XPO Logistics announces Weisfeld as chief strategy officer for RXO spin-off

XPO Logistics, Inc., a leading provider of freight transportation services, today announced that Jared Weisfeld will become chief strategy officer of RXO, the planned spin-off of XPO’s brokered transportation platform. Weisfeld has been appointed chief strategy officer for XPO’s North American transportation division, effective immediately. He will be responsible for RXO’s strategy and analysis of growth opportunities when the spin-off is complete, and will oversee RXO’s engagement with the investment community. He reports to Drew Wilkerson, who, as previously announced, will be chief executive officer of RXO, and currently serves as president, transportation – North America.

Weisfeld was most recently with Jefferies Financial Group, where he was ranked among the top three specialists in the technology, media and telecom sector on Institutional Investor’s All-America Survey for 2020 and 2021. Previously, he was a partner and technology sector head with Margate Capital Management; and served as an associate portfolio manager with Balyasny Asset Management, where he was twice recognized as analyst of the year. He began his career as a technology sector analyst with the investment banking division of Credit Suisse. Weisfeld holds a degree in applied economics and management from Cornell University.

Wilkerson said, “Jared is immersed in market dynamics for the technology sector, where our spin-off will be squarely positioned as an asset-light, tech-enabled transportation platform. His insights will help us execute on RXO’s strongest opportunities in truck brokerage, where we have first-mover advantage as an innovator in digitization."

As previously announced, XPO intends to spin off its asset-light brokered transportation platform from its asset-based less-than-truckload business, creating two separate, publicly traded companies with vast growth prospects in North America. XPO expects to complete the spin-off in the fourth quarter of 2022.