Conf call redux: Stunning XPO – 'the cycle of all cycles...'
…is on its way, if we can just cut through the word forest
PG: STABLE YIELDXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINA
PG: STABLE YIELDXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINA
XPO Logistics has won a long-term contract with UK food manufacturer Premier Foods, the company behind well-known household names such as Mr Kipling, Oxo, Bisto and Ambrosia. The contract covers inbound transport, warehousing and outbound distribution to customers throughout the UK and Ireland.
Premier Foods will move its multi-site warehousing operations to a single XPO-managed national distribution centre in Tamworth, Staffordshire. XPO expects to manage throughput of approximately 2m pallets a year at the centre, which has the capacity for 80,000 pallets and will be fully operational from mid-2018 following a phased transition programme.
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