1 No-Brainer Trucking Stock to Buy With $500 Right Now [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
XPO (NYSE: XPO) , for example, jumped 1,460% in the 2010s, meaning it would have turned $500 into more than $7,000 in 10 years. The company has evolved significantly since then, spinning off the GXO Logistics contract logistics business and the RXO truck brokerage businesses, but XPO's recent earnings report showed why the stock continues to look like a no-brainer buy right now. In a difficult logistics environment, XPO delivered strong results in the first quarter, posting 5.8% revenue growth to $2.02 billion, and 9% revenue growth in its core North American LTL (less-than-truckload) segment. The overall revenue number edged out expectations of $2.01 billion, but what was really impressive about the quarter was the company's bottom-line improvement. Adjusted operating ratio -- which is the inverse of operating margin -- in North American LTL improved from 89.6% to 85.7%, or 390 basis points, which drove adjusted operating income up 50% to $175 million and adjusted earnings befor
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GXO
News
- Radial Announces Billy Peterson as Senior Vice President of Service Delivery Operations [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with Apptronik [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with ApptronikGlobeNewswire
- GXO Logistics, Inc. (GXO): Did this Freight Stock Beat the Market in Q1? [Yahoo! Finance]Yahoo! Finance
- Here's Why GXO Logistics (GXO) Experienced a Setback in Q1 [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 5/7/24 - In-Line
GXO
Sec Filings
- 6/13/24 - Form 4
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- GXO's page on the SEC website