This Logistics Stock Is Grabbing Tons of Market Share. Time to Buy?
XPO (NYSE: XPO) has transformed itself over the last two years, spinning off both GXO Logistics, its former contract logistics segment, and RXO, its former truck brokerage.
The company made those moves primarily to unlock shareholder value because Chairman Brad Jacobs had long argued that the stock was undervalued due to a "conglomerate discount," since the company had no true publicly traded peers on the market.
Now that it has fulfilled Jacobs' vision and slimmed down to a pure-play less-than-truckload (LTL) carrier in North America and Europe, investors are hopeful that the stock's valuation will improve compared to those of its peers.
Source Fool.com
