XPO - XPO Logistics, Inc.
| Previous Close | 46.86 |
| Open | 46.30 |
| Bid | 44.00 x 800 |
| Ask | 44.32 x 1000 |
| Day's Range | 43.82 - 47.14 |
| 52 Week Range | 38.47 - 100.18 |
| Volume | 1,229,743 |
| Avg. Volume | 1,506,634 |
| Market Cap | 4.091B |
| Beta (5Y Monthly) | 2.38 |
| PE Ratio (TTM) | 12.41 |
| EPS (TTM) | 3.57 |
| Earnings Date | Apr 28, 2020 - May 03, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 97.72 |
- American City Business Journals
Delivering the goods: Triad logistics firms adapt to tackle critical needs in coronavirus crisis
Large or small, logistics companies and freight haulers are adapting to keep grocers stocked and to get critical supplies to health providers. Says one exec: “So far the impact has resulted in generally higher volumes and increased hours to manage at most of our warehouses."
- Benzinga
XPO Increases Sick Leave In Response To COVID-19
XPO Logistics, Inc. (NYSE: XPO) announced that it will be providing an additional two weeks of paid sick leave in response to the COVID-19 outbreak as many of the company's drivers and operations personnel remain on the front lines moving freight.In a March 24 statement posted on the company's blog, XPO announced that the "Pandemic Paid Sick Leave" policy would provide employees up to two weeks – 10 days or 80 hours – of "additional 100%-paid sick leave." The policy change is retroactive to March 1 and will remain in effect until May 15.The expanded paid time off (PTO) includes: employees being tested for COVID-19 or awaiting results; under mandatory quarantine (due to direct exposure or local ordinances); employees sharing a household with someone that is awaiting test results; or employees under self-quarantine after traveling from outbreak hotspots as defined by the Centers for Disease Control and Prevention (CDC) within the last 14 days."We're grateful for everything our employees are doing in these extraordinary times. We're listening to their feedback and adjusting our policies and programs to support them and their families. Today, we're making changes to care for our workforce as this pandemic evolves, including new additions to our benefits program for U.S. employees."The blog post stated that employees outside of the U.S. "will continue to follow local regulations and company sick leave policies."The enhanced PTO policy includes up to three days of paid leave for employees that work in facilities forced to close for cleaning after exposure to the virus.In recent days, other transportation companies have increased benefits available to employees in response to the outbreak. On March 23, J.B. Hunt (NASDAQ: JBHT) announced that it would pay a one-time $500 bonus to drivers and operations support personnel. On March 20, Landstar System Inc. (NASDAQ: LSTR) said that it would pay its business capacity owners (BCOs) $1,000 per week for up to two weeks who were diagnosed with the virus or required to quarantine.See more from Benzinga * XPO Ends Bid To Break Up The Company * XPO To Acquire Kuehne + Nagel's UK Contract Logistics Unit * Freight Market Pulse Weekend Wrap(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Insider Monkey
Hedge Funds Are Betting On XPO Logistics Inc (XPO) Again
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- GuruFocus.com
Largest Insider Trades of the Week
Insiders load up on Dell Technologies, dump XPO Logistics Continue reading...
- Benzinga
XPO Ends Bid To Break Up The Company
After two months of shopping potentially all of its operating units excluding the less-than-truckload (LTL) division, XPO Logistics, Inc. (NYSE: XPO) said that it was no longer looking to sell.In a brief 8-k filing with the U.S. Securities and Exchange Commission, the top-10 global logistics provider said, "in light of current market conditions, XPO has terminated the strategic review process."The news comes as little surprise given the valuation collapse in the equity markets. The market selloff began when concerns over the coronavirus intensified during the last week of February as the disease spread in northern Italy, prompting officials to lockdown several towns in the region.Since, the S&P 500 has declined 28% and the Dow Jones Transportation Average, which includes the hard-hit commercial airlines, is off 36%. Dow Transport components American Airlines Group, Inc. (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL) and United Airlines Holdings, Inc. (NASDAQ: UAL) have all lost close to two-thirds of their value in that stretch.On January 15, XPO announced that it would entertain offers for four of its business units, retaining the advisory services of Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM) to help them with the process. Taking only the North American LTL division off the table, the plan looked to unload two North American and two European transport and logistics businesses.XPO's founder, chairman and CEO Brad Jacobs said that the spinoff of the units would free up capital, eliminate debt and raise the company's valuation as a pure-play LTL operator. At the time, Jacobs said that XPO's stock valuation based on a multiple of earnings before interest, taxes, depreciation and amortization (EBITDA) was being weighed down, trading as a conglomerate and at a discount to other LTL carriers.Many industry analysts were caught off guard when XPO announced last week that it was acquiring the U.K. division of Kuehne + Nagel International AG's (OTC US: KHNGY) contract logistics segment.Equity research analyst Amit Mehrotra with Deutsche Bank said that the deal was "a bit of a head-scratcher optically" when it was announced on March 9. A week later, Morgan Stanley analyst Ravi Shanker questioned whether the company would continue to pursue the break up strategy.In a note to clients Shanker wrote, "With asset valuations potentially lower given the broader market correction, and with the deal not expected to close before 2H20 per management, we would not be surprised if XPO sees a longer break up process than initially anticipated.XPO was built through a series of acquisitions and roll-ups since Jacobs' $150 million investment in Express-1 Expedited Solutions in 2011. The goal from day one was to take the third-party logistics provider to a transportation and logistics giant. In the brief period that followed, the company made 17 acquisitions under the new XPO banner, reaching a market cap of more than $14 billion during the 2018 peak.Shares of XPO are off 54% in the last month.See more from Benzinga * XPO To Acquire Kuehne + Nagel's UK Contract Logistics Unit * Freight Market Pulse Weekend Wrap * XPO Laying Off 304 Employees At Texas Distribution Center(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- MarketWatch
XPO Logistics cancels terminates strategic review, that could have led to sale of business units
XPO Logistics Inc. disclosed Friday that it has terminated the previously announced review of strategic alternatives, "in light of current market conditions." The transportation and logistics company's stock had surged 15.1% to $95.35 on Jan. 16, after the company said it might sell off one or more of its business units as part of the strategic review. The stock, which was still inactive in premarket trading, has tumbled 57.7% over the past month, amid concerns over the impact of the coronavirus outbreak. Over the same time, the Dow Jones Transportation Average has dropped 35.8% and the Dow Jones Industrial Average has lost 31.3%.
- Zacks
Is XPO (XPO) a Solid Growth Stock? 3 Reasons to Think " Yes "
XPO (XPO) possesses solid growth attributes, which could help it handily outperform the market.
- Zacks
XPO or ZTO: Which Is the Better Value Stock Right Now?
XPO vs. ZTO: Which Stock Is the Better Value Option?
- Simply Wall St.
What Is XPO Logistics's (NYSE:XPO) P/E Ratio After Its Share Price Tanked?
Unfortunately for some shareholders, the XPO Logistics (NYSE:XPO) share price has dived 32% in the last thirty days...
- GlobeNewswire
XPO Logistics Named by Forbes as a Best Company to Work for in Spain for 2020
GREENWICH, Conn., March 10, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (XPO), a leading global provider of transportation and logistics solutions, has been named one of the Forbes 50 best companies to work for in Spain for the second straight year. The recognition, announced by Forbes magazine, is based on survey responses from over 8,000 employees of the largest companies in Spain, using 38 different indicators of satisfaction and well-being. XPO has been named one of the World’s Most Admired Companies by Fortune magazine for three consecutive years and is ranked first in its category of trucking, transportation and logistics.
- Benzinga
XPO To Acquire Kuehne + Nagel's UK Contract Logistics Unit
Less than two months after announcing plans to divest potentially all of its operating segments, except for its less-than-truckload (LTL) offering, XPO Logistics, Inc. (NYSE: XPO) announced that an acquisition is in the works.In a March 9 press release, the company announced that it has entered into an agreement to buy the bulk of global transportation and logistics provider Kuehne + Nagel International AG's (OTC US: KHNGY) contract logistics segment in the U.K.The acquisition includes Kuehne + Nagel's operations that provide inbound and outbound distribution, reverse logistics management and inventory management. Revenue in these operations are derived from the beverage, technology and e-commerce sectors and totaled approximately GBP 500 million ($656.4 million) in 2019 ($1 equals 0.76 GBP).In its press release, XPO said that the deal will bolster its contract logistics offering in the U.K., adding 75 facilities and a "blue-chip customer base" to the segment. XPO plans to integrate Kuehne + Nagel's business onto its technology platform under its pan-European network.Terms of the transaction that is expected to close in the first half of 2020 were not disclosed.Equity research analyst Amit Mehrotra with Deutsche Bank noted that the announced acquisition was "a bit of a head-scratcher optically," but that the deal is likely very small in nature and affords XPO the opportunity to improve profitability on a business that has underperformed. "To be sure, we think this is a very small deal despite the big $500 million revenue contribution... sub-$100 million of total consideration is our best guess, which we estimate equates to a very low multiple of trailing EBITDA [earnings before interest, taxes, depreciation and amortization]," said Mehrotra.Mehrotra said that while his firm views Kuehne + Nagel as "good operators," he believes that this segment of its logistics business was "barely profitable," noting difficulty surrounding a large customer contract as a headwind. He continued that this may provide XPO the opportunity to "leverage its technology and fixed cost base to re-rate margins of the business [higher]."In a separate press release, Kuehne + Nagel stated that the transaction includes its "drinks logistics, food services and retail & technology businesses," with approximately 7,500 employees.Kuehne + Nagel has been exploring strategic alternatives for this business segment fo the last year."One year ago, we first announced the strategic review of our contract logistics business to improve profitability and focus on our core, scalable solutions. We have now reached a major milestone in this effort, having secured an agreement to sell significant non-core assets in the U.K.," stated Kuehne + Nagel CEO Dr. Detlef Trefzger.Kuehne + Nagel said that it was retaining its U.K. contract logistics operations serving aerospace, government and pharmaceutical customers.As previously announced, XPO's divestiture plan is to put nearly $13 billion of the company's $17 billion in revenue up for sale. When announced in January, all units except for LTL were being shopped.Shares of XPO are off more than 10%, nearly doubling the loss of broader equity markets which continue to move lower on coronavirus concerns.Image Sourced from PixabaySee more from Benzinga * Port Of New York And New Jersey Chief Tests Positive For Coronavirus * What Crude Price Collapse Means To Ocean Shipping * Soggy Week Ahead In Several Large Freight Markets(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- GlobeNewswire
XPO Logistics Renews Support of Girls With Impact for 2020
XPO Logistics, Inc. (XPO), a leading global provider of transportation and logistics solutions, has renewed its partnership with Girls With Impact, the nation’s only live, online entrepreneurship program for teenage girls.
- GlobeNewswire
XPO Logistics Partners with Mercedes-Benz to Provide Extensive UK Transportation Solutions
GREENWICH, Conn., March 04, 2020 -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has signed a long-term partnership.
- GlobeNewswire
XPO Logistics CEO Bradley Jacobs to Give Keynote Address at The Traffic Club of New York’s Annual Dinner
The Traffic Club of New York (TCNY) has announced that the keynote speaker for its 114th Anniversary Annual Dinner will be Bradley Jacobs, chairman and chief executive officer of XPO Logistics, Inc. (XPO), a leading global provider of transportation and logistics solutions. The event will be held on Thursday, February 27, 2020, at The Grand Hyatt Hotel in New York City.
- Simply Wall St.
Did You Miss XPO Logistics's (NYSE:XPO) Impressive 115% Share Price Gain?
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side...
- GlobeNewswire
XPO Logistics to Showcase Award-Winning “Pick and Put to Light” Technology at SITL Europe
GREENWICH, Conn., Feb. 18, 2020 -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, will present its Pick and Put to Light.
- Benzinga
Freight Market Pulse Weekend Wrap
Despite AB5 pause, California team drivers continue ‘truck-friendly' relocation search – California natives Jeff and Elyse Fink are still planning to relocate, but say a federal judge's pause on the new sweeping labor law, AB5, that was set to take effect in January, has given them a little more time to plan their exit strategy. Are electric powertrains the future of commercial vehicles? – The clout of electric powertrains is growing within the commercial freight mobility space, as economies of scale and market demand are helping the electric vehicle (EV) segment drop equipment costs to levels comparable to that of conventional powertrains.
- Benzinga
XPO Laying Off 304 Employees At Texas Distribution Center
XPO Logistics Inc. (NYSE: XPO) will lay off more than 300 workers at its Fort Worth distribution center in April, according to a notice filed with the Texas Workforce Commission TWC. According to the notice, XPO plans to lay off a total of 304 workers at its AllianceTexas facility, located at 3300 Eagle Parkway in Fort Worth. XPO Logistics is based in Greenwich, Connecticut.
- Thomson Reuters StreetEvents
Edited Transcript of XPO earnings conference call or presentation 11-Feb-20 1:30pm GMT
Q4 2019 XPO Logistics Inc Earnings Call
- Benzinga
After A Solid Quarter At XPO, The Question Is Being Asked: Why Does This Company Need To Be Broken Up?
XPO Logistics (NYSE: XPO) posted fourth-quarter earnings that in a tough freight market can't be viewed as anything but positive. While Jacobs talked about the company's multiple to EBITDA, by another standard XPO has lagged.
- Benzinga
XPO's Core LTL Segment Posts A Solid Quarter As Reorganization Looms
The reorganization of XPO Logistics Inc (NYSE: XPO) announced in January guaranteed the status quo in one respect: The company wasn't going to sell off its less-than-truckload (LTL) division. The fourth-quarter earnings the company released late Monday suggested that is a solid strategy as XPO's LTL division improved its financial performance for the quarter even as most operating results were weaker. North American LTL saw its revenue for the quarter drop to $916 million from $940 million, a decline of 2.7%.
- Investor's Business Daily
Dow Jones Futures Up As Virus Cases Slow: Two Stocks Set To Break Out As Big Tech Drives Market Rally
Dow Jones futures rose Tuesday as virus cases slow. Microsoft stock topped Apple stock's market cap Monday, leading the stock market rally with Amazon and Google.
- Zacks
XPO Logistics (XPO) Q4 Earnings Top Estimates
XPO (XPO) delivered earnings and revenue surprises of 9.80% and -1.62%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Trucking company XPO Logistics stock rises after earnings, CFO appointment
XPO Logistics Inc. shares rose 3.5% in the extended session Monday after the company announced it had appointed a new Chief Financial Officer and issued fourth-quarter earnings. The trucking company reported fourth-quarter net income of $107 million, or 93 cents a share, compared with $91 million, or 62 cents a share, in the year-ago period. Adjusted for items such as restructuring costs, earnings were $1.12 a share. Revenue fell to $4.14 billion from $4.39 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.01 a share on revenue of $4.2 billion. For the first quarter, analysts model adjusted earnings of 66 cents a share on sales of $4.2billion. The company said Monday that it had appointed David Wyshner as CFO, who will begin March 2. XPO stock has gained 64% in the past year, with the S&P 500 index rising 23%.
