Friday, February 5, 2016

XPO Logistics Closes Seven Truck Terminals



Company extends cost-reduction effort at former Con-way Freight operation by shutting service centers in remote locations
An XPO Logistics less-than-truckload truck. PHOTO: XPO LOGISTICS INC.
By 
PAUL PAGE
Feb. 4, 2016 1:41 p.m. ET
0 COMMENTS
XPO Logistics Inc. has closed seven freight terminals in the former Con-way Inc. trucking network, extending cost reductions at the business it acquired last fall.
The shutdowns in what XPO said were remote locations follow the elimination of 190 jobs last week in what the company said were back-office areas of the former Con-way Freight less-than-truckload operation, which sells delivery services on trucks for multiple customers.
“We’re continuing to migrate to a more efficient LTL organization, with better network efficiency and greater utilization of our capacity,” XPO said in a statement. “As part of our planned restructuring, we decided to close seven service centers in remote areas without exiting any markets.”
The company declined to identify the locations of the closed terminals.
XPO said shipments from the customers near the sites would be processed through other, larger facilities, making those operations more efficient. “All of our LTL customers have continuity of service during the transition,” the company said.
The $3 billion Con-way purchase completed last October capped a rapid series of acquisitions in recent years that have built XPO into a $14 billion operation. XPO Chairman and Chief Executive Bradley Jacobs has said the company is taking a break from its buying spree to focus on integrating the businesses it acquired last year, including Con-way and French trucker Norbert Dentressangle.

Shares in XPO, which reports full-year 2015 earnings on Feb. 23, were up more than 11% in trading Thursday, to $24.24.
Write to Paul Page at paul.page@wsj.com

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15 comments:

  1. ulx union yesFebruary 6, 2016 at 7:40 PM

    remember people the reason why need union is because we want to stop the violating seniority, unfair productivity standards, favoritism, harassment by management,job security, higher wages, 8 guaranteed hours,affordable health benefits,seniority rights, bad work rules. yes union

    ReplyDelete
  2. franciscoFebruary 6, 2016 at 9:25 PM

    Claro si unión

    ReplyDelete
  3. AnonymousFebruary 8, 2016 at 9:13 AM

    Lumberton?!?!

    ReplyDelete
    Replies
    1. Conway/XPO EmployeesFebruary 8, 2016 at 9:31 AM

      Did lumberto,nc closed?

      Delete
    2. AnonymousFebruary 12, 2016 at 4:29 AM

      NO BUT 11 PEOPLE WERE LAID OFF. ALL DOCKWORKERS AND 5 DRIVERS. MORE TO COME SOON. THEY ARE RIDDING DRIVERS LEFT AND RIGHT.

      Delete
  4. AnonymousFebruary 9, 2016 at 4:23 PM

    Really funny they cut out "190 back office jobs" that were really operations essential positions.

    Extra funny that they kept all the management that takes naps, extra-curricular affairs(sleepig around on the job), and provides 0 management functions during their 6-7 work days.

    ReplyDelete
  5. AnonymousFebruary 9, 2016 at 5:32 PM

    Driver layoffs!

    ReplyDelete
  6. AnonymousFebruary 10, 2016 at 7:36 AM

    Drivers layoff,what about supervisores???did you know any superviser?

    ReplyDelete
  7. AnonymousFebruary 15, 2016 at 8:56 AM

    PEOPLE THE REASON HE'S NOT SELLING TRUCK-LOAD FOR NOW!! IS SIMPLE BECAUSE OF THE IN AND OUT OF MEXICO AND THE MONEY THAT IT GENERATES OR UNTIL THE CONTRACT RUNS OUT, DON'T KID YOURSELFS HE WILL SELL IT TO GET ALL HIS MONEY BACK AND MORE UNTIL THEN HE WILL KEEP IT.AT LEAST THAT'S WHAT I WOULD DO?
    TO PREDICT THE FUTURE WOULD BE IMPOSSIBLE BUT TO PREDICT THE SALE OF A PART COMPANY THAT YOU HAVE THAT YOUR NOT GOING TO NEED BECAUSE YOU ALREADY HAVE ONE, IS POSSIBLY PREDICTABLE? I MEAN WHY WOULD YOU NEED 2 TRUCK- LOADS IN THE 1ST PLACE. AND IT'S JUST A MATTER OF TIME BEFORE HE STARTS CUTTING WASTE AGAIN.

    ReplyDelete
  8. AnonymousFebruary 21, 2016 at 7:18 PM

    JUST A REMINDER LADIES AND GENTLEMEN IT'S NOT A BLACK OR WHITE THING PEOPLE !!!IT'S ABOUT THE IGNORANCE THAT LIES WITH-IN YOURSELVES HAVING ( UNION REPRESENTATION )
    OR A CONTRACT IS JOB SECURITY MY FRIENDS I DARE YOU TO GO ASK YOUR TOP EXECUTIVES
    HOW DOES IT FEEL TO HAVE A CONTRACT!! AND SEE WHAT THEY SAY TO YOU?.
    ! NOOOOO ! PEOPLE THE FIGHT IS NOT AGAINST EACH OTHER, OR TO OUR BROTHERS OR SISTERS,
    THE FIGHT IS AGAINST THE COMPANY'S OR THE CORPORATION'S !! BUT LIKE I SAID YOU WILL HAVE IGNORANT AND STUPID PEOPLE ( CUTTING THEIR NOSE TO SPITE THEIR FACES } INSTEAD OF FIGHTING AGAINST THE COMPANY THEIR IGNORANCE IS FIGHTING AMONG THEIR CO-WORKERS
    BECAUSE THEY HAVEN'T GOT A DROP OF COMMON MADA-F*******KEN SCENE TO EXCEL OUT OF THEIR OWN HOLE!!! AND UNTIL THEY DO, THEY WILL BE CUTTING THEIR OWN,
    F****KEN THROATS !!! SO LITTLE DO THEY REALIZE THEY CAN HAVE IT BETTER, BUT LIKE I SAID THEIR IGNORANT. GOOD LUCK ALL YOU PEOPLE THAT JUST WANT TO COME IN TO WORK AND NOT EXCEL OR TRY TO HAVE MORE OUT OF YOUR JOB OR COMPANY.
    PS; I'LL TELL YOU A STORY 2YRS FROM NOW? OR MAYBE YOU'LL SEE IT SOONER THEN YOU THINK GOOD LUCK TO ALL.

    ReplyDelete
  9. AnonymousFebruary 22, 2016 at 5:12 PM

    HEY WITH THAT $.50 RAISE NOW ALL YOU ASS KISSERS CAN KISS XPO'S ASS OR MAYBE THEY BOUGHT MOST OF THE WEAK MINDS WITH $.50 CENT YET THEIR CUTTING EDGE AND GETTING RID OF PERSONAL AND CLOSING TERMINALS, BUT YET BRAD JACOBS HAS THE AUDACITY TO BUY HIS EMPLOYEES WITH .50 CENTS.
    HEY MR JACOBS HOW ABOUT GIVING US A $2.00 RAISE SO WE WON'T HAVE TO VOTE FOR UNION REPRESENTATION.
    OH WE'RE SORRY WE, YOU BOUGHT THEM FOR $.50 CENTS THAT'S RIGHT THAT WHY MR JACOBS IS FILTHY RICH. AND ALL OF YOU ARE IGNORENT PEASANTS.
    GOOD LUCK WITH YOUR $.50 CENT RAISES.

    ReplyDelete
  10. AnonymousFebruary 23, 2016 at 7:42 PM

    Perhaps previous XPO management should be asking the workers "who" is worthy of sticking around and actually make contributions for the company good. However, they seem to leave the staff retention and reduction recommendations to the very managers who did little to contribute to better operations. How could they contribute while busy playing Candy Crush, Trivia,or sitting behind closed doors texting and talking on their cell phones.

    ReplyDelete
    Replies
    1. AnonymousMarch 28, 2016 at 7:59 AM

      Nail on the head right there.

      Delete
  11. AnonymousFebruary 24, 2016 at 3:57 AM

    😃😥 he's a family man remember

    ReplyDelete
  12. AnonymousOctober 26, 2018 at 8:39 PM

    Keep this going please, great job!

    ReplyDelete