Expands Infrastructure to Support Growth Strategy
BUCHANAN, Mich.--(BUSINESS WIRE)--Mar. 22, 2012--
XPO Logistics, Inc. (NYSE Amex: XPO), a leading third-party
transportation logistics provider, today announced the opening of its
new North American Operations Center in Charlotte, N.C. The facility
supports the company’s network of freight brokerage, freight forwarding
and expedited transportation locations nationwide.
Sean Fernandez, chief operating officer, said, “This is an important
milestone for us. The Operations Center is an integral part of our plan
to build XPO into a business with a much larger footprint and employee
base. We now have a centralized facility and state-of-the-art IT that
can support our strategy for growth. It strengthens the infrastructure
surrounding our customer and carrier relationships, our acquisition and
coldstart programs, and the scaling up of our operations.”
On February 28, 2012, North Carolina Governor Bev Perdue announced that
XPO Logistics was approved for a Job Development Investment Grant with a
potential yield of $3.22 million in incentives. The company expects to
create more than 200 jobs in Charlotte over the next three years in the
areas of accounting and finance, human resources, IT, brokerage and
carrier procurement.
For more information visit www.xpologistics.com.
About XPO Logistics, Inc.
Founded in 1989, XPO Logistics, Inc. is a non-asset based, third-party
logistics provider of freight transportation services that uses a
network of relationships with ground, sea and air carriers to find the
best transportation solutions for its customers. The company offers its
services through three distinct business units: expedited transportation
(Express-1, Inc.); freight forwarding (Concert Group Logistics, Inc.);
and freight brokerage. XPO Logistics serves more than 4,000 retail,
commercial, manufacturing and industrial customers through nine U.S.
operations centers and 23 agent locations.
Forward-Looking Statements
This press 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,
including, without limitation, the Company’s growth goals and the amount
of potential incentives under the Job Development Investment Grant
program. 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, but are
not limited to, those discussed in our filings with the Securities and
Exchange Commission and the following: economic conditions
generally; competition; our ability to find suitable acquisition
candidates and execute our acquisition strategy; our ability to raise
capital; our ability to attract and retain key employees to execute our
growth strategy; our ability to develop and implement a suitable
information technology system; our ability to maintain positive
relationships with our network of third-party transportation providers;
and governmental regulation. All forward-looking statements set
forth in this press release are qualified by these cautionary statements
and there can be no assurance that the actual results or developments
anticipated by us will be realized or, even if substantially realized,
that they will have the expected consequences to or effects on us or our
business or operations. Forward-looking statements set forth in
this press release speak only as of the date hereof and we do not
undertake any obligation to update forward-looking statements to reflect
subsequent events or circumstances, changes in expectations or the
occurrence of unanticipated events.
Source: XPO Logistics, Inc.
Investor Contact:
XPO Logistics, Inc.
Scott Malat,
+1-203-413-4002
scott.malat@xpologistics.com
or
Media
Contact:
Brunswick Group
Steve Lipin / Gemma Hart,
+1-212-333-3810
