FW: XPO closes less-than-truckload demand gap, Deutsche Bank says

FREIGHTWAVES reports:

Less-than-truckload (LTL) activity at XPO Logistics (NYSE: XPO) experienced a “notable inflection” during the third quarter, according to geofencing data provided by Deutsche Bank (NYSE: DB).

In a Monday note to clients, the firm’s transportation equity research analyst, Amit Mehrotra, said “based on our geofencing data we believe XPO should be able to show a noticeable snap back in relative volume performance, which should allow shares to move higher.”

The firm’s data shows that activity levels around XPO terminals were 2% ...