XPO Logistics, Inc. (NYSE: XPO) announced that Angus Tweedie has been appointed to the leadership team of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Tweedie will join XPO later this month and become senior vice president, strategy for GXO when the planned spin-off is complete. Working with Mark Manduca, GXO’s chief investment officer, Tweedie’s responsibilities will include analyzing growth opportunities for GXO, as well as communicating the company’s investment rationale to the global investment community.
Tweedie has led two highly ranked research teams in Europe: Citigroup’s European automotive research and Bank of America Merrill Lynch’s travel and leisure research. He also led TMT research for Macquarie Securities Group in London. Tweedie holds a degree in history from the University of Edinburgh in Scotland.
Brad Jacobs, chairman and chief executive officer, said, “Angus is a highly successful analyst with vast experience leading high-performing teams. He’s a hands-on professional who will fit in perfectly with GXO’s world-class management team.”
As previously announced, XPO expects to spin off its logistics business as a separate, publicly traded company in the second half of 2021. As the second largest contract logistics provider in the world, GXO will be well-positioned to capitalize on the big three secular tailwinds of e-commerce growth, customer demand for logistics automation and the burgeoning trend toward supply chain outsourcing. The business currently includes approximately 885 logistics locations in 27 countries.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world. The company is the second largest contract logistics provider and the second largest freight broker globally, and a top three less-than-truckload provider in North America. XPO uses a highly integrated network of 1,621 locations in 30 countries to serve more than 50,000 customers. Approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers, help XPO’s customers manage their supply chains most efficiently. The company’s corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram și YouTube.
Acest comunicat de presă include declarații anticipative în sensul Secțiunii 27A din Securities Act of 1933, cu modificările ulterioare, și al Secțiunii 21E din Securities Exchange Act of 1934, cu modificările ulterioare. Toate declarațiile, altele decât cele referitoare la fapte istorice, sunt sau pot fi considerate declarații prospective, inclusiv obiectivul nostru de a reduce TRIR în cadrul operațiunilor noastre din America și Asia-Pacific și LTIR în cadrul operațiunilor noastre din Marea Britanie și Europa. În unele cazuri, declarațiile cu caracter previzional pot fi identificate prin utilizarea unor termeni cu caracter previzional, cum ar fi "anticipa", "estima", "crede", "continuă", "ar putea", "intenționează", "poate", "planifică", "potențial", "prezice", "ar trebui", "va", "se așteaptă", "obiectiv", "proiecție", "prognoză", "scop", "îndrumare", "perspectivă", "efort", "țintă", "traiectorie" sau forma negativă a acestor termeni sau alți termeni comparabili. Cu toate acestea, absența acestor cuvinte nu înseamnă că declarațiile nu sunt prospective. Aceste declarații prospective se bazează pe anumite ipoteze și analize făcute de companie în lumina experienței sale și a percepției sale asupra tendințelor istorice, a condițiilor actuale și a evoluțiilor viitoare preconizate, precum și pe alți factori pe care compania îi consideră adecvați în aceste circumstanțe.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: economic conditions generally; the severity, magnitude, duration and aftereffects of the COVID-19 pandemic and government responses to the COVID-19 pandemic; our ability to align our investments in capital assets, including equipment, service centers and warehouses, to our customers’ demands; our ability to implement our cost and revenue initiatives; our ability to successfully integrate and realize anticipated synergies, cost savings and profit improvement opportunities with respect to acquired companies; matters related to our intellectual property rights; fluctuations in currency exchange rates; fuel price and fuel surcharge changes; natural disasters, terrorist attacks or similar incidents; risks and uncertainties regarding the potential timing and expected benefits of the proposed spin-off of our logistics segment, including final approval for the proposed spin-off and the risk that the spin-off may not be completed on the terms or timeline currently contemplated, if at all; the impact of the proposed spin-off on the size and business diversity of our company; the ability of the proposed spin-off to qualify for tax-free treatment for U.S. federal income tax purposes; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; our substantial indebtedness; our ability to raise debt and equity capital; fluctuations in fixed and floating interest rates; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract and retain qualified drivers; labor matters, including our ability to manage our subcontractors, and risks associated with labor disputes at our customers and efforts by labor organizations to organize our employees; litigation, including litigation related to alleged misclassification of independent contractors and securities class actions; risks associated with our self-insured claims; risks associated with defined benefit plans for our current and former employees; and governmental regulation, including trade compliance laws, as well as changes in international trade policies and tax regimes; governmental or political actions, including the United Kingdom’s exit from the European Union; and competition and pricing pressures.
Toate declarațiile anticipative prezentate în acest comunicat de presă sunt calificate de aceste avertismente și nu există nicio garanție că rezultatele sau evoluțiile reale anticipate de noi se vor realiza sau, chiar dacă se vor realiza în mod substanțial, că vor avea consecințele sau efectele așteptate asupra noastră sau asupra activității sau operațiunilor noastre. Declarațiile anticipative prezentate în acest comunicat de presă se referă doar la data prezentului comunicat și nu ne asumăm nicio obligație de a actualiza declarațiile anticipative pentru a reflecta evenimente sau circumstanțe ulterioare, modificări ale așteptărilor sau apariția unor evenimente neanticipate, cu excepția cazului în care acest lucru este cerut de lege.