News / Share buyback more important right now than acquisitions, says XPO chief

XPO Logistics has put its merger and acquisition file back on the shelf while it looks to re-address recent dramatic declines in its share price.

Chief executive Brad Jacobs told The Loadstar in an interview that XPO’s management had come to the conclusion that its investment war chest would be better employed on a new share buyback programme.

However, he was adamant that the company would eventually return to M&A.

“There are a lot of attempted deals going on, although not many have ...