XPO Logistics is eliminating its COO position and letting go of the former Amazon exec in the role — and it shows how America's fourth-largest trucker is overhauling its growth strategy

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XPO's biggest customer is moving much of its business in-house, and that's slashed the company's forecast. This customer is believed to be Amazon.

its chief operations officer role — a job whose main responsibilities was managing mergers and acquisitions for the $15.4 billion logistics giant.

"We originally hired Kenny Wagers to work alongside our president, Troy Cooper, in anticipation of significant M&A activity," an XPO spokesperson told Business Insider. During XPO's fourth-quarter earnings call last month, XPO CEO Brad Jacobs told investors that XPO's largest customer is curtailing its business with the company by two-thirds. That customer is believed to be Amazon, which depended on XPO for last-mile trucking, warehousing, and other services.

 

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