XPO Logistics is an American-based corporation that provides global transportation and logistics services to companies in every major industry. Established in 1989 in Michigan as Express-1 Expedited Solutions, the company adopted its current name in 2011 and has grown to become one of the leading logistics companies in the United States. XPO Logistics’ total operating expenses for 2016 amounted to a little over 14 billion U.S. dollars, while the company was able to generate total revenue of around 14.6 billion U.S. dollars for that same year. Its headquarters is currently situated in Greenwich, Connecticut.
Operating as a third-party provider of end-to-end goods management, XPO Logistics provides local, national, and global supply chain solutions. The company’s operations include: contract logistics, freight brokerage, less-than-truckload transport, full truckload transport, last mile logistics, drayage, intermodal transport, expedited ground and air shipping, as well as global freight forwarding.
In 2016, the company recorded revenue of over 3 billion U.S. dollars from its less-than-truckload segment in North America alone. The company also possesses assets that include an array of warehouses, rail containers, tractors, trailers, and cross-dock facilities to transfer freight between rail and road. In 2016, the company held total assets amounting to the tune of around 11.7 billion U.S. dollars.
The company’s main competitors among domestic third-party logistics providers in the U.S. include C. H. Robinson, UPS Supply Chain Solutions, Expeditors International and J.B. Hunt. In 2015, the company emerged as the second leading less-than-truckload carrier in North America, behind FedEx Freight.
The North American market for third-party logistics is the second largest in the world behind the APAC region. In the United States, the gross revenue generated by third-party logistics providers for that same year added up to a value of around 169.7 billion U.S. dollars.
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