XPO Logistics Gets Benefits From E-Commerce
Delivery companies have experienced a huge transformation because of one overarching theme in the business world: the rise of e-commerce. With customers insisting on quick delivery of essential items, XPO Logistics (NYSE: XPO) has found its services in high demand, especially as it becomes increasingly necessary to find ways to link producers and their customers all the way from a manufacturing plant to a home or business address.
Coming into Wednesday's third-quarter financial report, XPO investors fully believed that the logistics specialist would continue to see strong growth because of favorable trends in the industry. XPO's results were favorable, including some new records for the company. Let's look more closely at how XPO Logistics did and what's coming down the road for the business.
Image source: XPO Logistics.
Source: Fool.com
Xpo Logistics Inc. Stock
With 34 Buy predictions and 2 Sell predictions Xpo Logistics Inc. is one of the favorites of our community.
As a result the target price of 125 € shows a slightly positive potential of 19.9% compared to the current price of 104.25 € for Xpo Logistics Inc..
