Top ten logistics provider XPO Logistics, (NYSE: XPO) has announced that for the fourth quarter of 2016 revenue increased 10.0% year-over-year to $3.68 billion. Net income attributable to common shareholders was $27.3 million for the quarter, or earnings of $0.22 per diluted share, compared with a net loss attributable to common shareholders of $62.8 million, […]
Drivers at XPO Logistics in suburban Philadelphia voted for Teamster representation by a vote was 37 to 13. The 52 drivers at the former Con-way Freight join workers in Miami; Laredo, Texas; Vernon, Calif.; Aurora, Ill.; and in North Haven, Conn. who have already voted for Teamster representation. In addition, 777 workers at Parsec, Inc. […]
XPO Logistics, Inc. (NYSE: XPO) (“XPO”) has announced that it has completed the sale of its truckload business to TransForce Inc. (TSX: TFI) for approximately $558 million in cash, subject to customary adjustments. XPO will use the proceeds from the transaction to pay down debt The divested truckload operation encompasses approximately 3,000 tractors, 7,500 trailers […]
Drivers at XPO Logistics in Aurora, Ill. filed for Teamster representation on September 14, 2016. The 72 drivers at the former Con-way Freight are planning to join workers in Miami; Laredo, Texas; and Vernon, Calif. who have already formed their union with the Teamsters. “The XPO workers’ fight for justice and a more secure future […]
XPO Logistics has announced plans to acquire Pacer International, the third largest provider of intermodal transportation services in North America. The combined company will continue to trade on the New York Stock Exchange under the symbol XPO. Pacer is also the largest provider of intermodal services in the fast-growing cross-border Mexico market. A few specifics of […]
Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions, has announced that it has signed a definitive agreement to sell its Michigan-based supply chain subsidiaries (“LSCS”) to XPO Logistics, Inc. (“XPO”) for $87.0 million in cash. The Landstar Board of Directors also has declared a special one-time dividend in the amount of […]
