Why XPO Logistics Shares Soared in April

Shares of XPO Logistics (NYSE: XPO) gained 12.8% in April, according to data provided by S&P Global Market Intelligence, as the market cheered fresh evidence that shipping demand remains strong and XPO made progress toward a planned two-way split.

XPO is a transportation conglomerate offering a range of services including trucking, freight brokerage, logistics, and fulfillment. The company's shares have more than doubled over the past year, riding the wave of increased business to consumer shipping demand as retail shifted online during the pandemic.

Image source: XPO Logistics.

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Source Fool.com