|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||55.74 - 57.99|
|52 Week Range||45.09 - 90.78|
|Beta (5Y Monthly)||2.01|
|PE Ratio (TTM)||10.22|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.39|
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After successfully spinning off GXO Logistics (NYSE: GXO) last year, XPO Logistics (NYSE: XPO) is on track to run the same playbook, splitting the truck brokerage business, dubbed RXO, from the core North American less-than-truckload (LTL) business. The company sold off its intermodal business earlier this year, and plans to divest its European business ahead of the spin-off in Q4 as well, making both businesses streamlined pure plays in their respective sectors. Revenue adjusted for the sale of its intermodal business increased 10.3% to $3.23 billion, which beat estimates at $3.17 billion.
In October 2021, GXO told the Dallas Business Journal it was hiring thousands nationally and hundreds in the DFW area.
With me today in Greenwich are Ravi Tulsyan, our CFO; Matt Fassler, our chief strategy officer; Mario Harik, president of LTL; and Drew Wilkerson, president of North American Transportation. Before we get into earnings, I want to comment on the succession plan we announced yesterday.