XPO Logistics

XPO Logistics Announces Launch of RXO’s Notes Offering in Connection with RXO Spin-Off

Retrieved on: 
Tuesday, October 11, 2022
Union, Securities Act of 1933, Sale, SEC, Risk, Transport, XPO, XPO Logistics, LLC, Person, NYSE, Perception, SEC Rule 144A, Investment, LTL, Lists of disasters, Securities Exchange Act of 1934, United, GLOBE, Intellectual property, Forward-looking statement, COVID-19, Security (finance), Cargo, Risk management

GREENWICH, Conn. , Oct. 11, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (XPO or the company) (NYSE: XPO) today announced that RXO, Inc. (RXO), a wholly owned subsidiary of XPO, has launched an offering of notes due 2027 (the notes), subject to market conditions and other customary factors, in connection with the previously announced spin-off of RXO into a separate publicly traded company (the spin-off).

Key Points: 
  • GREENWICH, Conn. , Oct. 11, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (XPO or the company) (NYSE: XPO) today announced that RXO, Inc. (RXO), a wholly owned subsidiary of XPO, has launched an offering of notes due 2027 (the notes), subject to market conditions and other customary factors, in connection with the previously announced spin-off of RXO into a separate publicly traded company (the spin-off).
  • Any offers of the notes will be made only by means of a private offering memorandum.
  • XPO intends to spin off its tech-enabled brokered transportation platform as RXO in 2022, creating two independent publicly traded companies.
  • XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.

XPO Logistics Board of Directors Approves Separation of RXO and Declares the Distribution of RXO Shares

Retrieved on: 
Monday, October 10, 2022
LinkedIn, U.S. Securities and Exchange Commission, Union, Securities Act of 1933, New, SEC, Risk, Audit committee, Transport, XPO, YouTube, Jacobs, NYSE, Register, Perception, Twitter, Financial compensation, Avon Products, Instagram, Investment, Professional Football Compensation Committee, Technology, GTE, LTL, Company, Eastern Time Zone, Lists of disasters, United, XPO Logistics, Securities Exchange Act of 1934, GLOBE, Intellectual property, Forward-looking statement, COVID-19, Compliance, Renewable energy, Holding company, Cargo, Management, Security (finance), Public relations, Risk management, United Rentals, Facebook

GREENWICH, Conn. , Oct. 10, 2022 (GLOBE NEWSWIRE) --  XPO Logistics, Inc. (NYSE: XPO) today announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc., to holders of XPO common stock. 

Key Points: 
  • XPO and RXO will each benefit from a strong board of directors who bring valuable perspectives to the growth strategy.
  • The appointment of a new slate of XPO board members has been finalized as follows, effective with the separation.
  • The distribution does not require shareholder approval, nor is any shareholder action necessary to receive shares in the distribution of RXO common stock.
  • XPO will distribute an information statement or a notice to access the information statement to all XPO shareholders entitled to receive the distribution of RXO shares.

XPO Logistics Announces Carl Anderson as Incoming Chief Financial Officer

Retrieved on: 
Monday, October 10, 2022
LinkedIn, CFO, Ally Financial, Michigan State University, Sale, Transport, XPO, YouTube, XPO Logistics, Anderson, Jacobs, NYSE, OEM, Twitter, Instagram, Wayne State University, Goal, LTL, First Chicago Bank, GXO, Economics, GLOBE, Management, Meritor, Facebook

GREENWICH, Conn. , Oct. 10, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced the appointment of Carl Anderson as chief financial officer, effective November 8, 2022.

Key Points: 
  • GREENWICH, Conn. , Oct. 10, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced the appointment of Carl Anderson as chief financial officer, effective November 8, 2022.
  • Anderson most recently served as chief financial officer of Meritor, Inc., a global supplier of OEM and aftermarket parts for commercial vehicle and industrial markets.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Carl is a strong B2B finance leader with an operational orientation and a long track record of delivering on goals.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.

XPO Logistics Schedules Third Quarter 2022 Earnings Conference Call for Monday, October 31, 2022

Retrieved on: 
Thursday, October 6, 2022
LinkedIn, NYSE, GLOBE, LTL, YouTube, XPO Logistics, Webcast, Twitter, Instagram, Transport, XPO, Facebook

GREENWICH, Conn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) will hold its third quarter conference call and webcast on Monday, October 31, at 8:30 a.m. Eastern Time.

Key Points: 
  • GREENWICH, Conn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) will hold its third quarter conference call and webcast on Monday, October 31, at 8:30 a.m. Eastern Time.
  • A replay of the conference call will be available until December 1, 2022, by calling toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.
  • Visit xpo.com and europe.xpo.com for more information, and connect with XPO on Facebook , Twitter , LinkedIn , Instagram and YouTube .

Spare Parts Logistics Market in Europe to observe USD 2.88 Bn incremental growth; High growth expected in the automotive segment -- Technavio

Retrieved on: 
Wednesday, October 5, 2022
Growth, Deutsche Post, CAGR, Expeditors International, Combat service support (United States), Schenker AG, DSV (company), CEVA Logistics, Industry, XPO Logistics, United Parcel Service, USD, Edel SE & Co. KGaA, Retail

The increasing sales of passenger vehicles are creating a huge demand for automotive spare parts in Europe.

Key Points: 
  • The increasing sales of passenger vehicles are creating a huge demand for automotive spare parts in Europe.
  • Browse through our sample report with selected illustrations on key segments and regions in the market.
  • Download PDF Report Sample
    The spare parts logistics market in Europe is fragmented due to the presence of numerous international and regional vendors.
  • Start by Downloading Sample PDF Report
    Spare Parts Logistics Market in Europe 2021-2025: Segmentation
    The spare parts logistics market in Europe is segmented as below:

GXO Receives UK Regulatory Clearance for Acquisition of Clipper Logistics plc

Retrieved on: 
Tuesday, October 4, 2022
Perception, Wachtell, Lipton, Rosen & Katz, GXO, SEC, Technology, XPO Logistics, COVID-19, Information technology, Lists of disasters, US, Acquisition, Forward-looking statement, Investment, Risk, Risk management

GREENWICH, Conn., Oct. 04, 2022 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced that it has received unconditional regulatory clearance from the U.K. Competition and Markets Authority (CMA) for its acquisition of Clipper Logistics plc (Clipper). On May 24, 2022, GXO completed its offer however both companies continued to be run independently pending completion of the regulatory review.

Key Points: 
  • Freshfields Bruckhaus Deringer LLP acted as legal adviser to GXO in connection with the acquisition.
  • Wachtell Lipton Rosen & Katz acted as legal adviser to GXO in connection with debt finance aspects of the acquisition.
  • All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including statements with respect to GXOs growth opportunities following the acquisition as well as the productivity opportunities and cost synergies GXO expects from the acquisition.
  • However, the absence of these words does not mean that the statements are not forward-looking.

Trinity Biotech Announces The Appointment of Aris Kekedjian As Chairman and CEO

Retrieved on: 
Monday, October 3, 2022
Board of directors, Solution, GLOBE, Senior advisor, Icahn Enterprises, Acceleration, Business development, Nasdaq, CEO, Xerox, ADS, COVID-19, Growth, GE, ECN Capital, GE Healthcare, XPO Logistics, Leadership, ADSS, Employment, General Electric, Board, Company, Management, Security (finance)

He succeeds Mr. Ronan OCaoimh, co-founder of Trinity Biotech, who will remain on the Trinity Biotech plc Board of Directors to advise the Company going forward.

Key Points: 
  • He succeeds Mr. Ronan OCaoimh, co-founder of Trinity Biotech, who will remain on the Trinity Biotech plc Board of Directors to advise the Company going forward.
  • In addition, Mr. Kekedjian has also assumed the role of Chairman of the Board of Directors of Trinity Biotech plc.
  • Mr. Kekedjian s appointment as CEO of Trinity Biotech coincides with what Trinity Biotech believes is a period of fundamental transformation in the diagnostic landscape.
  • The above options may be settled in ADSs or cash at the election of Trinity Biotech and are subject to acceleration in certain circumstances.

XPO Logistics Announces Heidi Ratti as Chief Human Resources Officer for RXO Spin-Off

Retrieved on: 
Thursday, September 29, 2022
YouTube, Securities Exchange Act of 1934, Wilkerson, Twitter, NYSE, XPO Logistics, Securities Act of 1933, University of Michigan, LinkedIn, Acquisition, XPO, Forward-looking statement, Technology, Instagram, Eastern Michigan University, Perception, Transport, Pacer International, GLOBE, SEC, LTL, Management, Cargo, Audit, Risk management, Facebook

Prior to XPO and Pacer, Ratti worked with MAHLE, a global supplier to the automotive industry.

Key Points: 
  • Prior to XPO and Pacer, Ratti worked with MAHLE, a global supplier to the automotive industry.
  • Wilkerson said, Heidi was a key HR partner for our North American transportation leaders prior to assuming her role with LTL.
  • As previously announced, XPO intends to spin off its tech-enabled brokered transportation platform as RXO, creating two independent publicly traded companies.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.

XPO Logistics Files Public Form 10 Registration Statement for Spin-Off of RXO

Retrieved on: 
Wednesday, September 28, 2022
YouTube, Securities Exchange Act of 1934, Twitter, NYSE, XPO Logistics, Securities Act of 1933, U.S. Securities and Exchange Commission, LinkedIn, Compliance, Goldman Sachs, XPO, Forward-looking statement, File, Cyprus Securities and Exchange Commission, Paul, Weiss, Rifkind, Wharton & Garrison, Instagram, Perception, Transport, Wachtell, Lipton, Rosen & Katz, BofA Securities, GLOBE, SEC, LTL, Cargo, Risk management, Facebook

GREENWICH, Conn. , Sept. 28, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announcedthe filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO, its tech-enabled brokered transportation platform.

Key Points: 
  • GREENWICH, Conn. , Sept. 28, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announcedthe filing of a public Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the planned spin-off of RXO, its tech-enabled brokered transportation platform.
  • The filing is linked on the XPO and RXO websites.XPO expects to complete the spin-off in the fourth quarter.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Our Form 10 public filing is a key step forward in the process of creating two publicly traded transportation powerhouses.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.

XPO Logistics Honors David Frazier as First Driver in Company History to Achieve Four Million Accident-Free Miles

Retrieved on: 
Wednesday, September 28, 2022
Zero, YouTube, XPO Logistics, GLOBE, LinkedIn, Instagram, Safety, Transport, Twitter, NYSE, XPO, LTL, Cargo, Facebook

The company tracks accident-free miles as part of its Road to Zero driver safety program.

Key Points: 
  • The company tracks accident-free miles as part of its Road to Zero driver safety program.
  • Frazier began driving LTL tractors in 1987 with Con-way, which was acquired by XPO in 2015.
  • It can take a professional truck driver nine years on average to cover one million miles, making Fraziers accomplishment even more remarkable, given his tenure.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.