What is the meaning of XPO Logistics?
In September 2011, American businessman Brad Jacobs acquired Express-1 Expedited Solutions, Inc. and became its chairman and CEO. The company 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.
The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.
Who runs XPO?
CEO Brad Jacobs
The new XPO Logistics is focused on less-than-truckload shipping and truck brokerage. GXO manages warehouses and logistics operations. XPO Logistics has completed its spinoff of GXO Logistics. Both stocks are now trading separately in Monday morning.02-Aug-2021
What does GXO stand for?
the game-changing opportunities
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.
XPO Logistics, provider of freight transportation and truck brokerage services, has confirmed its previously announced spin-off of GXO, which it says is the largest contract logistics provider in the world.17-Aug-2021
Is GXO stock a good buy?
Out of 12 analysts, 7 (58.33%) are recommending GXO as a Strong Buy, 3 (25%) are recommending GXO as a Buy, 2 (16.67%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell.
LOS ANGELES (Reuters) - XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds.15-Feb-2019
Did XPO get bought out?
XPO Logistics Inc. has sold its North American intermodal business to STG Logistics Inc. for approximately $710 million, continuing to streamline the XPO business while making STG an integrated containerized logistics company.25-Mar-2022
XPO organises transportation for brands including Nestlé, Nike, Ikea, Home Depot and the supermarket chains Morrisons, Co-op, Waitrose and Iceland.23-Sept-2021
Is XPO changing its name?
XPO Logistics, a leading global provider of transport and logistics 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 company is named GXO Logistics, Inc.19-Mar-2021
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
What company did XPO spin-off?
RXO, Inc.
Operations. GXO operates approximately 869 warehouses with 208 million square feet of facility space, making it the largest third-party pure-play contract logistics provider globally.
Is GXO a 3PL?
About us - GXO | Supply Chain Management | 3PL Contract Logistics.
contract logistics company
Who bought XPO Logistics?
STG Logistics
GREENWICH — XPO Logistics, one of the world's largest transporters of goods, announced Tuesday that the truck-brokerage business it is spinning off into its own company will be called RXO. The name reflects the new company's commitment to providing reliability “multiplied by outperformance,” according to XPO officials.13-Jul-2022
Does XPO pay a dividend?
Dividend Overview. XPO does not currently pay a dividend.01-Sept-2022
What is the meaning of XPO Logistics?