XPO Logistics Announces Hiring Plans, Taps CFO for Spinoff GXO
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XPO Logistics plans to fill more than 1,400 positions to meet growing demand in its less-than-truckload business.
The company made the announcement April 7, a day after tapping Baris Oran to become chief financial officer of its planned spinoff business GXO Logistics.
XPO said the decision to open up the new positions came as the economy rebounds from the coronavirus pandemic. It is seeing increased LTL activity from several sources, including an improvement in the industrial economy and the rapid growth of e-commerce.
“We look forward to welcoming over 1,400 new team members — and more after that as the year progresses,” Josephine Berisha, chief human resources officer of XPO Logistics, said.
XPO said approximately 750 commercial truck driver jobs and 700 dockworker jobs are currently available. That includes 100 openings for candidates who want to earn pay as a dockworker while training tuition-free for a commercial driving career.
The company is also offering an accelerated path for hourly workers to reach top pay rate, merit increases, performance rewards and flexible shifts.
We’re ready to welcome 1,400 XPOers to our #LTL division. Find out more here: https://t.co/S3vSr7CY70 — XPO Logistics, Inc. (@XPOLogistics) April 7, 2021
As for Oran, he will join XPO as CFO of the logistics segment, effective in May, and will lead GXO’s global finance organization when the planned separation is complete — slated for the second half of the year.
“I’m excited to join this world-class management team at GXO, which is perfectly positioned to benefit from three of the most powerful trends happening right now,” Oran told Transport Topics. “Those are automation, outsourcing and e-commerce.”
He said he was also looking forward to just how large the “addressable opportunity” is in logistics.
“From day one, GXO is going to be the second-largest contract logistics company in the world, in a market that’s still largely untapped. One of my biggest priorities will be to help grow GXO’s market share. Right now, XPO’s logistics business has about 5% of a $130 billion market. That number has nowhere to go but up after the GXO spinoff,” he said.
Oran
Brad Jacobs, CEO at Greenwich, Conn.-based XPO, said in a statement: “Baris is a high-impact CFO with a track record of aligning finance organizations with strategy to support value creation.”
Oran has worked in C-suite roles with multinational market leaders in his 20-year financial career. He most recently served as CFO of the Sabanci Group, which has subsidiaries in the industrial, retail and financial services sectors and is one of the largest publicly traded companies in Turkey. He executed numerous initial public offerings as well as mergers and acquisitions and divestiture transactions while there.
The GXO leadership team now has five executives, with more to follow, Jacobs said.
XPO expects the spinoff will take advantage of e-commerce expansion, customer demand for logistics automation and a burgeoning trend toward supply chain outsourcing. Its logistics operations already include approximately 890 locations in 27 countries.
Oran said the spinoff company has a value proposition validated by long-term customer relationships. He noted that includes many of the most respected brands in the world such as food and beverage, technology, industrial and consumer apparel.
“In fact, both companies should benefit from being a stand-alone powerhouse in their respective industries,” Oran said. “That’s what success means to us.”
XPO ranks No. 2 on the Transport Topics Top 50 list of the largest logistics companies.
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