RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
The Teamsters had a good few months at the end of 2023 in their organizing efforts, racking up several victories.
C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.
XPO’s Anthony Hoereth discussed the company’s strategic plan and investments that are driving a historic surge in LTL service levels.
XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry.
Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.
RXO was flat between the first and second quarters, and that proved to be a turnoff for investors in the 3PL.
An NLRB action is being viewed by the Teamsters as providing an incentive for companies to consider independent contractors as employees.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
XPO’s Miami-area facility had a contract between the Teamsters and the company, but the union has been voted out.
Outgoing Old Dominion CEO Greg Gantt made his final appearance at the UBS conference and looked back on the company’s road to the top of the heap.ODFL
Sticking to earlier forecasts, RXO’s chief strategy officer sees the 3PL’s market share growing and increased volume year on year.
In the fast-paced world of freight transportation, a carrier’s success is determined by its ability to deliver goods damage-free and on-time. But it all starts and ends with the people behind the scenes who make it all happen.
“We think about these investments as long term. We’re not making them for the next few quarters, we’re making them for the next few years and beyond,” said XPO’s Ali Faghri.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
Operating a successful business requires pinpointing — and meeting — customer expectations. XPO services thousands of customers daily, and doing that well means finding out what each of those customers needs.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
Shippers and carriers interact with the market differently, but one thing has become clear over the past few years: Contracts and dedicated lanes allow both parties to gain stability in an unpredictable landscape.
XPO announced it will retain its European business as capital markets abroad have weakened.
This week: Crowley adds a third location to its Wreaths Across America sponsorship; XPO donates over 42,000 pairs of socks to the homeless; and UPS supports safe mobility habits in Bangkok.
In a stunning announcement, an analyst and his company that could be seen as skeptical of XPO’s prospects won’t be tracking the company moving forward.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.
RXO, the stand-alone brokerage company about to be spun off by XPO, has received a near-investment-grade rating from S&P.
XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.
XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.
This week: XPO driver reaches 4 million safe driving miles, Walmart opens a new facility in Illinois and donates to local charities and Getir donates over 80,000 pounds of food to nonprofits.
XPO Logistics announces board members for RXO, its brokerage unit that will be spun off in the fourth quarter.
XPO Logistics announced that Jamie Harris will become the CFO of freight broker RXO following a planned separation in the fourth quarter.
La empresa que compró la unidad a XPO quiere que se anule la decisión anterior sobre la clasificación de los empleados
A vote to be represented by the Teamsters at an STG facility in California has taken place but the ballots have been impounded.
XPO recorded several records in its second-quarter earnings as it prepares to turn over Brad Jacobs’ CEO seat to Mario Harik.
Mario Harik will succeed Brad Jacobs following the spinoff of XPO’s brokerage business. Jacobs will become XPO’s executive chairman.
GXO’s earnings per share beat estimates, and it raised full-year guidance for revenue and earnings.
Piece-level tracking gives XPO employees and customers real-time visibility for tracking LTL shipments.
GXO will receive an undetermined number of collaborative mobile robots.
XPO chooses RXO as the name of the soon-to-be-spun-off brokerage platform.
La demanda sigue siendo sólida, aunque los problemas de oferta frenan la capacidad de LTL, dicen los ejecutivos en las giras de inversionistas
XPO executives tell investors why they chose to downsize the company, and vow to significantly boost LTL capital spending.
A regional NLRB decision says an STG unit in California that had been owned by XPO treated workers like employees, and it has ordered a unionization vote for them.
Dock-to-driver programs can be a steppingstone for someone who can’t afford truck driving school.
The contract logistics provider said it wants to create the world’s largest air- and ground-based security robotics fleet.
The current president of XPO’s North American brokerage unit to head the spun-off company’s most important business.
Está previsto que la unidad forme parte de la escisión del cuarto trimestre, pero los planes pueden cambiar
Unit could fetch $400 million to $600 million, according to a report independently confirmed.
Mehrotra said he was excluded from asking questions because of criticisms of its LTL operations.
The company beat analysts’ expectations in its first-quarter financial results and named a new head of its brokerage services operation.
The company will pursue smaller rivals that lack scale to meet increasingly demanding requirements, GXO’s CFO says.
XPO Logistics released a sustainability report that hones in on recruiting underrepresented groups and using optimization to reduce emissions.
Companies across the logistics industry will need to start considering their carbon footprint as new regulations come down and consumers start voting with their dollars.
CSX, XPO Logistics and AIT Worldwide Logistics were among several companies to make sustainability announcements on Earth Day.
Emily Phillips, VP of advanced solutions at XPO Logistics, chats with FreightWaves’ Kaylee Nix at the Net-Zero Carbon Summit.
FreightWaves’ Mary O’Connell and FreightVana’s Shannon Breen sit down to cover the hottest collaboration of the year.
XPO is expanding into San Bernardino County and the metro Atlanta area.
Brad Jacobs, the CEO of XPO, said he sees 3D printing as a major disruptive force looming over the horizon in the transportation sector.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
La adquisición de la unidad intermodal completa el puzzle de la empresa de logística en contenedores de Chicago
STG Logistics has made nearly a dozen acquisitions over the last five-plus years. However, its latest deal for XPO’s intermodal unit is its most transformative yet.
Old Dominion said Tuesday it has already added capacity at seven locations in its network. The recent expansions trend ahead of its 2022 guidance, which called for growth at eight to 10 terminals.
Se ha completado el primer paso para crear un LTL puro
XPO Logistics announced it has sold its intermodal business to STG Logistics for $710 million in cash. This was a crucial first step on the path to becoming a stand-alone less-than-truckload company.
Kaylee Nix and Grace Sharkey host an hour-long episode of Great Quarter, Gals to celebrate International Women’s Day.
The company will become a stand-alone LTL carrier in North America.
Over the last decade, XPO Logistics has spent hundreds of millions of dollars investing in the development of advanced transportation technology with the use of “the brightest technology minds out there.”
Contract logistics giant GXO sees numerous growth opportunities for years to come.
This swift rise in online shoppers has stressed an already-taxed industry, increasing the demands on less-than-truckload (LTL) carriers significantly.
Strong revenue and EPS numbers spark an after-hours share rally.
XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.
XPO adds two terminals and 50 dock doors to its North American network.
The American Trucking Associations (ATA) predicts the industry will be a record 80,000 drivers short in the next year.
Los transportadores que modificaron su identidad a través de fusiones y adquisiciones en el último año
Several asset-based carriers changed their course through M&A in 2021.
This week: CFI employees raise holiday funds for local charities; XPO joins other industry professionals for Wreaths Across America Day; and Gopuff gives toward Kentucky tornado relief.
Strong selling on Friday follows the disclosure that XPO’s founder, and chair of both companies, sold 3.2 million shares in each.
Cambridge Capital’s Ben Gordon details the roots of his “scrappy underdog” mentality, past investments and FreightTech’s recent defining and not-so-defining moments.
A manager’s comments regarding possible closure of the facility if the Teamsters won is cited by an NLRB administrator as a reason for a new vote.
Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.
The union must now negotiate a contract with XPO, a process that can take a long time.
President Biden intends to replace Postal Service governors in a move aimed at ousting Postmaster General Louis DeJoy, according to reports.
This week: Central States Mfg. donates wreaths for veteran nonprofit, OOIDA kicks off “Truckers for Troops”, Love’s raises funds for veterans with specialty tumblers and XPO’s CEO challenges the company to hire more active and veteran military employees.
Continuous moves might be way underutilized; oil prices aren’t helping on the spot rate market; and the Santa 18 Act could do a lot for youths interested in trucking.
The company’s first reporting quarter post-spinoff could have gone better.
Big volumes of container traffic are hitting GXO’s facilities, Wilson says.
Company plans to double LTL trailer capacity and add 900 dock doors.
The company beats earnings per-share consensus, and posts revenue gains while hiking its full-year outlook.
From resource groups to driving electric trucks, learn four ways your company can build a more inclusive environment for women.
During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.
The winning attorney doesn’t think the award is big enough to constitute a nuclear verdict.
This week: Maersk moves seven containers of medical supplies to India for $1 a pop; Razor’s new landing gear helps a veteran monument replica move across the U.S.; and XPO continues to support breast cancer walks.
Experts expect demand to continue to outpace supply through at least the first quarter of 2022.
The Teamsters backed the actions and praised the “brave” drivers; the court suggested XPO might have had a strong case.
The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.
The IT maven segues into an operations-driven role while keeping the CIO job.
“I am a firm believer that what gets measured gets accomplished,” says LaQuenta Jacobs on developing diversity, equity and inclusion programs within a public company.
The longtime IT executive assumes the role immediately in an “acting” capacity. The move is seen as extremely unusual because tech execs are not viewed as being operations-savvy LTL bosses.
This week: XPO’s chief diversity officer describes the importance of its inclusion initiatives, UPS opens up its Fairway to the Future quiz in honor of the Ryder Cup and the St. Christopher Truckers Relief Fund celebrates a successful diabetes program with the CDC.
Sudden end to inbound deliveries in Albany will force shippers to seek alternatives.
“I think the difference in distinctions between the digital players and the — whatever you call the nondigital players, has become almost nonexistent,” said XPO CEO Brad Jacobs in its earnings call.
This week: XPO receives a 90 out of 100 score on Disability Equality Index, Shell Rotella announces custom rig winners and Schneider driver’s daughter brings home first U.S. female diving medal since 1988.
