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home / news releases / XPO - Notable trucking sector bankruptcy could benefit companies like FedEx ArcBest and XPO Logistics

XPO - Notable trucking sector bankruptcy could benefit companies like FedEx ArcBest and XPO Logistics

XPO Logistics Inc.
Bank of America calls out a small benefit from the bankruptcy of Central Freight Lines for Old Dominion Freight Line (NASDAQ:ODFL), Saia, Inc. (NASDAQ:SAIA), ArcBest (NASDAQ:ARCB), XPO Logistics (NYSE:XPO), FedEx (NYSE:FDX), TFI International (NYSE:TFII) and Knight-Swift Transportation Holdings (NYSE:KNX). Central Freight Lines, which is the 21st largest less-than-truckload carrier by revenue, is winding down operations today after 96 years in operation. There are no plans to reorganize. Analyst Ken Hoexter says the less-than-truckload sector could see a stronger pricing backdrop in some regional markets from the removal of an undisciplined carrier or where assets are absorbed. See Seeking Alpha Quant Ratings across the trucking sector.

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Notable trucking sector bankruptcy could benefit companies like FedEx, ArcBest and XPO Logistics
Stock Information
Company Name: XPO Logistics Inc.
Stock Symbol: XPO
Market: NYSE
Website: xpo.com
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