XPO's Business Is Accelerating Again
XPO Logistics (NYSE: XPO) has taken investors on a wild ride over the last 18 months, with the longtime outperformer's shares cut in half in late 2018 and early 2019 due to criticism from a short-seller and the unexpected loss of a major customer.
The stock recovered some of what it lost as 2019 went on, but the shipping company delivered another shock last month when it announced it was exploring a sale of one or more of its business units.
XPO's fourth quarter results provided fresh evidence that the issues that pummeled the company's shares a year ago are now in the rearview mirror, but also raised new questions about the plan to break XPO into pieces.
Source Fool.com
