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Why Shares of XPO Logistics Are Plunging Today

·2 min read
Why Shares of XPO Logistics Are Plunging Today

On Monday morning, shares of XPO Logistics (NYSE: XPO) opened down more than 40%, but there is no bad news to report. The split became official on Monday, with GXO Logistics (NYSE: GXO), the supply chain business, trading for the first time on its own. GXO has a lot of exposure to fast-growing sectors including e-commerce, while XPO is one of the top less-than-truckload trucking operators with a large freight brokerage operation.