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Top related persons:
Brian Snyder - 1 XPO - 1 Jonathan Chappell - 1 XPO's - 1 Aishwarya Jain - 1 Pooja Desai - 1 Krishna Chandra - 1
Top related locs:
North Reading , Massachusetts U.S North America Delaware
Top related orgs:
XPO Inc - 2 Yellow Corp - 1 REUTERS - 1 Trucking - 1 International Brotherhood of Teamsters - 1 Walmart - 1 Evercore ISI - 1 Estes Express Lines - 1

Search resuls for: "XPO Inc"


4 mentions found


☆ Call of the Day: XPO Inc.
  + stars: | 2024-05-24 | 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 EmailCall of the Day: XPO Inc. The Investment Committee debate Stifel's upgrade of XPO and the transportation sector.
Organizations: XPO Inc
☆ Trucking firm XPO to buy bankrupt Yellow's service centers for $870 mln
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +2 min
Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.
Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware
☆ TFI Stake in Trucker ArcBest Sparks Acquisition Speculation
  + stars: | 2023-02-22 | by ( Liz Young | Paul Berger | ) www.wsj.com   time to read: +4 min
TFI in 2021 became one of the top carriers in the U.S. less-than-truckload sector when it bought United Parcel Service Inc.’s freight business for $800 million. TFI CEO and President Alain Bédard said on the Feb. 6 earnings call that TFI is looking for opportunities to work with ArcBest. TFI executives said they see ways to save money working together with ArcBest, analysts at Cowen wrote in a Feb. 14 note summarizing a meeting they had with TFI management. The Cowen analysts wrote TFI is well placed to take over ArcBest’s unionized workforce because it already works with the Teamsters union at TForce Freight. ArcBest shares are up about 14% since TFI disclosed its stake.
☆ Pressure Mounts on CIOs to Build More AI Apps (and Faster)
  + stars: | 2023-02-16 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +5 min
Magesh Sarma, chief information and strategy officer for AmeriSave Mortgage Corp., said his team has been inundated with requests to build AI apps aimed at tackling various cost issues. But the AI team, which consists of 76 employees, has been one of the least affected because of its business value. Ms. Anderson has a system for evaluating the priority level of different possible machine-learning projects that come to her department via a request pipeline, she said. Photo: ERIC GAILLARD/REUTERSOne area she hasn’t been able to fully tackle is machine-learning algorithms to help with customer retention. “With AI, it’s an incremental sort of approach.”Adding to the pressure is the exploding popularity of ChatGPT and other generative AI applications.
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