Skip to main content

XPO, Inc.

Less-Than-Truckload FreightFounded 1989
Reviewed by Swet Parvadiya
Company data updated: October 2026

Founders

Who Founded XPO?

Michael Welch, Keith Avery · Founded 1989 · HQ today: Greenwich, Connecticut, United States

Who founded XPO?

XPO was founded by Michael Welch, Keith Avery in 1989 in Buchanan, Michigan, United States. It is now led by Mario Harik.

Founders
Michael Welch, Keith Avery
Founded
1989
Headquarters
Greenwich, Connecticut, United States
Number of founders
2
Current CEO
Mario Harik (since 2022)
Where was XPO founded?
XPO was founded in Buchanan, Michigan, United States in 1989. wikidata.org
When was XPO founded?
XPO was founded in 1989.
Who started XPO?
XPO was founded by Michael Welch and Keith Avery.
How old is XPO?
XPO is 37 years old as of 2026.

Founding Story

The company traces back to Express-1, an expedited trucking firm Michael Welch and Keith Avery co-founded in Michigan in 1989. Segmentz Inc. bought Express-1 in 2004 and took the name Express-1 Expedited Solutions in 2006. In September 2011 Brad Jacobs took control through an equity investment, moved the headquarters to Greenwich, Connecticut, and renamed it XPO Logistics.

Michael Welch

Co-founder 1989

Background

Welch spent more than 30 years in transportation, mainly in time-critical expedited freight.

Role at XPO, Inc.

Michael Welch co-founded Express-1, an expedited ground carrier based in southwest Michigan, in 1989 and ran it as CEO. After Segmentz Inc. acquired Express-1 in 2004 he became president and later CEO of the combined company, which was renamed Express-1 Expedited Solutions in 2006 and became XPO Logistics in 2011. He died in 2019. (Exact birth year remains publicly undisclosed).

Keith Avery

Co-founder 1989

Background

American businessman.

Role at XPO, Inc.

Keith Avery co-founded Express-1 Expedited Solutions in 1989 (which Bradley Jacobs later acquired and aggressively transformed into XPO Logistics). Avery built the highly critical, foundational rapid-expedited trucking network that served as the initial, tiny base for Jacobs's absolutely massive, multi-billion dollar global acquisition spree. (Exact birth year remains publicly undisclosed).

XPO, Inc.: CEO & Leadership History

Full timeline →

Mario Harik

Chairman and CEO

2022 – Present

Has led the post-spinoff focus on LTL service, pricing and productivity, including the Yellow service center purchase and the margin gains reported in 2026.

Brad Jacobs

CEO 2011-2022, Executive Chairman 2022-2025

2011 – 2025

Stepped down as executive chairman on December 31, 2025 and served as special advisor through June 30, 2026.

Keep researching XPO

Who Founded XPO? FAQ

Who originally founded the corporate predecessor to XPO?

XPO traces its legal origins to Express-1, co-founded in 1989 in Buchanan, Michigan, by commercial trucking entrepreneurs Michael Welch and Keith Avery.

What kind of business did Michael Welch and Keith Avery build?

Welch and Avery built Express-1 into a premier Midwestern expedited freight carrier, providing critical, time-sensitive freight transport to automotive and industrial manufacturing plants.

How did Express-1 become a publicly traded company?

In 2004, trucking company Segmentz acquired Express-1, later adopting the name Express-1 Expedited Solutions and listing on the American Stock Exchange.

How did billionaire Brad Jacobs transform the company in 2011?

In September 2011, Brad Jacobs identified Express-1 as an ideal public shell company, investing $150 million through Jacobs Private Equity to gain controlling ownership, renaming it XPO Logistics.

What was Brad Jacobs' track record before XPO?

Brad Jacobs is one of Wall Street's most successful serial entrepreneurs, having founded oil trading firm AmSpec, waste management giant United Waste Systems, and equipment rental titan United Rentals.

What was Michael Welch's career following the XPO transaction?

Michael Welch retired from day-to-day operations at Express-1, remaining an active transportation investor and philanthropist in southwestern Michigan until his passing in 2022.

Why did Brad Jacobs choose the LTL trucking sector for his roll-up?

Jacobs recognized that the $40+ billion North American LTL sector was highly consolidated, fragmented by aging regional operators, and possessed high real estate barriers to entry that rewarded digital scale.

What was the founding vision that created modern XPO?

The fusion of Welch and Avery's Midwestern operational trucking roots with Brad Jacobs' aggressive capital markets vision turned a local Michigan carrier into a multi-billion-dollar global titan.

Related Founder Profiles

Compare founding stories, origins, and entrepreneurial journeys

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.