GREENWICH, Connecticut, June 17, 2021 (GLOBE NEWSWIRE) – XPO Logistics, Inc. (NYSE: XPO), one of the world’s leading providers of transportation and logistics solutions, has been named Green 75 Supply Chain Partner by Inbound Logistics magazine.
Malcolm Wilson, CEO of XPO Logistics Europe, said: “We thank Inbound Logistics for recognizing XPO’s commitment to reducing the environmental footprint of our operations. We continue to explore innovative ways to operate as a more sustainable business, which also helps our customers achieve their green goals. ”
XPO is one of 75 companies awarded by Inbound Logistics in 2021 for helping shippers maintain environmentally friendly supply chain operations. Details on logistics automation, fleet emission technologies, sustainable packaging and other environmental initiatives of the company can be found in its Sustainability report .
About XPO Logistics and GXO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the world’s most successful businesses, with two lines of business: transportation and logistics. The company helps more than 50,000 customers manage their supply chains more efficiently, using a network of 1,621 locations in 30 countries and approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers . The company’s headquarters are in Greenwich, Connecticut, United States. Visit xpo.com for more information and connect with XPO on Facebook , Twitter , LinkedIn , Instagram and Youtube .
About the GXO spin-off
XPO intends to split its logistics segment in the third quarter of 2021 under the name GXO Logistics, creating two pure-play industry powerhouses. The separation would create independent public companies with distinct investment identities and service offerings in large addressable markets. GXO would be the second largest contract logistics company in the world and XPO would be a leading provider of transportation services, primarily LTL and truck brokerage. For more information visit gxo.com .
This press release contains 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. All statements other than statements of historical fact are, or may be considered to be, forward-looking statements, including the above statements regarding the plans, benefits and timing of the contemplated spin-off transaction. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate, & CloseCurlyDoubleQuote; “estimate,” “believe,” “continue,” “might,” “intention,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “wait,” “goal , “” Projection, “” forecast, “” goal, “” orientation, “” perspective, “” effort, “” target, “” trajectory & CloseCurlyDoubleQuote; or the negative of these or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyzes made by the company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the company deems appropriate in the future. circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions which may cause actual results, levels of activity, performance or achievements to differ materially from future results, levels of activity, performance or achievements. expressed or implied forward-looking statements. Factors that could cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: general economic conditions; the severity, magnitude, duration and aftermath of the COVID-19 pandemic and the government’s responses to the COVID-19 pandemic; our ability to align our investments in fixed assets, including equipment, service centers and warehouses, with the demands of our customers; our ability to implement our cost and revenue initiatives; our ability to integrate and successfully realize anticipated synergies, cost savings and profit improvement opportunities with respect to the acquired companies; matters relating to our intellectual property rights; fluctuations in exchange rates; changes in fuel prices and fuel surcharges natural disasters, terrorist attacks or similar incidents; risks and uncertainties regarding the potential timing and expected benefits of the proposed split of our logistics segment, including the final approval of the proposed split and the risk that the split will not be completed on the terms or schedule currently contemplated , if applicable; the impact of the proposed split on the size and diversity of our business activities; the ability of the proposed spin-off to receive tax-exempt treatment for US federal income tax purposes; our ability to develop and implement appropriate IT systems and to prevent failures or violations of such systems; our significant debt; our ability to raise debt and equity; fluctuations in fixed and floating interest rates; our ability to maintain positive relationships with our network of third party transportation providers; our ability to attract and retain qualified drivers; labor issues, including our ability to manage our subcontractors, and the risks associated with labor disputes at our customers and the efforts of labor organizations to organize our employees; litigation, including litigation relating to alleged misclassification of independent contractors and securities class actions; the risks associated with our self-insured claims; the risks associated with defined benefit plans for our current and former employees; and government regulations, including trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the withdrawal of the United Kingdom from the European Union; and competition and price pressures.
All forward-looking statements set forth in this press release are qualified by these cautionary statements and there can be no assurance that the actual results or developments that we anticipate will materialize or, even if they materialize substantially, that they will have the expected consequences or effects. about us or our business or operations. The forward-looking statements set forth in this press release speak only as of the date hereof, and we assume no obligation to update any forward-looking statements to reflect subsequent events or circumstances, changes in expectations, or the occurrence of unforeseen events, action required by law.
XPO Logistics, Inc.