XPO, Inc.
XPO, Inc. is a publicly traded freight-transportation company focused primarily on less-than-truckload shipping in North America and Europe.
Last updated October 5, 2026
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Overview
XPO, Inc. is a global freight-transportation company headquartered in Greenwich, Connecticut. The company is best known for its less-than-truckload, or LTL, operations, which move palletized and other freight that does not require an entire truck. XPO serves manufacturers, retailers, distributors, wholesalers, construction and industrial businesses, and other commercial shippers. The company was created in 2011 by entrepreneur Bradley Jacobs, who had previously built and sold businesses in transportation and equipment rental. XPO initially pursued an acquisition-led strategy, combining freight brokerage, transportation management, last-mile delivery, intermodal, truckload, and other logistics activities under one corporate platform. A sequence of acquisitions expanded the business rapidly, including the purchase of Express-1 Expedited Solutions, which provided the initial public-company platform, and later acquisitions such as Con-way in 2015. The Con-way transaction gave XPO a major LTL network as well as truckload and logistics capabilities. XPO subsequently reorganized its portfolio to concentrate on transportation businesses with strong network effects and attractive operating characteristics. In 2021 it separated its contract-logistics activities into GXO Logistics, creating an independent public company, while retaining its transportation operations under the XPO name. The separation made XPO more focused on freight transportation and left GXO responsible for warehousing and contract logistics. Today, XPO's principal business is LTL transportation. Its network provides pickup and delivery, linehaul transportation between terminals, freight classification and pricing, shipment visibility, claims support, and technology-enabled customer tools. The company's European operations provide LTL and related less-than-truckload services in several markets, while its North American business is a major participant in the United States and Canadian LTL sector. XPO's competitive positioning is based on network density, service coverage, terminal infrastructure, freight-handling capabilities, pricing and yield management, driver and workforce productivity, and investments in digital tools. The company markets services ranging from standard and time-sensitive LTL to specialized and cross-border freight solutions. It is not primarily a consumer-facing product brand; its customers generally purchase transportation capacity and related freight services through business-to-business relationships. XPO remains listed on the New York Stock Exchange under the symbol XPO. Bradley Jacobs has served as executive chairman, and Mario Harik became chief executive officer in 2022. The company continues to present itself as a focused freight-transportation operator following the GXO spin-off.
History
XPO was established in 2011 by Bradley Jacobs as an acquisition platform in transportation and logistics. Its early development followed a buy-and-build model: the company acquired businesses in freight brokerage, expedited transportation, intermodal services, last-mile delivery, and transportation management, seeking to combine fragmented operations and use technology to improve shipment planning and visibility. The acquisition of Express-1 Expedited Solutions provided XPO with a public-company foundation. XPO then expanded through additional transactions, including the purchase of Con-way in 2015. Con-way brought a substantial less-than-truckload network, along with truckload and logistics businesses, and transformed XPO into a large integrated transportation company. The company also acquired European transportation and logistics operations, giving the brand a significant presence outside North America. During the second half of the 2010s, XPO operated across multiple logistics categories. Its activities included contract logistics, supply-chain management, freight brokerage, last-mile delivery, intermodal transportation, truckload services, and LTL freight. The breadth of the portfolio created cross-selling opportunities but also increased organizational complexity. XPO increasingly emphasized technology, centralized procurement, route and capacity optimization, and operational efficiency as ways to manage the scale of its network. In 2021, XPO carried out a major strategic restructuring. It spun off its contract-logistics business as GXO Logistics, a separate publicly traded company. XPO retained its transportation operations, including LTL, freight brokerage, last-mile and other transportation activities. The transaction was intended to create two more focused companies with different operating and investment profiles. In 2022, XPO completed another separation by spinning off its North American brokerage business as RXO. This left XPO more concentrated on asset-based LTL transportation in North America and Europe. In the same period, Mario Harik became chief executive officer and Bradley Jacobs moved to the executive-chairman role. The modern XPO business is therefore substantially narrower than the diversified logistics group assembled during its first decade. Its core identity is that of a freight carrier, with LTL as the central service. The company operates terminals, tractors, trailers, freight-handling facilities, digital shipment-management systems, and customer-service operations. Its customers use XPO for recurring regional, interregional, cross-border, time-sensitive, and specialized freight needs. XPO's principal strategic priorities include network density, service reliability, pricing discipline, productivity, safety, technology adoption, and profitable growth.
- 2022
RXO is spun off
[7]XPO separates its North American brokerage business into RXO, sharpening its focus on asset-based transportation.
- 2021
GXO Logistics is spun off
[6]XPO separates contract logistics into GXO Logistics and retains transportation operations.
- 2015
Con-way acquisition expands the LTL network
[5]The acquisition of Con-way adds a major North American LTL operation and other transportation capabilities.
- 2011
XPO is founded
[4]Bradley Jacobs establishes XPO as an acquisition-led transportation and logistics company.
- 2011
Express-1 becomes the public-company platform
[4]XPO develops through the acquisition and expansion of Express-1 Expedited Solutions.
Products and positioning
A technology-enabled, asset-based freight carrier focused on network-scale less-than-truckload transportation for commercial shippers.
Freight transportation
XPO Less-Than-Truckload
XPO's core offering moves palletized and other commercial freight that does not require a full truck. The service combines pickup-and-delivery operations, terminal sorting, linehaul transportation, shipment tracking, freight classification, claims handling, and delivery scheduling. North American LTL serves the United States and Canada, while European operations provide comparable regional and cross-border services in selected European markets.
Digital freight tools
XPO Connect
XPO Connect is a customer-facing digital platform intended to support shipment booking, transportation management, tracking, documentation, and visibility. It helps commercial shippers interact with XPO's freight network and monitor shipments through online tools and data.
Specialized transportation
Time-critical and expedited freight
XPO provides time-sensitive and specialized freight services for shipments requiring tighter delivery windows or additional operational coordination. These services complement the company's standard LTL network and are aimed at commercial customers with urgent or operationally sensitive transportation requirements.
Brand decisions
2022
Separate North American brokerage into RXOM&ABackground
After the GXO separation, XPO continued to review the portfolio and concluded that its North American brokerage operation had a distinct business model from its asset-based freight network.
Action taken
XPO spun off the North American brokerage business as RXO.
Aftermath
The remaining XPO business became more concentrated on asset-based LTL transportation and related freight services.
2022
Leadership transition under a focused transportation strategyStrategyBackground
Following the portfolio separations, XPO adopted a more focused transportation identity and changed its senior leadership structure.
Action taken
Mario Harik became chief executive officer and Bradley Jacobs became executive chairman.
Aftermath
The transition aligned executive leadership with XPO's narrower freight-transportation strategy.
2021
Separate contract logistics into GXO LogisticsM&ABackground
XPO had developed a broad logistics portfolio containing both asset-based transportation and contract-logistics activities. The company determined that the two businesses could operate with clearer strategies and investor profiles as separate companies.
Action taken
XPO completed a spin-off of its contract-logistics business as GXO Logistics and retained transportation activities under the XPO name.
Aftermath
XPO became more focused on freight transportation, while GXO became an independent contract-logistics company.
Recent events
Troy Cooper stepped down as XPO Logistics president[9]
Reported:
XPO Logistics announced that Troy Cooper stepped down from his role as president on December 27, 2021. He was to continue working with the company as a senior advisor until the end of June.
GXO completes spin-off from XPO Logistics[10]
Reported:
GXO Logistics announced Jason Papastavrou's board appointment upon the company's spin-off from XPO Logistics, indicating the spin-off took place that day.
XPO announces two executive appointments for GXO[11]
Reported:
XPO Logistics announced Eduardo Pelleissone as president of GXO's Americas and Asia Pacific operations and Neil Shelton as chief strategy officer. Their positions are to become effective upon completion of the planned spin-off.
XPO announces planned GXO spin-off[11]
Reported:
XPO said it intends to spin off its logistics segment as GXO Logistics in the third quarter of 2021, creating two independent public companies.
- Unconfirmed
XPO Logistics and Outokumpu renew UK partnership[12]
XPO Logistics renewed its UK partnership with Outokumpu, providing transport and logistics services for Outokumpu's stainless steel products and customers.
- Unconfirmed
XPO Logistics receives Dow Sustainability Award[13]
XPO Logistics announced that it received Dow's Sustainability Award for road transportation at Dow's 2020 Road Logistics Service Providers Conference.
- Unconfirmed
XPO announces sponsorship of Truckers Against Trafficking[14]
XPO Logistics announced a $25,000 corporate sponsorship of Truckers Against Trafficking to support its efforts to train commercial drivers to recognize potential traffickers and victims.
- Unconfirmed
XPO opens two West Coast logistics hubs[15]
Reported:
XPO expanded its U.S. contract logistics network by opening two 1.2-million-square-foot facilities in Southern California. One opened over the summer and the second opened last week; each is dedicated to a single customer.
XPO appoints Erik Caldwell as last mile business unit president[16]
Reported:
XPO Logistics announced Erik Caldwell's appointment as president of its last mile business unit, with responsibility for the unit's operations in the US and Canada.
XPO Logistics and Asda renew reverse-logistics partnership[17]
Reported:
XPO Logistics renewed its partnership with Asda Stores Ltd. under a three-year contract for reverse logistics and other asset management services.
Showing the 10 most recent.
Sources18 sources
- 1XPO investor relationsinvestors.xpo.com
- 2XPO annual reports and filingsinvestors.xpo.com
- 3XPO managementinvestors.xpo.com
- 4XPO company historyinvestors.xpo.com
- 5Con-way acquisition expands the LTL networkinvestors.xpo.com
- 6GXO Logistics is spun offinvestors.xpo.com
- 7RXO is spun offinvestors.xpo.com
- 8Leadership transition under a focused transportation strategyinvestors.xpo.com
- 9Troy Cooper卸任XPO Logistics总裁theloadstar.com
- 10GXO完成从XPO Logistics分拆finance.yahoo.com
- 11XPO宣布GXO两项高管任命finance.yahoo.com
- 12XPO Logistics与Outokumpu续签英国合作关系freightweek.org
- 13XPO Logistics获得Dow可持续发展奖freightweek.org
- 14XPO宣布赞助Truckers Against Traffickingfreightweek.org
- 15XPO在美国西海岸启用两座物流中心freightwaves.com
- 16XPO 任命 Erik Caldwell 为最后一英里业务部门总裁finance.yahoo.com
- 17XPO Logistics与Asda续签逆向物流合作postandparcel.info
- 18XPO将为Soles4Souls提供免费物流服务finance.yahoo.com
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