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In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
XPO Logistics Inc. (NYSE: XPO) on Thursday introduced its planned spinoff, GXO Logistics Inc. XPO announced that it has filed a confidential initial Form 10 with the U.S Securities and Exchange ...
Malcolm Wilson, GXO CEO, speaks with Yahoo Finance on the company going public, expectations for future innovations, and expansion plans.
Also Read: XPO Logistics’ Proposed Spin-Off RXO Raises $355M Via Debt Offering The partial earnings release comes ahead of its first investor day under incoming CEO Mario Harik, on October 18, a.
XPO, Inc. is an American transportation company that conducts less-than-truckload shipping in North America. [ 9 ] [ 10 ] [ 11 ] The company has headquarters in Greenwich, Connecticut , and has 564 locations globally.
Brad Jacobs (born August 3, 1956) is an American businessman who serves as chairman and CEO of QXO, Inc. [1] [2] In addition, he is executive chairman of XPO, Inc., [3] [4] and non-executive chairman of RXO, Inc. and GXO Logistics [5] both of which are spin-off companies from XPO, Inc..
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The company was founded by Consolidated Freightways (CF) of Portland, Oregon, as a non-union spinoff, for LTL hauling. In 2009, Con-way Freight reported revenues of over $2.6 billion. [ 4 ] In 2015, Con-way Inc., including Con-way Freight and sibling company Con-way Truckload , was acquired by XPO, Inc. , a primarily non-asset logistics company ...