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XPO Logistics Inc (XPO.N)

XPO.N on New York Stock Exchange

47.48USD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Teamsters says dockworkers at Aurora, Illinois seek Teamster representation
Tuesday, 21 Mar 2017 01:30pm EDT 

Teamsters:Teamsters says dockworkers at XPO Logistics in Aurora, Ill. filed for Teamster representation March 21.  Full Article

XPO Logistics Inc entered into a refinancing amendment
Monday, 13 Mar 2017 09:21am EDT 

XPO Logistics Inc : On March 10, 2017, XPO Logistics Inc entered into a refinancing amendment - sec filing . Outstanding $1.48 billion principal amount of term loans under term loan credit agreement replaced with $1.49 billion of new term loans . Proceeds from new term loans were used primarily to refinance existing term loans . Interest rate margin applicable to new term loans was reduced from 2.25% to 1.25%, in case of base rate loans . Reduction of xpo's cash interest expense in respect of loans outstanding under term loan credit agreement of about $15 million per year .New term loans will mature on October 30, 2021.  Full Article

XPO Logistics to refinance some outstanding term loans
Monday, 6 Mar 2017 04:54pm EST 

XPO Logistics Inc : XPO Logistics - intends to refinance term loans outstanding under its existing term loan credit agreement with new term loans issued under such agreement .XPO Logistics - terms of new term loans expected to be substantially similar to those relating to existing loans outstanding -sec filing.  Full Article

Teamsters says raised objections to XPO Logistics' proposed 2016 omnibus incentive compensation plan
Thursday, 1 Dec 2016 12:29pm EST 

Teamsters:In letter to xpo logistics' board, teamsters raised objections to co's proposed 2016 omnibus incentive compensation plan.  Full Article

Cafom announces partnership with XPO Logistics
Friday, 18 Nov 2016 01:11am EST 

Cafom SA :Cafom joins forces with XPO Logistics for the common distribution platform for Habitat, Vente-unique.com and Directlowcost.com.  Full Article

Transforce announces acquisition of North American truckload operation of XPO Logistics
Thursday, 27 Oct 2016 04:15pm EDT 

Transforce Inc - : Transforce announces the acquisition of the North American truckload operation of XPO logistics . Acquired business is expected to generate annual revenue of approximately US$530 million in 2016 . Acquired business is expected to generate annual ebitda, a non-IFRS measure of approximately US$115 million in 2016 . Acquisition provides company with annual u.s. TL run rate revenue of nearly US$850 million . Acquisition is partially financed with transforce's existing revolving credit facility and a new CA$500 million acquisition facility .Co's unit has acquired North American truckload operation of XPO Logistics, Inc.  Full Article

XPO Logistics announces pricing of $1.6 bln term loan credit facility
Wednesday, 17 Aug 2016 04:15pm EDT 

XPO Logistics Inc : Xpo Logistics announces pricing of $1.6 billion term loan credit facility . Term loan will be issued at par, will bear interest at a rate of LIBOR plus 3.25%, with a 1.0% LIBOR floor, maturing on October 30, 2021 . Says terms of new loan facility will otherwise be substantially consistent with term loan being replaced .Term loan will be issued at par, bear interest at a rate of LIBOR plus 3.25%, with a 1.0% LIBOR floor, maturing on October 30, 2021.  Full Article

XPO Logistics announces pricing of private offering of $535 mln 6.125 pct senior notes
Friday, 12 Aug 2016 08:19am EDT 

XPO Logistics Inc : XPO logistics announces pricing of private offering of $535 million 6.125 pct senior notes . Notes will bear interest at a rate of 6.125 pct payable semiannually .Pricing of its previously announced issuance of $535.0 million of senior notes due 2023.  Full Article

Xpo Logistics Q2 adjusted Non-GAAP shr $0.42 excluding items
Wednesday, 3 Aug 2016 04:15pm EDT 

Xpo Logistics Inc : Xpo logistics announces second quarter 2016 results . Xpo logistics inc q2 adjusted non-gaap shr $0.42 excluding items . Xpo logistics inc q2 shr $0.35 . Xpo logistics inc q2 shr view $0.20 -- thomson reuters i/b/e/s . Xpo logistics inc - raises 2016 financial targets . Xpo logistics inc - increased its 2016 target for adjusted ebitda to at least $1.265 bln, from $1.25 bln . Xpo logistics inc - increased 2016 target for free cash flow to at least $150 mln, from a range of $100 mln to $150 mln . Xpo logistics inc - reaffirmed its full year 2018 target of approximately $1.7 bln of ebitda . Xpo logistics inc - qtrly revenue $3,683.3 mln vs $1,215.9 mln .Xpo logistics inc q2 rev view $3.81 bln -- thomson reuters i/b/e/s.  Full Article

XPO Logistics Inc implements planned workforce reduction in less-than-truckload business
Friday, 29 Jan 2016 04:10pm EST 

XPO Logistics Inc:Implements planned workforce reduction in less-than-truckload business.Says cuts approximately 190 non-sales positions.Expects workforce reduction actions to reduce costs by more than $20 million annually.Sees targeted operating profit improvement of $170 million to $210 million over two years.About $50 million of expected annualized savings achieved in 3 months since the company acquired con-way on October 30, 2015.Says most of the reductions were in administrative, management and back office functions.Another 30 positions were eliminated in other parts of the company, primarily to address redundancies created by the acquisition.About 160 non-sales positions have been eliminated as the company continues to migrate to a more efficient ltl organization.  Full Article

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BRIEF-XPO Logistics Inc entered into a refinancing amendment

* On March 10, 2017, XPO Logistics Inc entered into a refinancing amendment - sec filing