XPO Logistics, Inc.
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- XPO, Inc. (NYSE: XPO) operates as a leading provider of less-than-truckload (LTL) freight transportation and logistics services in North America and Europe. The company offers premium LTL shipping with day-definite services covering 99% of U.S. postal codes, Canada, Mexico, and the Caribbean through its coast-to-coast network of over 600 terminals and 17,000 doors; truck brokerage; managed transportation; last-mile logistics; freight forwarding; dedicated truckload; intermodal and multimodal solutions including road-rail and road-short sea combinations; and proprietary technology platforms leveraging data science, machine learning, real-time tracking, dynamic pricing, EDI/API integrations, and shipment management tools. XPO serves approximately 54,000 customers across consumer, trade, industrial, telecom, aerospace, and healthcare sectors with 38,000 employees globally. Founded in 1989 as Express-1 Expedited Solutions in Grand Rapids, Michigan, and rebranded XPO Logistics in 2011 following acquisition by Bradley Jacobs, the company changed its name to XPO, Inc. in December 2022 and maintains headquarters in Greenwich, Connecticut. In recent strategic developments, XPO acquired 28 terminals from Yellow Corp.'s bankruptcy estate in late 2023 for $870 million, adding a net 2,000 doors and expanding capacity in key markets including Atlanta, Brooklyn, Columbus, Indianapolis, and Houston, with integration ongoing through 2024 into early 2025 to support 10-15% network growth and operational efficiencies. The company continues network expansion by adding terminals, building in-house trailers, operating 130 driver schools, and enhancing fleet with over 1,400 tractors and 6,400 trailers in 2023; invests heavily in AI-driven optimization and technology for productivity gains; and reports revenue growth of 4.24% in 2024 alongside improved margins under CEO Mario Harik, who succeeded Jacobs in 2022.
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