XPO Logistics

Quarterly revenue—at $3.4 billion—increased 14% annually and was up 30% compared to 2010, representing the fourth straight quarter XPO’s revenue has set a new record, topping Wall Street estimates, of $3.269 billion. Adjusted earnings per share also set a new company record, at $1.34, and adjusted EBITDA, at $323 million, represented its highest fourth quarter level in company history, while posting a 15% annual gain, beating analysts’ estimates of $302 million, and setting a quarterly EBITDA record for the sixth quarter in a row.

XPO Logistics misclassifies, exploits drivers with independent contractor schemes designed to deny workers basic rights, benefits, consequently, XPO port and rail truck drivers are seeking to form a union representing essential links in the nation's supply chain.

Greenwich, Conn.-based freight transportation services provider XPO Logistics announced today it has taken steps to further expand its less-than-truckload (LTL) network and increase its customer service capacity, opening two new LTL terminals. And it also said that it has increased production capacity at its trailer manufacturing facility and plans to open four new fleet maintenance shops in the first quarter.

Coming in at $3.27 billion, quarterly revenue posted a 22% annual gain, topping industry analyst estimates, at $3.093 billion. And XPO’s quarterly adjusted EBITDA, at $307 million, set a new third quarter record, increasing 15% annually, as well as representing the fifth consecutive quarter XPO set a quarterly adjusted EBITDA record.

Located in Chicago Heights, XPO said that the new 150,000 square-foot facility is comprised of 264 dock doors, in order to accommodate high volumes and ongoing growth.

XPO Chief Strategy Officer Matt Fassler provided LM Group News Editor Jeff Berman with a detailed overview of how XPO views the LTL and brokerage markets, as well as a look at the 2021 Peak Season, among other topics.

As expected, the long-awaited spin-off of GXO Logistics from Greenwich, Conn.-based freight transportation services provider XPO Logistics was made official today. This move was originally announced by XPO in December 2020, when XPO introduced its plan to seek a spin-off of its logistics group as a standalone publicly traded company split it into two separate publicly-traded companies on the New York Stock Exchange—with one focused on global contract logistics [GXO Logistics] and the other focused on less-than-truckload (LTL) and...

Quarterly revenue—at $5.04 billion—was up 30.6% annually, and adjusted EBITDA came in at $507 million, both setting new quarterly records, setting a new adjusted EBITDA number for the fourth straight quarter. Operating income—at $246 million—well outpaced a $141 million operating loss a year ago.

The company said that this Form 10 was filed in connection with the XPO’s planned spin-off of its logistics unit into a separate publicly traded company, which was initially announced in December, 2020. And it noted that the spin-off is expected to be completed in the third quarter, adding that GXO will be traded on the New York Stock Exchange.

Logistics Management Group News Editor recently spoke with Malcolm Wilson, CEO of XPO Logistics, Europe, and incoming CEO of GXO Logistics, soon to be XPO's standalone global contract logistics group. Wilson provided Berman with an overview of current market conditions, how XPO has responded to the COVID-19 pandemic and what is in store for GXO Logistics.

Quarterly revenue—at $4.77 billion—was up 24% annually over the $3.86 billion, for the first quarter of 2020, and marked the highest revenue for any quarter in the company’s history. EBITDA was up 33%, to $433 million, topping estimates of $388 million, marking the third consecutive quarter it set an EBITDA record. Quarterly operating income—at $202 million—was more than double the $81 million recorded a year ago.

Following a December 2020 announcement, in which it rolled out its plan to seek a spin-off of its logistics group as a standalone publicly traded company split it into two separate publicly-traded companies on the New York Stock Exchange—with one focused on global contract logistics and the other focused on less-than-truckload (LTL) and truck brokerage transportation services—Greenwich, Conn.-based XPO Logistics, a provider of global freight transportation and logistics services, said today it has officially re-named its logistics group...

Shippers need to brace for stiff rate increases as more disciplined carriers benefit from tight capacity, lack of drivers, new market concentration and mounting COVID-related demands.

Quarterly revenue—at $4.7 billion—was up 13% annually, setting a record for the company, and operating income—at $228 million—was up 11%. EBITDA—at $449 million—topped Wall Street estimates by 10%, or $42 million, for its fourth-best quarter ever.

Brad Jacobs, Chairman, and CEO of XPO Logistics addressed over 1,000 attendees during the SMC³ annual Jump Start supply chain conference, held as a virtual event this year - the focus on day one gravitated toward one common theme: Change.