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Transportation M&A image Transportation M&A » By The Online Investor Staff, updated Sat., Jan. 23, 8:42 AM Recent mergers and acquisitions in the Transportation M&A category.

Slide #72. XPO Logistics, Inc. OHL's Turbo Logistics

Acquirer: XPO Logistics, Inc. (NYSE:XPO)
Acquiree: OHL's Turbo Logistics
Details: XPO Logistics, Inc. announced that it has acquired the operating assets of Turbo Logistics, Inc., the freight brokerage division of Ozburn-Hessey Logistics, LLC (OHL). The cash purchase price was $50 million, excluding any working capital adjustments, with no assumption of debt. The acquisition is expected to be immediately accretive to earnings.

XPO Logistics is a global provider of supply chain solutions to various companies. Co. has two reporting segments: Transportation and Logistics. Co.'s Transportation segment facilitates the movement of raw materials, parts and finished goods. Co.'s transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. Co.'s Logistics segment services include warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services.

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Company Name: 
XPO Logistics, Inc.
Stock buyback: 
XPO buyback
Website: 
www.xpo.com
Sector: 
Airlines
Number of ETFs Holding XPO: 
70
Total Market Value Held by ETFs: 
$1.58B
Total Market Capitalization: 
$11.45B
% of Market Cap. Held by ETFs: 
13.82%
 

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Strong Buy (3.56 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)

Analysts' Target Price:
XPO Stock Forecast

Based on Zacks ABR data;
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