The longtime IT executive assumes the role immediately in an “acting” capacity. The move is seen as extremely unusual because tech execs are not viewed as being operations-savvy LTL bosses.
“I think the difference in distinctions between the digital players and the — whatever you call the nondigital players, has become almost nonexistent,” said XPO CEO Brad Jacobs in its earnings call.
The company posts solid numbers for its transport and logistics units as the logistics business prepares for trading on Monday as a spun-off entity.
GXO Logistics looks to capitalize on favorable macro trends.
XPO Logistics announced a 5 million-share equity offering on Monday. Half of the stock would be a new issuance from the company with the other half being sold by an affiliate of Brad Jacobs, XPO’s chairman and CEO.
The company says it will continue to work with shareholders as it evaluates future compensation plans.
The Teamsters union is seeking executive compensation reform at XPO.
The first-ever deal with Apple is part of $4 billion in logistics contracts for XPO since the year began.
Company boosts its full-year EBITDA range, and discloses 11-year, $1.8 billion logistics contract with unidentified customer.
Jacobs says 10% U.S. GDP growth is not out of the question in 2021.
CIO named for soon-to-be-spun-off company
XPO Logistics sees strong momentum coming off an excellent fourth quarter.
Brokerage steals the spotlight at XPO amid a record revenue performance and strong 2021 earnings guidance.
Cawston, Chowdhury are tapped for top positions at the new company.
In today’s edition of The Daily Dash, what comes next for Brad Jacobs and XPO? Plus, Transport America positions for the future and U.S. Xpress seeks answers to improving driver efficiency.
Firm to create two independent companies with each trading on the NYSE.
XPO is `very comfortable with where we are’ heading into 2021, Jacobs says.
News could restart the spin-off process for all four business units.
XPO’s Jacobs said facilities will be two of the most highly automated ever built.
LaQuenta Jacobs promoted to provide cultural leadership and strategic direction.
