XPO Logistics chief executive Brad Jacobs has confirmed that the company’s ‘growth by acquisition’ strategy is on hold, after deploying nearly $2bn to shore up its share price.
“We are not actively pursuing any M&A at the moment; we are much more focused internally,” he told The Loadstar yesterday, shortly after XPO reported its first-quarter results to the New York Stock Exchange.
However, he added: “There will be a day when we …
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Source: The Loadstar
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