XPO Logistics Finds that 37% of US Consumers Are Ready to Buy Big Online - Completes last mile expansion ahead of holiday sea...
November 14 2018 - 8:30AM
GREENWICH, Conn. - November 14, 2018 - XPO Logistics, Inc. (NYSE: XPO), the largest provider
of last mile logistics for heavy goods in North America, has
released the results of an October survey about consumer e-commerce
behavior. The study found that 37% of US consumers plan to make an
online purchase of furniture, appliances or other big and bulky
products, defined as more than 150 pounds, in the next 12 months.
The study was conducted by Goodmind, an independent firm that
specializes in quantitative and qualitative consumer research.
XPO recently completed its planned last mile
network expansion of 85 hubs across North America ahead of the
holiday season. The updated network ensures close proximity to
consumers and rapid delivery times for heavy goods.
Troy Cooper, president of XPO Logistics, said,
"The message from consumers is compelling - people want to order
heavy goods online from their favorite brands, and they expect a
great experience. We've expanded our last mile network to 85 hubs,
putting us within 125 miles of 90% of the U.S. population. We're
taking the lead in significantly reducing transit times so that
consumers receive their purchases faster and stress-free."
XPO will facilitate approximately 14 million last
mile services this year, including the delivery of heavy goods from
distribution centers and retail stores to homes and businesses, as
well as in-home assembly and installation. Once an item is in
transit, XPO's technology gives consumers a choice of self-service
options, such as online order management and voice-activated
connectivity through Google Home and Amazon Echo.
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 1,529 locations and more than 98,000 employees. XPO
uses its network to help more than 50,000 customers manage their
goods most efficiently throughout their supply chains. 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 West Corporation on behalf of West
Corporation 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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