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 bankruptcy in August. However, XPO CEO Mario Harik emphasized the company had already been "gaining profitable market share."
Harik said XPO had "great performance and pricing in the third quarter," expecting it to continue into Q4. While positioning XPO as a "pure-play North American LTL company," its European business is performing well currently too. But long-term, their priority is ensuring the North America segment thrives.
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.
"In our industry, when you provide great service for your customers, that over time leads to pricing increases and pricing gains as well," Harik tells Yahoo Finance.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
"pure" - Google News
November 02, 2023 at 12:16AM
https://ift.tt/bxameQ3
XPO will be a 'pure-play North American' company: CEO - Yahoo Finance
"pure" - Google News
https://ift.tt/2rITPW9
https://ift.tt/ZIQbLPC
Bagikan Berita Ini
0 Response to "XPO will be a 'pure-play North American' company: CEO - Yahoo Finance"
Post a Comment