The second lowest reading yet for JOC Truckload Capacity Index reflects lower truck counts at some of the largest U.S. carriers in the fourth quarter. The actual drop in capacity is likely deeper, as carrier bankruptcies hit a three-year high in the quarter.
26 Feb 2014
Encouraged by signs of a stronger U.S. economy and recent acquisitions, XPO Logistics is raising its revenue run rate target for 2014 to $2.75 billion, almost triple the $1 billion run rate the company achieved in 2013.
12 Jan 2014
At a recent supply chain conference, Bradley S. Jacobs heard a “financially compelling” case for investing and doing business in his country from former Mexican President Felipe Calderón. “Mexico is positioning to chip into China’s status as one of our major trading partners,” said the chairman and CEO of XPO Logistics.
06 Jan 2014
More midsize and smaller shippers will have access to intermodal rail following the acquisition of Pacer International by XPO Logistics, a move that will push truck freight brokerage toward a more multimodal model.
06 Jan 2014
XPO Logistics will buy intermodal giant Pacer International for approximately $335 million, expanding its reach into new freight markets.
02 Jan 2014
If truckload capacity is getting tighter on America’s highways, it’s not pinching XPO Logistics. The fast-growing freight brokerage and logistics business sees truck capacity pretty much in balance nationwide, despite warnings that trucking’s supply-demand “equilibrium” is getting closer to its breaking point.
16 Dec 2013
After a rocky start to the fourth quarter in October, Landstar System shifted into higher gear in December, increasing truckload volume and revenue in tandem.
11 Dec 2013
XPO Logistics is strengthening its expedited business and its technology infrastructure by acquiring two supply-chain subsidiaries from Landstar System, NLM and A3i.
15 Nov 2013
XPO Logistics has acquired Optima Service Solutions for $26.6 million.
11 Nov 2013
Recent acquisitions and strong in-house growth powered a 173.3 percent leap in total revenue at XPO Logistics to $194 million in the third quarter.
30 Aug 2013
The acquisition of 3PD Holding by XPO Logistics seems a detour from the fast-growing logistics company’s relentless pursuit of truck freight brokerage business. But XPO Chairman and CEO Bradley S. Jacobs says 3PD, a last-mile delivery logistics operator, not only complements XPO’s freight brokerage business but will open new routes deeper into shipper customer supply chains.
15 Jul 2013
XPO Logistics has agreed to pay $365 million to acquire all of the common stock of 3PD, a non-asset, third-party provider of heavy goods, last-mile logistics in North America.