02 Februari 2016

[020216.EN.BIZ] XPO Fires Menlo Executives To Eliminate Redundancies After Takeover

XPO LOGISTICS has dismissed several executives from the former Menlo Worldwide Logistics that it acquired last year as part of the US$3 billion purchase of Con-Way.

According to the logistics news service dcvelocity.com, Robert Bianco, the former Menlo president, left the company along with former chief operating officer Gary Kowalski.

Bob Bassett, the former Menlo vice president for sales and marketing, has also reportedly left, as has Carl Fowler, vice president of sales and solutions, and Mike Greene, a vice president who oversaw the company's largest high-tech account.

The report in dcvelocity.com said that XPO had confirmed the departure of Bianco and Kowalski, which it said were part of a broad effort to "eliminate redundancies".

"We're integrating the former Menlo operations into our global supply chain organisation, where we already have a seasoned executive team in place in North America and Europe."

XPO credited Bianco and Kowalski for building a high-quality operation during the past two decades, although the company did not comment on the reports of the other departures.

No-one at XPO was available to respond to questions from Lloyd's Loading List.

With the acquisition of Con-way, XPO became the world's second biggest contract logistics provider behind DHL Supply Chain.

The UK's Transport Intelligence noted that Menlo's presence in Asia, though small, would permit XPO to call itself a truly global contract logistics provider.

Prior to that acquisition, XPO only offered contract logistics in Europe through its purchase of France's Norbert Dentressangle, and North America through its purchase of New Breed Logistics in July 2014, and Norbert Dentressangle, which itself acquired Jacobson in July 2014.

Source : HKSG.

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