Martin Placek
Research expert covering transportation and electronics
XPO Logistics - statistics & facts
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. Its headquarters are currently situated in Greenwich, Connecticut.
Financial performance
XPO Logistics’ total operating expenses for 2020 amounted to a little under 12.2 billion U.S. dollars, while the company was able to generate a total revenue of around 12.8 billion U.S. dollars for that same year. The company also possesses assets that include an array of warehouses, rail containers, tractors, trailers, and cross-dock facilities for transferring freight between rail and road. In 2021, the company held total assets amounting to nearly 8.7 billion U.S. dollars.Business segments
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, and global freight forwarding. In 2021, the company recorded revenue of over four billion U.S. dollars from its less-than-truckload segment in North America alone.Main competitors
The company’s main competitors among domestic third-party logistics providers in the United States include C. H. Robinson, UPS Supply Chain Solutions, Expeditors International and J.B. Hunt. In 2020, the company emerged as the third-leading less-than-truckload carrier in North America, behind FedEx Freight and Old Dominion.
