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In April 2023, XPO announced the hire of Dave Bates as chief operating officer of North American LTL. [34] In December 2023, XPO received approval from a Delaware bankruptcy court to acquire 28 service centers of Yellow Corporation for $870 million as a part of Chapter 11 bankruptcy. [35] [36] The acquisition was finalized in January 2024. [37]
Old Dominion Freight Line, Inc. traces its origins to 1934 when husband and wife Earl Congdon Sr. and Lillian Congdon (née Herbert) founded the company with a single straight truck running between Richmond and Norfolk, Virginia. [7][8] The name is a reference to a common nickname for the Commonwealth of Virginia, the "Old Dominion." [9]
Contract Freighters, Inc (CFI) was founded in 1951 in Joplin, Missouri by Roy Reed and Ursull Lewellan. The company began with one tractor and two trailers, [1] and generated revenues of $12,000 during its first year. CFI expanded services into Mexico providing through-trailer service since 1985. The first international office opened in 1987 in ...
In December 2023, 17 terminals of Yellow Corporation were sold to former subsidiary Saia in the Chapter 11 bankruptcy sale for $235.7 million. [52] On December 12, 2023, XPO got approval to acquire 28 service centers of Yellow Corporation as a part of Chapter 11 bankruptcy for $870 million. [53] [54]
In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
The Standard Carrier Alpha Code (SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long. The National Motor Freight Traffic Association developed the SCAC code in the 1960s to help road transport companies computerize data and records. [1]
XPO, Inc. This page is a redirect. The following categories are used to track and monitor this redirect: ... This page was last edited on 2 January 2023, ...
ups.com. Footnotes / references. [1][2][3][4][5] United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's ...