Record XPO hits $200/share
US LTL carrier XPO today announced its financial results for the fourth quarter of 2025. It ...
WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
WTC: NO LUCKCHRW: 'NUCLEAR VERDICT'DSV: DEEP CUTKNIN: UPGRADEDKNIN: AI BENEFITSKNIN: NOT WORTH ITPLD: DEAL TIMEKNIN: CONF CALL CLOSING KNIN: PRICING POWER KNIN: MARKET SHARE GAINS IN ROAD KNIN: AI-RELATED COST INFLATION OUTLOOKKNIN: APEX LOGISTICS IPO UPDATEKNIN: QUESTION TIMEKNIN: 'COST REDUCTION PROGRAMME IS ON TRACK'KNIN: CFO REMARKSKNIN: MONETARY IMPACT FROM AI KNIN: AI UPSIDEKNIN: STRONG ROAD UNIT DELIVERY KNIN: AIR LOGISTICS SHINES
PRESS RELEASE
NORTHAMPTON, UK – 14 January 2021 – XPO Logistics, a leading global provider of transport and logistics solutions, today announced a significant acceleration in the adoption of its XPO Connect digital freight marketplace worldwide. Demand for the company’s Drive XPO mobile app has propelled a 50% increase in downloads in the last three months of 2020, taking the cumulative total from 200,000 to 300,000. Carriers and truck drivers use the app to access XPO Connect.
The dramatic growth of XPO Connect underscores its position as one of the most rapidly adopted digital transportation platforms in the industry. For the full year 2020, compared with 2019, cumulative downloads of the app tripled, and the number of carriers registered on the platform increased by 47%.
Drew Wilkerson, XPO’s president of North American transportation, said, “XPO Connect’s strong upward trajectory reflects the industry shift we envisioned when investing hundreds of millions of dollars in our transportation technology. Now we have a premier platform with new capabilities underway. The value of our technology will compound in response to fast-growing demand from our customers and carriers.”
XPO Connect uses machine learning to analyse data histories and market conditions in seconds, helping shippers and carriers buy and sell capacity more efficiently in real time. The platform also provides critical visibility of shipments in transit, including XPO-managed transportation of vaccines, therapeutic drugs and personal protective equipment for COVID-19 response efforts.
Drivers can download the Drive XPO app at no charge from the iOS and Android stores.
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