Brad Jacobs

XPO Logistics Earns a Disability Equality Index Top Score

Retrieved on: 
Wednesday, August 4, 2021

GREENWICH, Conn. , Aug. 04, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of freight transportation services, has received a Disability Equality Index (DEI) top score of 90 out of 100 for its commitment to disability workplace inclusion.

Key Points: 
  • GREENWICH, Conn. , Aug. 04, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of freight transportation services, has received a Disability Equality Index (DEI) top score of 90 out of 100 for its commitment to disability workplace inclusion.
  • LaQuenta Jacobs, chief diversity officer for XPO Logistics, said, Participating in the Disability Equality Index is important because it helps measure our current progress as a diverse and equitable workplace.
  • XPO supports the hiring of employees regardless of age, race, ethnic origin, sexual orientation, region, veteran status or disability.
  • XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation, primarily a top-three provider of truck brokerage and less-than-truckload (LTL) capacity in North America.

XPO Logistics Announces Board of Directors for Post-Spin-Off Company

Retrieved on: 
Monday, August 2, 2021

XPO completed the spin-off of its global logistics segment as GXO Logistics at 12:01 a.m. Eastern Time on August 2, 2021.

Key Points: 
  • XPO completed the spin-off of its global logistics segment as GXO Logistics at 12:01 a.m. Eastern Time on August 2, 2021.
  • XPO has appointed four new board members, replacing directors who resigned from the XPO board to join the GXO board.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Weve added four outstanding independent directors to the wealth of experience we retained following the spin-off.
  • XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation, primarily a top-three provider of truck brokerage and less-than-truckload (LTL) capacity in North America.

XPO Logistics Completes Spin-Off of GXO Logistics

Retrieved on: 
Monday, August 2, 2021

GREENWICH, Conn. , Aug. 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies.

Key Points: 
  • GREENWICH, Conn. , Aug. 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies.
  • 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.
  • XPO shares will continue to trade on the New York Stock Exchange under the symbol XPO and, effective today, GXO will begin regular way trading on the NYSE under the symbol GXO.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, With the timely completion of our spin-off, XPO and GXO are moving forward with powerful momentum as independent public companies.

XPO Logistics Spin-Off, GXO Logistics, to Ring NYSE Opening Bell®

Retrieved on: 
Friday, July 30, 2021

GREENWICH, Conn. , July 30, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchanges Opening Bell at 9:30 a.m. EDT on Monday, August 2, 2021, launching GXO as the worlds largest pure-play contract logistics provider.

Key Points: 
  • GREENWICH, Conn. , July 30, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchanges Opening Bell at 9:30 a.m. EDT on Monday, August 2, 2021, launching GXO as the worlds largest pure-play contract logistics provider.
  • GXO will be the largest pure-play contract logistics provider in the world, with approximately 94,000 team members and 869 logistics facilities in 27 countries.
  • XPO expects to spin off its logistics segment on August 2, 2021, creating two pure-play industry powerhouses: XPO Logistics and GXO Logistics.
  • XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics.

XPO Logistics Appoints Ravi Tulsyan as Chief Financial Officer

Retrieved on: 
Wednesday, July 28, 2021

GREENWICH, Conn., July 28, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced the appointment of Ravi Tulsyan as chief financial officer.

Key Points: 
  • GREENWICH, Conn., July 28, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced the appointment of Ravi Tulsyan as chief financial officer.
  • Tulsyan joined the company as treasurer in 2016, and has served in the additional role of deputy chief financial officer since February 2021.
  • Prior to XPO, Tulsyan was treasurer and senior vice president, M&A for ADT Corporation following ADTs 2012 spin-off from Tyco International.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Ravi has been deeply involved in all aspects of our global finance organization for the past five years.

XPO Logistics Announces Karlis Kirsis as Chief Legal Officer for GXO Logistics Spin-Off

Retrieved on: 
Thursday, July 22, 2021

GREENWICH, Conn., July 22, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, today announced that Karlis Kirsis has been appointed chief legal officer for GXO Logistics, Inc., the intended spin-off of XPOs logistics business.

Key Points: 
  • GREENWICH, Conn., July 22, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, today announced that Karlis Kirsis has been appointed chief legal officer for GXO Logistics, Inc., the intended spin-off of XPOs logistics business.
  • Kirsis currently serves as senior vice president, European chief legal officer for XPO Logistics Europe.
  • Kirsis joined XPO in 2016 as vice president, corporate and securities counsel, and subsequently served as senior vice president, corporate counsel.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Karliss extensive experience in world-class corporate and legal environments, and the supply chain industry in particular, will be significant assets to GXO.

XPO Logistics Announces GXO Virtual Investor Day on July 13

Retrieved on: 
Tuesday, July 6, 2021

GREENWICH, Conn., July 06, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the incoming leadership team of GXO Logistics will host a virtual Investor Day on Tuesday, July 13, 2021, from 9:00 to 11:00 a.m. Eastern Daylight Time.

Key Points: 
  • GREENWICH, Conn., July 06, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the incoming leadership team of GXO Logistics will host a virtual Investor Day on Tuesday, July 13, 2021, from 9:00 to 11:00 a.m. Eastern Daylight Time.
  • The Investor Day agenda will include managements discussion of GXOs investment highlights, operations, technology, financial performance and growth prospects, as well as a Q&A session.
  • GXO would be the largest pure-play contract logistics provider in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage.
  • XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics.

XPO Logistics Announces Public Offering of Common Stock

Retrieved on: 
Monday, June 28, 2021

XPO expects to use the net proceeds from this offering to repay a portion of the companys outstanding borrowings and for general corporate purposes.

Key Points: 
  • XPO expects to use the net proceeds from this offering to repay a portion of the companys outstanding borrowings and for general corporate purposes.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
  • Upon completion of the offering, Brad Jacobs and his affiliates will own approximately 13.58% of XPOs outstanding shares of common stock (or approximately 13.21% assuming full exercise of the underwriters option to purchase additional shares).
  • XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics.

XPO Logistics Announces Public Filing of Form 10 Registration Statement for Planned Spin-Off of GXO Logistics

Retrieved on: 
Wednesday, June 9, 2021

(NYSE: XPO), a leading global provider of supply chain solutions, today announced the filing of a public Form 10 registration statement for GXO Logistics with the U.S. Securities and Exchange Commission.

Key Points: 
  • (NYSE: XPO), a leading global provider of supply chain solutions, today announced the filing of a public Form 10 registration statement for GXO Logistics with the U.S. Securities and Exchange Commission.
  • The Form 10 was filed in connection with XPOs planned spin-off of its logistics segment into a separate publicly traded company.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, GXOs Form 10 public filing is a key step forward in our spin-off plan.
  • XPO expects to spin off its logistics segment in the third quarter of 2021 as GXO Logistics, creating two, pure-play industry powerhouses.

XPO Logistics Leads Fortune 500 Transportation and Logistics Ranking for Fifth Consecutive Year

Retrieved on: 
Wednesday, June 2, 2021

GREENWICH, Conn., June 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, has again been ranked No.

Key Points: 
  • GREENWICH, Conn., June 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, has again been ranked No.
  • 1 among Fortune 500 transportation and logistics companies, as announced by Fortune magazine today leading its industry for the fifth straight year.
  • Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, Over the five years that we've topped the Fortune 500 category of transportation and logistics, weve shown that we can outperform in any environment.
  • XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world.