In this issue of the WHAT THE TRUCK?!? newsletter: XPO and Saia stock skyrocket; Super Bowl logistics; wait times; and more.

XPO and Saia stock go to the moon

XPO founder turns away from logistics to "highly fragmented" industry.

Building products mark the spot for Brad Jacobs’ new focus: QXO

The Project Logistics Market size is expected to grow by USD 59.41 billion, accelerating at a CAGR of almost 4.3% during the forecast period. The market is experiencing significant growth driven by the increasing demand for project logistics within the automotive industry.

Project Logistics Market size to increase by USD 59.41 billion during 2023-2028- Technavio

Fintel reports that on October 31, 2023, Benchmark maintained coverage of XPO (NYSE:XPO) with a Buy recommendation.  Analyst Price Forecast Suggests 13.52% Upside  As of October 31, 2023, the average one-year price target for XPO is 87.

Benchmark Maintains XPO (XPO) Buy Recommendation

Fintel reports that on October 31, 2023, Stephens & Co. maintained coverage of XPO (NYSE:XPO) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 4.84% Upside As of October 5, 2023, the average one-year price target for XPO is 81.

Stephens & Co. Maintains XPO (XPO) Equal-Weight Recommendation

Operator: Welcome to the XPO Third Quarter 2023 Earnings Conference Call and Webcast. My name is Rob and I will be your operator for today

XPO Logistics, Inc. (NYSE:XPO) Q3 2023 Earnings Call Transcript

Bernhard zur Strassen has been appointed as new managing director and CEO of time:matters GmbH, succeeding Alexander Kohnen.

Bernhard zur Strassen takes over as MD and CEO of time:matters

Begin your TipRanks Premium journey today. XPO (XPO) Company Description: XPO Logistics, Inc. engages in the provision of supply chain solutions. It operates through the following segments: Transportation and Logistics. The Transportation segment includes ...

Rising Prospects for XPO: Buy Rating Justified by Strong Q3 Performance and Anticipated Early Delivery of 2027 Margin Targets

XPO (NYSE: XPO) today announced its financial results for the third quarter 2023, reflecting a solid performance in a soft industry environment for

XPO, Inc.: XPO Reports Third Quarter 2023 Results

XPO reported a third-quarter-earnings beat on Monday as fallout from a competitor’s closure overshadowed a soft macroeconomic environment.

XPO beats Q3 expectations

XPO Logistics

xpologistics

Imagine empty shelves in supermarkets, closed cafes, and abandoned cars on the street with no fuel in tanks. This isn’t the beginning of a global war or a zombie apocalypse — it’s what will happen in America if the trucking industry stops for just three days. Trucking is the backbone of logistics in the States. Trucks move roughly 71% of the nation’s freight by weight, from iPhones to aspirin and toilet paper. The industry employs 8.5 million U.S. citizens. The significance of trucking in this country was one of the reasons why I moved here in 2017 and why I founded a trucking startup as an immigrant. There are other reasons, too. Highest Rates Per Mile When I first ventured into the trucking business in 2016-2017, I thought India was an excellent market because of its growing pace. But while the industry there did develop fast, low rates per mile meant I wouldn’t have revenue as high as in the U.S. The average rate per mile in India is about 98 cents. For reference: It’s $2.42 in Canada and $2.90 in the U.S. And this is the most important metric, which directly impacts the profitability and sustainability of a trucking business. Best Roads and Trucks The U.S. has the world’s largest road network, with over 4 million miles of roads, including more than 164,000 miles of the National Highway System. India is in second place with a gap of about 100,000 miles. Such an extensive network allows U.S. truck drivers to deliver goods fast while burning less fuel. This means higher revenues. The U.S. is also home to some of the most driver-friendly trucks in the industry. UPS, FedEx, XPO Logistics, and many others invest in state-of-the-art vehicles. I can’t even allow myself to call them trucks — these are apartments on wheels. Some cabins could put studio apartments to shame. Comfortable beds, refrigerators, microwave ovens, satellite TV, and Wi-Fi make spending days on the road much more enjoyable. Immigrant-Friendly Field The U.S. is known as a nation of immigrants, and this diversity is well reflected in the trucking industry. Immigrants make up nearly 19% of 3.5 million employed drivers, which is slightly higher than the 17% in the country’s overall labor force. Why so? The main reasons are a good salary and a straightforward learning process. Truck drivers earn on average $60,000 per year. Median for hospitality or construction industries, which are also popular with immigrants, stands at around $30,000. To become a truck driver in America, you need just two things: about two months of training and a commercial driver's license. Many companies even offer in-house training for immigrants. Super-Fast Market When I landed in the U.S. to launch a startup in 2017, the market size was already substantial at $700 billion. In 2022, it hit $940 billion. In 2026, it’s projected to reach $4 trillion. The key growth drivers (no pun intended) include rapid e-commerce expansion, high industry competitiveness, and integration of data analytics and AI. Innovative startups are constantly emerging in the market to help drivers and dispatchers make more money. With AI, for example, drivers can forecast load volumes, delivery times, market trends, and seasonal changes accurately. Dispatchers, in turn, can handle three times more requests. The trucking industry still has room for new players, despite huge companies already in the market, like Uber Freight, Emerge, Loadsmart, and Transfix. If you have an idea about automating trucking processes and making logistics generally easier for businesses, the U.S. market is a great place to start. Feature Image: Stakh Vozniak, co-founder and CEO at Cargofy, at Iowa 80 Truckstop. Photo from 2017. Imagine empty shelves in supermarkets, closed cafes, and abandoned cars on the street with no fuel in tanks. This isn’t the beginning of a global war or a zombie apocalypse — it’s what will happen in America if the trucking industry stops for just three days. Imagine empty shelves in supermarkets, closed cafes, and abandoned cars on the street with no fuel in tanks. This isn’t the beginning of a global war or a zombie apocalypse — it’s what will happen in America if the trucking industry stops for just three days. Trucking is the backbone of logistics in the States. Trucks move roughly 71% of the nation’s freight by weight, from iPhones to aspirin and toilet paper. The industry employs 8.5 million U.S. citizens. 71% 71% 71% The significance of trucking in this country was one of the reasons why I moved here in 2017 and why I founded a trucking startup as an immigrant. There are other reasons, too. Highest Rates Per Mile Highest Rates Per Mile When I first ventured into the trucking business in 2016-2017, I thought India was an excellent market because of its growing pace. But while the industry there did develop fast, low rates per mile meant I wouldn’t have revenue as high as in the U.S. The average rate per mile in India is about 98 cents. For reference: It’s $2.42 in Canada and $2.90 in the U.S. And this is the most important metric, which directly impacts the profitability and sustainability of a trucking business. Best Roads and Trucks The U.S. has the world’s largest road network, with over 4 million miles of roads, including more than 164,000 miles of the National Highway System. India is in second place with a gap of about 100,000 miles. Such an extensive network allows U.S. truck drivers to deliver goods fast while burning less fuel. This means higher revenues. The U.S. is also home to some of the most driver-friendly trucks in the industry. UPS, FedEx, XPO Logistics, and many others invest in state-of-the-art vehicles. I can’t even allow myself to call them trucks — these are apartments on wheels. Some cabins could put studio apartments to shame. Comfortable beds, refrigerators, microwave ovens, satellite TV, and Wi-Fi make spending days on the road much more enjoyable. Immigrant-Friendly Field Immigrant-Friendly Field The U.S. is known as a nation of immigrants, and this diversity is well reflected in the trucking industry. Immigrants make up nearly 19% of 3.5 million employed drivers, which is slightly higher than the 17% in the country’s overall labor force. 19% 19% 19% Why so? The main reasons are a good salary and a straightforward learning process. Truck drivers earn on average $60,000 per year. Median for hospitality or construction industries, which are also popular with immigrants, stands at around $30,000. $60,000 $60,000 $60,000 To become a truck driver in America, you need just two things: about two months of training and a commercial driver's license. Many companies even offer in-house training for immigrants. Super-Fast Market When I landed in the U.S. to launch a startup in 2017, the market size was already substantial at $700 billion . In 2022, it hit $940 billion . In 2026, it’s projected to reach $4 trillion . $700 billion $700 billion $700 billion $940 billion $940 billion $940 billion $4 trillion $4 trillion $4 trillion The key growth drivers (no pun intended) include rapid e-commerce expansion, high industry competitiveness, and integration of data analytics and AI. Innovative startups are constantly emerging in the market to help drivers and dispatchers make more money. With AI, for example, drivers can forecast load volumes, delivery times, market trends, and seasonal changes accurately. Dispatchers, in turn, can handle three times more requests. (no pun intended) The trucking industry still has room for new players, despite huge companies already in the market, like Uber Freight, Emerge, Loadsmart, and Transfix. If you have an idea about automating trucking processes and making logistics generally easier for businesses, the U.S. market is a great place to start. Feature Image: Stakh Vozniak, co-founder and CEO at Cargofy, at Iowa 80 Truckstop. Photo from 2017. Feature Image: Stakh Vozniak, co-founder and CEO at Cargofy, at Iowa 80 Truckstop. Photo from 2017.

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