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Mario Harik, XPO's former chief information officer, who also serves as the company's president, was appointed as CEO. [24] In March 2022, XPO sold its North American intermodal business to Illinois-based STG Logistics for $710 million. [33] [22] In March 2023, XPO appointed J. Wes Frye, a retired industry veteran, to its board of directors. [34]
For a short period between 2015 and 2016, the company was owned by XPO, Inc. and known as XPO, Inc. Truckload. In 2016, it was acquired by Canadian logistics company TFI International who returned it to its pre-2007 operations as a standalone truckload company under its original name, CFI. TFI sold the company to Heartland in 2022.
On September 9, 2015, Con-way Inc. (including Con-way Freight) was acquired by XPO, Inc. [8] Roughly a year later, on October 27, 2016, XPO, Inc. completed the sale of Con-way Truckload, its recently acquired full-truckload division (3,000 tractors, 7,500 trailers, and 29 locations) from Con-way Freight to the Canadian based TFI International ...
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 ...
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The idea for Menlo Logistics was developed in the late 1980s. At that time, CF Inc.’s director of marketing, John Williford, presented the idea for the company's creation — an organization that offered warehouse, inventory, and transportation management as well as full integration of supply chain links through customized systems and software — to upper management.
R+L Carriers is a privately owned American freightshipping company based in Wilmington, Ohio, which grew over the course of 50 years from one truck to a fleet of 21,000 tractors and trailers. [1]
CNF retained the Con-Way regional LTL companies, Emery Worldwide, and the growing logistics business, Menlo Logistics. [2] The spinoff long-haul trucking company, now called Consolidated Freightways Corporation, filed for Chapter 11 bankruptcy on September 3, 2002, and ceased operations.