Brad Jacobs, CEO of XPO Logistics, discusses prospects for the trucking industry with Bloomberg Markets.
During an interview with Bloomberg’s Alix Steel and Scarlet Fu, Jacobs said consumerism and the retail market is healthy and that business is “booming,” particularly in ecommerce and anything technology related.
He also noted that this year XPO will commit roughly $1 billion to “organic growth.” The focus, he added, will be on growing relationships with company’s 55,000 customers. Next year the company will consider coming back to the acquisition market, according to Jacobs.
Watch the full interview:
