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☆ XPO well positioned to handle inflation and higher gas prices, says CEO Mario Harik
  + stars: | 2024-04-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXPO well positioned to handle inflation and higher gas prices, says CEO Mario HarikMario Harik, CEO of XPO, joins CNBC's 'The Exchange' to share his reaction to Wednesday's CPI report, XPO's operational overhaul, and more.
Persons: Mario Harik Mario Harik Organizations: CPI
☆ XPO CEO Mario Harik on Q3 earnings beat
  + stars: | 2023-10-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXPO CEO Mario Harik on Q3 earnings beatXPO CEO Mario Harik joins 'The Exchange' to discuss company's earnings beat, the health of the trucking industry, and more.
Persons: Mario Harik
☆ State of Freight: XPO CEO on expectations for Lunar New Year, supply chain conditions and manufacturing trailers to meet demand
  + stars: | 2023-01-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState of Freight: XPO CEO on expectations for Lunar New Year, supply chain conditions and manufacturing trailers to meet demandXPO CEO Mario Harik says, "Supply chains today are operating much more efficiently than where they were a year ago." But the pureplay less-than-truckload company is facing other headwinds including softening demand and the need for trailers to move freight. Frank Holland talks with Harik about trucking rates, his expectations for Lunar New Year and when he expects to see a recovery in the freight markets.
☆ Bank of America downgrades logistics stock XPO, cites worsening outlook for smaller freight loads
  + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Analyst Ken Hoexter downgraded shares of XPO to neutral from buy, and lowered his price target, saying the logistics company will have to contend with a tougher outlook for less-than-truckload shipping. "We target XPO shipments/day to fall 3% year-year in 4Q22e and 2023e," Hoexter wrote. "LTL volumes are increasingly challenged, evident in ODFL and SAIA mid-quarter updates where daily tonnage for Oct/Nov was -9%/-7% and -8%/-9% year-year, respectively. FedEx also saw accelerating declines in LTL volumes (see F2Q23 Note) with shipments down 11% in Nov from -3% in June." The analyst roughly halved his price target, down to $35 from $60, implying shares have just 5% upside from Friday's closing price.
☆ XPO Logistics incoming CEO on earnings early read, company transition and outlook
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXPO Logistics incoming CEO on earnings early read, company transition and outlookCNBC's Frank Holland joins 'Squawk Box' with XPO Logistics incoming CEO Mario Harik to discuss the company's third-quarter expectations.
☆ Trucking company XPO releases some quarterly results ahead of brokerage spinoff
  + stars: | 2022-10-17 | by ( Frank Holland | In | ) www.cnbc.com   time to read: +2 min
The XPO Logistics Inc. logo on a truck departing the company's distribution hub in Barcelona, Spain, on Thursday, May 12, 2022. Trucking company XPO Logistics on Monday said it expects to post third quarter revenue that would come in below analysts' expectations. For the truck brokerage segment that will become RXO, the company expects revenue to decrease 2% year over year and volume to increase 9%. Truck brokerage connects truckers with customers in the on-demand "spot market." The RXO spinoff follows a previous spinoff of XPO's contract logistics business into GXO , which began trading last year.
☆ XPO Logistics Names CFO Ahead of Planned Spinoff of Freight Brokerage Business
  + stars: | 2022-10-10 | by ( Kristin Broughton | Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +4 min
XPO Logistics Inc. named a new finance chief ahead of the planned spinoff of its freight brokerage business later this year, part of an ongoing effort to split the sprawling transportation company into smaller pieces. Carl Anderson will take over as chief financial officer on Nov. 8, Greenwich, Conn.-based XPO Logistics said Monday. XPO Logistics in 2021 spun off its supply-chain business GXO Logistics Inc., which provides services such as warehousing and e-commerce. XPO Logistics reported a total profit of $141 million during the quarter, down 10% from a year earlier. During his tenure as finance chief, Mr. Tulsyan played a key role in the spinoff of the GXO supply-chain business.
☆ XPO Logistics Appoints CFO, Assembles Board
  + stars: | 2022-10-10 | by ( Kathryn Hardison | ) www.wsj.com   time to read: +1 min
XPO Logistics Inc. has assembled its board of directors and appointed a chief financial officer as it proceeds with plans to spin off its tech-enabled brokered transportation platform. Brad Jacobs will serve as executive chairman, and Johnny C. Taylor Jr., Allison Landry, Jason Aiken and Michael Jesselson will remain as directors, the company said. Three additional directors were named to the board: Bella Allaire, the executive vice president of technology and operations with Raymond James Financial; Mario Harik, future chief executive officer of XPO following the spinoff; and Irene Moshouris, the senior vice president and treasurer of United Rentals. XPO Logistics appointed Carl Anderson as its chief financial officer. Mr. Anderson most recently served as CFO of Meritor Inc., a global supplier of OEM and aftermarket parts for commercial vehicle and industrial markets, XPO Logistics said.
☆ Chief Information Officer News
  + stars: | 2022-09-19 | by ( Steven Rosenbush | Isabelle Bousquette | Angus Loten | ) www.wsj.com   time to read: +2 min
And other up-and-coming ‘machine-health tech’ firms are offering similar wares. ‘Predictive-Maintenance’ Tech Is Taking Off as Manufacturers Seek More EfficiencyWalgreens Boots Alliance Inc. said Thursday it would appoint Hsiao Wang as its new chief information officer, as tech leader Francesco Tinto departs. Warehouse robots offer a stopgap to the labor crunch despite technology limitations, chief information officers say. American Airlines Names New Tech Chief Ganesh Jayaram, currently CIO of Deere & Co., is joining the airline as its chief digital and information officer. XPO Logistics CIO Readies for Shift to Chief Executive Role Tech-savvy CEOs look at every opportunity as having tech as part of the answer, says Mario Harik.
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