LTL freight shipping definition. Less than truckload freight shipping (LTL) is used for the transportation of small freight or when freight doesn’t require the use of an entire trailer. This shipping method can be used when freight weighs between 150 and 15,000 pounds.Who owns XPO Logistics?
XPO Logistics was founded in May 1989 by Michael Welch and Keith Avery as Express-1 Expedited Solutions. In September 2011, American businessman Bradley Jacobs gained approximately 71 percent ownership in Express-1 with a $150 million investment through his firm, Jacobs Private Equity LLC.What does the XPO in XPO Logistics stand for?
XPO is the second-largest global provider of third-party contract logistics, or 3PL: the management of other companies' transportation and logistics needs over the long term.