- Identified by Fortune as positioned for breakout growth
XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has been named to the Fortune Future 50 list of US public companies best positioned for breakout growth. This is the first year that XPO has earned a place on the list, joining Amazon, Netflix, Salesforce and other market innovators.
Bradley Jacobs, chief executive officer of XPO Logistics, said, “We’re honored to be selected as a Fortune Future 50 company – it speaks to our ability to achieve phenomenal long-term growth. The criteria that Fortune set for this list include many vital attributes, such as clarity of vision, agility and investments in technology. These are core strengths of XPO. We’re growing rapidly in a $1 trillion addressable market and intend to vastly increase our current 2% share.”
The Fortune Future 50 methodology weighs 17 predictive factors in the areas of strategy, structure, technology and people. Among these factors are a company’s board composition, its environmental, social and governance standards, and the share of managers and employees who are female. Fortune’s algorithms utilize artificial intelligence to assess a company’s expected future growth and its capacity to deliver that growth.
Earlier this year, XPO earned spot number 67 on Fortune’s list of the largest US employers. The company ranks as number 186 on the Fortune 500 list of the top US companies by revenue.
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.