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Announces New Board of Directors for XPO Post-Spin-Off

XPO Logistics, Inc. (NYSE: XPO) today announced that its board of directors has approved the previously announced separation of its tech-enabled brokered transportation platform through the distribution of all of the outstanding shares of common stock of its wholly owned subsidiary, RXO, Inc., to holders of XPO common stock. ....

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United Rentals (URI) Gets a Hold Rating from Oppenheimer

Markets
Oppenheimer analyst Scott Schneeberger assigned a Hold rating to United Rentals (URI – Research Report) yesterday. The company’s shares closed last Wednesday at $324.85, close to its 52-week high of $341.00.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 14.0% and a 67.6% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service International, Target Hospitality, and Stericycle.
Currently, the analyst consensus on United Rentals is a Moderate Buy with an average price target of $328.60, a 1.6% upside from current levels. In a report issued on April 13, Deutsche Bank also maintained a Hold rating on the stock with a $348.00 price target. ....

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Trucking: More acquisitions planned once XPO splits company

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