About this episode
Why XPO is Spinning Off GXO with Mark Manduca Mark Manduca and Joe Lynch discuss why XPO is spinning off GXO . Mark is the Chief Investment Officer of XPO which is leader in logistics, brokerage and LTL. About Mark Manduca Mark Manduca currently serves as the Chief Investment Officer of XPO 's global logistics segment. His career as a top-ranked analyst spans senior positions with leading investment banks, including Citigroup in London, where he served as managing director in equity research and led transport research activities. Earlier, he spent eight years with Bank of America Merrill Lynch, where he led the business services, leisure and transport research teams. Prior to XPO , Manduca consistently led the top-ranked European transport research teams for close to a decade, as determined by Institutional Investor. In 2020, he received the most votes individually across all sectors and regions in the European Institutional Investor survey and was named the No. 1 European transport research analyst for the eighth consecutive year. About XPO Logistics XPO Logistics, Inc. (NYSE: XPO ) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics. The company helps more than 50,000 customers manage their supply chains most efficiently, using a network of 1,621 locations in 30 countries and approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers. The company's corporate headquarters are in Greenwich, Conn., USA. About the GXO spin-off XPO intends to spin off its logistics segment on August 2, 2021 as GXO Logistics, creating two, pure-play industry powerhouses. The separation would create independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO would be the largest pure-play contract logistics company in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. Key Takeaways: Why XPO is Spinning Off GXO In the podcast interview, GXO 's Chief Investment Officer, Mark Manduca explains why XPO is spinning off GXO . XPO Logistics is an American transportation and contract logistics company that manages supply chains for 50,000 customers worldwide, including 69 of the Fortune 100. It operates in 30 countries, with approximately 100,000 employees. XPO Logistics, Inc. was the 7th best-performing stock of the last decade on the Fortune 500, with its share price rising more than 1,000% from the time its CEO, Brad Jacobs, took control. XPO's corporate headquarters are in Greenwich, Connecticut, U.S. Its regional headquarters for the European markets are in Lyon, France. XPO is spinning off GXO on August 2nd thus creating two pure-play industry powerhouses. The separation would create two independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO would be the second largest contract logistics company in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation, and truck brokerage. Learn More About Why XPO is Spinning Off GXO Mark Manduca GXO XPO The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google , Apple , Castbox , Spotify , Stitcher , PlayerFM , Tunein , Podbean , Owltail , Libsyn , Overcast Check out The Logistics of Logistics on Youtube