XPO Logistics

If Home Depot were to make an offer, one main impetus would be to keep XPO out of the hands of Amazon, which the home improvement retailer believes has also considered buying the logistics company, according to a person familiar with Home Depot’s thinking.

Late last month, a report published in Recode indicated that two giants from different sectors, retailer Home Depot and global freight transportation and logistics services provider XPO Logistics, may be future teammates, with the report saying that Home Depot “held internal discussions in recent months about a potential acquisition bid for XPO.

XPO Logistics is taking further steps to cement its position as the largest last mile logistics services provider in North America, with today’s announcement that it has completed the opening of eight last mile logistics hubs in advance of Black Friday on November 24.

Major hurricanes that had hit parts of the U.S. in the recent past will lead to more tepid growth for U.S. transportation for the remainder of this year, according to Fitch Ratings in a new report. But analysts do not see any lasting disruption.

A late, unexpected victim of Hurricanes Harvey and Irma that slammed the southeastern United States was YRC Worldwide’s bottom line.

XPO Logistics had the highest revenue, net income and highest cash flow of any quarter in their history and beat expectations for EBITDA, cash from operations and free cash flow, with e-commerce and diversification yielding impressive results.

Global freight transportation and logistics services provider XPO Logistics Inc. said this week that next month it plans to roll out a new interactive last mile technology, which, it said, will help consumers manage retail home deliveries.

Quarterly revenue was up 2.2% to $3.76 billion and was a record high for the company, as was net income at $47.6 million and earnings per share at $0.38, which were up annually compared to $42.6 million and $0.35 a year ago.

XPO said its role in this multi-year agreement included managing two dedicated logistics facilities that are comprised of New York City’s stockpile of emergency relief supplies, as well as expediting supplies to around 100 shelters across the five boroughs of New York City in the event of severe weather or other hazardous events being imminent.

Taking steps to expand its last-mile logistics network, freight transportation and logistics provider XPO Logistics announced that it has expanded its “Chicagoland” facility in Bollingbrook, Ill.

Freight transportation and logistics services provider XPO Logistics continues to take steps to beef up its driver fleet for its less-than-truckload (LTL) business, saying today it expects more than 150 trainees to complete courses at its United States-based driving schools in 2017.

A new XPO Logistics facility in the Chicagoland area has doubled the capacity of the company's market delivery center to nearly 100,000 square feet, and will serve some of the nation's most well-known retailers, e-commerce companies and manufacturers of heavy goods.

Company officials said this new facility doubles the capacity of XPO’s Chicago-based market delivery center (MDC), which serves large retailers, e-commerce service providers, and heavy goods manufacturers, to almost 100,000 square feet.

While it has had a full-fledged less-than-truckload (LTL) fleet since acquiring Con-way in late 2015, freight transportation and logistics provider XPO Logistics said today that the former Con-way LTL business, Con-way Freight, has officially been re-branded as XPO’s North American LTL business

Established carriers and logistics services providers are clashing with tech-savvy newcomers to gain market share in this critical, final piece of the $2 trillion e-commerce market.