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Bookmark or Share- XPO Logistics rolls out RXO as the name for its planned Q4 spin-offXPO said that its truck brokerage business represents the largest component of the spin-off, through its complementary brokered services for managed transportation, last mile logistics, and global forwarding, which collectively make up XPO’s North American Transportation division, which is led by Drew Wilkerson, whom will serve as CEO for the ...
- With spin-off from XPO Logistics complete, RXO hits the ground runningThe debut of RXO was made official today, with the spin-off of XPO Logistics truck brokerage and asset-light transportation units now officially complete. RXO began trading today on the New York Stock Exchange, and it is the fourth-largest full truckload broker in the United States. The company has roughly 7,400 employees, with its technology-enabled truck brokerage business connecting ...
- Material Handling News and Resources on Logistics ManagementUPS reports third quarter earnings gains. October 24, 2024. Quarterly consolidated revenue, at $22.2 billion, increased 5.6% annually, and adjusted earnings per share, at $1.76, topped the $1.57 reading a year ago. Consolidated quarterly operating profit came in at $2.0 billion, which was up 47.8% annually.
- XPO Logistics heralds milestones for XPO Connect and Drive XPOLatest Logistics News. Greenwich, Conn.-based global freight transportation and logistics services provider XPO Logistics said today that its XPO Connect digital freight market place has hit two new global milestones, with more than 200,000 downloads for the Drive XPO mobile app, with more than 65,000 carriers now registered on the platform.
- Sustainable packaging equipment and systems comes on strongStart your FREE subscription today. Packaging equipment and systems continue to address sustainability, from the growing popularity of systems that right-size corrugated cartons on demand to autobaggers that use kraft paper stock rather than poly. Companies are also looking to ensure high, sustained throughput and improve the unpacking experience.
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