Why XPO Stock Is Accelerating Again Today
A day after XPO (NYSE: XPO) poached a key executive from a rival, Wall Street is weighing in on the wisdom of the move. Historically, one of the best LTL operators has been Old Dominion Freight Line, and the market reacted with a cheer when XPO announced the hiring of longtime Old Dominion exec Dave Bates as its new chief operating officer. Wall Street shares the market's optimism.