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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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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 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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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 ...