[66][67] XPO Logistics released a mobile game app in 2019 called "XPO Moves the Tour" to show how its drivers and proprietary logistics technology support the Tour de France.[68][69]. New Breed Logistics Job Information. For the full year 2013, New Breed's return on invested capital was approximately 38% and free cash flow conversion was approximately 71%. Racist, sexist, job-killing, union-busting robber baron appointed to head USPS, New Postmaster General Is an Expert Job-Killer, Global logistics: FedEx shifts gears, priorities as coronavirus impact spreads. The inexorable advance of Amazon is creating new challenges for logistics managers who must meet heightened shipper expectations while navigating today’s complex third-party logistics, 3PL marketplace. [32][33][28] Its North American network includes 290 cross-dock facilities and more than 75,000 next-day and two-day lanes.[1][34][35]. [49][50][51][52] In its LTL network, XPO Logistics uses machine learning and predictive analytics to improve pricing algorithms and network productivity. [citation needed], XPO Logistics earned the SmartWay Excellence Award for environmental improvement in 2015;[98], In January 2020, XPO Logistics was recognized by the Human Rights Campaign Foundation for taking steps to “ensure equality for lesbian, gay, bisexual, transgender and queer workers and their families.” XPO received a rating of 85 out of 100 on the Corporate Equality Index for these efforts. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" or the negative of these terms or other comparable terms. XPO Logistics (NYSE: XPO) is an American multinational transportation and contract logistics company that manages supply chains for 50,000 customers, including 69 of the Fortune 100. Services range from distribution center operations and transportation management to highly sophisticated, technology-enabled solutions for product assembly, reverse logistics and repair, lean manufacturing support, materials management, procurement and aftermarket services. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. We'll gain leadership in one of the most financially attractive sectors of contract logistics, and we'll use our new platform to engage customers in our broader offering, just as we've done over the past 12 months with our acquisitions of 3PD, NLM and Pacer. [25] Additionally, it operates a drayage network of 2,400 independent owner-operators, and has access to more than 25,000 additional drayage trucks. Install a QR code reading app on your smartphone to scan and convert it to New Breed Logistics Inc contact information. Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We're making a transformational move in acquiring New Breed - one that gives us critical mass and elevates our service offering. Find out everything there's to know about New Breed Logistics. We offer you a great deal of unbiased information from the internal database, personal records, and many other details that might be of interest to you. XPO Logistics, Inc.today announced that it has completed its previously announced acquisition of Pacer... XPO Logistics has announced financial results for the fourth quarter and full year 2013. In June 2018, XPO launched an augmented reality application which allows household customers to place purchased items in their homes using a mobile app. After closing, XPO expects to have approximately 10,000 employees and more than 200 locations. On July 29, 2014, the company agreed to acquire New Breed for a purchase price of $615 million on a cash-free, debt-free basis, and assuming a normalized level of working capital. The company further announced that it has completed the acquisition of Atlantic Central Logistics ("ACL"), a non-asset based provider of last mile logistics with 14 East Coast locations. XPO expects to integrate its XPO NLM expedited freight management platform with New Breed's transportation management system to offer customers highly engineered managed transportation solutions. XPO Logistics, Inc. (NYSE: XPO) is one of the fastest growing providers of transportation logistics services in North America: the fourth largest freight brokerage firm, the third largest provider of intermodal services, the largest provider of last-mile logistics for heavy goods, and the largest manager of expedited shipments, with growing positions in managed transportation, global freight forwarding and less-than-truckload brokerage. The proprietary XPO Connect digital freight marketplace and Drive XPO carrier mobile app. We'll be able to deliver integrated, end-to-end logistics solutions for any company, of any size, with any combination of transportation needs. Or try our search form or quick navigation by category and location. When the transaction is complete, we'll have an IT workforce of more than twice its current size, and about 10,000 employees at over 200 locations.". [95], In Portugal and Morocco, XPO uses mega-trucks, which carry a maximum load of 60 tons, compared with the standard 40 tons. The larger capacity allows mega-trucks to reduce road miles and cut CO2 emissions by as much as 20% for the same freight volume. XPO Logistics, Inc.Tavio Headley, +1-203-930-1602tavio.headley@xpologistics.com, Brunswick GroupGemma Hart, Darren McDermott, +1-212-333-3810. The combination will double XPO's IT workforce to approximately 600 talented, forward-thinking IT professionals innovating new ways to serve customers. Get reviews, hours, directions, coupons and more for New Breed Logistics Inc at 300 Montowese Avenue Ext, North Haven, CT 06473. XPO Logistics operates in two segments: transportation and contract logistics. At the closing, New Breed's chief executive officer, Louis DeJoy, will use $30 million of proceeds from the transaction to purchase restricted stock from the company. Services range from distribution center operations and transportation management to … XPO expects to integrate its XPO NLM expedited freight management platform with New Breed's transportation management system to offer customers highly engineered managed transportation solutions. The combination will double XPO's IT workforce to approximately 600 talented, forward-thinking IT professionals innovating new ways to serve customers. XPO operates approximately 800 warehouses with 200 million square feet of space, making it the second largest third-party contract logistics provider globally. For the full year 2013, New Breed's return on invested capital was approximately 38% and free cash flow conversion was approximately 71%. In total, New Breed operates 71 facilities and employs approximately 6,800 people. Return on invested capital equals ongoing operations EBIT divided by the sum of net working capital and net PP&E. [103], In August 2019, XPO partnered with Operation Backpack, which provides school supplies for thousands of children in need across New York City. Headquartered in High Point, N.C., New Breed's national footprint focuses on key logistics hubs such as Memphis, Chicago, Dallas-Fort Worth, Atlanta, Seattle and southern California. Cross-border shipments travel by ground, air or ocean. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. Other services include design, merchandising, warehousing, distribution, e-commerce, order fulfillment and sales support. ACL's delivery patterns complement those of XPO Last Mile, allowing us to leverage capacity as we increase our volume. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. New Breed had revenue of approximately $597 million and adjusted EBITDA of approximately $77 million for the trailing 12 months ended June 30, 2014. The value of the transaction represents a consideration of approximately 5.9 times trailing 12 months adjusted EBITDA. [106], In January 2019, XPO Logistics partnered with Feeding America to help deliver supplies to 60,000 soup kitchens and pantries nationwide. All other marks contained herein are the property of their respective owners. The company has obtained commitments from Credit Suisse AG, Morgan Stanley Senior Funding, Inc., Citigroup Inc. and Deutsche Bank AG for a total of up to $645 million in senior secured term loan facilities to fund the New Breed transaction and general corporate purposes, including potential future acquisitions. New Breed is a jewel in the crown of contract logistics: a world-class provider entrusted with critical services by some of the most prestigious corporate names in America. The company facilitates about 10 million last mile deliveries per year through a network of 5,000 independent drivers and technicians, making it the largest provider of heavy goods last mile logistics in North America. According to our records, this business is located at. [5][26][27], XPO arranges the home delivery of heavy goods that typically require assembly or installation, like washing machines, refrigerators, exercise equipment and home entertainment systems. [104], In July 2019, XPO Logistics sent 33 drivers to the American Trucking Association’s National Truck Driving Championship in Pittsburgh, Pennsylvania. Compelling Strategic Rationale for New Breed Acquisition. New Breed Logistics helps businesses manage their supply chain operations. According to … New Breed Logistics Careers & Info. It operates in 30 countries, with approximately 100,000 employees. [57], In July 2019, XPO was awarded a contract extension through 2024 to be the official transport and logistics partner of the Tour de France. [109], American transportation and logistics company, Learn how and when to remove these template messages, Learn how and when to remove this template message, Companies listed on the New York Stock Exchange (X), "XPO Logistics announces fourth quarter and full-year 2019 results", "XPO Logistics Ranked Fourth Largest Freight Brokerage Firm and Top 50 Logistics Company", "XPO Logistics hires new CFO as it weighs asset sale", "XPO Logistics Completes Acquisition of NLM", "XPO Logistics explores sale or spin-off of one or more of its businesses", "XPO Logistics finalizes Con-way acquisition", "Bradley Jacobs Has Acquired More Than 500 Companies. XPO Direct enables customers to share or rent parts of distribution centers to store their products. Third Party Logistics (3PL) Services in Minnesota (MN) on ... Third party logistics (3PL) services. [14][15] In March 2012, XPO Logistics opened a national operations center in Charlotte, N.C. and listed its shares on the New York Stock Exchange in June of the same year. The value of the transaction represents a consideration of approximately 5.9 times trailing 12 months adjusted EBITDA.