XPO Stock: A Look at the News, Price, and History
News
XPO Logistics, Inc. (XPO) is a leading provider of transportation and logistics services in the United States and Europe. The company has recently made headlines for its acquisition of Con-way Inc., a provider of transportation and logistics services in North America. This acquisition is expected to significantly boost XPO’s revenue and earnings in the coming years.
In addition to the Con-way acquisition, XPO has also been making strategic investments in new technologies to improve its operations and increase efficiency. For example, the company has invested in autonomous vehicles and artificial intelligence to improve its supply chain operations. These investments have helped XPO to stay competitive in the rapidly-evolving logistics industry.
Price
XPO’s stock price has been on a rollercoaster ride in recent years. In 2015, the stock reached a high of $55 per share, but then fell to a low of $25 per share in 2016. Since then, the stock has been on a steady upward trend, reaching a high of $146 per share in 2019. However, the stock has been hit hard by the COVID-19 pandemic, with the stock price dropping to $28 per share in March 2020. However, the stock has since rebounded and is currently trading around $130 per share.
History
XPO Logistics was founded in 2011 by CEO Brad Jacobs, who also founded United Rentals, the world’s largest equipment rental company. The company went public in 2011 and has since grown to become one of the largest transportation and logistics companies in the world.
In 2015, XPO acquired Con-way Inc., a leading provider of transportation and logistics services in North America. This acquisition was a major turning point for the company, as it significantly increased XPO’s revenue and earnings.
In recent years, XPO has been making strategic investments in new technologies to improve its operations and increase efficiency. These investments have helped the company to stay competitive in the rapidly-evolving logistics industry.
Overall, XPO Logistics has a strong track record of growth and innovation, making it a solid investment for those looking to invest in the transportation and logistics industry.