Conf call redux: Stunning XPO – 'the cycle of all cycles...'
…is on its way, if we can just cut through the word forest
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING
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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