XPO Logistics Awarded Contract for Cummins' Global Aftermarket Distribution Center
January 11 2017 - 9:00AM
GREENWICH, Conn. - January 11,
2017 - XPO Logistics, Inc. (NYSE: XPO), a leading global
provider of transportation and logistics solutions, has been
awarded a supply chain contract by global power leader Cummins Inc.
(NYSE: CMI) to support its customers worldwide. XPO Logistics will
operate Cummins' primary parts distribution center starting this
month, managing approximately 800 workers and over 2,700 orders
shipped daily.
The one million square foot facility in Memphis,
Tenn., distributes component parts, rebuild kits and remanufactured
engines as the principal restock hub for Cummins' warehouses
worldwide, and supports thousands of Cummins dealers in North
America. XPO will provide custom-designed technology for parts
stocking and control, fulfillment, shipping and returns
management.
"The employees and the important work they do each
day at our distribution center is critical to the success of our
customers and to Cummins," said Clarence Carr, Director, Memphis
Distribution Center, Cummins Inc. "We will work with XPO to ensure
that the operations and the work environment continue to be of the
highest quality and something we can all take pride in. We will
continue to look for new and innovative ways to improve our work
and our services."
Cummins has multiple operations in Memphis and has
been involved with the Memphis community for more than 50 years.
Cummins now employs a workforce of more than 1,600 across its
remanufacturing and distribution operations in Memphis and last
year employees spent over 4,000 hours volunteering in the Memphis
community.
Troy Cooper, XPO Logistics chief operating
officer, said, "We're proud to support Cummins in its commitment to
superior customer service and supply chain excellence. We look
forward to adding significant value to the Memphis distribution
center with cutting-edge technology and global best practices for
enhanced productivity, quality and cost-effectiveness."
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 34
countries, with over 86,000 employees and 1,425 locations. XPO uses
its network to help more than 50,000 customers manage their goods
more efficiently throughout their supply chains. The company has
two reporting segments: transportation and logistics, and within
these segments, its business is well diversified by geographies,
verticals and types of service. XPO's corporate headquarters is in
Greenwich, Conn., USA, and its European headquarters is in Lyon,
France.www.xpo.com
About Cummins
Cummins Inc., a global power leader, is a corporation of
complementary business units that design, manufacture, distribute
and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins
currently employs approximately 55,000 people worldwide and serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent
distributor locations and approximately 7,200 dealer locations.
Cummins earned $1.4 billion on sales of $19.1 billion in 2015.
Press releases can be found on the Web at www.cummins.com. Follow
Cummins on Twitter at www.twitter.com/cummins and on YouTube at
www.youtube.com/cumminsinc.
Forward-Looking
Statements
This press release contains forward-looking
statements that reflect management's current expectations,
assumptions and estimates of future performance and economic
conditions. Such statements are made in reliance upon the safe
harbor provisions of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The company
cautions investors that any forward-looking statements are subject
to risks and uncertainties that may cause actual results and future
trends to differ materially from those matters expressed in or
implied by such forward-looking statements. Other factors that may
impact the company's results and forward-looking statement may be
disclosed in the company's filings with the SEC. The company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Media Contact:
XPO Logistics, Inc.
Erin Kurtz, +1-203-489-1586
Erin.kurtz@xpo.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions 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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