XPO Logistics

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.

FMCSA hours-of-service exemption weighs heavily in a court decision rejecting wage claims against XPO Logistics.

CIO named for soon-to-be-spun-off company

The vote to decertify the union in New Jersey was 16-2 and comes soon after a similar rejection of an in-place union in Southern California.

Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.

With Malcolm Wilson, XPO’s chief executive officer for Europe, taking the lead as the CEO of GXO, the company expects the spinoff will create long-term value for its stakeholders.

XPO Logistics has embraced diversity, equity and inclusion in its workforce that is enhancing its culture, and leading to business success.

Perks, not just higher wages, may be the price for retaining qualified and high-demand warehouse labor.

XPO and port drayage are in the Teamsters Union target sights in backing the PRO Act.

Revolution Acceleration Acquisition, a special purpose acquisition company, combines with Berkshire Grey to tap into the red-hot industrial robotics market.

XPO is known as a digital broker that collaborates with its customers to develop innovative technologies.

In today’s edition of The Daily Dash, a pension bailout bill that would affect Yellow and ABF Freight drivers could be near in Congress. Plus, XPO posts a record quarter and Uber Freight’s growth continues.

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.

An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.

Demand for its products skyrocketed, but port congestion and freight capacity constraints have prevented their delivery, and now Peloton is spending $100 million to try and fix its supply chain.

Whereas at other times cheap capital might be an occasion to take bigger risks, this time, enterprises are not using their resources to expand outside their bread-and-butter business but instead to invest within it.

Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.

Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.