XPO Logistics E-commerce Volume Spikes 24% in U.S.
GREENWICH, Conn. - December 21, 2017 - XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has seen a 24% spike in e-fulfillment volume at its U.S. contract logistics facilities during the period of Black Friday through Cyber Monday. Consumers are driving the year-over-year growth as they increasingly turn to e-tailers for mobile flexibility and fast delivery times.
XPO has hired approximately 6,000 seasonal workers for its U.S. contract logistics operations, an increase of 20% from 2016, due primarily to the growth in e-commerce. Earlier this year, the company launched a unique, end-to-end service offering that helps e-commerce companies and omnichannel retailers move goods through their supply chains using XPO's last mile, less-than-truckload and logistics networks in an integrated solution.
Troy Cooper, chief operating officer of XPO Logistics, said, "The dynamic growth we're seeing in e-commerce is giving us exciting new ways to support our customers. We're using advanced technology in our warehouses to predict upcoming volumes, and our latest mobile applications enhance consumer satisfaction."
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world. The company operates as a highly integrated network of people, technology and physical assets in 32 countries, with 1,444 locations and more than 91,000 employees. XPO uses its network to help more than 50,000 customers manage their goods more efficiently throughout their supply chains. The company has two reporting segments, transportation and logistics, and within these segments its business is well diversified by geographies, verticals and types of service. XPO's corporate headquarters is in Greenwich, Conn., USA, and its European headquarters is in Lyon, France. www.xpo.com
This press release includes forward-looking statements within the meaning of United States federal securities law. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. All forward-looking statements set forth in this press release are qualified by factors that might cause or contribute to a material difference in actual results, as discussed in XPO's filings with the U.S. Securities and Exchange Commission and linked to the investor relations section of the company's website www.xpo.com, including: economic conditions generally; competition; XPO's ability to attract and retain key employees; the ability to develop and implement a suitable information technology system; and the ability to maintain positive relationships with third-party providers. Forward-looking statements set forth in this press release speak only as of the date hereof, and XPO undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events except to the extent required by law.
XPO Logistics, Inc.
Erin Kurtz, +1-203-489-1586