What company did XPO spin-off?
RXO, Inc.
STG Logistics
Is XPO going to split?
After a successful business separation last year, XPO Logistics (XPO 3.08%) is looking to the same playbook again. The company announced in March it was planning to separate the truck brokerage business from its core LTL operations, and new details emerged on the plans in its latest earnings report.12-May-2022
If the distribution is completed, each XPO stockholder will receive one (1) share of GXO common stock for every one (1) share of XPO common stock held on the record date.13-Jul-2021
What is the difference between XPO and GXO?
XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world.02-Aug-2021
XPO Logistics announced Friday the divestiture of its intermodal unit to STG Logistics for $710 million in cash. The sale is part of the company's plan to break up the assets remaining after the spinoff of its contract logistics segment last year.25-Mar-2022
Who is XPO largest customer?
XPO Logistics is still looking to make up for the business it lost last year when its largest customer, widely believed to be Amazon, decided to downsize its operation with the transportation and operations company, XPO CEO Brad Jacobs said on the company's recent earnings call.06-Aug-2019
LTL (less-than-truckload) XPO's North American LTL network covers 99% of U.S. zip codes and includes 294 cross-dock facilities. XPO manufactures its own trailers at an in-house facility in Searcy, Arkansas, and operates 130 driver training schools.
What does XPO stand for?
XPO
Dividend Overview. XPO does not currently pay a dividend.17-Aug-2022
When did XPO stock split?
XPO announced in December 2020 that it was splitting its logistics and trucking businesses into separately traded firms, aimed at giving each unit a more defined focus; that move was completed in August.08-Mar-2022
STG Logistics
Is GXO stock a good buy?
Out of 13 analysts, 8 (61.54%) are recommending GXO as a Strong Buy, 3 (23.08%) are recommending GXO as a Buy, 2 (15.38%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell.
1. GXO will be the biggest pure-play logistics company in the world. With several different businesses under its umbrella, XPO CEO Brad Jacobs believed that XPO's current combined structure made the transportation stock difficult to value because the company had no true peers. The separation takes care of that problem.21-Jul-2021
Is GXO owned by XPO?
XPO unveils GXO as new company name for planned spin-off of logistics business. XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, today announced the identity of the new company that has been created in connection with the planned spin-off of XPO's logistics business.
“The new company's brand identity captures the qualities that make us an industry leader — our ability to deliver faster, leaner, smarter logistics for customers at lower cost, using advanced automation and data science,” said Malcolm Wilson, XPO's chief executive officer – Europe, who has been named to become CEO of
Does Amazon use XPO Logistics?
Amazon turned to XPO Logistics to staff and ramp up operations at the facility, which would begin receiving parcels just three weeks after the lease was signed and ship two weeks later.
So, the following year, 2016, XPO sold the truckload operation to TFI – then called Transforce – which changed the division's name back to the more familiar CFI. The paint had barely dried on some XPO truckload trailers when they had to be repainted with the CFI logo.26-Jan-2021
How many employees does XPO Logistics have?
XPO Logistics: Number of Employees 2010-2022 | XPO XPO Logistics total number of employees in 2021 was 42,000, a 58.82% decline from 2020. XPO Logistics total number of employees in 2020 was 102,000, a 2% increase from 2019. XPO Logistics total number of employees in 2019 was 100,000, a 0% decline from 2018.
XPO organises transportation for brands including Nestlé, Nike, Ikea, Home Depot and the supermarket chains Morrisons, Co-op, Waitrose and Iceland.23-Sept-2021
Does XPO have automatic transmission?
-based XPO plans to keep its LTL fleet at around 8,000 tractors as it integrates the new vehicles. The average age of the fleet today is 5.4 years. The new 15-liter engine automatic transmission tractors will replace older tractors with 13-liter engines.31-May-2018
What company did XPO spin-off?