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Drilling Deep: It’s time for the big spinoff at XPO

Also on the podcast: A shoutout to fuel surcharges

Good top-line, mixed bottom line for XPO (Photo: Jim Allen/FreightWaves)

It’s been a long time coming, but the market is on the verge of XPO (NYSE: XPO) spinning off its contract logistics business into GXO.

On this week’s Drilling Deep podcast, FreightWaves’ Mark Solomon, a longtime observer of XPO, talks about the reasons behind the move and what it means for the new company about to be created, as well as the company it is leaving behind. What can XPO do now that it’s been reshaped into a company that is heavily focused on transportation?

Also on the podcast this week, a brief statement on an earnings call heard by host John Kingston said a lot about the effectiveness of fuel surcharges during a time of rising oil prices.

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.