XPO Logistics announced GXO Logistics, the name of the company’s logistics business it plans to spin-off as an independent public company.
XPO Logistics plans to pursue a spin-off of 100% of its global logistics segment as a separate publicly traded company.
XPO Logistics has named LaQuenta Jacobs to the newly created position of chief diversity officer to "provide cultural leadership and strategic direction as an advocate of diversity, equity and inclusion at XPO."
After several years of building a logistics giant through rapid-fire acquisitions, XPO Logistics now says it’s looking into the possible sale or spin-off of one or more business units – anything but the core less-than-truckload business – as part of a “review of strategic alternatives.”
XPO Logistics has announced an expanded benefits package for new parents and expectant mothers, offering free, supplemental care for such employees.
XPO Logistics has launched an internal review of company culture and policies after allegations surfaced of poor workplace conditions and discrimination against pregnant employees at one of its warehouses in Memphis, Tenn.
The results from a survey commissioned by XPO Logistics found that as many as 37% of consumers in the U.S. plan to purchase heavy goods like furniture and appliances online.
By harnessing the power of artificial intelligence and better algorithms, XPO logistics plans to optimize its less-than-truckload business.
Despite “robust organic growth” thanks to e-commerce and freight brokerage, XPO Logistics’ third-quarter earnings came in lower than analysts’ expectations, as the company cut its earnings forecast due to the collapse of a large UK customer.
XPO Logistics Inc. has landed on the Fortune Future 50 list of U.S. public companies determined by the business magazine as having the best prospects for long-term growth.