Wagers Named Interim Chief at XPO's LTL Group
XPO Logistics has named Kenny Wagers as the interim president of its less-than-truckload business, replacing Tony Brooks, who has left the company.
Wagers
Wagers joined XPO in April as chief operating officer of its global operations. He had been with Amazon.com, leading its worldwide transportation and logistics business that covered last mile, middle mile and air and ocean cargo as well as Amazon China, Prime Now and Amazon Fresh operations. Prior to that he held several leading supply chain leadership positions, including 17 years with UPS Inc., where he expanded 3PL services and the UPS Supply Chain Solutions group. He holds a master’s degree in finance from Georgia State University.
Brooks joined XPO in 2015 as president of the LTL operations it acquired as part of the purchase of Con-way Transportation. Prior to XPO Brooks had been an executive with Sysco Corp., Dean Foods, PepsiCo, Frito Lay and LTL longhaul carrier Roadway Express.
“We’re grateful to Tony for leading our less-than-truckload unit over the last few years. He created a strong foundation for growth,” Wagers said in a statement. “Moving forward, we’ll continue to underpin our strategy with investments in sales and technology. I’m excited to work with the best LTL team in the business.”
XPO calls its Ann Arbor, Mich.-based LTL division the second largest in North America with 8,500 tractors and 25,000 trailers, more than 400 locations and operations in all 50 states, Puerto Rico, Canada and Mexico.
For 2017, XPO’s North American LTL division generated adjusted operating income of $442 million. In the first quarter of 2018, the North American unit generated revenues of $920 million, up nearly 5% from first quarter 2017. The European division had revenues of $252.7 million, up from $212.1 million.
XPO announced that this year it would add about 200 sales people and spend $90 million to buy 770 new tractors for its LTL division.
Greenwich, Conn.-based XPO Logistics ranks No. 3 on the Transport Topics Top 100 list of largest for-hire carriers in North America.
