XPO Inc
XPO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$17.00 | Bmbq | Bkzssqc |
XPO's 2024 Growth Outlook Solid Thanks to Share Gains and Favorable Pricing Backdrop
Business Strategy and Outlook
XPO got its start in mid-2011, when entrepreneur Brad Jacobs led an equity investment in expedited freight brokerage firm Express-1 Expedited Solutions. Jacobs launched an acquisition strategy targeting the asset-light U.S. highway brokerage industry. By mid-2013, XPO's deal focus evolved beyond truck brokerage into heavy-goods last-mile delivery, intermodal, and global contract logistics. Then in 2015, XPO jumped into the asset-based trucking landscape with the acquisition of less-than-truckload carrier Con-Way.