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In April 2023, XPO announced the hire of Dave Bates as chief operating officer of North American LTL. [33] In December 2023, XPO received approval from a Delaware bankruptcy court to acquire 28 service centers of Yellow Corporation for $870 million as a part of Chapter 11 bankruptcy. [34] [35] The acquisition was finalized in January 2024. [36]
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For a short period between 2015 and 2016, the company was owned by XPO, Inc. and known as XPO, Inc. Truckload. In 2016, it was acquired by Canadian logistics company TFI International who returned it to its pre-2007 operations as a standalone truckload company under its original name, CFI. TFI sold the company to Heartland in 2022.
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 ...
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XPO shares were down 3.8% in morning trade amid weakness in broader markets. ... 800-290-4726 more ways to ... Trucking company XPO Inc won a bid to buy 28 service centers of bankrupt Yellow Corp ...
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