Why billionaire Brad Jacobs is putting deal-making on hold

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An interesting look at Brad Jacobs, by Bloomberg. The ambitious chief of XPO has done more than 500 deals in 30 years with previous companies, but has said that, for the time being at least, XPO will be holding off on new deals. Many in the logistics industry have not understood Mr Jacob’s modus operandi, but as this article notes, scepticism over the Con-Way deal was proved wrong. As the article also notes, Jacobs is not just a deal-maker but has also run an oil trading firm, an oil brokerage and founded United Waste, which combined local rubbish collectors, which he sold for $2bn. That was followed by United Rentals. It seems unlikely that XPO will be his last…