XPO Logistics Announces Drive for Success Scholarship Program for Professional Drivers

  • Tuition reimbursement of up to $5,000 extends to qualified training school graduates that have already earned a CDL-A

XPO Logistics (NYSE: XPO), a leading global provider of transportation and logistics solutions, today announced a new national scholarship program for professional driver trainees. The Drive for Success program will provide tuition reimbursement of up to $5,000 for individuals that attain their Class A commercial driver’s license (CDL-A) and drive for XPO. The company employs over 12,000 drivers as one of the largest less-than-truckload (LTL) carriers in North America.

Kenny Wagers, XPO Logistics chief operating officer and interim president, LTL in North America, said, “We’re partnering with quality driver schools in the US to extend the financial support already available to trainees at our XPO driver schools. A CDL-A license is a major accomplishment – it leads to rewarding careers for best-in-class drivers at XPO. We want to support our drivers’ goals right from the start."

Drive for Success offers commercial driver trainees up to $5,000 in tuition reimbursement if they attend an approved third-party driver school, earn their CDL-A license and drive for XPO. The program expands on the company’s commitment to tuition-free training at its 114 XPO driver training schools in North America.

Forward-looking Statements

This press release includes forward-looking statements within the meaning of United States federal securities law. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. All forward-looking statements set forth in this press release are qualified by factors that might cause or contribute to a material difference in actual results, as discussed in XPO's filings with the U.S. Securities and Exchange Commission and linked to the investor relations section of the company's website, www.xpo.com, including: economic conditions generally; competition; XPO’s ability to match its investments in equipment, service centers and warehouses with customer demand; XPO’s ability to attract and retain key employees; and XPO’s ability to develop and implement a suitable information technology system. Forward-looking statements set forth in this press release speak only as of the date hereof, and XPO undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.