XPO Logistics Advances to Number 191 on Fortune 500 as Fastest-Growing Transportation Company
June 07 2017 - 4:30PM
GREENWICH, Conn. - June 7, 2017
- XPO Logistics, Inc. (NYSE: XPO), a leading global
provider of transportation and logistics solutions, moved up to
number 191 on the Fortune 500 list, as announced by Fortune magazine today. Last year, XPO ranked number
353 and was named the fastest-growing company.
XPO's new ranking is also notable for leading all
transportation companies on the list with the largest
year-over-year numeric increase, up 162 places, and the largest
percentage revenue change at 92%. The company is the third largest
performer in both metrics on the Fortune 500 overall, and ranks
number 80 among largest employers.
Bradley Jacobs, chairman and chief executive
officer of XPO Logistics, said, "We're honored to advance to a
position among the top 200 companies on the Fortune 500 and lead
the transportation sector. I commend our employees for the
phenomenal service they provide to our customers - including
the majority of the Fortune 500, who look to us for scale and
innovation in supply chain services."
The Fortune 500 list identifies the largest U.S.
companies each year on the basis of total annual revenue. XPO
generates revenue of approximately $15 billion, with a network of
over 89,000 employees and 1,431 locations in 34 countries.
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 34
countries, with over 89,000 employees and 1,431 locations. 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
Media Contact:
XPO Logistics, Inc.
Erin Kurtz, +1-203-489-1586
erin.kurtz@xpo.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: XPO Logistics, Inc. via Globenewswire
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