Is XPO changing to GXO?

XPO Logistics, provider of freight transportation and truck brokerage services, has confirmed its previously announced spin-off of GXO, which it says is the largest contract logistics provider in the world.17-Aug-2021

Why did GXO split from XPO?

GXO will be the biggest pure-play logistics company in the world. With several different businesses under its umbrella, XPO CEO Brad Jacobs believed that XPO's current combined structure made the transportation stock difficult to value because the company had no true peers. The separation takes care of that problem.21-Jul-2021

Is XPO going to split?

The company announced in March it was planning to separate the truck brokerage business from its core LTL operations, and new details emerged on the plans in its latest earnings report.12-May-2022

What is difference between XPO and GXO?

XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world.02-Aug-2021

What does GXO stand for?

“The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.

Is GXO stock a good buy?

GXO Logistics has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 14 buy ratings, 3 hold ratings, and no sell ratings.

Has XPO Logistics been sold?

The break-up of XPO Logistics seems to be very much back on. Delayed by the effects of the COVID-19 crisis, the sale of at least parts of XPO Logistics resumed in October according to press reports, although XPO itself has not made any statement confirming this.

Who is buying XPO?

STG Logistics

Who is buying XPO Logistics?

STG Logistics Inc.

Does XPO pay a dividend?

Dividend Overview. XPO does not currently pay a dividend.02-Aug-2022

When did XPO stock split?

XPO announced in December 2020 that it was splitting its logistics and trucking businesses into separately traded firms, aimed at giving each unit a more defined focus; that move was completed in August.08-Mar-2022

Does XPO own their own trucks?

LTL (less-than-truckload) XPO's North American LTL network covers 99% of U.S. zip codes and includes 294 cross-dock facilities. XPO manufactures its own trailers at an in-house facility in Searcy, Arkansas, and operates 130 driver training schools.

Does GXO own XPO?

(NYSE: XPO), a leading global provider of supply chain solutions, today announced the identity of the new company that has been created in connection with the planned spin-off of XPO's logistics business. The company is named GXO Logistics, Inc.Privacy Overview.

Who is the owner of GXO?

Does GXO own warehouses?

Operations. GXO operates approximately 869 warehouses with 208 million square feet of facility space, making it the largest third-party pure-play contract logistics provider globally.

What did XPO spin-off?

Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Our spin-off now has a name — RXO — bringing it one step closer to becoming a standalone industry leader.12-Jul-2022

Is GXO publicly traded?

GXO Logistics (NYSE: GXO) (“GXO” or the “company”) today began its first day of “regular way” trading on the New York Stock Exchange as its leadership team and board members celebrated GXO becoming an independent, publicly traded company by ringing the Opening Bell®.02-Aug-2021

Who is XPO largest customer?

XPO Logistics is still looking to make up for the business it lost last year when its largest customer, widely believed to be Amazon, decided to downsize its operation with the transportation and operations company, XPO CEO Brad Jacobs said on the company's recent earnings call.06-Aug-2019

What does XPO stand for?

XPO

How many employees does XPO Logistics have?

XPO Logistics: Number of Employees 2010-2022 | XPO XPO Logistics total number of employees in 2021 was 42,000, a 58.82% decline from 2020. XPO Logistics total number of employees in 2020 was 102,000, a 2% increase from 2019. XPO Logistics total number of employees in 2019 was 100,000, a 0% decline from 2018.