In August 2022, Brad Jacobs announced he was stepping down as CEO and would be replaced by Mario Harik, XPO’s former chief information officer, who also serves as the company’s president. XPO dropped “Logistics” from its name in December 2022 and remains solely as an LTL carrier, which allows multiple customers to transport goods in the same truck. At the time, Drew Wilkerson was CEO of the RXO. RXO is headquartered in Charlotte, North Carolina, and provides managed transportation and last-mile logistics. RXO, which stands for “reliability multiplied by outperformance” and provides global forwarding. This was followed by XPO Logistics spinning off its brokerage and other services segment to a separate company named RXO, Inc. As of April 2021, Malcolm Wilson is the CEO of the company. GXO stands for “game-changing opportunities”. In August 2021, the company spun off its contract logistics business into a separate company named GXO Logistics, with facilities located primarily throughout North America and Europe. Company reorganization īeginning in 2021, XPO Logistics broke into three separate publicly-traded companies, making XPO solely an LTL provider. In March 2022, XPO sold its North American intermodal business to Illinois-based STG Logistics for $710 million.
In 2019, XPO Logistics released a mobile game simulating freight operations for the Tour de France. The company has conducted logistics operations for the Evian Golf Championship and the Paris Marathon. In 2019, XPO was the first global logistics company to join the Massachusetts Institute of Technology (MIT) Industrial Liaison Program, a partnership organization that pairs MIT resources with corporations worldwide to solve global business challenges. In June 2016, XPO was included in the Fortune 500 list of the largest U.S. XPO sold their truckload division (acquired from Con-Way) to TransForce for $558 million in cash. XPO paid US$3.56 billion, including acquired debt, for European transport company Norbert Dentressangle and US$3 billion for Con-way Inc. (March 2014), Norbert Dentressangle SA (April 2015) and Con-way Inc. Some notable acquisitions include: 3PD, Inc. XPO has acquired a number of logistics businesses in North America and overseas. In June 2012, XPO listed its shares on the New York Stock Exchange. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011. The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange with ticket XPO. The company's headquarters are located in Greenwich, Connecticut, U.S., and they have 564 locations and globally. is an American transportation company that conducts less-than-truckload shipping in North America.
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