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Stock Market & Financial Investment News

News Breaks
March 31, 2014
06:08 EDTXPOXPO Logistics sell-off a buying opportunity, says Deutsche Bank
Deutsche Bank views the recent pullback in shares of XPO Logistics as a buying opportunity. The firm attributes the sell-off to a combination of merger arbitragers and sector rotation into value. It views the pullback as overdone and keeps a Buy rating on XPO with a $38 price target.
News For XPO From The Last 14 Days
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February 4, 2016
13:55 EDTXPOXPO Logistics trims truck terminals in cost reduction plan, WSJ says
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January 29, 2016
16:14 EDTXPOXPO Logistics reduces workforce by 190 positions in less-than-truckload business
XPO Logistics continued with its plan for synergies in its less-than-truckload business acquired from Con-way. Approximately 160 non-sales positions have been eliminated with most of the reductions being in administrative, management and back office functions, and impacted less than 1% percent of the LTL workforce in North America. Another 30 positions were eliminated in other parts of the company, primarily to address redundancies created by the acquisition. Collectively, the actions are expected to reduce annual costs by more than $20M against a targeted operating profit improvement of $170M-$210M over two years. To date, approximately $50M of expected annualized savings have been achieved in the three months since the company acquired Con-way on October 30, 2015.

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