XPO Logistics Reveals Expansion Of Less-Than-Truckload Network

XPO Logistics Inc XPO opens two new less-than-truckload (LTL) terminals to increase customer service capacity in its North American network.
The company also increased production capacity at its trailer manufacturing facility and will open four more fleet maintenance shops this quarter.
"The strategic actions we initiated in the fourth quarter began showing results in a matter of weeks, giving us good traction for the execution of our plan in 2022. Our investments in this high-ROIC business will benefit customers across our national LTL platform," said Mario Harik, acting president, less-than-truckload, and chief information officer of XPO Logistics.
The company's LTL action plan includes expanding its North American LTL door count by 900 doors, or approximately 6%, by year-end 2023.
Price Action: XPO shares are trading lower by 0.18% at $70.29 on the last check Tuesday.