XPO Capitalizes on Highly Favorable Freight Brokerage and LTL-Shipping Backdrop in Its 1Q
Global transportation and logistics firm XPO Logistics' first-quarter top line grew 11% year over year on an organic basis. Total gross revenue came in ahead of our forecast, primarily because of strength in the European trucking operations, which are benefiting from a strong rate environment. Relative to the same period last year, the revenue increase came from solid organic growth in freight brokerage (up 30%) and last mile (up 15%) in North America, and increased dedicated-truckload demand in...XPO Logistics is a global provider of supply chain solutions to various companies. The company has two reporting segments: Transportation and Logistics. The company's Transportation segment facilitates the movement of raw materials, parts and finished goods. The company's transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. The company'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.
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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