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XPO Logistics, RXO Spin-Off Recognized for Innovation, Tech Upgrades
Freight transportation services provider XPO Logistics and its planned spin-off, RXO, were both named to the 2023 FreightTech 100 list by FreightWaves, a major supply chain trade publication.
The FreightTech 100 list recognizes the most innovative companies in the transportation industry.
Mario Harik, XPO’s chief information officer and incoming CEO said, “We’ve spent more than $3 billion on technology over the last 11 years to ensure we’re helping our customers move goods through their supply chains as efficiently as possible. We’re honored to be recognized by FreightWaves for our technological innovation as we move XPO closer to becoming a pure-play less-than-truckload business.”
RXO, the company’s brokered transportation business, will be spun off from XPO by the end of the fourth quarter.
“Cutting-edge technology is at the core of RXO’s mission to keep customers ahead of the marketplace,” said Drew Wilkerson, XPO’s president, North American transportation and incoming RXO CEO. “We’re thrilled to receive this first recognition from FreightWaves under the new spin-off brand as we prepare to create a standalone brokered transportation leader with rapid growth potential.”
More than 1,500 nominations were submitted for the 2023 FreightTech 100. In November, the winners will be narrowed down to the FreightTech 25, which recognizes the industry’s most disruptive companies.