XPO News Updates

BusinessLogistics

XPO In Line for 28 Yellow Properties for $870 Million

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp.

December 5, 2023
BusinessLogistics

Breaking: Brad Jacobs' Bold Billion Dollar Move

Brad Jacobs, the billionaire who founded XPO Logistics Inc., is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself. Jacobs has not yet said what industry he plans to expand into with his new venture.聽

December 5, 2023
Business

XPO Founder Brad Jacobs Readies $1 Billion Acquisition Firm

Brad Jacobs, the billionaire who founded XPO Logistics, is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself.

December 4, 2023
BusinessLogistics

RXO Executive Reflects on Launching Amid Freight Down Cycle

RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO鈥檚 one-year anniversary Nov. 1.

November 2, 2023
BusinessTechnologyFor-Hire

XPO Reports Revenue Increase Despite Tough Conditions

XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.

October 30, 2023
BusinessLogisticsFor-Hire

XPO Reports Q2 Income, Revenue Decline

XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.

August 4, 2023
BusinessLogistics

GXO Beats Wall Street Predictions, Boosts Q2 Profit 27%

GXO Logistics, the contract logistics provider that was spun off two years ago from its parent company XPO, reported stronger-than-expected second-quarter results on Aug. 2.

August 3, 2023
BusinessLogisticsFor-Hire

XPO Bolsters Capacity With Expansion in Georgia

XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.

July 18, 2023
BusinessEquipmentSafety

Kolton Schultz Returns to NTDC Stage With Idaho Victory

XPO driver Kolton Schultz credits his instincts for winning the 3-axle class and claiming grand champion honors at the Idaho Truck Driving Championships.

June 30, 2023
BusinessLogisticsTop 100

XPO Workers at Florida Facility Decertify Teamsters Union

XPO workers on June 21 voted to remove a local Teamsters union from their Hialeah, Fla., workplace. Teamsters Local 769 was first certified in December 2014.

June 28, 2023