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Penchant Software is a provider of planning, tracking and execution software for logistics companies and continues to be based in Minneapolis. [ 5 ] Optima Service Solutions- On November 15, 2013, XPO, Inc. acquired Optima Service Solutions of Roswell, GA , expanding the last mile offerings of its 3PD unit.
The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange under the ticker symbol XPO. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011. [10] [12] [13] In June 2012, XPO listed its shares on the New York Stock Exchange. [14]
XPO Logistics, Inc (NYSE: XPO) shared preliminary results for the third quarter of FY22 and long-term targets. XPO expects revenue of $3.04 billion, below the consensus of $3.1 billion. It expects ...
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 ...
The trucking and truck brokerage company XPO logistics (XPO) isn't forecasting a robust freight economy. Supply chains: XPO Logistics CEO 'can't say the economy is super strong' [Video] Skip to ...
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The idea for Menlo Logistics was developed in the late 1980s. At that time, CF Inc.’s director of marketing, John Williford, presented the idea for the company's creation — an organization that offered warehouse, inventory, and transportation management as well as full integration of supply chain links through customized systems and software — to upper management.
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