XPO Logistics, Inc., a Delaware corporation, together with its subsidiaries
(“XPO” or the “Company”), is a leading asset-light provider
of third-party logistics services. Shippers and carriers outsource their transportation
logistics to us, and we facilitate supply chain solutions.
As a third-party, asset-light logistics provider, we utilize our relationships
with subcontracted transportation providers—typically independent contract
motor carriers, railroads and charter aircraft owners for domestic loads, and
air and ocean carriers for international shipments. We had approximately 4,100
trucks under contract to our intermodal, expedited and last mile business units.
We have access to additional transportation capacity through our relationships
with over 30,000 other carriers.
In September 2011, following the equity investment in the Company led by Jacobs
Private Equity, LLC, we began implementing our strategy to leverage our strengths,
with the goals of significant growth and value creation. Through the disciplined
execution of our strategy, we have built leading positions in some of the fastest-growing
sectors of transportation logistics in North America. XPO is:
The third largest freight brokerage firm and a Top 50 logistics company;
The largest provider of last mile logistics for heavy goods and a leading last
mile provider to the e-commerce industry;
The largest manager of expedited shipments through our expedited ground, air
charter and web-based managed transportation services;
The third largest provider of intermodal services; and
A leading provider of highly engineered, technology-enabled contract logistics
services for large manufacturers and service companies.
We believe that our broad service offerings give us a competitive advantage,
as many customers, particularly large shippers, increasingly seek to do business
with fewer, larger third-party logistics providers that offer deep capacity
across a wide range of services. Our services are provided by a well-trained
employee base that understands the importance of providing world-class service.
Our Transportation segment consists of our truck brokerage, intermodal, last
mile, expedited transportation and freight forwarding businesses. Our Logistics
segment consists of our contract logistics business. The differences in our
operating and reportable segments from our last annual report are related to
an internal management reorganization and acquisitions during the year ended.
Our previous Freight Brokerage, Expedited Transportation and Freight Forwarding
reportable segments have been consolidated into the Transportation operating
and reportable segment while our acquisition of New Breed (previously the Contract
Logistics reportable segment) represents the Logistics operating and reportable
segment.
