Forbes ranks Greenwich’s XPO as top U.S. company
Published 1:49 pm, Thursday, October 12, 2017
It’s been a good year for global transportation logistics company XPO, which is headquartered in Greenwich.
Its latest bit of favorable news includes Forbes ranking it as the top-performing U.S. public company on its annual Global 2000 list, which was published this week.
Measured by the logistics company’s annual growth in sales, profits, assets and market value, XPO was slotted as the top in the U.S. and eighth worldwide. Forbes’ attributed its success, in part, to the “boom in e-commerce” that’s helped almost double XPO’s revenues between 2015 and 2016.
“We’re honored to be recognized by the Forbes Global 2000 as the U.S. leader among the world’s top brands,” XPO Chief Operating Officer Troy Cooper said in a media statement.
“Our goal is to always be the best at what we do, and the growth follows. This ranking is a testament to the passion we have for continuously building value for our customers, employees and investors.”
XPO has collected numerous accolades and recognitions in the past two years including being named as one of America’s best employers for 2017 in another Forbes ranking and distinction this year as the 191st largest company in Fortune 500’s ranking of biggest companies by total annual revenue.
If things stay on track for XPO chief executive Bradley Jacobs, more growth is on the horizon for the company that he’s nurtured since it was $175-million-a-year business in 2012, per a Bloomberg report.
Earlier this summer, XPO announced a public offering of 11 million shares of common stock, which analysts rightly predicted signaled impending growth. Following the the company’s second quarter earnings report, Jacobs shared plans to get back to making deals after a two-year reprieve.
“Now, our integration activities are winding down and we have the management time available to us to go back to the acquisition market,” Jacobs said in an August interview.
In September, XPO announced it would deliver on another of its stated plans: increasing its last-mile footprint by adding service hubs. By the end of 2018, the company will have nearly doubled its last-mile footprint.
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