STG Logistics Acquires the Intermodal Division of XPO Logistics

STG Logistics has acquired the intermodal division of XPO Logistics, one of the largest providers of container transportation services in North America. The combined business, which will go to market as STG Logistics, will stand as North America's leading provider of seamless, fully integrated, port-to-door containerized logistics services including drayage, transloading, warehousing, fulfillment, rail transportation, and associated final mile distribution. As part of this transaction, STG, a portfolio company of Wind ... [+]

XPO Logistics Announces Second Quarter 2021 Results

XPO Logistics, Inc. announced its financial results for the second quarter 2021. Revenue increased to $5.04 billion for the second quarter, compared with $3.50 billion for the same period in 2020. Net income attributable to common shareholders was $156 million for the second quarter, compared with a net loss attributable ... [+]

Reality to the last mile

XPO Logistics has announced the planned addition of augmented reality to its Ship XPO consumer self-service platform. Shoppers will use the visualization technology prior to the delivery of heavy goods, such as sofas, beds and appliances, to determine the ideal placement inside the home. “Augmented reality is another innovation that our ... [+]

E-commerce drives XPO Logistics to record quarterly profit

Reuters reports that XPO Logistics Inc posted a record quarterly profit on November 1, fueled by e-commerce demand for its contract logistics and "last mile" deliveries to households, along with shipments of consumer goods and a strong truck brokerage market. The third-largest publicly traded U.S. logistics company also reaffirmed its full-year ... [+]

ITF announces formation of XPO global leadership task force

The ITF (International Transport Workers’ Federation) unveiled an XPO global leadership group to tackle the company’s anti-worker, anti-union stance. The new initiative was announced by the organization’s general secretary, Steve Cotton, from its inaugural meeting in Los Angeles on July 27th. The ITF is a global federation representing over 16.5 million ... [+]

Financial Results Shows XPO Logistics on Firm Ground

XPO Logistics announced its financial results for the fourth quarter and full year of 2015 on February 24. In doing so, the company reports $218 million of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the fourth quarter, reflecting two months’ contribution from the Con-way acquisition. “In the fourth ... [+]

advert 3