XPO Logistics, Inc. (NYSE: XPO) is one of the largest and fastest growing providers of transportation logistics services in North America. We're the third largest freight brokerage firm, the third largest provider of intermodal services, the largest provider of last-mile logistics for heavy goods, the largest manager of expedited shipments and a leading provider of highly-engineered contract logistics, with growing positions in managed transportation and global freight forwarding.
XPO is built to deliver constant growth in capacity, passionate service and technological innovation. We facilitate over 37,000 deliveries a day through more than 10,000 employees at approximately 200 locations. Our team serves over 15,000 customers in the manufacturing, retail, industrial, technology, aerospace, commercial, life sciences and governmental sectors. We have over 4,900 trucks under contract to our drayage, expedited and last mile subsidiaries, with access to additional capacity through our relationships with more than 30,000 ground, sea and air carriers in our network.
We have a lot of opportunity for growth – in truck brokerage alone, we currently serve less than 2% of the estimated $50 billion addressable market. Our acquired positions have 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 IT budget of over $125 million annually underscores the importance of technology to our growth strategy. Our blueprint includes proprietary software applications for our truckload, LTL, intermodal, contract logistics and last mile businesses. As we continue to develop industry-defining technology for transportation logistics, 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