CEO Brad Jacobs tells stockholders 'don't worry, we built XPO like a bulletproof tank'

XPO Logistics chief executive Brad Jacobs has sent a letter to stockholders, which we thought was interesting enough to publish.

To our Stockholders

Things are difficult right now and they’ll get worse in the short-term. Then they’ll get much, much better. That’s what I see for XPO, our industry and the world.

I’m a pragmatic bear in the short-term, because that’s the reality of COVID-19.

We expect that 2020 will be a lost year for earnings growth in our industry and most industries around ...