XPO Logistics Plans to Invest Up to $90 Million in Road Fleet in North America
May 31 2018 - 9:00AM
XPO Logistics
Plans to Invest Up to $90 Million in Road Fleet
in North America
GREENWICH, Conn. - May 31, 2018 - XPO Logistics (NYSE: XPO), a leading global provider
of transportation and logistics solutions, today announced plans to
invest approximately $90 million in 770 new tractors for its
less-than-truckload (LTL) network in 2018. The company, which is
the second largest LTL provider in North America, expects to
integrate the new units into its fleet throughout the
year.
Troy Cooper, president of XPO Logistics, said,
"We're committed to giving our LTL drivers the latest technologies
for comfort and safety. These new tractors also reflect our
commitment to the environment by providing improved fuel efficiency
and reducing emissions."
The new tractors will have 15-liter engines and
12-speed transmissions, replacing models with 13-liter engines. The
larger engine is expected to offer a more optimal blend of
performance, fuel economy, emissions characteristics and engine
life, given the load profile of the company's LTL network. The
units will also feature the latest safety technologies, including
lane departure warning systems, adaptive cruise control and
collision mitigation systems to assist drivers.
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 1,466 locations and more than 95,000 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 match its
investments in equipment, service centers and warehouses with
customer demand; XPO's ability to attract and retain key employees;
and XPO's ability to develop and implement a suitable information
technology system. 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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