Tight U.S. Truckload Capacity Drives Robust Operating Conditions in XPO's Fourth Quarter
In the fourth quarter, global transportation and logistics firm XPO Logistics’ organic top line grew more than 10% year over year. Total gross revenue came in ahead of our forecast due in part to the rapid acceleration in pricing conditions across the firm’s freight brokerage and less-than-truckload operations (linked to tightening capacity and healthy demand). Consolidated adjusted EBITDA margin increased 10 basis points to 8%, and was largely in line with our expectations. We note the firm met...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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