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Shares of XPO Logistics (NYSE: XPO) were surging this week after the less-than-truckload (LTL) transportation specialist named a new chief operating officer, poaching Dave Bates from Old Dominion Freight Line (NASDAQ: ODFL) , the company considered to be the best-in-class operator in LTL.
As of Friday afternoon at 12:41 p.m. ET, the stock was up 31% for the week, according to data from S&P Global Market Intelligence .