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Investment group's transportation and logistics team compared the LTL carrier's long-term performance to a team that focuses well on the basics and eschews fancy passes and dunks.
In response to weak demand, Maersk has also cancelled options for eight containerships - six 19,630-TEU vessels and two 3,600-TEU feeder ships - and could cancel eight more, according to the Danish shipping conglomerate.
XPO Logistics, which announced Friday it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc., will cut more than 10 percent of current Con-way staff at its Ann Arbor, Mich. headquarters and Portland, Ore. IT center.