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May 19, 2021
XPO announces new leadership team member XPO Logistics, Inc. (NYSE: XPO) today announced that Angus Tweedie has been appointed to the leadership team of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Tweedie will join XPO later this month and become senior vice president, strategy for GXO when the planned spin-off is complete. Working with Mark Manduca, GXO’s chief investment officer, Tweedie’s responsibilities will include analyzing growth opportunities for...
May 4, 2021
XPO Logistics Inc (XPO) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. XPO Logistics Inc (NYSE: XPO) Popular Searches Operator Welcome to the XPO Logistics First Quarter 2021 Earnings Conference Call and Webcast. My name is Melissa, and I will be your operator for todays call. [Operator Instructions]. Before the call begins, let me read a brief statement on behalf of the company regarding forward-looking st...
April 29, 2021
Staff Appointments and Departures Related to the Freight and Logistics Sectors Who Is Going Where in Shipping and Beyond WORLDWIDE – GERMANY – In preparation for its spin-off from Daimler AG and its independent listing on the Frankfurt stock exchange planned for late 2021, Daimler Truck AG is announcing the composition of its new Board of Management and a series of significant management and organisational changes, set to take place as of July 1. Daimler Truck AG is bringing together all es...
April 21, 2021
Share: The Daily Dash is a quick look at whats happening in the freight ecosystem. In todays edition, we highlight a potential railroad merger with implications for the trucking business, "not in my backyard" activists making their presence known and more. The High Five 1. A merger between Canadian railway CN and Kansas City Southern would create a formidable opponent for what should be the industrys largest threat: long-haul trucking, CN executives said in their pitch to acquire Kansas City So...
April 21, 2021
Business travel may never fully recover from COVID-19, analysts warn share this article 1 min With more than a billion vaccinations already administered against COVID-19, theres the tantalizing sense that we might soon return to our former traveling lives. In just the past few days, Greek Prime Minister Kyriakos Mitsotakis has said that his country would soon reopen for tourists, including Americans, and French President Emmanuel Macron told CBS News that France would allow vaccinated Americans...
April 20, 2021
New GXO chief investment officer named XPO Logistics, Inc. (NYSE: XPO) yesterday announced that Mark Manduca will become the chief investment officer of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Manduca has joined XPO as chief investment officer of the logistics segment, effective in May. He will be responsible for analysis of GXO’s growth opportunities, optimization of the company’s asset portfolio and oversight of its UK pension investments. Alongsid...
April 19, 2021
Press release content from Globe Newswire. The AP news staff was not involved in its creation. XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO Logistics Spin-Off XPO Logistics, Inc.April 19, 2021 GMT GREENWICH, Conn., April 19, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that Mark Manduca will become the chief investment officer of GXO Logistics, Inc., the intended spin-off of XPO’s logistics business. Manduca has joined XPO as chief in...
February 13, 2021
The boss of British Airways has urged Boris Johnson to commit to lifting the tough restrictions on international travel to save the summer holiday season. In a letter sent to the Prime Minister on Friday, BAs chief executive, Sean Doyle, blasted the Governments uncertainty and mixed messaging over whether summer holidays are possible this year. He urged Johnson to set out a timetable for restarting travel – now that around 15million Britons have been vaccinated. Appeal: BAs Sean Doyle,...
February 1, 2021
3 Min Read DUBLIN (Reuters) -Ryanair expects a record loss of close to 1 billion euros ($1.2 billion) in the year to March 31 before what Chief Executive Michael O’Leary says will be a “dramatic recovery” later in the year thanks to COVID-19 vaccination programmes. The Irish low-cost airline, Europe’s largest, forecast a loss between 850 million and 950 million euros in its current financial year - about five times larger than its previous record loss in 2009. But O’Leary told an inve...
February 1, 2021
The low-cost airline reports £269 million of loss in the third quarter. The Irish budget air carrier says its revenue slid 82% in fiscal Q3. Ryanair Holdings plc (LON: RYA) said on Monday that the ongoing COVID-19 restrictions are likely to translate into a record £749 million to £837 million of loss this year. But CEO Michael O’Leary expressed confidence that vaccination against the novel flu-like virus will resume demand for air travel this summer, resulting in a dramatic recovery. Ryana...