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Mario Harik, XPO's former chief information officer, who also serves as the company's president, was appointed as CEO. [22] In March 2022, XPO sold its North American intermodal business to Illinois-based STG Logistics for $710 million. [31] [20] In March 2023, XPO appointed J. Wes Frye, a retired industry veteran, to its board of directors. [32]
In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
Often overlooked as meaningless, a solid mission statement can be the difference between a mediocre and a truly great business. To be effective, a mission statement needs two key traits ...
Pacer International, also known as Pacer Stacktrain, is the former name of a major North American provider of intermodal services, was owned by XPO, Inc. (NYSE: XPO) which later sold it in 2022 to STG Logistics.
XPO earnings call for the period ending June 30, 2024. ... let me read a brief statement on behalf of the company regarding forward-looking statements and the use of non-GAAP financial measures ...
The initial business plan was to create, implement, and manage logistics projects for its customers. On October 26, 1990, Menlo Logistics Inc. was formed. The name was a deliberate choice to prompt an association with California’s Menlo Park, which was well known as the home of venture capitalists and high-tech industries.
Although the notion of business purpose may transcend that of a mission statement, [9] the sole purpose of a commercial mission statement is to summarize a company's main goal/agenda, it outlines in brief terms what the goal of a company is. Some generic examples of mission statements would be, "To provide the best service possible within the ...
Quarterback Matthew Sluka, who created a national conversation about the ramifications of name, image and likeness after departing UNLV, has transferred to James Madison.. His new school posted a ...