Featured in The Wall Street Transcript’s Best CEO Interviews of 2015
Bradley S. Jacobs, CEO & Chairman of XPO Logistics Inc (XPO), interviewed with TWST for the Transportation & Logistics report.
In this interview, Jacobs discussed XPO‘s performance up to date, which grew more than eightfold since 2011:
We’ve grown both organically and through acquisitions. Since you and I last spoke in September of 2013, we’ve grown a lot. Every quarter since we started XPO, we’ve grown the business. Now, we have leading positions in some of the fastest-expanding areas of our industry.
In the last 22 months alone, we’ve become the largest manager of expedite shipments, and gained leading positions in intermodal and technology-enabled logistics in North America. We added to our e-commerce network in last mile. In June, we expanded our drayage capacity. And most recently, of course, we took XPO to the next level as a global player.
Jacobs also discussed XPO‘s technology:
With respect to IT, we have a global team of approximately 1,000 IT professionals who understand how to drive innovation for the benefit of our customers. Our IT budget this year is around $225 million with over 200 projects under development. That’s more money than most logistics companies in the world spend on IT.
Our proprietary technology is a huge differentiator for us. Our Freight Optimizer system is used across the board in our brokerage operations in North America. The algorithms in this system help us efficiently match our customer’s freight to the right truck. Soon, we’ll be rolling this technology out in Europe to supercharge our brokerage business there.
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