XPO, Inc. (XPO) Stock Rating & Analysis

After spinning off its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving toward becoming a pure-play asset-based less-than-truckload carrier. LTL shipping is estimated at 60% of total revenue and its European truckload and LTL operations at 40%, though the LTL segment's EBITDA mix is much higher than 60%. XPO is believed to intend to divest its European trucking division once it finds the right buyer.