XPO Logistics, Inc. (NYSE: XPO) is one of the fastest growing providers of transportation logistics services in North America. We're the fourth largest freight brokerage firm, the third largest provider of intermodal services, the largest provider of last-mile logistics for heavy goods and the largest manager of expedited shipments, with growing positions in managed transportation, global freight forwarding and less-than-truckload brokerage.
XPO is built to deliver constant growth in capacity, passionate service and technological innovation. Our 123 locations facilitate more than 25,000 deliveries a day for over 14,000 customers in the manufacturing, industrial, retail, commercial, life sciences and government sectors. We have over 3,000 trucks under contract to our drayage, expedited and last mile subsidiaries, and we access additional capacity through our relationships with more than 26,000 ground, sea and air carriers in our network.
We have a lot of opportunity for growth. Even though we’ve more than quadrupled the size of the business in two years, we currently serve less than 2% of the estimated $50 billion addressable market for freight brokerage. Our acquired positions in the fastest-growing areas of logistics ensure that XPO is positioned as a single-source, multi-modal provider with deep capacity to meet our customers' needs. Most important, we’ve instilled a high-octane, performance-driven culture focused on delivering world-class service to our customers.
Technology fuels our growth
Innovation is in our DNA. We believe that technology can truly help optimize customer workflows and revolutionize how goods are shipped. We plan to transform transportation logistics through technology – and our multi-million dollar commitment to IT underscores its importance in our growth strategy.
Our IT blueprint includes robust software applications for our truckload and LTL brokerage business. Phase one of our platform was put in place in 2012 – we've implemented three major upgrades since then, as well as numerous enhancements. As we continue to execute our master plan, a stream of incremental benefits will pour into our customer relationships.
We invite you to learn more about XPO Logistics. Please click on the links under Our Services and About XPO in the top menu to read about our areas of business, leadership, operations and markets. Financial information and corporate governance can be found at the Investors link on this site.
Sources for division rankings: Transport Topics and The Journal of Commerce