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Stock impact report

XPO Logistics Expands Support of Cainiao with Digital Management of Truckload Transport in Spain for AliExpress

XPO, Inc. (XPO) 
Last xpo, inc. earnings: 2/10 04:15 pm Check Earnings Report
US:NYSE Investor Relations: xpo.com/investors
Company Research Source: GlobeNewswire
GREENWICH, Conn. , Oct. 20, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, a leading provider of freight transportation services, has announced the expansion of its relationship with Cainiao Network, the logistics arm of Alibaba Group. XPO has provided Cainiao with full truckload transport services in Spain for the last two years, supporting the delivery of e-commerce parcels of AliExpress, the global marketplace of Alibaba Group. Under the new agreement, XPO will use its extensive experience with omnichannel supply chains to help Cainiao optimize operations, utilizing the XPO Connect digital transport platform to enhance visibility, efficiency and sustainability. Massimo Marsili, managing director – Southern Europe and Morocco, XPO Logistics, said, “It’s a source of pride for our XPO team that Cainiao trusts us to provide critical transport services. Together, we’re supporting their sales growth and environmental objectives, in preparation for the fast-approaching peak season.” Show less Read more
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