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In 2011, Jacobs invested approximately $150 million in XPO, Inc. (then named Express-1 Expedited Solutions), a transportation and third-party logistics provider. [23] [25] He became chairman of the board [26] [5] and CEO [27] [28] and gained ownership of approximately 71 percent of the company. [29]
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ArcBest Corporation is an American holding company for truckload and less-than-truckload (LTL) freight, freight brokerage, household good moving, and transportation management companies. Historically, the company also owned furniture, banking, and other diverse subsidiaries.
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
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Linfox was established in 1956 by Lindsay Fox as Lindsay Fox Cartage with one truck in Melbourne. In 1958, a contract with Schweppes saw the fleet grow to ten trucks. In the early 60's Lindsay joined with BP to distribute heating oil in Melbourne thus doubling his fleet. By 1966, the fleet comprised over 60 trucks.
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