PRESS RELEASE:
XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services, today announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. RXO will go to market with the tagline “Massive capacity. Cutting-edge technology.”
XPO unveiled the new company’s identity on a landing page, RXO.com, where visitors can register to receive news about the spin-off’s upcoming milestones and leadership appointments.
Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Our spin-off now has a name — RXO — bringing it one step closer to becoming a standalone industry leader. Our best-in-class truck brokerage business will be the keystone of RXO’s asset-light platform, poised to continue to take share of a growing market.”
To read the full story please click here
Related Stories
Topics
Most Read
Countries shy away from US coalition to protect Red Sea shipping
Shippers spooked by fear of box shortages amid carrier 'opportunism'
Carriers accused of using 'sledgehammer tactics' to hike backhaul rates
'Damaging' port strikes at DP World Australia terminals extended
Shipper switch to air freight will see rates take off next week
Shippers must pay a heavy price for capacity, as 'ships are filling up'
Red Sea premiums tempt opportunistic operators, despite major Houthi attack
Rocketing ocean rates predicted to decline post-Chinese New Year