XPO Logistics Pilots Labor Productivity Tools in Less-Than-Truckload
June 18 2019 - 6:30AM
Machine learning optimizes dock
operations
GREENWICH, Conn. - June 18, 2019
- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of
supply chain solutions, is piloting XPO Smart workforce
productivity tools in its less-than-truckload (LTL) network in
North America. LTL terminal managers in Massachusetts, Michigan and
North Carolina are using the proprietary analytics to make dock
operations more efficient.
XPO's latest optimization tools compare real-time
productivity rates with the number of active dock workers, using
machine learning to predict how adjustments in labor levels affect
productivity. The tools track motor moves (goods moved from dock to
truck) against production targets and analyze productivity gaps to
improve performance. The LTL pilot follows the company's successful
introduction of workforce planning analytics in its warehouse
operations in March.
Mario Harik, chief information officer of XPO
Logistics, said, "While the dynamics of labor productivity differ
from service to service, the goal is the same: the greatest
possible efficiency for our customers. With XPO Smart, we have the
infrastructure in place to achieve this. Our pilot LTL operators
are acting on insights gained from site-specific machine learning
and our predictive analytics."
The company expects to conclude the LTL pilot
program in the third quarter and begin a phased roll-out of the new
tools to its 274 US terminals.
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 1,540 locations and approximately 100,000
employees. XPO uses its network to help more than 50,000 customers
manage their goods most efficiently throughout their supply chains.
XPO's corporate headquarters is in Greenwich, Conn., USA, and its
European headquarters is in Lyon, France. 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
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