xpo

XPO Logistics, Inc. (NYSE Amex: XPO) is a premium third-party logistics (3PL) provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations.

XPO’s suite of premium logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and premium truckload brokerage services through Bounce Logistics, Inc. XPO’s compatible divisions share the same values in providing first-class service through a results-driven workforce. XPO customers have access to a comprehensive suite of premium logistics services, while leveraging integrated networks, systems, skill sets and industry expertise. All three divisions are SmartWay Transport partners, demonstrating company-wide commitment to environmentally friendly operations.

Bradley Jacobs becomes Chairman and CEO of former Express-1 Expedited Solutions

XPO Logistics, Inc. completed the previously announced equity investment led by Jacobs Private Equity, LLC. Under the terms of the transaction, Jacobs Private Equity and minority co-investors will invest an aggregate of up to $150 million in cash in the Company, including an investment by Jacobs Private Equity of up to $135 million, in each case including amounts payable upon exercise of warrants.

Upon closing, Bradley Jacobs, managing director of Jacobs Private Equity, became the chairman of the Company’s new board of directors, which is comprised of G. Chris Andersen, Michael Jesselson, Adrian Kingshott, James Martell, Jason Papastavrou and Oren Shaffer. Jacobs will also serve as chief executive officer.

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The transaction received stockholder approval by vote on September 1, 2011. Additionally, stockholders approved the Company’s new name of XPO Logistics, Inc. (formerly Express-1 Expedited Solutions, Inc.), effective immediately. The stock will continue to trade under the symbol XPO.

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