XPO Logistics
Business, Logistics

XPO Logistics Reports Fourth-Quarter Loss of $62.8 Million

XPO Logistics

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.

Rip Watson | Special to Transport Topics
February 25, 2016
Business, Logistics

XPO Files Federal Civil Suit Against R+L Carriers

XPO Logistics

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.

Jonathan S. Reiskin | Associate News Editor
February 22, 2016
Business, Logistics

XPO Logistics Suit Claims YRC Poached Execs, Stole Trade Secrets

YRC Freight

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.

Rip Watson | Special to Transport Topics
February 8, 2016
Business, Logistics

XPO Logistics Makes More Job Cuts at LTL Unit

XPO Logistics

XPO Logistics said it has cut another 190 jobs, primarily at its less-than-truckload unit, to save more than $20 million annually.

Transport Topics
January 29, 2016
Business, Logistics

XPO Units Face New Worker Classification Suit

Brad Jacobs, CEO of XPO Logistics

A California law firm has asked a state court to certify a class action suit against Pacer Cartage and two other XPO Logistics businesses, claiming that the carriers misclassified drivers as independent contractors in the latest such case in the nation’s largest state.

Transport Topics
January 12, 2016
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 | Special to Transport Topics
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 | Special to Transport Topics
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 | Special to Transport Topics
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

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