Citi visited XPO Logistics’ HQ — here's why its research team now thinks the transportation giant's stock could more than double in the next 2 years.
For that reason, XPO's tech-driven "10 initiative strategy" to boost profitability by $700 million to $1 billion by 2022 could be seen as especially impressive. Jacobs is a notable M&A kingpin, but Citi wrote that the CEO is looking to focus more on internal measures to increase profitability in the coming years. Four key initiatives are essential to XPO's cost-efficiency strategy, Citi wrote:to labor productivity.
Automation, which centers on "intelligent robots" and boosting automated picking and packing to increase warehouse productivity. In September, XPO hosted its first Tech Summit in Boston, which was heavily attended by investors looking to learn more about Jacobs' growing transportation empire. Deutsche Bank's freight research team, headed by Amit Mehrotra, said it was the "best investor/analyst events we've attended in several years.
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