XPO Logistics, Inc. announced on Jan. 29 that it announced 190 positions will be cut in its less-than-truckload (LTL) business. The company acquired the business from Con-way Inc.
XPO Logistics, the Connecticut-based corporation that bought Con-way last year, is facing a class action lawsuit claiming three of its trucking subsidiaries misclassified drivers as independent contractors, according to Los Angeles Superior Court documents.
More than a month after XPO announced its plan to acquire Con-way for $3 billion, the logistics company has confirmed that it is a done deal, according to an XPO press release. The deal makes XPO the second largest less-than-truckload provider in North America.
Workers from California Cartage, a warehouse at the Port of L.A., have joined striking truckers who drive for Pacific 9 Transportation and XPO Logistics, creating the potential for disruption at two key links in the cargo supply chain.
LYON, FRANCE - European food retail and supply chain transportation, logistics, and freight forwarding company Norbert Dentressangle has just been purchased by XPO Logistics for €3.24 billion ($3.53 billion).
“I can’t help but wonder if the reason that XPO has enough cash on hand to buy another company for $3.5 Billion isn’t because they are avoiding business expenses like payroll taxes and equipment maintenance by misclassifying us as independent contractors.”