Comment / 'Bates-fuelled' XPO rally – now it gets serious

ID 36497596 © Tom Wang | Dreamstime.com

’I start to smell the wind of change, not only because of a different investment model,’ I wrote last week on Wednesday, 12 April, focusing on value, XPO and less-than-truckload (LTL) dynamics stateside.

Indeed, our ’On the road to glory with $100-plus XPO?’ was quite timely.

(Shameless self-promotion out of the way.)

Loaded

There were qualitative developments (the new COO Bates rocket) yesterday, 20 April. They weren’t that hard to quantify, either: XPO rallied +18%, aiming at six-month highs on a day when US ...