XPO Logistics
Business, Logistics

XPO Logistics Reports 3Q Profit, Reversing Last Year's Losses

XPO Logistics

XPO Logistics reported a profit in the third quarter compared with a loss last year, another sign that the company has rebounded from the losses it suffered from since 2013.

Ari Ashe | Staff Reporter
November 3, 2016
Business, Logistics

XPO Logistics Sells Truckload Business to TransForce for $558 Million

XPO Logistics

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.

Ari Ashe | Staff Reporter
October 27, 2016
Business, Logistics

XPO Logistics and Hewlett Packard to Lay Off 70 Employees in Iowa

XPO Logistics

XPO Logistics Inc. and Hewlett Packard Co. plan to lay off about 70 employees in Iowa on Oct. 31 after the two companies ended a contract and parted ways.

Transport Topics
October 21, 2016
Business, Logistics

XPO to Open 571,000 Square-Foot Facility in Maryland

XPO Logistics

XPO Logistics has signed a lease for a recently completed 571,000-square-foot building in Perryman, Maryland, that is expected to bring hundreds of jobs to the county in the growing e-commerce field, Harford County Executive Barry Glassman said.

Allan Vought | The Aegis (Bel Air, Md.)
October 7, 2016
Business, Logistics

Flexport Raises $65 Million in Venture Capital to Expand Operations

Flexport CEO Ryan Petersen, photo by Bloomberg News

San Francisco startup Flexport Inc. raised $65 million in venture capital to expand U.S. and global operations, the company announced Sept. 26.

Transport Topics
September 29, 2016
Business, Logistics

Appeals Court Rejects XPO Bid to Invalidate Texas Union Vote

XPO Logistics

The 5th Circuit Court of Appeals has rejected XPO Logistics’ bid to throw out an unfavorable union representation vote at Laredo, Texas, during 2014.

Transport Topics
September 28, 2016
Business, Logistics

XPO Logistics Continues to Restructure Debt

XPO Logistics

XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.

Transport Topics
August 17, 2016
Business, Logistics

XPO Logistics Earns $42.6 Million, First-Ever Profit

XPO Logistics

XPO Logistics Inc. posted its first-ever profit, earning $42.6 million, or 35 cents per share, as results improved in the less-than-truckload and last-mile services as well as European logistics activity.

Transport Topics
August 4, 2016
Business, Logistics

XPO Rebuffs Teamsters Effort to Press US, Global Union Issues

Teamsters

The Teamsters and European labor representatives attempted to force a meeting with XPO Logistics CEO Bradley Jacobs to discuss union issues but were rebuffed by the company at its annual meeting.

Transport Topics
May 11, 2016
Business, Logistics

XPO, Estes Agree to Pay $13 Million to Settle DOD Overcharge Claims

XPO Logistics

XPO Logistics Inc. and Estes Express Lines have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination Initiative program, a federal contract that was meant to lower military logistics costs.

Rip Watson | Senior Reporter
May 9, 2016

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