GREENWICH, Conn. — July 13, 2016 — XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has announced that it will manage the first outsourced logistics warehouse for INTERSPORT, the largest sporting goods retail network in Europe. The warehouse will serve 600 retail outlets in France and Belgium, and is expected to handle eight million items annually from 122 suppliers within 24 months of opening. The five-year contract will initiate in January of 2017.
Strategically located adjacent to INTERSPORT's warehouse in Saint-Vulbas (Ain), France, the new facility will allow INTERSPORT to better centralize the flow of goods and progressively increase its storage capacity in line with its rapid growth. Both warehouses will utilize Reflex software combined with a transportation management system to fully integrate the managed flow of goods. Furthermore, the proximity of the two warehouses will optimize transportation capacity.
XPO has designed a customized logistics solution to meet the requirements of INTERSPORT franchisees. The company will package products of all sizes and volumes, and will prepare single-item deliveries as a customer service for retail outlets. The XPO facility in Lyon, France, which already handles sports products, will help manage peaks in activity and the seasonality of product lines.
Malcolm Wilson, managing director-supply chain for XPO Logistics Europe, commented: "We're proud that INTERSPORT and its franchisees have entrusted us with critical services that will help ensure their future success. INTERSPORT is entering a new phase in its development, and our teams are enthusiastic about contributing to the growth of this exciting retailer."
Denis Deumier, supply chain director for INTERSPORT, said: "We selected XPO Logistics because XPO has the capacity to provide a reliable supply chain solution that meets our current needs, as well as the flexibility and scalability to support our long-term growth plans."
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world. The company provides services for truckload brokerage and transportation, last mile logistics, engineered supply chain solutions, high-value-add warehousing and distribution, ground and air expedite, less-than-truckload transportation, intermodal, drayage, managed transportation and global forwarding. XPO serves more than 50,000 customers with a highly integrated network of over 87,000 employees and 1,440 locations in 33 countries. 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the expected volume under the INTERSPORT contract, the anticipated timing of business ramp-up under the contract and the expected duration of the contract. These forward-looking statements are qualified by cautionary statements regarding unknown risks, uncertainties and assumptions as can be found in the company's filings with the U.S. Securities and Exchange Commission and accessed through the company's website www.xpo.com.
Contacts:
Tavio Headley, 1-203-930-1602
tavio.headley@xpo.com
Gary Frantz, 1-415-819-6013
gary.frantz@xpo.com
More Info: https://www.xpo.com/content/our-company
