Panjiva Daily: XPO smashes sales and crushes profitability, Oakland’s cool and America’s 13th time unlucky — Panjiva
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Panjiva Daily: XPO smashes sales and crushes profitability, Oakland’s cool and America’s 13th time unlucky

Global 1390 Panjiva Daily 723

XPO Logistics has followed almost all the other freight forwarders in beating sales estimates with lower profit margins – competition remains fierce. Oakland’s building out its cold-chain handling capacity. The U.S. deficit rose for a 13th time, overshadowing China and NAFTA talks. Also: Canada’s trade data raises the risk of a hardening NAFTA stance; Argentine and Brazil apply metals export quotas; Mexican food and beverage exporters benefit from Cinco de Mayo popularity; Star Wars Day brings the prospect of weak merchandise sales; the result of U.S.-China talks will be more talks; Ceva...

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