Is XPO Logistics Stock a Buy for 2021?
After a series of setbacks in 2018 that brought the bull run in XPO Logistics (NYSE: XPO) shares to a grinding halt, management has strived to exploit opportunities in e-commerce and make up for the loss of a major customer. The stock has doubled since then, but investors have still wondered if XPO will ever be the exponential growth stock it once was.
Well, it might, if management's latest plans to unlock greater value for shareholders are anything to go by. For all you know, 2021 could be the beginning of a transformational journey for XPO Logistics.
XPO Logistics has two reporting segments: logistics and transportation, which accounted for roughly 36% and 64%, respectively, of its revenue in 2019. Its logistics segment is the second-largest provider of contract logistics in the world, while transportation is a leading freight company and the third-largest less-than-truckload provider in North America in terms of sales, right behind FedEx and Old Dominion Freight.
Source Fool.com
