Harike Wetland

XPO Reports Second Quarter 2023 Results

Retrieved on: 
Friday, August 4, 2023
Harike Wetland, Public expenditure, Tax, Depreciation, EPS, LTL, Transport, EBITDA, Investment, NYSE, XPO, Video game, Bank

GREENWICH, Conn. , Aug. 04, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO ) today announced its financial results for the second quarter 2023, reflecting a solid performance in a soft industry environment for freight transportation.

Key Points: 
  • GREENWICH, Conn. , Aug. 04, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO ) today announced its financial results for the second quarter 2023, reflecting a solid performance in a soft industry environment for freight transportation.
  • Mario Harik, chief executive officer of XPO, said, “Our business performed above expectations in the second quarter, delivering adjusted EBITDA of $244 million and adjusted diluted EPS of $0.71.
  • We remain confident in achieving our long-term targets.”
    For the second quarter 2023, revenue was $1.92 billion, compared to $2.05 billion for the same period in 2022.
  • Net income from continuing operations attributable to common shareholders was $31 million for the second quarter 2023, compared with $96 million for the same period in 2022.

XPO Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023
LTL, Tax, XPO, Harike Wetland, Public expenditure, Depreciation, Growth, EPS, Transport, Environment, NYSE, Real estate, Bank

GREENWICH, Conn. , May 04, 2023 (GLOBE NEWSWIRE) --  XPO (NYSE: XPO) today announced its financial results for the first quarter 2023. Revenue increased to $1.91 billion for the quarter, compared with $1.89 billion for the same period in 2022.

Key Points: 
  • Revenue growth to $1.9 billion, and diluted EPS of $0.15
    Adjusted diluted EPS of $0.56, up 22% year-over-year
    GREENWICH, Conn. , May 04, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the first quarter 2023.
  • Revenue increased to $1.91 billion for the quarter, compared with $1.89 billion for the same period in 2022.
  • Diluted earnings from continuing operations per share were $0.15 for the first quarter, compared with $0.28 for the same period in 2022.
  • The company generated $76 million of cash flow from operating activities in the quarter.

XPO Logistics Announces Promotion of Jay Silberkleit to Chief Information Officer

Retrieved on: 
Monday, September 12, 2022
YouTube, Securities Exchange Act of 1934, Twitter, NYSE, XPO Logistics, Securities Act of 1933, CIO, LinkedIn, Waste management, XPO, Forward-looking statement, Harike Wetland, Technology, Instagram, Perception, Transport, Leadership, GLOBE, SEC, Waste Management (corporation), LTL, Cargo, Public relations, Audit, Risk management, Facebook

As previously announced, Harik will become chief executive officer of XPO once the planned spin-off is complete.

Key Points: 
  • As previously announced, Harik will become chief executive officer of XPO once the planned spin-off is complete.
  • Prior to XPO, Silberkleit most recently served as principal software engineer with Waste Management, Inc.
    Harik said, Jay has been a driving force behind the ongoing success of our proprietary technology since the early days of XPO.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.
  • XPO uses its proprietary technology, including the cutting-edge XPO Connect automated freight marketplace, to move goods efficiently through supply chains.

XPO Logistics Announces Leadership Succession Plan to Take Effect in Fourth Quarter 2022 Following Brokerage Spin-Off

Retrieved on: 
Thursday, August 4, 2022
Securities Act of 1933, Union, United, Lists of disasters, Risk, Industry, NYSE, GLOBE, XPO, Forward-looking statement, Securities Exchange Act of 1934, YouTube, SEC, Investment, Leadership, Sale, XPO Logistics, Massachusetts Institute of Technology, Human, Compliance, Perception, EBITDA, Engineering, Instagram, COVID-19, Twitter, Acceleration, Transport, American University, American University of Beirut, LTL, Jacobs, CIO, LinkedIn, Efficiency, Information technology, Management, Cargo, Risk management, Harike Wetland, Facebook, American

GREENWICH, Conn., Aug. 04, 2022 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that Mario Harik will succeed Brad Jacobs as chief executive officer of XPO and join the board of directors following XPO’s planned spin-off of its tech-enabled brokerage platform in the fourth quarter. Jacobs will remain with XPO as executive chairman, and will become non-executive chairman of the spin-off.

Key Points: 
  • XPO further announced that Harik has been named president, less-than-truckload (LTL) effective immediately, after serving as acting LTL president since October 2021.
  • Im confident that well have a seamless transition from Marios current role as LTL president to his leadership of XPO as a standalone LTL company.
  • XPO Logistics, Inc.(NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage.
  • XPO uses its proprietary technology, including the cutting-edge XPO Connect automated freight marketplace, to move goods efficiently through supply chains.