XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, today issued the following statement:
Today's report from a short selling firm is intentionally misleading, with significant inaccuracies, and fails to reflect that XPO has delivered strong performance for its long-term shareholders. The facts demonstrate that the short seller's claims, most of which have been previously floated and refuted, are largely baseless and an attempt to string together unrelated pieces of incorrect information to paint an inaccurate impression of the company. Of particular note, our accounting practices are based on Generally Accepted Accounting Principles and are audited annually and reviewed quarterly by our independent auditors.
XPO's long-term financial outlook remains positive. We will communicate directly with our investors and customers regarding this short seller's report.