Here's How XPO Logistics Stock Could Double By Next Year
XPO Logistics (NYSE: XPO) was one of the best performers on the stock market last decade.
Through a series of acquisitions in transportation and logistics, including Con-Way Trucking and Norbert Dentressangle in Europe, the company came out of nowhere to become a major player in logistics, building up a significant presence in areas including freight brokerage, contract logistics, less-than-truckload (LTL), and last-mile delivery.
Through the 2010s, the stock returned an impressive 1,460%, but more recently, XPO has encountered challenges that have pushed shares down significantly from the all-time highs they reached in 2018.
Source Fool.com
