XPO’s market performance these days brings to mind an old Wall Street proverb related to throwing dead cats out of windows.
Clearly, buybacks aren’t doing the trick anymore.
Meanwhile, some key clients – such as Cummins, one of the largest independent diesel engine manufacturers worldwide – have committed to other 3PLs’ services after the very painful loss of Amazon’s business.
“Yes, other shippers are considering their options, as they always do, but we are strong,” …
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Source: The Loadstar