XPO Logistics (NYSE: XPO) is a Fortune 500 American corporation and a top ten global logistics company. Headquartered in Greenwich, Connecticut and founded in May 1989, this Shining Light Company has grown to 90,000 employees at 1,435 locations in 31 countries. The company was started in May 1989 by Michael Welch and Keith Avery under the name Express-1 Expedited Solutions. They specialized in time-critical, high-value freight shipments. In 2004, they were purchased by Segmentz Inc., a publicly traded transportation firm. Segmentz changed its name back to Express-1 Expedited Solutions in 2006, which had become their main operating unit, and began trading under the new ticker XPO. A final name change to XPO Logistics took place in 2011 when Bradley Jacobs invested $150 million from his private equity firm and assumed the roles Chairman and CEO. Jacobs not only changed the name but moved the headquarters from Michigan to its current location in Connecticut. Over the next 5 years XPO would see an expansion of its national operations to Charlotte North Carolina, almost $1.5 billion in investments by global investors, making the Forbes Fortune 500 for the first time and then in 2016 being named Fortune 500’s fastest-growing company.
Far more than just a trucking company, XPO has made it their responsibility to become a global leader by setting an example on how to operate a company around a set of well-defined core values. They say that “Our XPO values are the heart of our culture.” The XPO values are: trustworthy, responsive, united, committed, safety-focused and entrepreneurial. Trustworthy is their belief that acting with integrity is the best way to earn trust. Responsive is acting quickly to a customer or employee. United is the entire company working as a team to deliver exemplary service. Committed is providing every customer with whatever is required to ensure the best service possible. Safety-focused is assuring the safety of customers, employees, communities and families. Lastly, entrepreneurial is thinking creatively and embracing innovation while maintaining their obligation to create profitable growth and value.
XPO Logistics is a company driven by company wide core values and the understanding that working closely with customers is the right way to do business. These factors have led to their success and earned the trust of their clientele that has grown their company to move an average of 160,000 shipments and over 5 billion inventory units daily. For this, we are honored to recognize XPO Logistics as a Shining Light Company!
DISCLOSURE: Shining Light Companies are exemplary companies who live out the Golden Rule in their business practices, demonstrate strong servant leadership and create compelling value through the products and services they offer. This is intended for general information purposes concerning only the values, corporate culture and business practices of the companies being spotlighted. It DOES NOT incorporate any analysis of the companies’ investment merit based on intrinsic value, fundamental analysis, etc. This must not be construed as investment advice or a buy/sell recommendation. These companies may or may not be included in our LightPoint Portfolios at any given time.