ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

RXO Celebrates Grand Opening of Laredo Cross-Border Facility

By: via Business Wire

Stationed in a prime position near the U.S.-Mexico border, new warehousing and distribution center will support customers’ nearshoring needs

RXO (NYSE: RXO) today celebrated the official grand opening of the company’s new cross-border facility in Laredo, Texas. Spanning 127,000 square feet, the new warehousing and distribution services site sits at the center of the nearshoring movement – at the border between the United States and Mexico. This premium location and the end-to-end cross-border solutions offered through the facility will help streamline supply chains for RXO’s blue-chip customer base.

Drew Wilkerson, chief executive officer of RXO, said, “We’re proud to officially unveil our new cross-border warehousing and services center in Laredo. With the sharp uptick in demand for nearshoring, this state-of-the art facility – situated in a prime location near the border – delivers additional value to RXO customers across many industries.”

The new facility provides shippers with direct highway access to the World Trade Bridge, the largest inland port of entry in the U.S. The proximity to the border will reduce customers’ transit times and save money. RXO also offers warehousing and customs brokerage services to help with timely crossings. RXO’s Laredo site features 43 dock doors, parking for 160 trailers and top-tier security features. All services offered at the site are integrated with RXO’s best-in-class technology, including its RXO Connect™ platform.

RXO is CTPAT (Customs Trade Partnership Against Terrorism) certified, which allows for faster and more secure trade lanes between Mexico and the U.S. and reduces inspections and fees for RXO customers. The Laredo facility operations are aligned to U.S. and Mexico customs hours and offer cross-border, intra-Mexico, regional and local and long-haul transport options.

RXO’s total investment in the site, including facility and people costs, will be more than $30 million over the next 10 years, and the site employs more than 25 people.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains. RXO’s proprietary technology connects approximately 10,000 customers with over 100,000 independent carriers across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.