- XPO Logistics Inc (NYSE:XPO) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud have launched a multi-year agreement to further innovate how goods move through supply chains. The financial terms were not disclosed.
- XPO Logistics is creating speedier, more efficient supply chains with greater visibility by leveraging Google Cloud's capabilities in artificial intelligence (AI), machine learning (ML), and data analytics.
- XPO Logistics migrated several key applications to Google Cloud, enabling the transportation services provider to take advantage of the scalability and availability of cloud computing.
- "We're bringing our innovative AI/ML and data analytics solutions to XPO, to help it transform supply chain management, ensure its deliveries are on-time, and give its customers accurate, up-to-date view on the location of their freight," said Hans Thalbauer, managing director, Global Supply Chain, Logistics & Transportation, Google Cloud.
- Price Action: XPO shares are trading higher by 2.10% at $56.42 on the last check Monday.
