FW: Oppenheimer analysts see fertile ground for Jacobs’ plans at new venture QXO
FREIGHTWAVES reports: One of Wall Street’s first takes on ambitious plans by XPO/RXO/GXO founder Brad Jacobs ...
XPO Logistics smugly trumped consensus estimates when it revealed its Q3 numbers last Thursday, very unusually mid-way through the trading session rather than after closing – every little helps, I guess, in terms of “managing expectations” and the resulting upside.
The shares suddenly rose over 5%, briefly touching $100 then some profit-taking occurred – now they are only a whisker away from the $100 mark, anyway – but the analysts nonetheless were full of praise for management during the customary conference call ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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