XPO, Inc.

Overview

XPO, Inc. is a freight transportation and logistics company focused on North American less-than-truckload (LTL) shipping and European transportation. Its North American network serves the United States and provides domestic and cross-border service to Mexico, Canada, and the Caribbean.[1][2]

In Europe, XPO provides services including dedicated truckload, LTL and full-truckload brokerage, warehousing, managed transportation, last-mile delivery, freight forwarding, and multimodal transportation. The company describes its European platform as pan-European, with a presence in France, Spain and Portugal, and the U.K.[3]+2

For fiscal 2025, XPO reported revenue of $8.157 billion. Its investor corporate profile lists 38,000 employees and 586 locations across North America and Europe; that profile does not specify a headcount date.[6][7] [1]+7

Products & services

XPO’s North American LTL offering provides domestic and cross-border freight service, reaching approximately 99% of U.S. ZIP codes and serving Mexico, Canada and the Caribbean. The segment also includes trailer manufacturing. Its network served about 38,000 shippers; in the 12 months ended June 30, 2026, it moved approximately 16 billion pounds of freight 784 million miles, with about 2.5 million linehaul miles per day. Cited operating capabilities include AI-based linehaul models, pickup-and-delivery routing innovations, real-time service-center labor analytics and proprietary technology.[8]+3

European Transportation offers dedicated truckload, LTL and pallet-network services, full-truckload brokerage, warehousing, managed transportation, last-mile delivery, freight forwarding and multimodal solutions, supported by a proprietary digital ecosystem. XPO describes LTL and full-truckload brokerage positions in France and Iberia, and warehousing, dedicated truckload and LTL offerings in the U.K.[12]+2 For the six months ended June 30, 2026, North American LTL generated $2.657 billion, approximately 59.7% of revenue, and European Transportation generated $1.794 billion, approximately 40.3%, out of $4.451 billion total. These percentages are calculated from segment revenue and represent segment—not individual service—mix.[15]+2 [8]+9

Geographic presence

XPO’s operations span North America and Europe, with its business organized around North American LTL and European Transportation. Its North American network provides domestic service to about 99% of U.S. ZIP codes, as well as cross-border service to Canada, Mexico and the Caribbean. In Europe, the company identifies France, Iberia (Spain and Portugal), and the U.K. as key markets.[11]+2

In 2025, reported revenue was $8.157 billion: $4.726 billion (57.9%) from the U.S.; $106 million (1.3%) from the rest of North America; $1.305 billion (16.0%) from France; $1.142 billion (14.0%) from the U.K.; and $877 million (10.8%) from other Europe.[17] For the six months ended June 30, 2026, revenue was $4.451 billion: $2.600 billion (58.4%) from the U.S.; $57 million (1.3%) from the rest of North America; $706 million (15.9%) from France; $632 million (14.2%) from the U.K.; and $456 million (10.2%) from other Europe.[18] The company reports employee distribution of approximately 60% in North America, 39% in Europe and 1% in Asia.[19] Its principal executive office is in Greenwich, Connecticut.[20] [11]+6

Business segments

XPO reports two operating segments. North American LTL provides domestic and cross-border, day-definite less-than-truckload services in the U.S., Mexico, Canada and the Caribbean; the segment also includes trailer manufacturing.[2][1] In FY2025, it generated $4.832 billion, approximately 59.2% of consolidated revenue.[6]+2

European Transportation serves consumer, trade and industrial customers with dedicated truckload, LTL, full-truckload brokerage, warehousing, managed transportation, last-mile, freight-forwarding and multimodal services.[3] Its FY2025 revenue was $3.324 billion, approximately 40.8% of consolidated revenue.[6]+2 XPO continued to report these two segments in its Q2 2026 filing.[21] [2]+9

Company history

XPO’s predecessor, Express-1, was founded in 1989. In 2011, investor Brad Jacobs and co-investors invested in the company; Express-1 adopted the name XPO Logistics, Inc. that September, with Jacobs becoming chairman and CEO.[24][25]

XPO expanded through acquisitions in 2014, buying Pacer International to add intermodal transportation and New Breed Logistics to expand in contract logistics. In 2015, it acquired a majority interest in European transport provider Norbert Dentressangle and completed its acquisition of Con-way, including its North American less-than-truckload business.[26]+3

The company subsequently separated businesses through a series of transactions: it spun off GXO Logistics in August 2021, sold its North American intermodal business in March 2022, and spun off its brokerage and other asset-light transportation services as RXO in November 2022. XPO Logistics changed its corporate name to XPO, Inc. in December 2022.[30]+3

In 2023, XPO acquired 28 former Yellow service centers. Mario Harik, who became CEO in November 2022, was set to assume the chairmanship at the end of 2025 as Jacobs stepped down as executive chairman.[34]+2

Sources

• XPO, Inc. — Full financial report (2025 Y)
  10 citations

  [1][2][3][4][5][6][11][16][17][19]
• investors.xpo.com[7]
• XPO, Inc. — Full financial report (2026 Q 2)
  10 citations

  [8][9][10][12][13][14][15][18][20][21]
• investors.xpo.com[22]
• investors.xpo.com[23]
• investors.xpo.com[24]
• news.xpo.com[25]
• news.xpo.com[26]
• news.xpo.com[27]
• XPO, Inc. — Full financial report (2015 Y)[28][29]
• news.xpo.com[30]
• news.xpo.com[31]
• investors.xpo.com[32]
• www.sec.gov[33]
• news.xpo.com[34]
• XPO, Inc. — Full financial report (2024 Y)[35]
• investors.xpo.com[36]