ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

XPO Celebrates 30th Anniversary of Its US Trailer Manufacturing Facility

GREENWICH, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today is celebrating the 30th anniversary of its in-house trailer manufacturing facility in Searcy, Arkansas. XPO is the only freight transportation company in the US to manufacture its own trailers. The factory’s team has produced nearly 90,000 trailers since 1994.    
   
XPO’s plant in Searcy employs more than 300 people and is among the area’s largest employers. The factory produces custom-designed trailers that feature XPO’s proprietary SafeStack system for safe freight handling and transportation. The facility also enables the company to adjust production quickly to meet the specific needs of shippers. In addition, the Searcy factory is one of the nation’s most active centers for recycling used trailers, recycling 86% of trailer materials to reduce the amount of waste in landfills.
                  
Mario Harik, chief executive officer of XPO, said, “As the only freight transportation company to manufacture its own trailers, we are uniquely positioned to provide customers with both the capacity and reliable, world-class service to meet the rising demand for LTL shipping. Our in-house manufacturing facility enables us to maintain our trailer fleet at a lower cost, while quickly adapting to our customers' changing needs. We are proud of our talented team in Searcy for the great work they’re doing to support the growth of our fleet and the delivery of exceptional service for customers.”
   
XPO has increased manufacturing capacity significantly in Searcy over the past few years to meet growing demand for its freight transportation services. The plant produced more than 6,400 trailers in 2023, exceeding the company’s target and more than doubling the factory’s output in 2021.
  
Located at 2001 South Benton St. in Searcy, the factory features six production lines across 200,000 square feet of manufacturing space. The plant has provided strong career opportunities for thousands of area residents over the past three decades and training in sought-after specialties such as welding and production technology.  
   
About XPO   
XPO, Inc. (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Together with its business in Europe, XPO serves approximately 52,000 customers with 596 locations and 38,000 employees. The company is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, X, LinkedIn, Instagram and YouTube

Media Contact
Jaycie Cooper
+1 475-400-5003
jaycie.cooper@xpo.com


Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  229.25
+2.28 (1.00%)
AAPL  269.00
+0.19 (0.07%)
AMD  258.01
-1.66 (-0.64%)
BAC  52.87
-0.15 (-0.28%)
GOOG  268.43
-1.50 (-0.56%)
META  751.44
+0.62 (0.08%)
MSFT  542.07
+10.55 (1.98%)
NVDA  201.03
+9.54 (4.98%)
ORCL  280.83
-0.57 (-0.20%)
TSLA  460.55
+8.13 (1.80%)
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 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.