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Why XPO Logistics Shares Soared in April

·2 min read
Why XPO Logistics Shares Soared in April
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Shares of XPO Logistics (NYSE: XPO) gained 12.8% in April, according to data provided by S&P Global Market Intelligence, as the market cheered fresh evidence that shipping demand remains strong and XPO made progress toward a planned two-way split. The company's shares have more than doubled over the past year, riding the wave of increased business to consumer shipping demand as retail shifted online during the pandemic. Its logistics operation specializes in providing a suite of warehousing and shipping services for retailers.