Why XPO Logistics Looks Like a Recovery Winner
XPO Logistics (NYSE: XPO) hit all-time highs this past week. The diversified transportation and logistics company already looked like a promising way to play the recovery, given the cyclical nature of the business and the recent strength in the manufacturing sector, but signs are now emerging that its growth may ramp up even faster than expected. Now, in his annual shareholder letter released on April 13, CEO Brad Jacobs sounded as bullish as ever on the company's future, saying: "After a painful 12 months for pretty much everyone, 2021 and 2022 are shaping up to be big comeback years for the vast majority of our customers."
