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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 ...
Mario Harik, XPO's former chief information officer, who also serves as the company's president, was appointed as CEO. [24] In March 2022, XPO sold its North American intermodal business to Illinois-based STG Logistics for $710 million. [33] [22] In March 2023, XPO appointed J. Wes Frye, a retired industry veteran, to its board of directors. [34]
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 company was later listed on the New York Stock Exchange under the ticker symbol XPO, Inc. [30] In August 2021, XPO, Inc. completed its spin-off of GXO Logistics, and Jacobs became non-executive chairman of GXO's board of directors. [31] [32] [33] In August 2022, Jacobs announced plans to step aside as CEO of XPO, Inc. but remain executive ...
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