XPO

XPO announced Tuesday it has hired Wall Street analyst Ali Faghri to head its strategy initiatives.

The contract logistics provider sees a solid demand for the next five years.

Deal flow slowed in 2022, but there were still a number of transactions that changed trucking’s landscape during the year.

Recapitulación de las transacciones más impactantes del año

Ambiciones inalteradas mientras la compañía pasa de ser una empresa pura a ser “predominantemente una empresa norteamericana de LTL”.

Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.

XPO becomes the latest less-than-truckload carrier to announce voluntary furloughs.

XPO es el último en ofrecer despidos voluntarios

Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.

Piece-level tracking gives XPO employees and customers real-time visibility for tracking LTL shipments.

XPO Logistics is the latest logistics company to partner with Google Cloud, which is quickly gaining traction in the supply chain world.

XPO Logistics released a sustainability report that hones in on recruiting underrepresented groups and using optimization to reduce emissions.

Companies across the logistics industry will need to start considering their carbon footprint as new regulations come down and consumers start voting with their dollars.

Over the last decade, XPO Logistics has spent hundreds of millions of dollars investing in the development of advanced transportation technology with the use of “the brightest technology minds out there.”

This swift rise in online shoppers has stressed an already-taxed industry, increasing the demands on less-than-truckload (LTL) carriers significantly.

The American Trucking Associations (ATA) predicts the industry will be a record 80,000 drivers short in the next year.

During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.

Experts expect demand to continue to outpace supply through at least the first quarter of 2022.

The Teamsters backed the actions and praised the “brave” drivers; the court suggested XPO might have had a strong case.

The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.