XPO Logistics – Logistics Company Stock
The Massachusetts Institute of Technology is one of the most prestigious educational institutes in the world. XPO Logistics is the first company from the logistics sector to join the Massachusetts Institute of Technology’s Industrial Liaison Program. The goal of the program is to combine the resources of the educational institute and global corporations to solve significant business challenges. Interestingly, XPO Logistics has been responsible for handling the logistics for the Tour De France cycle race. Recently, that contract for handling the logistics was extended till 2024. XPO Logistics has extensive experience in handling less-than-truckload cargo. If you are looking to invest in logistics stocks, then XPO Logistics could be an option and has a strong brand along with a global presence. Recently, XPO Logistics brought in Swati Sharma as the senior vice president. She was earlier the CFO of Amtrak.
XPO Logistics – A Global Logistics Company
XPO Logistics has a significant truck capacity that allows it to serve 50,000 clients. The company is 42,000 employee-strong and has 756 locations around the world. XPO Logistics is the second-largest truck broker globally. In North America, it is the third-largest player. Internationally, the company is a market leader in multiple European countries like the UK, Spain, Portugal, and France. In the third quarter, the revenue of the company was $3.27 billion. The US truck brokerage industry has grown at a CAGR of 7% from 2013 to 2020. In that same time, XPO Logistics’ revenue has grown at a CAGR of 23% and has outperformed the industry. XPO Logistics is also focusing on its sustainability initiatives. It recently expanded its fleet of LNG trucks. If you are looking for a logistics company stock, then it may be a good idea to delve deeper into XPO Logistics.
Invest In Logistics Stocks
XPO Logistics’ stock hit a low of $23 during the March 2020 crash. Since then, it has risen by more than 3 times and was trading above $70 in December 2021. The stock has been one of the star performers over the past year or so.