XPO, Inc.

Overview

XPO, Inc.

former name	XPO Logistics, Inc. (2011–2022)
type	Public
traded as	nyse: XPO S&P 400 component
industry	Supply chain management Transportation Logistics
hq location	Greenwich, Connecticut, US
num locations	592 (2025)
area served	Europe and North America‡R1R‡
key people	Mario Harik (chairman and CEO) Dave Bates (COO)
founded	2000
founder	Brad Jacobs
services	LTL Transportation Logistics Shipping Land transport Freight Supply chain
revenue	US$8.16 billion (2025)
operating income	US$656 million (2025)
net income	US$316 million (20245
assets	US$8.19 billion (2025)
equity	US$1.86 billion (2025)
num employees	37,000 (2025)
footnotes	‡R2R‡‡R3R‡‡R4R‡

XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping, or less than load (LTL), in North America.[5][6][7] The company has headquarters in Greenwich, Connecticut, and has 592 locations globally.[2] XPO is the second largest provider of LTL services in North America, operating in 99 percent of all U.S. postal codes.[8]

In Europe, XPO provides dedicated truckload, LTL, truck brokerage, managed transportation, last mile, and freight forwarding services.[9][10]

History

2011–2021

The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange under the ticker symbol XPO. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011.[6][12][13] In June 2012, XPO listed its shares on the New York Stock Exchange.[14]

XPO has acquired a number of logistics businesses in North America and overseas.[15] Some notable acquisitions include: 3PD, Inc. (August 2013), Pacer International, Inc. (March 2014), Norbert Dentressangle SA (April 2015) and Con-way Inc. (October 2015). XPO paid US$3.56 billion, which included acquired debt, for European transport company Norbert Dentressangle and $3 billion for Con-way.[16][17] In 2016, XPO sold its truckload division (acquired from Con-Way) to TransForce for $558 million in cash.[18]

In June 2016, XPO was included in the Fortune 500 list of the largest US corporations based on revenue.[19]

Beginning in 2021, XPO Logistics broke into three separate publicly traded companies, making XPO solely a less-than-truckload (LTL) provider.[20]

GXO Logistics

In August 2021, the company spun off its contract logistics business into a separate company named GXO Logistics, with facilities located primarily throughout North America and Europe.[21] GXO stands for "game-changing opportunities".[22] Patrick Kelleher is the CEO of the company.[23]

RXO

XPO spun off its brokerage and other services—managed transportation, global forwarding and last-mile logistics—to a separate company named RXO, Inc. in November 2022.[24][25][26] RXO is headquartered in Charlotte, North Carolina.[27] Drew Wilkerson is CEO of the company.[28]

2022–present

XPO dropped "Logistics" from its name in December 2022 and remains solely an LTL carrier, which allows multiple customers to transport goods in the same truck.[24] In August 2022, Brad Jacobs announced he was stepping down as CEO and would serve as executive chairman. Mario Harik, XPO's former chief information officer, who also serves as the company's president, was appointed as CEO.[21] In March 2022, XPO sold its North American intermodal business to Illinois-based STG Logistics for $710 million.[29][30] In March 2023, XPO appointed J. Wes Frye, a retired industry veteran, to its board of directors.[31] In April 2023, XPO announced the hire of Dave Bates as chief operating officer of North American LTL.[32]

XPO, Inc.

History

2011–2021

GXO Logistics

RXO

2022–present

Operations

North America

Europe

Controversy

See also

External links

References