What exactly does XPO Logistics do?
XPO (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network.
We help companies to de-risk their supply chains by moving their goods using cutting-edge technology..
What is the profile of XPO Logistics?
XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile and freight forwarding in Europe.
The company also manages multimodal solutions, such as road-rail and road-short sea combinations. 1,000 new drivers were hired in the U.K. and Ireland in 2022..
What is the XPO controversy?
A spokesperson for XPO called the allegations in the article "unsubstantiated, filled with inaccuracies", and claimed they were "fueled by the Teamsters".
In October 2021, XPO agreed to pay $30 million to 784 drivers who said the company paid them less than minimum wage..
What is XPO Logistics mission statement?
People, technology, assets and expertise that work together around the globe to help our customers s쳮d.
We're a leading supply chain partner to blue-chip companies across every major industry, with a sole focus on freight transportation..
- Largest shareholders include MFN Partners Management, LP, Vanguard Group Inc, BlackRock Inc., Orbis Allan Gray Ltd, Fmr Llc, Massachusetts Financial Services Co /ma/, Frontier Capital Management Co Llc, AMCPX - AMCAP FUND Class A, Cercano Management LLC, and IJH - iShares Core S&P Mid-Cap ETF .
- XPO is the third largest LTL carrier in the U.S. by revenue.
Customers include Caterpillar and Tractor Supply .
XPO's North American LTL business reported more than $4.1 billion in revenue in 2021, with 16% growth year over year.
