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In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
XPO paid US$3.56 billion, which included acquired debt, for European transport company Norbert Dentressangle and $3 billion for Con-way. [15] [16] XPO sold its truckload division (acquired from Con-Way) to TransForce for $558 million in cash. [17] In June 2016, XPO was included in the Fortune 500 list of the largest US corporations based on ...
The business unit provided day-definite delivery service to manufacturing, industrial and retail customers. [2][3] Con-way Freight was the largest division of Con-way, Inc. with 16,600 employees, more than 365 operating locations, 16,000 dock doors and 32,750 tractors and trailers. The company was founded by Consolidated Freightways (CF) of ...
XPO Logistics, Inc (NYSE: XPO) shared preliminary results for the third quarter of FY22 and long-term targets. XPO expects revenue of $3.04 billion, below the consensus of $3.1 billion. It expects ...
The company was later listed on the New York Stock Exchange under the ticker symbol XPO. [30] In August 2021, XPO completed its spin-off of GXO Logistics, and Jacobs became non-executive chairman of GXO's board of directors. [31] [32] [33] In August 2022, Jacobs announced plans to step aside as CEO of XPO Logistics but remain executive chairman.
XPO Logistics Inc. (NYSE: XPO) on Thursday introduced its planned spinoff, GXO Logistics Inc. XPO announced that it has filed a confidential initial Form 10 with the U.S Securities and Exchange ...
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Contract Freighters, Inc (CFI) was founded in 1951 in Joplin, Missouri by Roy Reed and Ursull Lewellan. The company began with one tractor and two trailers, [1] and generated revenues of $12,000 during its first year. CFI expanded services into Mexico providing through-trailer service since 1985. The first international office opened in 1987 in ...
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