XPO, Inc. (XPO)
XPO, Inc. is a leading provider of transportation and logistics services, offering supply chain solutions including less-than-truckload (LTL) freight, truck brokerage, last mile, and global forwarding. Founded in 1989, XPO has grown through acquisitions to become a major player in freight transportation, emphasizing technology-driven efficiency and customer service. Its operations span across North America and Europe.
Company News
The global perishable goods transportation market is experiencing rapid growth, driven by e-commerce expansion, technological advancements in cold chain logistics, and increasing demand for fresh protein and online grocery delivery. The market is expected to grow from $21.7 billion in 2024 to $39.3 billion by 2033.
Wall Street analysts highlight three trucking stocks - Saia, Old Dominion Freight Line, and XPO Logistics - as potentially undervalued, with significant upside potential due to current market discounts and potential benefits from trade tariffs.
XPO Logistics reported flat revenue of $2.08 billion in Q2, with challenges in the North American less-than-truckload (LTL) market offset by strategic improvements in pricing, service quality, and local market growth.
Several large-cap companies, including Duolingo, CoreWeave, and DexCom, saw significant gains last week due to strong earnings, sales guidance, and analyst upgrades.
The headline numbers for XPO (XPO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
