XPO Logistics Celebrates 25 Years of Cross-Border Less-Than-Truckload Service in Canada
November 15 2017 - 4:15PM
GREENWICH,
Conn. - November 15,
2017 - XPO Logistics, a leading global
provider of transport and logistics solutions, is celebrating 25
years of serving domestic and cross-border customers in Canada with
less-than-truckload (LTL) service. The company's first Canadian LTL
terminal opened in Montreal in 1992, and the network has steadily
expanded to include a presence in five provinces. Over the past
decade, XPO has transported more than five million cross-border LTL
shipments and, in 2016, had a damage-free rate of 99.7%.
Troy Cooper, chief operating
officer of XPO Logistics, said, "We're proud to be the leading
provider of LTL service between two of the world's closest
neighbors and partners in commerce. Our service continues to
capture fast-growing demand for easy, cross-border shipping as the
fastest and most reliable LTL option available." According to
published transit times, XPO's U.S./Canada cross-border service is
40% faster than the LTL industry average.
XPO is the second largest LTL
provider in North America, with an LTL network of 12 Canadian
facilities and 283 facilities in the United States. The company
utilizes nine border crossing points between the two countries, the
most of any LTL carrier. An XPO Customs Resource Center supports
cross-border shippers with assistance regarding documentation,
certifications and other regulatory matters.
"XPO's customs expertise has
greatly reduced delays at border crossings and improved transit
times," said Robert McGrath, a senior logistics supervisor at CCI
Thermal Technologies Inc., an Ontario-based leader in the
development and production of advanced heating and filtration
systems. "The company is instrumental in getting our products to
customers in the United States and raw materials to our
manufacturing facilities in Canada, and we've been partners for
more than 17 years."
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
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
XPO (NYSE:XPO)
Historical Stock Chart
From Mar 2024 to Apr 2024
XPO (NYSE:XPO)
Historical Stock Chart
From Apr 2023 to Apr 2024