XPO Started a Uber Freight model and brought in record revenues
XPO Logistics dealt with a crash in freight movement by moving towards a Uber Freight model. revenue results have proven...
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XPO Logistics, Inc. provides supply chain solutions in the United States, the rest of North America, France, the United Kingdom, rest of Europe, and internationally.
The company operates in two segments, Transportation and Logistics.
The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services. This segment also provides freight brokerage services, which comprise intermodal and drayage operations that offer customers with container capacity, long-haul transportation brokered with railroads, road transportation of containers performed by independent contractors, and on-site operational services; asset-light last-mile logistics services for the home delivery of heavy goods; and ancillary services.
The Logistics segment provides a range of contract logistics services, including value-added warehousing and distribution, e-commerce and omnichannel fulfillment, cold-chain logistics, packaging and labeling, factory and aftermarket support, and inventory management, as well as order personalization and supply chain optimization, such as product flow management services. This segment also offers reverse logistics, which is also called returns management. It provides its services to customers in various industries, such as e-commerce and retail, food and beverage, consumer packaged goods, technology, aerospace, telecommunications, industrial and manufacturing, chemicals, agribusiness, life sciences, and healthcare. The company was founded in 2000 and is based in Greenwich, Connecticut.