Citi: XPO Logistics' stock has potential to double by 2022 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Citi visited XPO Logistics’ HQ — here's why its research team now thinks the transportation giant's stock could more than double in the next 2 years.

For that reason, XPO's tech-driven "10 initiative strategy" to boost profitability by $700 million to $1 billion by 2022 could be seen as especially impressive. Jacobs is a notable M&A kingpin, but Citi wrote that the CEO is looking to focus more on internal measures to increase profitability in the coming years. Four key initiatives are essential to XPO's cost-efficiency strategy, Citi wrote:to labor productivity.

Automation, which centers on "intelligent robots" and boosting automated picking and packing to increase warehouse productivity. In September, XPO hosted its first Tech Summit in Boston, which was heavily attended by investors looking to learn more about Jacobs' growing transportation empire. Deutsche Bank's freight research team, headed by Amit Mehrotra, said it was the "best investor/analyst events we've attended in several years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why one analyst thinks Uber's stock could double - Business InsiderBarclays analysts expect Uber's fourth-quarter earnings results to be more impressive than its third-quarter report.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: S&P 500, Dow, Nasdaq post record highs - Business InsiderThe Dow Jones Industrial Average, S&P 500 index, and Nasdaq composite all rose during US trading on Friday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: John Hussman lists red flags, sees 65% drop - Business Insider'An overextended market losing its engines': A notorious bear says tons of red flags are piling up around stocks — and doubles down on his call for a 65% plunge cant even read this junk? wants me to pay to read useless crap EnemyOfThePeople
Source: BusinessInsider - 🏆 729. / 51 Read more »

Next stock market crash: Options warn of high-volatility event ahead - Business Insider'It's a very unusual time': The stock market just triggered a flurry of under-the-radar signals that have experts worried a painful meltdown could soon strike
Source: BusinessInsider - 🏆 729. / 51 Read more »

One of these 16 finalists will become Business Insider's 2019 Car of the YearBrands represented this year are Audi, BMW, Cadillac, Ford, Honda, Lamborghini, Mazda, Mercedes-Benz, Nissan, Porsche, RAM, Subaru, and Toyota.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook is quietly setting the stage for an unprecedented new chapter in its business - Business InsiderFacebook is quietly setting the stage for an unprecedented new chapter in its business ...not being a platform for white supremicists and elitists? After The Great Hack which hack is to follow?
Source: BusinessInsider - 🏆 729. / 51 Read more »