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XPO
Government, Business, For-Hire

XPO Launches Cross-Border Expansion Into Mexico

XPO truck

XPO launched a new service aimed at expanding its cross-border services between the U.S. and Mexico, the company announced July 17.

Connor D. Wolf | Staff Reporter
July 22, 2024
Business, Logistics

XPO Opens Three New Facilities Acquired From Yellow Closure

XPO opens Landover, Md., facility

XPO recently opened three new facilities that were acquired by the less-than-truckload carrier as part of the Yellow Corp. bankruptcy.

Transport Topics
May 14, 2024
Business, Logistics

XPO Posts Q1 Net Income Rise of 294% Despite Tough Market

XPO truck

XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 3, 2024
Business, Logistics

Reopening of Ex-Yellow LTL Terminals Gathers Pace

XPO truck

Reopening of former Yellow Corp. terminals quickened in recent days, with multiple less-than-truckload players introducing additional doors they bought at auction.

Keiron Greenhalgh | Staff Reporter
April 14, 2024
Business, Logistics, For-Hire

XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says

XPO trailer

Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.

Nina Trentmann | Bloomberg News
February 12, 2024
Business, Logistics

XPO Reports Revenue and Earnings Gains for Q4

XPO camo truck

XPO Inc. reported a year-over-year increase in revenue and earnings despite an overall softer freight environment during the fourth quarter of 2023, the company announced Feb. 7.

Connor D. Wolf | Staff Reporter
February 7, 2024
Business, Logistics, For-Hire

Court Approves Sale of 128 Yellow-Owned Terminals

Yellow Corp. trucks

A Delaware court approved the sale of 128 freight terminals owned by bankrupt less-than-truckload carrier Yellow Corp., according to an audio recording of a Dec. 12 hearing.

Keiron Greenhalgh | Staff Reporter
December 12, 2023
Business

Jacobs Names New Company QXO, Dealing in Building Materials

Brad Jacobs

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

Dan Ronan | Senior Reporter
December 11, 2023
Business, Logistics

Update: XPO Spends $870 Million for Yellow Properties

xpo ss

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.  

December 8, 2023
Business, Logistics

XPO In Line for 28 Yellow Properties for $870 Million

Yellow terminal and XPO truck

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp.

Keiron Greenhalgh | Staff Reporter
December 5, 2023

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