GlobeNewswire Inc | Jul 6, 2021 06:30AM EDT

July 06, 2021

GREENWICH, Conn., July 06, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the incoming leadership team of GXO Logistics will host a virtual Investor Day on Tuesday, July 13, 2021, from 9:00 to 11:00 a.m. Eastern Daylight Time. GXO is XPOs planned spin-off of its global logistics segment.

The Investor Day agenda will include managements discussion of GXOs investment highlights, operations, technology, financial performance and growth prospects, as well as a Q&A session. Presenting on behalf of GXO will be:

-- Brad Jacobs, chairman -- Malcolm Wilson, chief executive officer -- Baris Oran, chief financial officer -- Mark Manduca, chief investment officer -- Bill Fraine, chief commercial officer -- Richard Cawston, president, Europe -- Eduardo Pelleissone, president, North America and Asia -- Gavin Williams, president, UK and Ireland -- With additional executives participating in Q&A

Investor Day WebcastInterested parties can access GXOs Investor Day webcast on the day of the event through the investor relations area of GXOs website at gxo.com/investors.

About the GXO Spin-OffXPO expects to spin off its logistics segment in the third quarter of 2021, 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 largest pure-play contract logistics provider in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. Completion of the spin-off is subject to various conditions, and there can be no assurance that the transaction will occur or, if it does occur, of its terms or timing. Visit gxo.com for more information.

About XPO LogisticsXPO 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 companys corporate headquarters are in Greenwich, Conn., USA. Visitxpo.comfor more information, and connect with XPO onFacebook,Twitter,LinkedIn,InstagramandYouTube.

Forward-looking StatementsThis press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including the statements above regarding plans, benefits and timing of the contemplated spin-off transaction.

Investor Contacts

Tavio Headley+1-203-413-4006tavio.headley@xpo.com

Angus Tweedie+44 (0) 7841-53-06-00angus.tweedie@xpo.com

Media Contacts

Joe Checkler+1-203-423-2098joe.checkler@xpo.com

Anne Lafourcade +33 (0)6 75 22 52 90anne.lafourcade@xpo.com