What happened to XPO Logistics' shares?
· On Monday morning, shares of XPO Logistics ( XPO -1.70%) opened down more than 40%, but there is no bad news to report. The company completed its long-awaited split in two, meaning half of the ...
How did XPO’s stock perform in 2021?
· What happened. XPO Logistics (NYSE: XPO) released its first quarterly earnings report late yesterday since spinning out GXO Logistics (NYSE: GXO) as an independent company, and investors were not ...
What does the XPO and GXO split mean for shareholders?
Shares of XPO Logistics ( XPO -0.99%) fell more than 11% on Friday morning after the transportation company reported second-quarter earnings. XPO did report a loss in what was a noisy quarter due ...
What's the difference between GXO logistics and XPO trucking?
· There's another possible reason for XPO shares falling: New York-based hedge fund Brenner West Capital Partners, which counted XPO Logistics as its largest holding with 669,119 shares as at the ...
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· XPO Logistics ( XPO 3.55%) stock fell steeply in Friday trading after reporting a big "earnings miss" Thursday evening, closing the day down 13.2% XPO said it …
Is XPO a good stock to buy?
XPO Logistics's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 17 Wall Streets Analysts.
Will XPO shareholders get GXO stock?
XPO common stock that trades in the “regular-way” market will trade with an entitlement to shares of GXO common stock distributed pursuant to the distribution, such that holders of XPO common stock who sell XPO shares regular way before August 2, 2021 will also be selling their right to receive shares of GXO common ...
Is XPO going to split?
XPO Logistics Inc. plans to split its freight brokerage and North American trucking operations into two publicly traded companies, a full-scale breakup that comes after it separated its contract logistics business last year.
Who will buy XPO Logistics?
STG LogisticsSTG Logistics has acquired XPO Logistics' intermodal division, the third-largest provider of containerized transportation services in North America, in an all-cash transaction totaling approximately $710 million.
Why did XPO change to GXO?
The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.
What does XPO spinoff mean for shareholders?
Recently, XPO Logistics (NYSE:XPO) approved a plan to spin-off its logistics segment into a separate publicly traded company. The spinoff would result in XPO shareholders owning shares in both individual companies with increased levels of transparency into the operations of each standalone segment.
Is XPO Logistics being sold?
[Stay on top of transportation news: Get TTNews in your inbox.] XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million. In 2021, Greenwich, Conn.
Is trucking going out of business?
According to Broughton Capital, 640 trucking companies in the United States went bankrupt – in the first six months of 2019. While this number seems high, what is shocking is that it's nearly three times the amount of trucking-specific bankruptcy filings during the entire 2018 calendar year.
Who bought XPO intermodal?
STG LogisticsSTG Logistics has acquired XPO Logistics' intermodal division for $710 million, the companies announced Friday, advancing XPO's spin-off plans revealed earlier this month. Approximately 700 employees and 48 locations have been transferred to STG in the transaction, according to an XPO news release.
Second-quarter results are not going over well on Wall Street
What happened
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
So what
Shares of XPO Logistics ( NYSE:XPO) fell more than 11% on Friday morning after the transportation company reported second-quarter earnings. XPO did report a loss in what was a noisy quarter due to the COVID-19 pandemic and a number of one-time items, but the sell-off appears to be an overreaction to what seems to have been a decent quarter.
Now what
After markets closed Thursday XPO reported a second-quarter loss of $0.63 per share on revenue of $3.5 billion, beating analyst expectations for a $0.73 per share loss on revenue of $3.38 billion.
What happened
Clearly, XPO is feeling the impact of the current market conditions. While the adjusted EBITDA number beat expectations, it was down 62% year over year. And less-than-truckload shipping revenue declined 20%.
So what
XPO Logistics (NYSE: XPO) shares can't seem to find the floor. After a painful double-digit drop in October, investors hoping for some relief were in for a rude shock as the stock tumbled 15.1% in November, according to data provided by S&P Global Market Intelligence.
The loss of business from the company's largest customer could impact sales and cash flow in 2019
While volatility in the broader market, especially industrials sector, hit XPO shares hard in October, it was an unexpected news release from the company on Oct. 31 that sent its shares crashing last month.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
XPO Logistics ( NYSE:XPO) stock fell steeply in Friday trading after reporting a big "earnings miss" Thursday evening, closing the day down 13.2%
Now what
It gets worse. Sales for the fourth quarter increased 5% year over year, but profits didn't come close to matching that increase. To the contrary, fourth-quarter profit declined 56% year over year -- a big letdown given that full-year profits increased 18% -- faster than sales growth of 12%.
What happened
That loss appears likely to impact this year's results, as well. Updating guidance for fiscal 2019, XPO told investors to expect sales to grow only 3% to 5% this year -- as much as $600 million less than the company would have collected but for the cutback in sales to its largest customer (which XPO did not name).
So what
XPO Logistics (NYSE: XPO) stock fell steeply in Friday trading after reporting a big "earnings miss" Thursday evening, closing the day down 13.2%
Now what
It gets worse. Sales for the fourth quarter increased 5% year over year, but profits didn't come close to matching that increase. To the contrary, fourth-quarter profit declined 56% year over year -- a big letdown given that full-year profits increased 18% -- faster than sales growth of 12%.
XPO Logistics Media Sentiment
That loss appears likely to impact this year's results, as well. Updating guidance for fiscal 2019, XPO told investors to expect sales to grow only 3% to 5% this year -- as much as $600 million less than the company would have collected but for the cutback in sales to its largest customer (which XPO did not name).
Media Coverage
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XPO Logistics (NYSE XPO) News Headlines Today
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With a sale off the table, Oppenheimer lowers its outlook for XPO
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
On a generally green day for stocks as a whole, with the S&P 500 rising about 1.5% at the market close, shares of XPO Logistics ( NYSE:XPO) ended Thursday with a definite reddish tinge, down 3.3%. At one point today, XPO shares were down as much as 6%.
Now what
Early Thursday, Oppenheimer reduced its price target for XPO, cutting the stock from $106 to $85 despite retaining an outperform rating.
Earnings, a rival's move, and a potential sell-off by a hedge fund could be triggering fears among XPO Logistics investors
Whatever XPO's reasons, with the catalyst of a potential sale of the company no longer on the table, Oppenheimer has now concluded that XPO is worth a bit less than it used to be.
What happened
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.
So what
XPO Logistics ( NYSE:XPO) shares can't seem to find the floor. After a painful double-digit drop in October, investors hoping for some relief were in for a rude shock as the stock tumbled 15.1% in November, according to data provided by S&P Global Market Intelligence.
Now what
While volatility in the broader market, especially industrials sector, hit XPO shares hard in October, it was an unexpected news release from the company on Oct. 31 that sent its shares crashing last month.
