XPO Logistics looks to sell business segments

Following several challenging quarters for Connecticut-based XPO Logistics, CEO Brad Jacobs said the logistics company will look to sell or spin off up to four of its business segments. The business segments under consideration for sale include XPO’s North American and European transportation and logistics divisions, Jacobs told Jim Cramer during a CNBC Mad Money […]

Consultant Insight: Forwarders end 3Q uncertain of what 2020 may bring

Declining volumes, profit improvements and a pessimistic outlook for 2020 pretty much sums up the latest earnings reports from major freight forwarders. Earnings reports from Kuehne + Nagel, DSV Panalpina, Expeditors, C.H. Robinson and DHL Global Forwarding and Freight were reviewed and while there was some positive news, overall, there is concern for the freight […]

XPO Logistics sees strong margins in Q2, despite challenges

Connecticut-based XPO Logistics reported strong margins during its second quarter this year, despite a decline in revenue and tough market conditions. The company’s stronger performance in North American less-than-truckload (LTL) operations helped to offset market weakness, and will inform XPO’s operational strategy going forward, company Chairman and CEO Bradley Jacobs said in a statement. “We’re […]

The Silicon Solution? How robots are reinventing the cargo warehouse

At first sight, the machines are not much to look at – hardly like classic robots at all. They’re colorful and sleek, but they look more like expensive suitcases lying on their sides than the most cutting-edge examples of artificial intelligence (A.I.) in the logistics field. But once these little rectangles start moving by the […]

XPO Logistics continues to grow in Q3, despite challenges

Connecticut-based XPO Logistics continued to sustain growth during its third quarter, with an operating income (EBIT) increase of 18 percent to US$209 million and net income increase of 62 percent to $115.2 million, compared to the same period last year. However, growth compared to the previous quarter has slowed considerably. Year-over-year, revenue and net-income figures […]

XPO Logistics incorporates ‘smart robots’ into N. American, European networks

XPO Logistics is incorporating 5,000 “smart robots” – autonomous vehicles equipped with artificial intelligence (A.I.) – throughout its North American and European logistics networks in a new partnership with Singapore-based robotics manufacturer, GreyOrange Pte. Ltd. The autonomous robots are part of a modular “goods-to-person system” that includes mobile storage racks, fulfillment stations and collaboration with […]

XPO Logistics reports 178 percent increase in net income in Q2

Today, XPO Logistics hosted its interim earnings call for the three months ended June 30 – reporting an overall net income increase of 178 percent to US$159 million, compared to the same period last year. The company said second-quarter growth was led by continued “demand for e-commerce logistics globally, as well as by the consumer-packaged […]

XPO Logistics uses ‘augmented reality’ to shrink final-mile returns

Today, 3PL company XPO Logistics said it plans to implement an “augmented reality” feature into its existing “Ship XPO” e-commerce platform for final-mile delivery, which will allow shoppers to use their smartphones to visualize big-ticket items, like sofas, beds and appliances, in their own homes, before purchase. Augmented reality technology has been popularized in the […]

XPO Logistics, Nestlé to build ‘digital warehouse’ in the U.K.

XPO Logistics is partnering with food and drink company Nestlé to create a 638,000-square-foot distribution center in Leicestershire, U.K. The warehouse, scheduled for completion in 2020, is being billed as a “digital warehouse of the future,” and will serve as a testing environment for new XPO technology before it is released globally. The facility will […]

XPO Logistics continues growth in Q1 2018

The e-commerce boom, paired with a blockbuster intermodal contract, led XPO Logistics to release robust financial results for the first quarter of 2018. However, the fact that profits for the previous Q1 were modest, by comparison, also helped. Bradley Jacobs, chairman and CEO of XPO Logistics, said that e-commerce growth translated into strong last-mile and […]

Is Home Depot about to make a bid for XPO Logistics?

XPO Logistics stock shot up in the wake of reports last week that Home Depot was considering an acquisition bid for the U.S.-based logistics and transport company. With XPO already a major logistics partner for Amazon.com’s push into online furniture sales and delivery, a Home Depot acquisition could have wide ranging e-commerce implications, including keeping […]

E-commerce growth boosts XPO Logistics’ fourth-quarter results

XPO Logistics reported stronger-than-expected profits and revenues in the fourth quarter, as a surge in online shopping drove demand for the company’s logistics and delivery businesses, pushing its Q4 and full-year 2016 totals beyond analysts’ expectations. For Q4 of 2016, revenue increased 10 percent, year-over-year, to US$3.68 billion. Fourth quarter net income was $27.3 million […]
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