![]() The company expects to complete the planned spin-off in the fourth quarter of 2022, subject to various conditions, including the effectiveness of a Form 10 registration statement, receipt of a tax opinion from counsel, the refinancing of XPO’s debt on terms satisfactory to the XPO board of directors, and final approval by the XPO board of directors, among other requirements. We believe that by separating these businesses through a spin-off, we can significantly enhance value creation for our customers, employees and shareholders, as we did with our successful spin-off of GXO last year.” In North America, the company is currently under an exclusivity agreement in connection with a potential sale of its intermodal business, which provides rail brokerage and drayage services.īrad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Our two core businesses of North American less-than-truckload and tech-enabled truck brokerage are industry-leading platforms in their own right, each with a distinct operating model and a high return on invested capital. The company plans to divest its European business through either a sale or a listing on a European stock exchange. The corporate headquarters are expected to be in Greenwich, Connecticut. The standalone business would have a singular focus on enhancing the growth and profitability of its national network for the benefit of its stakeholders. Upon completion of the spin-off, XPO’s North American LTL segment would be a pure-play LTL industry leader - the third largest provider of domestic and cross-border LTL freight shipping, with a competitively advantaged network of transportation assets managed by proprietary technology.The corporate headquarters are expected to be in Charlotte, North Carolina. The spin-off would be a leading platform for tech-enabled truck brokerage services in North America, with a long track record of industry-best revenue and margin growth, a highly efficient digital freight marketplace and access to vast truckload capacity, with complementary, asset-light offerings for last mile logistics, managed transportation and global forwarding.The planned spin-off transaction is intended to be tax-free to XPO shareholders and would create two focused, publicly traded companies at the top of their industries: XPO intends to separate its tech-enabled brokered transportation services from its less-than-truckload (LTL) business in North America and intends to divest its European business and North American intermodal operation. (NYSE: XPO) today announced that its board of directors, after a thorough examination of strategic alternatives, has approved a plan that the board believes is the optimal path to unlock value for XPO stakeholders. GREENWICH, Conn., Ma(GLOBE NEWSWIRE) - XPO Logistics, Inc. Coupa refers to this process as SAN: Supplier Actionable Notification.Spin-off of brokered transportation services to XPO shareholders would transform the remaining business into a pure-play less-than-truckload companyĭivestitures of XPO’s European business and North American intermodal operation would simplify the company’s transportation service offering You may choose to receive purchase orders and submit invoices via your regular email, without registering with the Coupa Supplier Portal. Log into the portal to view purchase orders and submit invoices electronically. If you choose this channel, you’ll receive an email invitation from XPO with a registration link. When using cXML, you’ll submit your invoice information in the Invoice Detail Request cXML format, posting the file directly to Coupa via HTTP. cXML is suitable for suppliers with high volumes of purchase orders or those that automate purchase order handling. If your goods or services are available online, cXML is typically the best way to receive purchase orders. XPO and its supplier network must comply with all applicable laws and regulations, and abide by the requirements of 41 CFR §§ 60-1.4(A), 60-300.5(A) and 60-741.5(A). XPO‘s standard payment terms are net 90 days. ![]() ![]() Regardless of your choice, you will not be charged a fee. If you do not have large numbers of transactions with us, however, you can choose to conduct business via email.Īfter reviewing your options, please contact your XPO representative and let us know your preferred channel. In most instances, the preferred methods are cXML and CSP – these are Coupa channels that will streamline the process. There are three ways you can interact with XPO for purchase orders and invoices. Coupa simplifies workflows and communication while facilitating timely payments and greater visibility. XPO is now interacting with its suppliers through Coupa, our Procure to Pay (P2P) tool of choice. ![]()
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