Conf call redux: XPO the best of the lot – by a wide margin
A round of applause and a bit of fun, too
XPO Logistics has announced that it is to make 190 non-sales staff redundant as part of its rationalisation plan following its $3bn takeover of Con-way.
The company said that the eliminated positions were mainly in administrative, management and back office roles in Con-way’s less-than-truckload (LTL) division and represented less than 1% of Con-way’s North American LTL headcount.
It added that the redundancies would reduce its cost base by $20m a year, adding to $50m in savings it said it had already achieved since ...
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