As job culls spill over into the less-than-truckload (LTL) sector, XPO is on a trimming mission that aims to generate annual savings of more than $50m in labour costs.
Other LTL firms have reduced their investment plans for the year in response to uncertainty when the market will see a recovery.
According to chief strategy officer Ali Faghri, XPO’s head count shrank about 1% from Q4 22 to the first quarter of …
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