Who bought XPO?
STG Logistics
XPO's intermodal business generated $1.2 billion of revenue in 2021. 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
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
STG Logistics has acquired XPO Logistics' intermodal division, the third-largest provider of containerized transportation services in North America, in an all-cash transaction totaling approximately $710 million.
Is XPO a big company?
XPO is the third largest LTL carrier in the U.S. by revenue. Customers include Caterpillar and Tractor Supply. XPO's North American LTL business reported more than $4.1 billion in revenue in 2021, with 16% growth year over year.08-Mar-2022
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
What does XPO stand for?
XPO
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
What's the difference between XPO and GXO?
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
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.
Who owns St George logistics?
Wind Point Partners
Conway Freight = Has gone out of business due to mismanagement.19-Apr-2009
What does intermodal mean in logistics?
Intermodal shipping refers to moving freight by two or more modes of transportation. By loading cargo into intermodal containers, shipments can move seamlessly between trucks, trains and cargo ships.
XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, moved up to number 180 on the Fortune 500 list, as announced by Fortune magazine today. The ranking is based on 2018 company revenue of $17.3 billion.
Did XPO Logistics 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
less than truckload
Does TFI own XPO?
On October 27, 2016, TFI International acquired transportation company XPO Logistics - North American Truckload Operations from XPO for 558M USD.27-Oct-2016
It specifically refers to freight that is moved over a short distance. When you see shipping containers being transported by trucks along the highway, those are drayage trucks. In simple terms, a drayage trucker is someone who drives a truck that is transporting shipping containers.
What company did XPO spin-off?
RXO, Inc.
(NYSE: XPO), a leading global provider of supply chain solutions, has been named a Top 100 Third-Party Logistics (3PL) Provider by Inbound Logistics magazine for the 7th consecutive year.06-Aug-2020
Which companies use XPO Logistics?
XPO organises transportation for brands including Nestlé, Nike, Ikea, Home Depot and the supermarket chains Morrisons, Co-op, Waitrose and Iceland.23-Sept-2021
Who bought XPO?