Dive Brief:
- XPO recently acquired a site in Jacksonville, Florida, for $5.8 million, according to a county database.
- The LTL carrier previously leased the property, which AAA Cooper Transportation owned, but there are no changes to XPO’s presence or operations in the market at this time, the company told Trucking Dive.
- “We’ve operated at this service center for years, and acquiring the property was a natural step that reflects our long-term commitment to the Jacksonville market,” an XPO spokesperson said in an email.
Dive Insight:
The LTL company’s network covers 99% of the U.S., and it’s been investing in the downmarket to position itself for the future.
XPO vastly outspent competitors in the Yellow Corp. bankruptcy auction in 2023 to acquire terminals and subsequently opened almost all of those additions as of earlier this summer, CEO Mario Harik said on a July 31 earnings call.
“This positions us to capture profitable share in the freight market rebound and unlock more operating leverage,” he said.
Other carriers have also added doors, including Estes Express Lines, which ramped up its size by about 6% in 2024, Knight-Swift Transportation Holdings, which acquired LTL assets of Dependable Highway Express last year, and A. Duie Pyle, which recently added density in Ohio.
XPO’s network consisted of 300 service centers as of June 30, according to a July 2025 presentation for investors.
By converting a lease, XPO is also looking toward the future. “We are always looking for strategic opportunities to strengthen our real estate portfolio,” XPO said in a statement.
AAA Cooper Transportation didn’t immediately respond to messages seeking comment.
Correction: A previous version of this story incorrectly listed the amount of the transaction.
