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Malcolm Wilson, currently chief executive officer of XPO Logistics Europe, will become CEO of the spinoff’s global business.
The Greenwich firm intends to structure the spinoff as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.
"It's important that our employees have a sense of belonging," said Jacobs.
Ray Dalio and Steven Cohen led the Connecticut billionaires' brigade in the latest Forbes magazine annual ranking of the wealthiest 400 Americans. Dalio, co-founder of...
Earlier in her career, she was senior human resources manager at Delta Airlines.
Even Vince McMahon grew richer, despite problems with his WWE and XFL endeavors.
Bradley Jacobs, chairman and CEO of Greenwich-headquartered XPO Logistics, issued an open invitation for members of the LGBT demographic to seek out employment at...
The Greenwich transportation titan has not determined which, if any, business units could be sold or spun off, but noted its North American less-than-truckload unit is off the table.
Regeneron Pharmaceuticals in Tarrytown was the top-rated Westchester firm, while XPO Logistics of Greenwich was the highest-ranked Fairfield County operation.
“All the wins that we have gotten are driven by technology innovations,” the Greenwich firm's CEO Bradley Jacobs told CNBC soon after its third-quarter results were released.
Improvements in energy use and efficiency, as well as employee benefits, are highlighted.
In addition, the Greenwich firm has appointed Marlene Colucci as a new independent director.
The nation’s wealthiest person, according to Forbes, is Amazon Founder, Chairman and CEO Jeff Bezos, with a net worth of $160 billion.
Greenwich freight services provider XPO Logistics Inc. announced Feb. 12 that it has acquired East Coast Air Charter (ECAC) Inc., which specializes in air charter brokerage, for $9.25 million.