Xpo breaks ground on new service center in central florida
Greenwich, conn. , oct. 26, 2023 (globe newswire) -- xpo (nyse: xpo), a leading provider of freight transportation in north america, announced today that it has broken ground on a new service center in lakeland, florida. this project marks another important milestone in the implementation of the company's previously announced plan to grow capacity in its north american network with the addition of 900 net new doors nationally by the first quarter of 2024. this 31,713 square-foot facility is being constructed on approximately eight acres of property near interstate 4 and commonwealth avenue. the new service center is expected to open for business in the second quarter of 2024, bringing 60 doors to the thriving i-4 corridor including tampa, orlando and lakeland. dave bates, chief operating officer of xpo, said, “we're excited to expand our footprint in the dynamic central florida region, as we continue to grow capacity in strategic markets where we expect strong long-term demand.this new service center in lakeland will greatly benefit our customers and provide best-in-class freight transportation service to businesses across the state. it also allows us to support the local community with well-paying jobs.” when completed, the company expects to employ approximately 75 people in the lakeland service center. currently, xpo employs nearly 640 people across ten service centers in florida. about xpo xpo, inc. (nyse: xpo) is one of the largest providers of asset-based less-than-truckload (ltl) transportation in north america, with proprietary technology that moves goods efficiently through its network. together with its business in europe, xpo serves approximately 49,000 customers with 562 locations and 37,000 employees. the company is headquartered in greenwich, conn., usa. visit xpo.com for more information, and connect with xpo on facebook , x , linkedin , instagram and youtube .
XPO Ratings Summary
XPO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission