Ryder System – don't mention the 'I' word
Will 2024 be the trough?
With the DSV-Panalpina deal not dead, just, umm, sleeping, it could be time for XPO Logistics to wake up.
The $7.3bn-market-cap US freight heavyweight has had a share price nightmare since short-sellers published a report in December casting doubt (hotly disputed) on its financial reporting and M&A strategy.
XPO’s share price, which had already been heading south from a September high of $114, nose-dived almost overnight to $44.50. They closed last week around $57 and the class-action lawyers are circling.
But before the ...
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