Whopping $50bn FedEx Freight? Or?
Running the numbers
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Takes extensive measures to protect global workforce in moving critical medical supplies, protective gear, food and beverages, and household staples
NORTHAMPTON, UK – 14 April 2020 – XPO Logistics, a leading global provider of supply chain solutions, has adapted quickly to the onset of the COVID-19 pandemic to maintain continuity of vital services and safeguard its workforce. The company is using a combination of rigorous protective measures, technology and virtual communications to help keep employees safe in all 30 countries where it operates.
XPO teams are working in unprecedented circumstances to move critically important goods through supply chains, including medical products, personal protective equipment, food and beverages, telecommunication devices, household goods and business supplies. The company provides essential support to industrial, retail and institutional customers, as well as government agencies.
Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, “I’m beyond proud of the way our employees have stepped up to fulfil our responsibilities in serving communities around the globe. We’ll continue to prioritise the physical, mental and emotional well-being of every person on our team.”
Nearly all of XPO’s sites continue to operate, with short-term shutdowns for deep cleaning as needed. Customers have uninterrupted access to the company’s full range of transportation services: dedicated and non-dedicated truckload, less-than-truckload, last mile, managed transportation and global forwarding.
Additionally, XPO is aiding national, regional and local authorities with crisis management. In Spain, the company is distributing masks and other protective measures for the Junta of Castilla and León. In the United States, XPO has partnered with the New York City Emergency Management Department for the distribution of life-sustaining supplies to people isolated in the epicentre of the pandemic.
XPO moved quickly to deploy comprehensive operating protocols that prioritize employee safety while meeting the company’s responsibilities as a designated provider of essential infrastructure services.
Comment on this article