Key stats
- Market cap
- 22.6B
- Open
- —
- Day range
- —
- 52-week range
- $124.82 – $232.05
- Volume
- 2.93K
- Avg volume
- 1.24M
Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. We estimate LTL shipping makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.