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MarketScreener Homepage  >  Equities  >  Nyse  >  XPO Logistics, Inc.    XPO

XPO LOGISTICS, INC.

(XPO)
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XPO Logistics Recognized by General Motors as Supplier of the Year for Managed Transportation

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06/30/2020 | 07:01am EDT

GREENWICH, Conn., June 30, 2020 (GLOBE NEWSWIRE) --  XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, was honored by General Motors as a GM Supplier of the Year during a virtual ceremony for the company’s 28th Annual Supplier of the Year Awards on Wednesday, June 24, 2020.

This is the second consecutive year that XPO has been named to a select group of GM suppliers recognized for consistently exceeding expectations, creating outstanding value and introducing innovations. The winners were chosen by a global team of GM executives based on performance in the 2019 calendar year.  

XPO manages the movement of truck and car parts from GM’s suppliers to its warehouses and on to dealerships throughout North America. Dedicated XPO managed transportation teams collaborate with GM on site and via XPO technology to optimize GM’s aftermarket channel.

Troy Cooper, president of XPO Logistics, said, “We’re proud to manage General Motors’ critical aftermarket parts channel and help elevate service to dealers and consumers. As soon as we realize an efficiency for GM in cost reduction or performance, our managed transportation team is looking toward the next area of optimization.”

“Our suppliers play a key role in delivering the products, services and experiences our customers deserve, and XPO delivered,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. “We also believe it’s important to thank our entire supply base for their efforts to mitigate the impacts of COVID-19. Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe.”

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 30 countries, with 1,506 locations and approximately 97,000 employees. XPO uses its network to help more than 50,000 customers manage their goods most efficiently throughout their supply chains. XPO's corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. xpo.com

General Motors (NYSE: GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities, sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.

Media Contact

XPO Logistics, Inc.
Erin Kurtz
+1 203-489-1586
erin.kurtz@xpo.com

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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 15 034 M - -
Net income 2020 85,4 M - -
Net Debt 2020 5 366 M - -
P/E ratio 2020 116x
Yield 2020 0,01%
Capitalization 7 142 M 7 142 M -
EV / Sales 2019
EV / Sales 2020 0,83x
Nbr of Employees 97 000
Free-Float 98,8%
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Technical analysis trends XPO LOGISTICS, INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 20
Average target price 80,53 $
Last Close Price 78,37 $
Spread / Highest target 42,9%
Spread / Average Target 2,75%
Spread / Lowest Target -29,8%
EPS Revisions
Managers
NameTitle
Bradley S. Jacobs Chairman & Chief Executive Officer
Troy A. Cooper President
David B. Wyshner Chief Financial Officer
Mario A. Harik Chief Information Officer
Michael G. Jesselson Lead Independent Director
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