XPO Logistics Posts Mixed Results
Helping customers move their products from place to place is the bread and butter of XPO Logistics (NYSE: XPO), and the rapid adoption of e-commerce has created new logistical challenges that present opportunities to XPO and its peers. Yet a fast-changing industry has also threatened to disrupt XPO's core business, and that has many investors nervous about the future for logistics companies.
Coming into Thursday's second-quarter financial report, XPO investors were prepared to see flat sales and earnings. However, XPO wasn't even able to meet that relatively low sales hurdle, and falling revenue balanced against rising profit in a way that shareholders found difficult to parse out.
Image source: XPO Logistics.
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