XPO Logistics E-commerce Volume Spikes 24% in U.S.
December 21 2017 - 8:30AM
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
Forward-looking
Statements
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.
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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