Tag Archives: XPO Logistics

XPO Logistics Named Fastest-Growing Company in Fortune 500

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GREENWICH, Conn. — July 11, 2016 — XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has been named the fastest-growing company on the Fortune 500 list. The Fortune 500 list identifies the largest U.S. companies by revenue. XPO Logistics ranks number 353 for 2015, from 909 the prior year.

Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “2015 was a transformative year for us, capped by our inclusion as a Fortune 500 company for the first time. Our ranking as the fastest-growing Fortune 500 company is a further testament to our strategy, which drove the expansion of our operations in Europe and North America. XPO is now a $15 billion company at the inflection point to create significant returns.”

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Diebold Honors XPO Logistics With Platinum Award

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GREENWICH, Conn. – June 14, 2016 – XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has been honored by Diebold, Incorporated (NYSE: DBD) with the 2016 Platinum Award for Supplier Excellence.

Diebold is recognized worldwide as a leader in innovative financial self-service, security, software and service solutions provided to financial, commercial, retail and other markets. XPO is one of only five suppliers in Diebold’s history to receive the Platinum designation, which is the company’s highest recognition of superior performance.

XPO provides Diebold with supply chain engineering, network management and transportation procurement through control tower operations in the United States, China and Hungary, as well as logistics services for the warehousing, assembly, staging and distribution of finished products and components. This is the second consecutive year that XPO has achieved Platinum status, following six Silver awards in a nearly decade-long relationship.

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XPO Logistics Appoints Meghan Henson as Chief Human Resources Officer

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GREENWICH, Conn. – June 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) (“XPO”) today announced that it has appointed Meghan Henson to the position of chief human resources officer. Effective immediately, Ms. Henson will lead the company’s global human resources organization.

Ms. Henson has 15 years of senior experience leading domestic and international human resources operations. She most recently served as chief human resources officer for the Chubb Group of Insurance Companies, a leading publicly traded property and casualty insurer, with global responsibility for workforce support in 54 countries.

Previously, over an eight-year tenure with PepsiCo, Ms. Henson held executive roles that included chief human resources officer for global functions; senior vice president of human resources for the $10 billion Gatorade, Tropicana and Quaker product businesses; and head of human resources in the Greater China Region for PepsiCo’s multi-product direct sales business unit. Earlier, she worked in management consulting with Deloitte Consulting LLC and Towers Perrin (now Towers Watson). Ms. Henson holds a bachelor’s degree in East Asian studies and political science from the University of Wisconsin; and master’s degrees in business and public policy from the University of Michigan.

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XPO Logistics Recognizes Three Professional Drivers for Achieving Three Million Accident-Free Miles

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GREENWICH, Conn. – June 2, 2016 – XPO Logistics (NYSE: XPO), a leading global provider of transportation and logistics, today announced that professional drivers David Trotter, Bryan Broyles and Thomas Spiker have each surpassed three million accident-free miles. The drivers were honored at XPO’s less-than-truckload (LTL) service centers in Mobile, Ala., Mundelein, Ill., and Joliet, Ill., respectively.

Tony Brooks, president of XPO’s LTL business, said, “The accomplishments of David, Bryan and Tom exemplify our company’s constant focus on safety. Three million miles equates to some 30 years of sharing the road accident-free over a distance of roughly 120 times around the Earth. That’s a truly impressive safety performance. We’re proud to have these three professionals on our team, serving our customers.”

“If you want to achieve one million miles, you’ve got to love your job,” said Trotter. “If you want to reach three million miles, you’ve got to live and breathe safe driving. I take every safety practice seriously, starting with my pre-trip inspection each day.”

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XPO Logistics Appoints Ramon Genemaras as Chief Transformation Officer

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GREENWICH, Conn. – May 18, 2016 – XPO Logistics, Inc. (NYSE: XPO) (“XPO”) today announced that it has appointed Ramon Genemaras to the newly created position of chief transformation officer, effective immediately. Mr. Genemaras will lead the ongoing transformation of the company’s global business processes with a P&L focus.

Mr. Genemaras has nearly three decades of senior experience in operations excellence, network optimization, strategic sourcing management and Lean Six Sigma with Fortune 500 companies. He has led the transformation of multi-billion dollar businesses through significant periods of change, including global integration.

Prior to XPO, Mr. Genemaras served as chief operating officer for a $4.5 billion division of Johnson Controls, Inc.; vice president-operational excellence for an $8 billion division of Tyco International; and senior vice president-global operations and supply chain for CHEP, a logistics company of the Brambles Group. Earlier, he spent 17 years with General Electric Company, including executive roles with GE Motors Manufacturing, GE Commercial Transformers and GE Industrial Solutions. He holds a degree in mechanical engineering from the University of Florida.

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XPO Logistics Awarded Diamond Supplier Status by Navistar

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GREENWICH, Conn. – May 6, 2016- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has been recognized by Navistar International Corp. (NYSE: NAV)  for achieving Diamond Supplier status as one of its top-performing suppliers.

Each year, Navistar ranks its suppliers according to various performance metrics, including quality, service delivery, technology and cost. The Diamond Supplier designation is Navistar’s most prestigious award, and is conferred annually on the top two percent of the company’s supply base worldwide.

XPO provides contract logistics services in support of Navistar’s global supply chain operations. The 2015 award marks the second consecutive year in which the company has achieved Diamond Supplier status.

David McKean, vice president of procurement for Navistar, said, “XPO’s dedication to meeting our highest expectations has rightfully earned this distinction. Navistar is committed to pioneering new products and technologies that deliver a better future for our customers. XPO has proven to us that we can count on them for essential supply chain support in line with our vision.”

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XPO Logistics Announces First Quarter 2016 Results

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GREENWICH, Conn. – May 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the first quarter of 2016. Total gross revenue increased 404.4% year-over-year to $3.5 billion, and net revenue increased 510.5% to $1.6 billion.

The company reported a net loss attributable to common shareholders of $23.2 million for the quarter, or a loss of $0.21 per diluted share, compared with a net loss attributable to common shareholders of $15.4 million, or a loss of $0.20 per diluted share, for the same period in 2015. The first quarter 2016 net loss includes $16.8 million of one-time after-tax transaction-related costs net of noncontrolling interests, and a $26.9 million non-cash after-tax amortization charge.

The adjusted net loss attributable to common shareholders, a non-GAAP measure, was $9.3 million, or a loss of $0.08 per share for the first quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $9.9 million, or a loss of $0.13 per share, for the first quarter of 2015.

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XPO Logistics Ranked #1 by Shippers for On-Time Pickup and Delivery Among National Less-Than-Truckload Carriers

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GREENWICH, Conn. – April 21, 2016 – XPO Logistics, Inc. (NYSE: XPO), the second largest less-than-truckload (LTL) carrier in North America, has been awarded top honors in eight categories in the 2015 Mastio LTL Carrier Customer Value and Loyalty Report. XPO is a top ten global provider of transportation and logistics services, including LTL, freight brokerage, supply chain, last mile, intermodal, drayage, truckload, expedite, managed transportation and global forwarding.

Surveyed shippers ranked XPO highest among national LTL carriers in the categories of:

  • Trustworthiness
  • Shipments picked up when promised
  • Shipments delivered when promised
  • Ability to meet appointment times for pick-up
  • Shipments delivered with no shortages
  • Competitive transit times
  • Billing accuracy
  • Claims processing

Tony Brooks, president-less-than-truckload for XPO Logistics, said, “Trustworthy, on-time pickup and delivery is paramount to every customer relationship. It’s gratifying that LTL shippers in North America have recognized XPO as the leader in these categories, and in many other important areas of customer service. Every employee on our LTL team shares in this honor: our professional drivers, dockworkers, customer service representatives, and the dedicated operations and sales teams that lead our service centers.”

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XPO Logistics Promotes Safe Driving through Community and Employee Involvement

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GREENWICH, Conn. – April 15, 2016 – XPO Logistics, Inc. (NYSE: XPO) has launched a North American campaign throughout its less-than-truckload (LTL) and full truckload networks to promote National Distracted Driving Awareness Month, a designation of the National Safety Council. The company dispatches approximately 18,000 professional truck drivers daily in its North American transportation operations.

XPO will partner with law enforcement and school districts throughout April to bring visibility to the dangers of distracted driving. Scheduled events include:

  • Say No to Distracted Driving. On April 19 and 20, 2016, XPO professional driver Stephanie Klang will host six distracted driving presentations at Carthage Senior High School in Carthage, Mo. Klang is a Women in Trucking Image Team member and former America’s Road Team captain. The presentations will run from 7:55 a.m. to 1:00 p.m. local time on April 19, and from 9:30 a.m. to 2:35 p.m. on April 20.
  • “Gone Too Soon” Educational Video. On April 26, 2016, Sergeant John Lueckenhoff, public information and education officer for the Missouri State Highway Patrol, will present an educational video and discussion on distracted driving at XPO’s operations center in Joplin, Mo., at 9:00 a.m. local time.

“We’ve all seen motorists text, eat, talk on the phone, even put on makeup while driving,” said Stephanie Klang, a veteran professional XPO driver with more than three million accident-free miles to her credit. “And we all know how dangerous inattentive drivers are. When someone is distracted from looking at the road and the cars around them, the consequences can be tragic.”

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