Greenwich-headquartered XPO Logistics Inc. has announced the name of the planned spinoff of its tech-enabled brokerage platform will be RXO.
RXO will go forth with the tagline “Massive capacity. Cutting-edge technology.” The company”™s website, RXO.com, is now online.
“Our spinoff now has a name ”“ RXO ”“ bringing it one step closer to becoming a standalone industry leader,” said Brad Jacobs, chairman and CEO of XPO Logistics. “Our best-in-class truck brokerage business will be the keystone of RXO”™s asset-light platform, poised to continue to take share of a growing market.”
Drew Wilkerson, XPO”™s president of North American transportation and the new CEO of RXO, added, “The new brand embodies our competitive positioning of reliable outperformance, propelled by multiple tailwinds. RXO will launch with a widely adopted digital platform that gives shippers and carriers the automation they demand. I”™m excited to lead our team to even greater achievements as a tech-enabled pure-play.”
