XPO will be a 'pure-play North American' company: CEO

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XPO (XPO) stock has soared over 120% year-to-date. The freight transportation firm saw a 5% jump in daily shipments last quarter, aided by rival Yellow's...

) stock has soared over 120% year-to-date. The freight transportation firm saw a 5% jump in daily shipments last quarter, aided by rival Yellow's bankruptcy in August. However, XPO CEO Mario Harik emphasized the company had already been"gaining profitable market share."

Though serving large accounts like Ulta, John Deere, and Ford, Harik stressed much success stems from"mom and pop companies" and smaller accounts. With over 3,000 new local customers, XPO has steadily continued to gain share, Harik says. Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene'

 

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