XPO Logistics Expands Last Mile Delivery Service to Europe
February 15 2018 - 9:00AM
XPO Logistics
Expands Last Mile Delivery Service to Europe
Markets include
the UK, Ireland, the Netherlands, Spain and France
GREENWICH, Conn. - February 15,
2018 - XPO Logistics, Inc. (NYSE: XPO), a leading global
provider of transportation and logistics solutions, today announced
the expansion of its last mile logistics service of heavy goods to
Europe. New markets include the UK, Ireland, the Netherlands, Spain
and France. The company expects to manage more than 750,000 last
mile deliveries from retailers and e-commerce companies in Europe
this year.
Troy Cooper, chief operating officer of XPO
Logistics, said, "Our last mile expansion to Europe is being driven
by customer demand, primarily related to e-commerce. Consumers are
buying more large items online, including furniture and appliances.
These are home deliveries that often require white glove services,
such as assembly, installation and testing. We'll leverage our
proprietary technology and successful business model that have made
us a last mile leader in North America."
Luis Gomez, managing director of transport, XPO Logistics Europe,
said, "Today, the market is very fragmented with
small-scale regional players. XPO has the scale and
experience to look across Europe and give
customers results-driven performance as they grow with
the boom in e-commerce."
XPO previously announced plans to open 30 new last
mile hubs in North America by the end of 2018 for a total of 85
hubs in the United States. The company is the largest last mile
logistics provider for heavy goods in North America, facilitating
approximately 13 million deliveries a year.
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 32
countries, with 1,455 locations and more than 95,000 employees. 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. xpo.com.
Forward-looking
Statements
This press release includes
forward-looking statements within the meaning of United States
federal securities law. All statements other than statements of
historical fact are, or may be deemed to be, forward-looking
statements. All forward-looking statements set forth in this
press release are qualified by factors that might cause or
contribute to a material difference in actual results, as discussed
in XPO's filings with the U.S. Securities and Exchange
Commission and linked to the investor relations section of the
company's website, www.xpo.com,
including: economic conditions generally; competition; XPO's
ability to attract and retain key employees; the ability to develop
and implement a suitable information technology system; and the
ability to maintain positive relationships with third-party
providers. Forward-looking statements set forth in this press
release speak only as of the date hereof, and XPO undertakes no
obligation to update forward-looking statements to reflect
subsequent events or circumstances, changes in expectations or the
occurrence of unanticipated events, except to the extent required
by law.
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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