XPO Logistics

By Jeff Berman · February 8, 2016
A recent Wall Street Journal report stated that third-party logistics and freight transportation services provider XPO Logistics shut down seven freight terminals that were part of the Con-way Inc. less-than-truckload (LTL) network, Con-way Freight. Con-way was acquired by XPO for $3 billion last year.
By Jeff Berman · February 1, 2016
Third-party logistics and freight transportation services provider XPO Logistics said late last week that it has commenced a workforce reduction for its less-than-truckload (LTL) unit, which it acquired from Con-way, when XPO acquired Con-way last year.
By John D. Schulz · November 19, 2015
Is the U.S. manufacturing economy at the start of an extended slowdown, or just a brief correction to draw down inventory? And if the economy is slowing, is the U.S. trucking industry on the verge of entering a profit-killing era of overcapacity as it was during the Great Recession of 2008-2010?
By Jeff Berman · November 5, 2015
With the ink now dry from XPO Logistics’ acquisition of Con-way Inc. now dry, the company’s plan for how it plans to integrate Con-way into its plans is coming into fuller focus.
By John D. Schulz · November 5, 2015
Fast-growing XPO Logistics, an entity that didn’t even exist five years ago, is growing revenue at a faster pace than even the Greenwich, Conn.-based conglomerate expected on the heels of finalizing its $3 billion purchase of Con-way Inc.
By Jeff Berman · October 30, 2015
Following an announcement made on September 9, when it said it planned to acquire Con-way, an Ann Arbor, Mich.-based provider of transportation and logistics services, including its flagship less-than-truckload group Con-way Freight, Con-way Truckload, and its global 3PL unit Menlo Logistics, for $3 billion, non asset-based 3PL XPO Logistics said today the deal has officially been completed.
By Jeff Berman · October 22, 2015
LM recently caught up with XPO Logistics Chairman and CEO Brad Jacobs to discuss the Con-way deal, market conditions, and future plans.
By Jeff Berman · October 8, 2015
On the heels of announcing it plans to acquire freight transportation and logistics services provider Con-way Inc. for $3 billion, XPO Logistics may be considering selling off Con-way Truckload, the company’s truckload arm.
By Jeff Berman · August 6, 2015
XPO Logistics, a non asset-based 3PL, reported strong second quarter earnings last night, with total gross revenue rising 109.3 percent annually to $1.2 billion and net revenue up 317.2 percent to $508.6 million. Even with the gross revenue and net revenue gains, XPO had a $78.8 million net loss compared to a net loss of $13.8 million for the second quarter of 2014.
By Jeff Berman · June 9, 2015
Following its April announcement that it planned to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion, non asset-based 3PL XPO Logistics said yesterday that the acquisition has been made official.
By Jeff Berman · June 1, 2015
Non asset-based 3PL XPO Logistics has upped its equitable ante, announcing today it has entered into definitive agreements to raise $1.26 billion through entering into definitive agreements with the Ontario Teachers’ Pension Plan, GIC-Singapore’s sovereign wealth fund, and Public Sector Pension Investment board, with the net proceeds to be used by XPO to fund its ongoing growth strategy, the company said.
By Jeff Berman · May 5, 2015
Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.
By Jeff Berman · April 29, 2015
Since its inception in September 2011, non asset-based 3PL XPO Logistics has made several acquisitions. And that process it has established itself as a player in myriad markets through its growth by acquisition strategy. Yesterday, it took things on the acquisition front to a new level, announcing it plans to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion.
By Jeff Berman · February 10, 2015
XPO Logistics announced late yesterday it has acquired New York, New York-based UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce shippers.
By Jeff Berman · September 12, 2014
Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.

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