XPO Logistics

XPO Logistics said it will be closing a distribution center in San Antonio.

Can Brad Jacobs lift the conglomerate’s discount off of XPO’s back and still maintain its non-LTL businesses?

Also on this week’s podcast: A shoutout to fuel surcharges.

One aspect of the decision that may stick is a clear ruling that owner-operators on a lease are independent contractors, not employees.

The company posts solid numbers for its transport and logistics units as the logistics business prepares for trading on Monday as a spun-off entity.

Is this the start of more union representation at XPO or just a head fake?

Companies will demand a full, scalable suite of services from their partners over the next few years, leading to widespread consolidation and the emergence of a handful of clear leaders with considerable market share.

Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.

Pay is rising under the two-year deal but union officials stress the formalization of procedures as the big win.

XPO Logistics announced a 5 million-share equity offering on Monday. Half of the stock would be a new issuance from the company with the other half being sold by an affiliate of Brad Jacobs, XPO’s chairman and CEO.

This week: Workforce Heroes teach students about trucking careers, ‘Grow at XPO’ launches 100th location and WIT teams up with CarriersEdge for Diversity and Inclusion Index.

XPO Logistics provided updated expectations for the second quarter and issued 2022 guidance for soon-to-be stand-alone logistics company GXO.

The Chicago brokerage adds a capital allocator and carrier expert to its C-suite.

The Teamsters union is seeking executive compensation reform at XPO.

The first-ever deal with Apple is part of $4 billion in logistics contracts for XPO since the year began.

Company boosts its full-year EBITDA range, and discloses 11-year, $1.8 billion logistics contract with unidentified customer.

Jacobs says 10% U.S. GDP growth is not out of the question in 2021.

FMCSA hours-of-service exemption weighs heavily in a court decision rejecting wage claims against XPO Logistics.

CIO named for soon-to-be-spun-off company

The vote to decertify the union in New Jersey was 16-2 and comes soon after a similar rejection of an in-place union in Southern California.

Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.

With Malcolm Wilson, XPO’s chief executive officer for Europe, taking the lead as the CEO of GXO, the company expects the spinoff will create long-term value for its stakeholders.

XPO Logistics has embraced diversity, equity and inclusion in its workforce that is enhancing its culture, and leading to business success.

Perks, not just higher wages, may be the price for retaining qualified and high-demand warehouse labor.

XPO and port drayage are in the Teamsters Union target sights in backing the PRO Act.

Revolution Acceleration Acquisition, a special purpose acquisition company, combines with Berkshire Grey to tap into the red-hot industrial robotics market.

XPO is known as a digital broker that collaborates with its customers to develop innovative technologies.

In today’s edition of The Daily Dash, a pension bailout bill that would affect Yellow and ABF Freight drivers could be near in Congress. Plus, XPO posts a record quarter and Uber Freight’s growth continues.

XPO Logistics sees strong momentum coming off an excellent fourth quarter.

Brokerage steals the spotlight at XPO amid a record revenue performance and strong 2021 earnings guidance.

An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.

Demand for its products skyrocketed, but port congestion and freight capacity constraints have prevented their delivery, and now Peloton is spending $100 million to try and fix its supply chain.

Whereas at other times cheap capital might be an occasion to take bigger risks, this time, enterprises are not using their resources to expand outside their bread-and-butter business but instead to invest within it.

Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.

Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.

Another supporter of improving less-than-truckload fundamentals was identified this week. UBS analyst Tom Wadewitz initiated coverage of the group with a favorable outlook.

Cawston, Chowdhury are tapped for top positions at the new company.

XPO Logistics’ virtual reality program is designed to promote effective loading procedures at LTL docks, the company says.

XPO gets most of K + N’s U.K. contract logistics business.

XPO Logistics garners a spot on FreightWaves’ FreightTech 25 list.

In today’s edition of The Daily Dash, ArcBest is the latest LTL carrier to report a strong start to Q4. Plus, 2020 supply chain trends are likely to continue into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.

2020’s supply chain changes because of COVID will likely stick around in 2021, and could become permanent fixtures of the modern supply chain, XPO’s Drew Wilkerson said.

In today’s edition of The Daily Dash, truckers hauling produce are collecting rates never-before-seen in December. Plus, construction continues on Nikola’s electric truck assembly plant and warehouse space remains red-hot.

In today’s edition of The Daily Dash, what comes next for Brad Jacobs and XPO? Plus, Transport America positions for the future and U.S. Xpress seeks answers to improving driver efficiency.

How long will Brad Jacobs stay on after split and spinoff of logistics business?

Firm to create two independent companies with each trading on the NYSE.

In today’s edition of The Daily Dash, the battle lines are being drawn in the regulatory fight over broker transparency. Plus, J.B. Hunt announced several executive changes, and self-driving startup TuSimple secures $350 million in funding.

XPO Logistics’ Nick Ober said during the What The Truck?!? podcast that using technology improves carrier relationships and the overall customer experience.

XPO Logistics and Southwest Airlines will be eliminating jobs in Texas.

XPO is `very comfortable with where we are’ heading into 2021, Jacobs says.

Business “rebounded dramatically” in the quarter, Jacobs says.

Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.

Uber Freight and XPO Freight Logistics LTL are among several new carriers that have joined the FourKites Premier Carrier List, recognizing excellent customer service.

Erik Caldwell, Last Mile president for XPO Logistics, and FreightWaves President George Abernathy talk about the consumer demand and the last mile in the keynote event for the FreightWaves Last Mile Logistics Summit.

In today’s edition of The Daily Dash, Amazon is altering the industry’s perspective of peak freight season. Plus, Women in Trucking named the top employers for women and XPO could be looking to downsize.

Talk of a European supply chain unit sale may put XPO’s Jacobs at fork in the road.

Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.

News could restart the spin-off process for all four business units.

The decision comes after a customer chose another vendor.

You can find every FreightWaves podcast conveniently in one feed via the free FreightCasts channel on iTunes, Spotify or wherever podcasts are found.

Ignore heavy-goods returns at your own peril, experts warn retailers.

Werner’s Leathers said some customers struggling to get product in time for peak.

API use continues to grow within businesses, and XPO is leveraging the potential to streamline XPO Connect and improve the overall customer experience.

FreightWaves President George Abernathy talks with XPO Logistics CIO Mario Harik about using tech solutions to deliver a more efficient supply chain during Global Trade Tech

The head transportation analyst at Deutsche Bank says a market that sped up through the second quarter has raced ahead so far in the third

Triten Real Estate Partners acquires less-than-truckload terminal in sale-leaseback arrangement with XPO Logistics.

On-time scheduling called out for allegedly resulting in trailer trucks dispatched empty.

Former XPO executive Daniel Walsh succeeds Jennifer Polli, who is credited with leading the chassis provider through “significant transformation.”

The combination of artificial intelligence and machine learning are allowing XPO’s brokerage operation to offer more visibility into pricing, capacity and tracking.

Numbers for the division were far worse than those of peers like Old Dominion and Saia; Deutsche Bank recommends breakup of the company

The important barometer is down about 10 percentage points on decline in XPO LTL revenue that outstripped cutbacks in expenses.

Driver/dock worker was fired after leaving work early due to her period; two other XPO Black workers lose a second time

FreightWaves is hosting the 3PL Summit on July 21, a virtual event that will include technology demonstrations, hot debates and visionary speakers from across the 3PL spectrum.

Several other companies cited in overall bullish report

Deutsche Bank geofencing data shows the less-than-truckload recovery off of an April bottom spills into June.

Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.

While less-than-truckload volumes may not have rebounded sequentially from April, one sell-side analyst sees acceleration in recent weeks as bullish for the industry.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trucking sector wrestling with fragile freight rates and loose capacity; XPO Logistics to layoff 243 employees; Mexico’s auto manufacturers restarts factories, but a few are still waiting; World Trade Bridge officers intercept narcotics worth more almost $1 million.

Opponents of increasing size standards for trucks fear permanent changes post-pandemic.

An exclusive interview with Deutsche Bank’s Amit Mehrotra on what COVID-19 means to transport stocks.

Recommendations include electronic invoicing, advance appointments, emergency sick leave.

Selection from private sector feeds speculation of potential privatization of federal agency.

XPO Logistics Inc. (NYSE: XPO) on Monday reported first-quarter revenue of $3.86 billion, down from $4.12 billion in the first quarter of 2019, as the COVID-19 pandemic in mid-March derailed […]

XPO’s Brad Jacobs says 2020 is most likely a lost year.

Tyson Foods plans to pay drivers and essential personnel $60 million in “thank you” bonuses for service during the pandemic.

XPO increases paid sick leave by two weeks for employees affected by the coronavirus.

Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.

XPO announces deal to buy the majority of Kuehne + Nagel’s U.K. contract logistics segment. The deal comes shortly after XPO announced plans to divest units.

Know what is happening right now.

This week we make a clean sweep of the headlines and all the freight and logistics action. It’s a tough balancing act, getting it all in a single live episode […]

XPO Logistics Inc. will lay off more than 300 workers at its Fort Worth distribution center in April, according to a notice filed with the Texas Workforce Commission TWC. According […]

The response from CEO Jacobs is always the same: Splitting it up will achieve better shareholder value.

Darren Prokop writes about the volatility in trucking, and how ecommerce may help less-than-truckload carriers recover in 2020.

Many measures of activity were weaker but the bottom line improved.

The majority of executives expect growth exceeding 10% and are actively pursuing deals.

New technology, capital, and business models have changed the competitive landscape.

It’s a bold plan and FreightWaves’ Mark Solomon has plenty of experience covering XPO to give us a unique perspective.

Urban deliveries to overrun cities. Tier one auto suppliers to get squeezed

Earlier this month, the CEO of XPO (NYSE:XPO), Brad Jacobs, announced that he intended divest operating units of XPO in an effort to maximize shareholder value. One thing was clear, however. Jacobs intended to hold onto the less-than-truckload (LTL) operations of XPO that were formerly known as Con-way. As part of our Online Haul of Fame Series, here is a look back at the history of Con-way.

Brad Jacobs enters rich, leaves richer