XPO Inc
XPO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$52.00 | Mxhp | Mrkzstslw |
XPO: Firm Acquires Terminals From Former Industry Giant Yellow; Deal Looks Favorable at First Glance
XPO successfully bid for 28 service centers previously operated by bankrupt rival Yellow, for a purchase price of about $870 million. Note that several other large LTL carriers including Saia also successfully bid for facilities, but it appears XPO's deal was the largest. The transaction is still subject to certain closing conditions, but we expect it to close.