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XPO - XPO Logistics


Liberty

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Not a lot of activity on this thread, meanwhile the stock is up >4x since the last post in 2016.

 

Announced a spin off of their lower-margin contract logistics segment.

 

Jacobs clearly believes the LTL segment should be valued closer to ODFL (also SAIA, ARCB) which trades at 18x Fwd EBITDA vs. 10x for XPO. SAIA trades for 13x EBITDA as well.

 

We'll see if he's right...

 

https://investors.xpo.com/static-files/22fbf6b2-111d-4fbb-acfd-999f56fdab69

 

https://www.logisticsmgmt.com/article/the_top_25_trucking_and_less_than_truckload_ltl_companies_in_2017

 

 

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