Poor exchange rates negated turnover growth in the UK division of XPO Logistics, according to the group’s 2016 figures. The former Norbert Dentressengle’s UK operation recorded turnover of €1.53m (£1.29m); a 1.7% drop compared to 2015’s €1.55m. However the group said that turnover in the UK had actually grown, and said at a constant exchange rate its turnover would be up 11%. Reporting to investors in the US, it noted that organic growth in XPO’s Logistics division had been offset […]
General Motors has extended its long-standing relationship with XPO Logistics with a three year renewal of its Vauxhall contract.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
XPO Logistics has secured a new long-term reverse logistics contract with supermarket retailer Asda Walmart, after delivering a number of cost-cutting innovations.