistics partner of the Tour de France.
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14.
In 2019, XPO Logistics released a mobile game app called XPO Moves the Tour to simulate how drivers and proprietary logistics technology support the Tour de France.
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