Tag Archives: Con-way

XPO Logistics Announces Second Quarter 2016 Results

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GREENWICH, Conn. – August 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the second quarter of 2016. Total gross revenue increased 202.9% year-over-year to $3.7 billion. Net income attributable to common shareholders was $42.6 million for the quarter, or earnings of $0.35 per diluted share, compared with a net loss attributable to common shareholders of $75.1 million, or a loss of $0.89 per diluted share, for the same period in 2015.

The adjusted net income attributable to common shareholders, a non-GAAP measure, was $50.4 million, or earnings of $0.42 per diluted share for the second quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $13.6 million, or a loss of $0.16 per diluted share, for the second quarter of 2015.

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INTERSPORT Selects XPO Logistics to Manage Its First Outsourced Logistics Warehouse in Europe

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GREENWICH, Conn. — July 13, 2016 — XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has announced that it will manage the first outsourced logistics warehouse for INTERSPORT, the largest sporting goods retail network in Europe. The warehouse will serve 600 retail outlets in France and Belgium, and is expected to handle eight million items annually from 122 suppliers within 24 months of opening. The five-year contract will initiate in January of 2017.

Strategically located adjacent to INTERSPORT’s warehouse in Saint-Vulbas (Ain), France, the new facility will allow INTERSPORT to better centralize the flow of goods and progressively increase its storage capacity in line with its rapid growth. Both warehouses will utilize Reflex software combined with a transportation management system to fully integrate the managed flow of goods. Furthermore, the proximity of the two warehouses will optimize transportation capacity.

XPO has designed a customized logistics solution to meet the requirements of INTERSPORT franchisees. The company will package products of all sizes and volumes, and will prepare single-item deliveries as a customer service for retail outlets. The XPO facility in Lyon, France, which already handles sports products, will help manage peaks in activity and the seasonality of product lines.

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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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