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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]
The former Pacer operations have been integrated into the XPO, Inc. service offering, which includes truck brokerage, intermodal, ground and air expedite, last mile logistics, contract logistics, freight forwarding, less-than-truckload brokerage and managed transportation.
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) shared preliminary results for the third quarter of FY22 and long-term targets. ... XPO expects the brokerage company to achieve adjusted EBITDA of $475 million ...
XPO Logistics, Inc. Chairman and CEO Brad Jacobs joins Yahoo Finance Live to discuss why the company is spinning off its freight brokerage, European, and intermodal businesses.
The trucking and truck brokerage company XPO logistics (XPO) isn't forecasting a robust freight economy.
The company was later listed on the New York Stock Exchange under the ticker symbol XPO, Inc. [30] In August 2021, XPO, Inc. completed its spin-off of GXO Logistics, and Jacobs became non-executive chairman of GXO's board of directors. [31] [32] [33] In August 2022, Jacobs announced plans to step aside as CEO of XPO, Inc. but remain executive ...
Schneider National, Inc. is a provider of truckload, intermodal and logistics services. [1] Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics. [2] [3]