A year after it made big splashes by acquiring Norbert Dentressangle SA and Con-Way Inc., XPO Logistics continued to make news in 2016 — not with acquisitions, but in other arenas. And when XPO acts, people listen. And read.
2016 YEAR IN REVIEW: Timeline, top cartoons, top stories and more
As we tallied up the most popular stories on TTNews.com in 2016, we found that articles involving XPO accounted for five of the 10 most-popular pieces of the year, based on page views. Here's the rundown:
1. XPO Logistics Makes More Job Cuts at LTL Unit (Jan. 29)
XPO Logistics said it has cut another 190 jobs, primarily at its less-than-truckload unit, to save more than $20 million annually.
XPO Logistics Inc. filed suit against YRC’s Freight unit, claiming that the company poached seven management employees, including two vice presidents, and stole trade secrets around the time that XPO was completing the acquisition of Con-way Inc.
LAS VEGAS — The Rolling Stones played a blistering 90-minute surprise set on Oct. 3 for 1,200 truckers at the 2016 Freightliner customer appreciation dinner here.
The U.S. Treasury Department, through Special Master Kenneth Feinberg, has rejected Central States Pension Fund’s proposal to cut benefits for 270,000 Teamsters retirees, often by half, saying the plan presented to the government failed to meet the requirements of a 2014 law.
5. Analysis: Amazon-FedEx — Crazy or Worth Considering? (Feb. 17)
Amazon.com Inc.'s aspirations of building a global logistics operation have spurred rumblings about whether a takeover of FedEx Corp. may be a cheaper and swifter means to an end. Is there merit to the idea?
XPO Logistics Inc. reported fourth-quarter results that included a loss of $62.8 million, or 58 cents per share, and a glimpse of less-than-truckload performance at the former Con-way Freight unit that was acquired in October.
7. XPO Files Federal Civil Suit Against R+L Carriers (Feb. 22)
XPO Logistics, including the former Con-way Freight, filed a six-count civil complaint against R+L Carriers in U.S. District Court in Detroit, alleging that R+L acted illegally in raiding employees from XPO.
Lakeville Motor Express in Roseville, Minnesota, abruptly padlocked its doors, locking out 95 truck drivers and dockworkers.
LOS ANGELES — Trucking paid for Scott Spindola to take a road trip down the coast of Spain, climb halfway up Machu Picchu and sample a Costa Rican beach for two weeks. The 44-year-old Los Angeles-area resident makes up to $70,000 a year, with overtime, hauling goods from the Port of Long Beach. He has full medical coverage and plans to drive until he retires. But in a decade, his big rig may not have any need for him.
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10 companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.