XPO Logistics
Business, Logistics

XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts

XPO Logistics

XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.

Rip Watson | Senior Reporter
November 9, 2015
Business, Logistics

XPO Raises Profit Targets, Reports Loss, Revenue Growth

Brad Jacobs, CEO of XPO Logistics

XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.

Rip Watson | Senior Reporter
November 5, 2015
Business, Logistics

XPO Completes Con-way Acquisition

XPO Logistics Inc. announced that it has completed the $3 billion acquisition of trucking and logistics operator Con-way Inc.

Transport Topics
October 30, 2015
Business, Logistics

XPO Logistics Bid for Con-way Could Shake Up LTL Sector

Russ MacNeil

XPO Logistics’ dramatic bid to snatch up trucking capacity by acquiring Con-way Inc. for $3 billion could spawn similar acquisitions by non-asset-based companies, forcing rival less-than-truckload carriers to reassess their strategy and step up their game, LTL leaders said.

Rip Watson | Senior Reporter
September 21, 2015
Business, Logistics

Analysts View XPO’s Latest Transaction as a Reversal of Fortune for Con-way

XPO Logistics

Investment analysts and observers greeted the news that XPO Logistics acquired Con-way Inc. for $3 billion as a likely positive step for both companies, but especially for beleaguered Con-way.

Roger Gilroy | Staff Reporter
September 14, 2015
Business, Logistics

Con-Way's Menlo Logistics is 'Crown Jewel' of XPO's Acquisition

TT File Photos

XPO Logistics said it has agreed to acquire Con-way Inc. for $3 billion to broaden its supply chain offerings into less-than-truckload and U.S. truckload freight and create a company with annual revenue of $15 billion.

Transport Topics
September 11, 2015
Business, Logistics

XPO Sets $23 Billion Revenue Target, Reports 2Q Loss

Fast-growing XPO Logistics Inc., which grew to a $9 billion annual revenue business from $175 million less than four years ago, has set a $23 billion annual revenue target by the end of 2019, CEO Bradley Jacobs told Transport Topics on Aug. 5.

Rip Watson | Senior Reporter
August 5, 2015
Government, Business, Logistics

Republicans Will Allow Export-Import Bank to Expire Under Senate Plan

Chris Kleponis/Bloomberg News

The U.S. Export-Import Bank’s charter will lapse next week if the Republican-led Congress follows a path outlined by Senate Majority Leader Mitch McConnell that would delay a vote on reauthorizing the bank until July.

Bloomberg News
June 25, 2015
Business, Logistics

XPO Logistics Acquires Norbert Dentressangle Shares

XPO Logistics

XPO Logistics Inc. announced it has acquired control of French logistics operator Norbert Dentressangle SA by acquiring the 67% ownership stake held by founder Norbert Dentressangle and his family.

Transport Topics
June 8, 2015
Business, Logistics

XPO Plans Note Sale Linked to Acquisitions

XPO Logistics

XPO Logistics Inc. will sell $2 billion in notes to provide the balance of the financing for its planned acquisitions of French logistics company Norbert Dentressangle SA and drayage carrier Bridge Terminal Transport Services Inc.

Transport Topics
June 1, 2015

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