What is XPO spinning off?
The spin-off is named RXO to reflect the company's commitment to provide reliability multiplied by outperformance. RXO will go to market with the tagline “Massive capacity. Cutting-edge technology.”12-Jul-2022
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
Why did XPO and GXO split?
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
STG Logistics
Is XPO Logistics being sold?
XPO Logistics announces it is selling its intermodal business to STG Logistics for $710 million - Logistics Management.25-Mar-2022
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
Does XPO pay a dividend?
Dividend Overview. XPO does not currently pay a dividend.17-Aug-2022
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
Who bought XPO drayage?
STG Logistics
“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.
What is 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
GXO is the former global logistics segment of XPO Logistics (NYSE: XPO) and successfully spun off today as the world's largest pure-play contract logistics provider. “This is an exciting milestone in GXO's history.02-Aug-2021
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
XPO
Does XPO own their own trucks?
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.
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.
Does TFI own XPO?
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
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.
What is a drayage company?
Drayage companies take containers in and out of warehouses, rail terminals, ocean ports and harbors. This often involves taking huge steel shipping containers off rail cars and ship decks and then loading them on to truck trailers.19-Oct-2018
Wind Point Partners
Is GXO a good buy?
Out of 13 analysts, 7 (53.85%) are recommending GXO as a Strong Buy, 3 (23.08%) are recommending GXO as a Buy, 3 (23.08%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell.
What is XPO spinning off?