2024 Growth Outlook Positive Thanks to Yellow's Share Gains and Favorable Pricing
XPO got its start in mid-2011, when entrepreneur Brad Jacobs led an equity investment in expedited freight brokerage firm Express-1 Expedited Solutions. Jacobs launched an acquisition strategy targeting the asset-light US highway brokerage industry. By mid-2013, XPO's deal focus evolved beyond truck brokerage into heavy-goods last-mile delivery, intermodal, and global contract logistics. Then in 2015, XPO jumped into the asset-based trucking landscape with the acquisition of less-than-truckload carrier Con-Way.