XPO Logistics to Deploy 5,000 Collaborative Warehouse Robots in North America and Europe
October 03 2018 - 7:30AM
XPO Logistics to
Deploy 5,000 Collaborative Warehouse Robots in North America and
Europe
Intelligent automation improves worker productivity and
speeds distribution
GREENWICH, Conn. - October 3, 2018 - XPO Logistics, Inc. (NYSE: XPO), a leading global
provider of transportation and logistics solutions, today announced
plans to deploy 5,000 intelligent robots throughout its logistics
sites in North America and Europe. The robots, which are designed
to collaborate with humans, will supplement XPO's existing
workforce and support future growth. XPO has a strategic
partnership with robotics manufacturer GreyOrange Pte. Ltd. that
makes XPO the exclusive logistics provider for use of its robots in
North America, the United Kingdom and eight European countries.
Bradley Jacobs, chief executive officer of XPO
Logistics, said, "We've developed our logistics technology to
integrate the latest intelligent automation and adapt it at
lightning speed. This allows us to dramatically improve fulfillment
time and cut costs. The addition of 5,000 collaborative robots will
make our logistics operations safer and more productive in picking,
packing and sortation. These are important benefits for our
customers - particularly in the e-commerce and omnichannel retail
sectors, where order speed and accuracy are essential ways to
compete."
The autonomous robots are part of a modular
goods-to-person system that also includes mobile storage racks and
fulfillment stations. Each robot can move a rack weighing
approximately 1,000 to 3,500 lbs., bringing it to a station where a
worker fulfills up to 48 orders simultaneously. The entire process
is controlled by XPO's proprietary warehouse management system.
This high-speed, flexible solution supports same-day and next-day
deliveries by shortening order-to-shipment times and helping
workers minimize walk-time and manual errors.
XPO's latest robotics implementation is part of
the company's planned $450 million investment in technology this
year. Other recent innovations include the XPO Direct shared-space
distribution network, voice integration with Amazon Echo and Google
Home to track the last mile delivery of heavy goods, and the XPO
Connect digital freight marketplace with multimodal
infrastructure.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics
provider of cutting-edge supply chain solutions to the most
successful companies in the world. The company operates as a highly
integrated network of people, technology and physical assets in 32
countries, with 1,505 locations and more than 97,000 employees. XPO
uses its network to help more than 50,000 customers manage their
goods more efficiently throughout their supply chains. XPO's
corporate headquarters is in Greenwich, Conn., USA, and its
European headquarters is in Lyon, France. www.xpo.com
Forward-looking
Statements
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.
Media Contact
XPO Logistics, Inc.
Erin Kurtz
+1 203-489-1586
erin.kurtz@xpo.com
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: XPO Logistics, Inc. via Globenewswire
XPO (NYSE:XPO)
Historical Stock Chart
From Apr 2024 to May 2024
XPO (NYSE:XPO)
Historical Stock Chart
From May 2023 to May 2024