XPO Logistics, Inc. announced that Mario Harik will succeed Brad Jacobs as chief executive officer of XPO and join the board of directors following XPO's planned spin-off of its tech-enabled brokerage platform in the fourth quarter. Jacobs will remain with XPO as executive chairman, and will become non-executive chairman of the spin-off. Mario Harik has been appointed president, North American less-than-truckload, and will succeed Brad Jacobs as XPO's chief executive officer once the spin-off is complete Brad Jacobs will remain with XPO as executive chairman XPO further announced that Harik has been named president, less-than-truckload (LTL) effective immediately, after serving as acting LTL president since October 2021.

The company plans to become a pure-play LTL transportation provider in North America by completing the brokerage spin-off and the divestiture of its European business. In his first nine months as head of North American LTL, Harik improved the company's operating efficiency to a record level in the second quarter of 2022. Over the same period, he enhanced pricing, excluding fuel impact, from a year-over-year gain of 6% to 10.6%, rebalanced the network and spearheaded high-impact technology deployments.

In addition, Harik accelerated the growth strategy, doubling production run-rate at the company's in-house trailer manufacturing facility and opening five new terminals, adding 345 net new doors toward a goal of 900 net new doors by year-end 2023.