Shore Capital Restated “Buy” Rating For Man Group PLC (LON:EMG); Xpo Logistics (XPO) Shorts …

In a report revealed to clients and investors on 11 April, Shore Capital reiterated their “Buy” rating on shares of Man Group PLC (LON:EMG).

Man Group plc (LON:EMG) Logo

Xpo Logistics Inc (NYSE:XPO) had an increase of 3.71% in short interest. XPO’s SI was 8.53M shares in April as released by FINRA. Its up 3.71% from 8.22 million shares previously. With 3.51M avg volume, 2 days are for Xpo Logistics Inc (NYSE:XPO)’s short sellers to cover XPO’s short positions. The SI to Xpo Logistics Inc’s float is 7.56%. The stock increased 2.41% or $1.44 during the last trading session, reaching $61.2. About 1.72 million shares traded. XPO Logistics, Inc. (NYSE:XPO) has declined 50.96% since April 11, 2018 and is downtrending. It has underperformed by 55.33% the S&P500. Some Historical XPO News: 23/04/2018 – XPO Logistics Appoints Kenneth Wagers as Operating Chief; 03/04/2018 – REG-XPO Logistics Uses Emerging Technology in Robot Security Program; 06/03/2018 XPO LOGISTICS EUROPE SA XPO.PA – SIGNED NEW CONTRACT WITH SOPREMA; 02/05/2018 – XPO Logistics 1Q EPS 50c; 23/03/2018 – Hold XPO Logistics – it’s best in class, says @JimCramer; 07/03/2018 – CAFC: XPO LOGISTICS WORLDWIDE v. US [RULE 36 JUDGMENT] – Appeal #18-1202 – 2018-03-07; 02/04/2018 – XPO Logistics Closes Below 50-Day Moving Average: Technicals; 24/04/2018 – REG-XPO Logistics Launches New Flexible Distribution Model for Omnichannel Retail and E-Commerce Customers; 11/04/2018 – REG-XPO Logistics Launches Single-Entry Platform for Multimodal Freight Transportation Solutions; 23/04/2018 – XPO LOGISTICS INC – TROY COOPER PROMOTED TO PRESIDENT

In a report revealed to clients and investors on 11 April, Shore Capital reiterated their “Buy” rating on shares of Man Group PLC (LON:EMG).

More notable recent XPO Logistics, Inc. (NYSE:XPO) news were published by: Fool.com which released: “XPO Off-Loads Chief Operating Officer as Focus Shifts – The Motley Fool” on March 16, 2019, also Fool.com with their article: “Better Buy: XPO Logistics vs. JB Hunt Transportation – The Motley Fool” published on March 30, 2019, Benzinga.com published: “Amazon.com, Inc. (NASDAQ:AMZN), XPO Logistics, Inc. (NYSE:XPO) – Wagers, XPO’s COO, Leaves Company After Position Is Eliminated – Benzinga” on March 12, 2019. More interesting news about XPO Logistics, Inc. (NYSE:XPO) were released by: Fool.com and their article: “3 Top Value Stocks to Buy Right Now – The Motley Fool” published on March 31, 2019 as well as Benzinga.com‘s news article titled: “2 Analysts Find XPO Logistics Attractive (NYSE:XPO) After 20% Drop – Benzinga” with publication date: December 13, 2018.

XPO Logistics, Inc. provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, Asia, and internationally. The company has market cap of $6.68 billion. The companyÂ’s Transportation segment offers freight brokerage, last mile, drayage, expedite, less-than truckload, intermodal, truckload, and forwarding services; and time-critical, time-sensitive, or high priority freight shipment services. It has a 21.25 P/E ratio. The Company’s Logistics segment provides contract logistics services, including engineered and customized solutions, value-added warehousing and distribution, cold chain solutions, omni-channel distribution, reverse logistics, transportation management, freight bill audit and payment, lean manufacturing support, aftermarket support, and supply chain optimization solutions to firms and government agencies.

Among 12 analysts covering XPO Logistics (NYSE:XPO), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. XPO Logistics has $130 highest and $65 lowest target. $77.54’s average target is 26.70% above currents $61.2 stock price. XPO Logistics had 24 analyst reports since October 30, 2018 according to SRatingsIntel. The company was downgraded on Monday, January 14 by KeyBanc Capital Markets. Raymond James maintained it with “Buy” rating and $65 target in Tuesday, February 19 report. Bank of America maintained XPO Logistics, Inc. (NYSE:XPO) rating on Thursday, December 13. Bank of America has “Buy” rating and $84 target. Oppenheimer maintained XPO Logistics, Inc. (NYSE:XPO) rating on Friday, April 5. Oppenheimer has “Outperform” rating and $65 target. Morgan Stanley maintained XPO Logistics, Inc. (NYSE:XPO) rating on Monday, November 5. Morgan Stanley has “Overweight” rating and $128 target. The stock has “Buy” rating by Loop Capital Markets on Tuesday, February 19. The firm has “Overweight” rating by Barclays Capital given on Monday, December 17. SunTrust maintained XPO Logistics, Inc. (NYSE:XPO) rating on Tuesday, February 19. SunTrust has “Buy” rating and $65 target. The rating was maintained by Stifel Nicolaus on Tuesday, February 19 with “Buy”. Credit Suisse maintained it with “Outperform” rating and $119 target in Monday, November 5 report.

Investors sentiment decreased to 0.73 in 2018 Q4. Its down 0.35, from 1.08 in 2018Q3. It dived, as 93 investors sold XPO Logistics, Inc. shares while 129 reduced holdings. 57 funds opened positions while 105 raised stakes. 85.15 million shares or 9.73% less from 94.33 million shares in 2018Q3 were reported. Utd Services Automobile Association has invested 0% in XPO Logistics, Inc. (NYSE:XPO). Middleton Ma has 9,560 shares. Signalpoint Asset Ltd Llc reported 25,157 shares stake. Jane Street Gru Limited Liability Company reported 120,926 shares. Cambridge Investment Research Advsrs holds 8,537 shares. 36,335 were reported by Tocqueville Asset L P. Gulf Intll Retail Bank (Uk) invested 0.03% in XPO Logistics, Inc. (NYSE:XPO). Alphamark Advsrs Limited Liability Com holds 2.08% or 75,906 shares. 87,639 are owned by Cushing Asset Mgmt Limited Partnership. Robeco Institutional Asset Mgmt Bv invested in 11,558 shares or 0% of the stock. Moreover, Guggenheim Llc has 0.01% invested in XPO Logistics, Inc. (NYSE:XPO) for 21,592 shares. 170,556 were reported by State Board Of Administration Of Florida Retirement. Balyasny Asset Mngmt Ltd Liability Corporation stated it has 24,334 shares. Bessemer Grp owns 0% invested in XPO Logistics, Inc. (NYSE:XPO) for 590 shares. Efg Asset Management (Americas) Corp holds 1.08% or 52,772 shares.

Among 4 analysts covering Man Group PLC (LON:EMG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Man Group PLC has GBX 190 highest and GBX 160 lowest target. GBX 171.25’s average target is 22.45% above currents GBX 139.85 stock price. Man Group PLC had 11 analyst reports since October 12, 2018 according to SRatingsIntel. The stock of Man Group plc (LON:EMG) has “Neutral” rating given on Monday, January 21 by JP Morgan. The stock of Man Group plc (LON:EMG) earned “Buy” rating by Shore Capital on Friday, October 12. The firm earned “Buy” rating on Friday, October 19 by Shore Capital. Credit Suisse maintained the shares of EMG in report on Wednesday, December 5 with “Outperform” rating. On Monday, April 8 the stock rating was maintained by UBS with “Buy”. JP Morgan maintained it with “Neutral” rating and GBX 160 target in Tuesday, March 5 report. On Tuesday, April 9 the stock rating was maintained by Jefferies with “Buy”. As per Monday, October 22, the company rating was upgraded by UBS.

Man Group plc provides alternative investment management services worldwide. The company has market cap of 2.13 billion GBP. The firm offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It has a 8.23 P/E ratio. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.

More notable recent Man Group plc (LON:EMG) news were published by: Benzinga.com which released: “The Largest Publicly Traded Hedge Fund Saw The Largest Inflows Since 2011 – Benzinga” on April 20, 2017, also Valuewalk.com with their article: “Man Group PLC Completes Acquisition of Pine Grove – ValueWalk” published on August 04, 2014, Medgadget.com published: “High Quality Dry Electrodes for Previously Impossible EMG Studies | – Medgadget” on July 13, 2016. More interesting news about Man Group plc (LON:EMG) were released by: Medgadget.com and their article: “Blink’s TwitchView for Neuromuscular Blockade Monitoring – Medgadget” published on May 01, 2018 as well as Valuewalk.com‘s news article titled: “Brevan Howard Overtakes Man Group As Europe’s Largest Hedge Fund – ValueWalk” with publication date: November 11, 2013.

The stock decreased 1.20% or GBX 1.7 during the last trading session, reaching GBX 139.85. About 2.21 million shares traded. Man Group plc (LON:EMG) has 0.00% since April 11, 2018 and is . It has underperformed by 4.37% the S&P500.

XPO Logistics, Inc. (NYSE:XPO) Institutional Positions Chart

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Stocks That Make The World A Better Place: XPO Logistics (XPO), Lattice Semiconductor …

With the previous 100-day trading volume average of 1.68 million shares, Lattice Semiconductor Corporation (LSCC) recorded a trading volume of …

XPO Logistics (XPO) has showcased an outstanding performance over the period of the last few trading sessions, now having traders and analysts notably interested in XPO stock. The question is, however, whether investing in XPO will live up to expectations that analysts and traders are placing from the present point. Investors and analysts are usually focused on the volume and the price as some of the main indicators in the value of a given stock, and in this case, XPO appears to be a valuable investment.

XPO Logistics (XPO) Performance

The recent performance of XPO stock in the market spoke loud and clear to investors as XPO saw more than 3.40M shares in trading volumes in the last trading session, way higher than the average trading volume of 3.40M shares by far recorded in the movement of XPO Logistics. At the time the stock opened at the value of $59.20, making it a high for the given period, the value of the stock jumped by 1.64%. After the increase, XPO touched a low price of $58.02, calling it a day with a closing price of $58.57, which means that the price of XPO went 59.53 below the opening price on the mentioned day.

Given the most recent momentum in the market in the price movement of XPO stock, some strong opinions on the matter of investing in the company’s stock started to take shape, which is how analysts are predicting an estimated price of $78.00 for XPO within consensus. The estimated price would demand a set of gains in total of 32.42%, which goes higher than the most recent closing price, indicating that the stock is in for bullish trends. Other indicators are hinting that the stock could reach an outstanding figure in the market share, which is currently set at 106.93M in the public float and 6.40B US dollars in market capitalization.

XPO Logistics (XPO) Technical Analysis

When it comes to the technical analysis of XPO stock, there are more than several important indicators on the company’s success in the market, one of those being the Relative Strength Indicator (RSI), which can show, just as Stochastic measures, what is going on with the value of the stock beneath the data. This value may also indicate that the stock will go sideways rather than up or down, also indicating that the price could stay where it is for quite some time. When it comes to Stochastic reading, XPO stock are showing 96.06% in results, indicating that the stock is neither overbought or oversold at the moment, providing it with a neutral within Stochastic reading as well.

Additionally, XPO with the present state of 200 MA appear to be indicating bearish trends within the movement of the stock in the market. While other metrics within the technical analysis are due to provide an outline into the value of XPO, the general sentiment in the market is inclined toward negative trends.

A Look At Lattice Semiconductor Corporation (NASDAQ:LSCC)

With the previous 100-day trading volume average of 1.68 million shares, Lattice Semiconductor Corporation (LSCC) recorded a trading volume of 1.69 million shares, as the stock started the trading session at the value of $12.68, in the end touching the price of $12.86 after jumping by 1.42%.

Lattice Semiconductor Corporation (LSCC) Intraday View

LSCC stock seem to be going ahead the lowest price in the last 52 weeks with the latest change of 154.65%. Then price of LSCC also went forward in oppose to its average movements recorded in the previous 20 days. The price volatility of LSCC stock during the period of the last months recorded 3.51%, whilst it changed for the week, now showing 3.57% of volatility in the last seven days. The trading distance for this period is set at 3.14% and is presently away from its moving average by 16.82% in the last 50 days. During the period of the last 5 days, LSCC stock gain around 7.80% of its value, now recording a sink by 60.21% reaching an average $8.06 in the period of the last 200 days. During the period of the last 12 months, Lattice Semiconductor Corporation (LSCC) jumped by 85.84%.

Consensus Price Target for Lattice Semiconductor Corporation (LSCC)

According to the Reuter’s scale, the company’s consensus rating jumped to 1.86 from 1.83, showing an overall improvement during the course of a single month. Based on the latest results, analysts are suggesting that the target price for LSCC stock should be $12.86 per share in the course of the next 12 months. To achieve the target price as suggested by analysts, LSCC should have a spike by 0% in oppose to its present value in the market. Additionally, the current price showcases a discount of 14.27% when compared to the high consensus price target predicted by analysts.

Lattice Semiconductor Corporation (LSCC) Intraday Trading

LSCC shares recorded a trading volume of 2.18 million shares, compared to the volume of 2.00M shares before the last close, presented as its trading average. With the approaching 3.57% during the last seven days, the volatility of LSCC stock remained at 3.51%. During the last trading session, the lost value that LSCC stock recorded was set at the price of $12.86, while the lowest value in the last 52 weeks was set at $5.05. The recovery of the stock in the market has notably added 154.65% of gains since its low value, also recording 2.06% in the period of the last 1 months.

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Nrg Energy (Put) (NRG) Share Price Rose While Highbridge Capital Management Cut Its Stake …

… NRG Energy 1Q EPS 87c; 15/05/2018 – Elliott Management Corporation Exits Position in NRG Energy; 03/05/2018 – NRG Energy 1Q Net $279M.

XPO Logistics, Inc. (NYSE:XPO) Logo

Highbridge Capital Management Llc decreased its stake in Nrg Energy Inc (Put) (NRG) by 45.95% based on its latest 2018Q4 regulatory filing with the SEC. Highbridge Capital Management Llc sold 85,000 shares as the company’s stock rose 5.94% with the market. The hedge fund held 100,000 shares of the public utilities company at the end of 2018Q4, valued at $3.96M, down from 185,000 at the end of the previous reported quarter. Highbridge Capital Management Llc who had been investing in Nrg Energy Inc (Put) for a number of months, seems to be less bullish one the $11.68B market cap company. The stock decreased 0.90% or $0.38 during the last trading session, reaching $41.86. About 481,053 shares traded. NRG Energy, Inc. (NYSE:NRG) has risen 54.94% since April 5, 2018 and is uptrending. It has outperformed by 50.57% the S&P500. Some Historical NRG News: 09/03/2018 – NRG ENERGY TO CLOSE THREE NATGAS POWER PLANTS IN CALIFORNIA; 07/05/2018 – NRG ENERGY-ENTERED THIRD AMENDMENT DEAL TO EXTEND MATURITY DATE OF REVOLVING LOANS, REVOLVING COMMITMENTS OF TRANCHE A ACCEPTING LENDER TO JUNE 30, 2021; 05/04/2018 – NRG Energy Withdraws Nomination of Pastor Kirbyjon Caldwell for Board, No Other Nominee Named in Place; 03/05/2018 – NRG EXPECTS TO COMPLETE $1B IN SHARE BUY-BACKS BY YEAR-END; 03/05/2018 – NRG ENERGY INC SAYS MAINTAINING 2018 GUIDANCE; 15/03/2018 – Spark Energy re-energizes sale attempt; 26/04/2018 – NRG Releases 2017 Sustainability Report, Continues its Best-in-Class Reporting; 03/05/2018 – NRG Energy 1Q EPS 87c; 15/05/2018 – Elliott Management Corporation Exits Position in NRG Energy; 03/05/2018 – NRG Energy 1Q Net $279M

Signalpoint Asset Management Llc increased its stake in Xpo Logistics Inc (XPO) by 102.68% based on its latest 2018Q4 regulatory filing with the SEC. Signalpoint Asset Management Llc bought 12,745 shares as the company’s stock declined 36.24% while stock markets rallied. The institutional investor held 25,157 shares of the consumer services company at the end of 2018Q4, valued at $2.14 million, up from 12,412 at the end of the previous reported quarter. Signalpoint Asset Management Llc who had been investing in Xpo Logistics Inc for a number of months, seems to be bullish on the $6.44B market cap company. The stock increased 0.68% or $0.4 during the last trading session, reaching $58.97. About 684,459 shares traded. XPO Logistics, Inc. (NYSE:XPO) has declined 50.96% since April 5, 2018 and is downtrending. It has underperformed by 55.33% the S&P500.

Another recent and important NRG Energy, Inc. (NYSE:NRG) news was published by Investorplace.com which published an article titled: “Trade of the Day: NRG Energy Is Good for a Breakout Bull Move – Investorplace.com” on March 13, 2019.

Since January 3, 2019, it had 0 buys, and 2 selling transactions for $2.08 million activity. $1.35 million worth of NRG Energy, Inc. (NYSE:NRG) was sold by Killinger Elizabeth R.

Investors sentiment decreased to 1.01 in 2018 Q4. Its down 0.18, from 1.19 in 2018Q3. It is negative, as 36 investors sold NRG shares while 141 reduced holdings. 66 funds opened positions while 113 raised stakes. 266.62 million shares or 1.86% more from 261.75 million shares in 2018Q3 were reported. Moreover, First Republic Invest Management has 0% invested in NRG Energy, Inc. (NYSE:NRG) for 6,352 shares. Bnp Paribas Arbitrage Sa holds 0% or 101,632 shares. State Of New Jersey Common Pension Fund D holds 900,000 shares. New Jersey Better Educational Savings reported 0.3% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Wedge L LP Nc stated it has 0.17% of its portfolio in NRG Energy, Inc. (NYSE:NRG). State Treasurer State Of Michigan has 0.03% invested in NRG Energy, Inc. (NYSE:NRG) for 82,968 shares. First Trust LP reported 0.04% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Janney Montgomery Scott Ltd Liability invested in 0% or 5,274 shares. Acadian Asset Lc has 0% invested in NRG Energy, Inc. (NYSE:NRG) for 2,303 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 0.01% in NRG Energy, Inc. (NYSE:NRG). Mitsubishi Ufj Bk stated it has 250,433 shares. Cornerstone Inc holds 0% or 272 shares in its portfolio. Bremer Natl Association holds 0% or 60 shares. Ellington Mgmt Gp Lc has 0.13% invested in NRG Energy, Inc. (NYSE:NRG) for 10,700 shares. Pictet Asset Mgmt Limited reported 0.01% of its portfolio in NRG Energy, Inc. (NYSE:NRG).

Analysts await NRG Energy, Inc. (NYSE:NRG) to report earnings on May, 2. They expect $0.84 earnings per share, down 3.45% or $0.03 from last year’s $0.87 per share. NRG’s profit will be $234.34 million for 12.46 P/E if the $0.84 EPS becomes a reality. After $0.13 actual earnings per share reported by NRG Energy, Inc. for the previous quarter, Wall Street now forecasts 546.15% EPS growth.

Highbridge Capital Management Llc, which manages about $32.39B and $3.39B US Long portfolio, upped its stake in Emerson Elec Co (Put) (NYSE:EMR) by 32,400 shares to 65,400 shares, valued at $3.91 million in 2018Q4, according to the filing. It also increased its holding in Owens Corning New (Call) (NYSE:OC) by 15,000 shares in the quarter, for a total of 65,000 shares, and has risen its stake in Fiat Chrysler Automobiles N.

XPO Logistics, Inc. (NYSE:XPO) Institutional Positions Chart

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Two Sigma Investments LP Buys 77164 Shares of XPO Logistics Inc (XPO)

Two Sigma Investments LP lifted its stake in XPO Logistics Inc (NYSE:XPO) by 692.6% during the 4th quarter, according to its most recent 13F filing …

XPO Logistics logoTwo Sigma Investments LP lifted its stake in XPO Logistics Inc (NYSE:XPO) by 692.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,305 shares of the transportation company’s stock after purchasing an additional 77,164 shares during the period. Two Sigma Investments LP owned 0.07% of XPO Logistics worth $5,037,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of XPO Logistics by 20.3% in the 3rd quarter. Hsbc Holdings PLC now owns 24,359 shares of the transportation company’s stock valued at $2,781,000 after purchasing an additional 4,115 shares during the period. Morgan Stanley boosted its holdings in shares of XPO Logistics by 50.1% during the third quarter. Morgan Stanley now owns 1,557,140 shares of the transportation company’s stock worth $177,779,000 after acquiring an additional 519,553 shares during the period. Prudential Financial Inc. boosted its holdings in shares of XPO Logistics by 2.1% during the third quarter. Prudential Financial Inc. now owns 36,552 shares of the transportation company’s stock worth $4,174,000 after acquiring an additional 750 shares during the period. Tdam USA Inc. boosted its stake in shares of XPO Logistics by 292.7% in the fourth quarter. Tdam USA Inc. now owns 24,350 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 18,150 shares during the period. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of XPO Logistics in the fourth quarter valued at approximately $609,000.

Several equities research analysts recently issued reports on XPO shares. Deutsche Bank set a $108.00 price target on XPO Logistics and gave the company a “buy” rating in a research note on Tuesday, January 1st. Bank of America reiterated a “buy” rating and issued a $84.00 price target (down from $103.00) on shares of XPO Logistics in a research note on Thursday, December 13th. Cowen reiterated a “buy” rating and issued a $112.00 price target on shares of XPO Logistics in a research note on Thursday, December 13th. Jefferies Financial Group boosted their price target on XPO Logistics to $120.00 and gave the company a “buy” rating in a research note on Thursday, December 13th. Finally, SunTrust Banks started coverage on XPO Logistics in a research note on Wednesday, December 12th. They issued a “buy” rating and a $83.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $92.49.

XPO traded down $0.29 during trading on Wednesday, hitting $51.05. 11,889 shares of the stock traded hands, compared to its average volume of 4,642,963. XPO Logistics Inc has a twelve month low of $41.05 and a twelve month high of $116.27. The company has a market cap of $5.61 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.71 and a beta of 2.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 14th. The transportation company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.11). XPO Logistics had a net margin of 2.44% and a return on equity of 10.83%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts expect that XPO Logistics Inc will post 3.67 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Two Sigma Investments LP Buys 77,164 Shares of XPO Logistics Inc (XPO)” was originally published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/03/27/two-sigma-investments-lp-buys-77164-shares-of-xpo-logistics-inc-xpo.html.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company’s Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

Further Reading: What Are Treasury Bonds?

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

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Uber Freight will face challenges in Europe

Uber Freight, the digital freight marketplace arm of US-based ride-hailing giant Uber, announced earlier this week that it’s entering the European …

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers. To receive the full story plus other insights each morning, click here.

Uber Freight, the digital freight marketplace arm of US-based ride-hailing giant Uber, announced earlier this week that it’s entering the European market, beginning with the Netherlands, according to Freight Waves.


Business Insider Intelligence

This will be Uber Freight’s first overseas expansion.

Uber Freight has grown rapidly in the US but will face a pair of roadblocks on theEuropean continent. Founded in 2017, Uber Freight hit a $500 million revenue run rate last August. The unit has quickly amassed about 30,000 active users; its app has been downloaded more than 328,000 times and by 12% of truckers in the US. But translating this domestic success to Europe won’t come easy:

  • Uber Freight will come up against competition from some familiar faces. German logistics behemoth DHL — the world’s largest logistics company — launched its own digital freight marketplace back in early 2017. And XPO Logistics, the Connecticut-based delivery firm, launched its XPO Connect digital marketplace in Europe earlier this month. Truckers in Europe have been working with these legacy carriers since before the days of digital marketplaces, and the relationships won’t be easily disrupted. This is something that’s evident in the US digital freight market: Uber Freight is outpaced by legacy players Coyote, C.H. Robinson, and DAT.
  • Strained public relations and regulatory backlash have likely damaged the Uber brand. Uber’s core business has faced a long line of challenges in Europe, starting with Transport for London’s decision to temporarily suspend its license to operate in the city back in 2017. More recently, Uber was kicked out of Barcelona after local taxi drivers escalated long-running protests against the firm’s labor practices. Lastly, Uber was dealt a pair of blows by the EU’s top court, including a ruling that it must be regulated as a taxi company (Uber claims it’s a technology platform). All of this regulatory and PR baggage could damage the Uber name enough to deter truckers and shippers from using the firm’s freight marketplace.

Uber Freight isn’t likely to dethrone legacy carriers in the European digital freight space — but this won’t matter to the firm. The EU truckload space is a $400 billion market, per figures cited by TechCrunch, making it the world’s third-largest trucking market after the US and China. Given the challenges Uber Freight will face on the continent — and the fact that Freight isn’t Uber’s core business — it likely doesn’t view vaulting ahead of legacy carriers as imperative for success in the region.

Instead, Uber is likely hoping Freight will attract digitally savvy truckers or trucking companies that don’t have longstanding relationships with legacy players, enabling the firm to capture a piece of the massive market and a valuable supplemental revenue stream to its operations in the US.

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1. Sign up for the Transportation & Logistics Briefing to get it delivered to your inbox 4x a week. >> Get Started

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