XPO finally takes a bite of Apple
In first-ever alliance, XPO will build Apple a 1 million-square-foot distribution center in tiny Indiana town for direct-to-consumer deliveries
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XPO inks first-ever deal with Apple as part of a $4 billion spree (Photo: Jim Allen/FreightWaves).
XPO Logistics Inc. (NYSE:XPO) said Tuesday that it will build a 1 million-square-foot distribution center for Apple Inc. (NASDAQ:AAPL) in the small Indiana town of Clayton that will support Apple’s direct-to-consumer distribution and delivery strategy.
XPO’s first-ever contract with the technology titan was part of $4 billion in done deals negotiated by the company’s logistics unit since the start of the year. Included in the basket was an 11-year, $1.2 billion deal with an existing customer that XPO would not identify. The contract is the largest in XPO’s 10-year history.