XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. The Company operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Connect, a cloud-based digital platform for transportation procurement that encompasses a freight optimizer system, shipper interface and carrier interface.
As an enthusiast deeply immersed in the world of finance, particularly in equities and market analysis, I can offer valuable insights into the information provided about XPO, Inc. Let's break down the key concepts and pieces of information presented in the article:
XPO, Inc. Overview:
XPO, Inc. is a provider of freight transportation services operating in North America and Europe.
The company has two main segments: North American Less-Than-Truckload (LTL) and European Transportation.
XPO, Inc. offers services such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding, and multimodal solutions.
Recent Developments:
On December 20, XPO, Inc. completed the acquisition of 28 service centers from Yellow Corporation for approximately $870 million.
Effective December 19, 2022, XPO Logistics, Inc. changed its name to XPO, Inc.
JPMorgan increased its price target on XPO Logistics to $97 from $88 on December 21.
Financial Information:
The stock market data for XPO, Inc. on December 22, 2023, indicates a 5-day change of +0.19%, a 1st Jan change of +4.89%, and a remarkable +168.88% change since December 21.
The article mentions a private placement of $585 million aggregate principal amount of 7.125% senior notes due 2032 by XPO, Inc.
Analyst Ratings and Price Targets:
JPMorgan, Citigroup, TD Cowen, Raymond James, Susquehanna, Benchmark, Goldman Sachs, UBS, BMO Capital, and Oppenheimer are among the institutions providing analyst ratings and price targets for XPO, Inc.
The consensus among analysts suggests an "OUTPERFORM" rating, with an average target price of $90.76 USD, representing a +1.40% spread.
CEO's Plans:
Brad Jacobs, the CEO of XPO, is mentioned in the article, specifically regarding his plans for a new XPO company called QXO.
Market Positioning:
XPO, Inc. is positioned in the Ground Freight & Logistics sector, competing with other companies like Canadian National Railway Company, Canadian Pacific Kansas City Limited, U-Haul Holding Company, and more.
Company Profile and Services:
XPO, Inc. operates as a freight transportation services provider, moving goods through customers' supply chains.
The company's services include a cloud-based digital platform called XPO Connect, offering transportation procurement solutions.
Upcoming Events:
The article mentions a projected Q4 2023 Earnings Release for XPO, Inc. scheduled for February 6, 2024.
In summary, XPO, Inc. has recently undergone significant developments, including acquisitions, a name change, and noteworthy stock performance. Analysts have expressed positive sentiments, and the CEO's plans for a new company add an interesting dimension to the company's trajectory. The financial data and market positioning provide a comprehensive view of XPO, Inc.'s current standing in the industry.
XPO Logistics, Inc.(the “Company”) will change its name to XPO, Inc., effective on or about December 19, 2022. The Company's NYSE ticker symbol “XPO” and CUSIP number will not change.
RXO. This was followed by XPO Logistics spinning off its brokerage and other services segment to a separate company named RXO, Inc.in November 2022. RXO stands for "reliability multiplied by outperformance" and provides global forwarding.
On November 1, 2022, XPO Logistics spun off its tech-enabled brokered transportation business into a new company, RXO. Below are all of the documents filed and presentations provided as the company prepared for the spin-off.
XPO shares will continue to trade on the New York Stock Exchange under the symbol “XPO” and, effective today, RXO will begin “regular way” trading on the NYSE under the symbol “RXO.”
(NYSE: XPO) today announced that it has divested its North American intermodal business to STG Logistics, Inc. for cash proceeds of approximately $710 million , subject to a customary post-closing purchase price adjustment.
XPO Logistics' odds of distress is below 1% at this time. The company is very unlikely to encounter any financial hardship in the next two years. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
How Much Debt Does XPO Carry? The image below, which you can click on for greater detail, shows that at December 2023 XPO had debt of US$3.20b, up from US$2.33b in one year. However, it does have US$412.0m in cash offsetting this, leading to net debt of about US$2.79b.
We're one of the largest LTL freight providers in North America, with coverage that spans the US, Canada, Mexico and the Caribbean. We're growing to ensure we always say "yes" to customers, no matter how large the volume.
XPO Logistics plans to become solely a trucking company, spinning off its high-tech truck brokerage business into a separate publicly traded firm. "This is one great company becoming two great companies." XPO Chairman and CEO Brad Jacobs told CNBC.
In addition to the expansion through terminal acquisition, XPO Logistics has further solidified its operational capacity and commitment to excellence in 2023 by adding over 1,400 tractors and producing more than 6,400 trailers.
XPO Logistics, a leading global provider of transport and logistics solutions, today announced that it has completed its previously announced acquisition of the majority of Kuehne + Nagel's contract logistics operations in the UK and Ireland.
In 2006, CNF rebranded itself Con-way, Inc.On September 9, 2015, it announced it was being acquired by XPO Logistics. The sale was completed on October 30, 2015 and the Con-way brand had been retired by May 9, 2017.
GXO will be the biggest pure-play logistics company in the world. With several different businesses under its umbrella, XPO CEO Brad Jacobs believed that XPO's current combined structure made the transportation stock difficult to value because the company had no true peers. The separation takes care of that problem.
Address: Apt. 203 613 Huels Gateway, Ralphtown, LA 40204
Phone: +2135150832870
Job: Regional Design Producer
Hobby: Nordic skating, Lacemaking, Mountain biking, Rowing, Gardening, Water sports, role-playing games
Introduction: My name is Fredrick Kertzmann, I am a gleaming, encouraging, inexpensive, thankful, tender, quaint, precious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
XPO, INC. 
