XPO Logistics Announces Expansion of Less-Than-Truckload Network with New Terminals, Maintenance Shops and Trailer Manufacturing Capacity
The announcement marks the latest progress in XPO’s previously announced plan to drive growth and efficiencies in its North American LTL network. In
- 26 new doors at a cross-dock terminal in
- 24 new doors at a cross-dock terminal in
- New fleet maintenance shops at terminals in
Ohio, Florida, New Yorkand Nevada; and
- Equipment upgrades to the company’s LTL trailer manufacturing facility in
Searcy, Arkansas, with the expectation of nearly doubling the year-over-year number of units produced in 2022.
North American LTL Strategic Actions
XPO’s comprehensive LTL action plan will continue to improve network-wide operating efficiency and support future revenue growth. Specifically, the company expects to:
- Expand its North American LTL door count by 900 doors, or approximately 6%, by year-end 2023;
- Further improve network flow with targeted initiatives;
- Continue to implement accessorial charges for detained trailers, oversized freight and special handling;
- Expand the 2022 graduate count at its US driver training schools, approximately doubling the 2021 count; and
- Significantly increase the number of units produced at its trailer manufacturing facility.
XPO has one of the largest LTL networks in
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risk factors discussed in our filings with the
Source: XPO Logistics, Inc.