XPO Logistics Inc (XPO) Company Profile

Profile: XPO Logistics Inc (XPO) Related Topics: XPO on New York Consolidated. 114.54 USD 27 Sep 2018. Full Description. XPO Logistics, Inc., incorporated on May 8, 2000, is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions. In Transportation segment, the Company provides multiple services to facilitate the movement of raw materials, parts and finished goods. As of December 31, 2016, the Company had more than 10,000 independent owner operators under contract to provide drayage, expedite, last mile and LTL services to its customers, and more than 50,000 independent brokered carriers representing approximately 1,000,000 trucks on the road. As of December 31, 2016, it had a global fleet of approximately 16,000 tractors and 39,500 trailers primarily related to its LTL and full truckload operations. The Company's freight brokerage operations encompass truck brokerage globally, as well as intermodal, drayage and expedite services in North America. Its truck brokerage operations are non-asset-based. It place shippers' freight with qualified carriers, primarily trucking companies. Customers offer loads to the Company via telephone, fax, e-mail, electronic data interchange and the Internet on a daily basis. These services are priced on either a spot market or contract basis for shippers. Then the Company collects payments from its customers and pay the carriers on a spot market basis for transporting customer loads. The Company's intermodal operations are asset-light. The Company provides container capacity, some of which utilizes its 9,900 leased or owned 53-feet containers and 8,000 chassis, rail brokerage, drayage transportation via independent contractors, and on-site operational services. The Company contracts with railroads to provide the long-haul portion of the shipment of freight in containers, and it contracts with trucking companies for the local pickup and delivery legs of the intermodal freight movement. The Company also provides customized electronic tracking and analysis of market prices and negotiated rail, truck and intermodal rates, in order to determine the optimal transportation routes. The Company offers its door-to-door intermodal services to a range of customers in North America, including large industrial and retail shippers, transportation intermediaries, such as intermodal marketing companies, and steamship lines. Its expedite operations are predominantly non-asset-based. Substantially all of the ground transportation equipment is provided by independent owner-operators who own one truck or van, or by independent fleet owners of multiple trucks or vans who employ multiple drivers. Its last mile services are asset-light. The Company utilizes independent contractors to perform transportation and over-the-threshold services. Last mile comprises the final stage of the delivery from a local distribution center or retail store to the end-consumer's home or business, where more services may be required. Its last mile operations in North America and Europe specialize in heavy goods, including appliances, furniture, large electronics and other goods that are larger-than-parcel. In North America, the Company's LTL operations are asset-based and it utilizes employee drivers, its own fleet of tractors and trailers for line-haul, pick-up and delivery, and a network of terminals. The Company provides its customers with day-definite regional, inter-regional and transcontinental LTL freight services. In Europe, its LTL operations utilize a blended asset-based and asset-light model of Company fleet and contracted carrier capacity, with a network of terminals. The Company's full truckload operations are asset-based. The Company provides customers in Europe with dedicated contract carrier services by utilizing its fleet of tractors and trailers. In addition, it provides transactional transportation of packaged goods, high cube products and bulk goods. The Company provides full truckload services domestically in France, the United Kingdom, Spain, Poland, Romania, Italy, Portugal and Slovakia, and internationally across Europe. The Company's global forwarding operations are asset-light and it provides logistics services for domestic, cross-border and international shipments through relationships with ground, air and ocean carriers and a network of Company and agent-owned offices. In Logistics segment, the Company provides warehousing and distribution solutions, such as factory support, aftermarket support, integrated manufacturing, packaging, labeling, distribution and transportation. The Company provides its logistics customers with integrated services, such as dedicated and shared warehousing, e-fulfillment order processing and personalization, reverse logistics, storage, factory support, aftermarket support, manufacturing, packaging, labeling and distribution. In addition, it utilizes its technology to solve supply chain challenges and create transformative solutions for its customers. Its logistics customers primarily operate in industries, such as high tech, e-commerce, telecommunications, aerospace and defense, healthcare, medical equipment, agriculture, food and beverage, and select areas of manufacturing.