FedEx's divestiture of LTL business marks end of conglomerate era [Yahoo! Finance]
XPO, Inc. (XPO)
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Source: Yahoo! Finance
30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers. This strategic shift reflects a changing landscape in the logistics industry and a return to core competencies for FedEx. The journey began in the mid-1990s when FedEx acquired Viking Freight, a regional LTL carrier operating primarily in the Western United States. This move was soon followed by the purchase of American Freightways in 2001 for $1.2 billion, which expanded FedEx's LTL presence into the Midwest, South, and Northeast. These acquisitions were rebranded as FedEx Freight in 2002, creating a nationwide LTL network that complemented FedEx's existing parcel services. At the time, the strategy made sense. FedEx aimed to offer customers a one-stop-shop for all their shipping needs, from small packages to full truckloads. This approach mirrored that of its chief rival, UPS, which had acquired Overnite Transportation in 2005 for $1.25 billion to establish its o
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- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $150.00 to $167.00. They now have a "buy" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at Oppenheimer Holdings Inc. from $148.00 to $176.00. They now have an "outperform" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at JPMorgan Chase & Co. from $146.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- GXO CEO to Retire in 2025 as Logistics Firm Reportedly Ends Sale Process [Yahoo! Finance]Yahoo! Finance
- XPO, Inc. (NYSE: XPO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $165.00 price target on the stock.MarketBeat
XPO
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- 10/30/24 - Beat
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- 12/3/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- XPO's page on the SEC website