XPO Logistics – Logistics Sector Stock
XPO Logistics is a major player in the truck brokerage industry. It has a strong presence in North America, Europe, and other countries around the world. The logistics business has been an interesting one lately as rising costs and inflation have been in the news. Though the Baltic Dry Index has fallen significantly from its October 2021 highs, the focus on logistics looks likely to increase in the future. So, as an investor, it may be a wise thing to start exploring logistics stocks. You may be interested in investing in logistics stocks, or you may not. But, learning more about the sector might be a good idea for investors to be able to gauge the economy. It is believed that XPO logistics operates 1 million trucks worldwide. It is the highest-ranked logistics and transport company on Fortune’s list for that industry.
XPO Releases Its Q32021 Financials
On 2nd November 2021, XPO Logistics released its third-quarter earnings numbers. The total revenue increased from $2.6 billion in Q32020 to $3.2 billion. The operating income, however, was down from $138 million in Q32020 to $112 million as there were transaction, restructuring, and integration costs during the quarter. The company reported a net loss of $57 million for the third quarter as compared to a profit of $93 million in Q32020. The earnings per share on a diluted basis came in at minus $0.49 as compared to $0.83 in Q32020. Company CEO Brad Jacobs said that the quarterly revenue numbers were above street expectations. He further stated that the revenue in the third quarter of 2021 was the highest in any quarter in history. If you are interested in a logistics sector stock, then it is worth spending some time on XPO Logistics.
Investing In Logistics Stocks
A look at the long-term stock chart for XPO shows an uptrend with a fair amount of cyclicality. The major noticeable cycles are from 2013 to 2015, 2016 to 2019, and the current cycle, which began post the March 2020 crash. The stock last closed at $71.86 on 14th December 2021.
