XPO Logistics Releases Chairman’s Letter to Stockholders
XPO, Inc. (XPO)
Last xpo, inc. earnings: 2/10 04:15 pm
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Source: GlobeNewswire
GREENWICH, Conn., April 16, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, has released the text of the 2020 letter to stockholders from Bradley Jacobs, chairman and chief executive officer. The full letter appears below and will be distributed with the company’s proxy statement on April 20. To Our Stockholders Things are difficult right now and they’ll get worse in the short-term. Then they’ll get much, much better. That’s what I see for XPO, our industry and the world. I’m a pragmatic bear in the short-term, because that’s the reality of COVID-19. We expect that 2020 will be a lost year for earnings growth in our industry and most industries around the world. Our first priority is to keep our employees out of harm’s way. Second is our duty as an essential provider of transportation and logistics services. We’re helping communities get through this, so the economy can get back
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