XPO manufactures its own trailers at an in-house facility in Searcy, Arkansas, and operates 130 driver training schools. zip codes and includes 294 cross-dock facilities. XPO's North American LTL network covers 99% of U.S. It is the third-largest LTL provider in North America and a leading LTL provider in Western Europe. XPO's LTL business ships freight on pallets using a hub-and-spoke distribution system. On Nov 1, 2022, XPO completed the spin-off to create the truck brokerage company, RXO, Inc. The spin-off was completed in November 2022, with Brad Jacobs as non-executive chairman and Drew Wilkerson as CEO. In March 2022, XPO announced plans to spin off its brokerage and other services segment as RXO, creating two independent companies: XPO as a provider of less-than-truckload transportation services and RXO as the fourth largest broker of full truckload transportation services in the United States. The spin-off was completed in August 2021, with Brad Jacobs as Non-Executive Chairman and Malcolm Wilson as CEO. In December 2020, XPO announced plans to spin off its logistics segment as GXO Logistics, creating two, independent companies: XPO as a provider of freight transportation services and GXO as the world's largest pure-play provider of contract logistics services. was the 7th best-performing stock of the last decade on the Fortune 500, with its share price rising more than 1,000% from the time its CEO, Brad Jacobs, took control. By May 2019, XPO was ranked 180th on the Fortune 500 list. In June 2016, XPO was included in the Fortune 500 list of the largest U.S. Roughly one year later XPO sold their truckload division (acquired from Con-Way) to the Canadian based TransForce for $558 million in cash. On September 9th, 2015 XPO acquired Con-way for $3 billion, this move helped grow XPO's LTL operations in North America as XPO absorbed 16,600 employees, more than 365 operating locations, 16,000 dock doors and 32,750 tractors and trailers from the Con-Way purchase. This helped XPO expand into the European trucking and logistics market. The acquisition was completed on June 8th, 2015 and the Dentressangle brand was phased out from June 2015. On ApXPO Logistics announced a $3.56 billion (3.24 billion euros) deal to acquire the European based Norbert Dentressangle, including acquired debt. and listed its shares on the New York Stock Exchange in June of the same year. In March 2012, XPO opened a national operations center in Charlotte, N.C. The company changed its name to XPO Logistics – a reference to Express-1's AMEX ticker symbol, "XPO" – and began acquiring other companies in the transportation and logistics sector. In September 2011, American businessman Brad Jacobs acquired Express-1 Expedited Solutions, Inc.
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