Benzinga | Jan 18, 2022 07:24AM EST

XPO Logistics Announces Expansion Of Less-Than-Truckload Network With New Terminals, Maintenance Shops And Trailer Manufacturing Capacity

XPO Logistics, Inc. (NYSE:XPO), a leading provider of freight transportation services, today announced the opening of two less-than-truckload (LTL) terminals to increase customer service capacity in its North American network. In addition, the company increased production capacity at its trailer manufacturing facility, and will open four more fleet maintenance shops this quarter.

The announcement marks the latest progress in XPO's previously announced plan to drive growth and efficiencies in its North American LTL network. In October 2021, the company opened a 264-door terminal in Chicago Heights, Illinois, and initiated actions to enhance freight flows in the face of increasing demand. In the current quarter, XPO's LTL investments include:

* 26 new doors at a cross-dock terminal in Sheboygan, Wisconsin;

* 24 new doors at a cross-dock terminal in Texarkana, Arkansas;

* New fleet maintenance shops at terminals in Ohio, Florida, New York and Nevada; and

* Equipment upgrades to the company's LTL trailer manufacturing facility in Searcy, Arkansas, with the expectation of nearly doubling the year-over-year number of units produced in 2022.

Mario Harik, acting president, less-than-truckload, and chief information officer of XPO Logistics, said, "The strategic actions we initiated in the fourth quarter began showing results in a matter of weeks, giving us good traction for the execution of our plan in 2022. Our investments in this high-ROIC business will benefit customers across our national LTL platform."