Latest news with #BradJacobs
CNBC
4 days ago
- Business
- CNBC
Cramer's Lightning Round: QXO can go higher
QXO: "I think this stock actually is going to go higher. Why? Because it's Brad Jacobs. He will not let it stay down here." Gentex: "I cannot believe how low its gotten. It's a very good company." Energy Transfer: "ET is an absolutely terrific company...I do prefer ONEOK more." Trade Desk: "I should have told people to pull the trigger after that one unfortunate quarter that Jeff Green had." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
5 days ago
- Business
- Yahoo
Fleet sizes vs. fast food locations: How they compare
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Drive Axle. In this issue: Fleet sizes vs. fast food locations; drivers share their pay; DIY port; and more. Fleet sizes vs. fast food restaurant locationsGrok Crunchwraps and crunching numbers — I never knew how much XPO and Taco Bell were alike. We all know McDonald's is everywhere, but so are megafleets. That got me curious: How do the largest fleets compare in size to the number of major chain restaurants? I'm not the only one. When I posted about this on LinkedIn, Brad Jacobs seemed to enjoy my But, if XPO is the Taco Bell of fleets, who is the McDonald's of fleets? Turns out J.B. Hunt and Schneider National both have 12,000-14,000 trucks while McDonald's has over 13,000 locations in the U.S. Grok Did you know that McDonald's isn't the biggest fast food chain in the U.S.? That distinction belongs to Subway, with over 19,000 stores. The only fleet that large is Knight-Swift. Despite AI only listing approximately 19,000 trucks for Knight-Swift, the company actually dwarfs Subway with over 27,000 tractors. (Verdict: Dooner>AI) Saia, Landstar and Old Dominion are the Dunkin' of Although AI says none can compare to Chili's, and I'm sure Reed Loustalot would agree with that statement, New Legend and Western Flyer Express both have 1,200 tractors to match Chili's 1,200 locations. Arby's not only has the beef, but it also has 3,398 locations in the U.S.. Marten has 3,349 tractors, making it the Arby's of carriers. Anthony Fecarotta cut his teeth at XPO and filled his mouth with Taco Bell. You may be wondering why Starbucks was curiously absent from this list. David Coffield made his own comparison. There are roughly the same number of food service DCs as there are Starbucks. In terms of fleets, UPS is the closest with over 19,000 trucks. Which fast food restaurant does your fleet match up with? Email me. DIY Port Did you know that you can buy a gantry crane on Alibaba? Even better: You can pay in four easy, interest-free Klarna payments! Bankrate But beware. Missed payments and overspending are starting to become a problem for buy-now, pay-later services. Driver, what's your pay? Truck driver pay is all over the place, so when I saw Indeed list the average truck driver salary as $93,190, it got me curious. Google Wednesday on WHAT THE TRUCK?!?, I caught up with former trucker Justin Martin to break down pay and look at a series of popular TikToks where drivers explain their rate per mile (usually in comically confused ways.) Here's what you all had to say about your pay: This is just a cross section of the replies I received, but maybe Indeed isn't too far off on its average. And of course, net and gross can be two vastly different numbers in trucking. If you really want to dive deep on your own operating numbers, check out Adam Wingfield's Playbook. Is the FMCSA finally getting serious? Earlier this year, the FMCSA made some key changes to the Unified Registration System in an effort to fight the freight fraud epidemic. Starting on April 1, mandatory identity verification via Idemia became a requirement for all new motor carriers. Per CarrierOK: 'This chart shows the monthly counts of Filed vs. Published new carrier applications, and the Filed-to-Published conversion rate (white line). After FMCSA's identity verification became mandatory in April 2025, published counts (light blue) dropped by over 50%, while filings (dark blue) held steady – driving the conversion rate down from ~65% to ~30%.' Read the full report here. WTT Friday Blitz week breakdown: top violations – Friday on WHAT THE TRUCK?!?, I'm catching up with SearchCarrier's Garrett Allen. His new site allows you to easily look up any carrier and see how often it's been put out of service, inspected and more. We're diving into his blitz week dashboard to break down this year's top violations. Konexial's Jerry D'Addesi on the latest in AI load matching, double broker prevention and edge computing. Plus: Trump appeals tariff ruling; FMCSA's new policy craters new trucking authorities; a look at where the post-Memorial Day market is headed; and more. Catch new shows live at noon ET Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel The fit – Head on over to to get our made-in-the-USA T-shirt collection. Also, now all products get free shipping in the U.S. Now on demand Thanks for reading, and feel free to forward this to a friend. Tweet @ Dooner Email me Subscribe to the newsletter Subscribe to the show Apple Podcasts Spotify YouTube TikTok Twitter Or simply look up WHAT THE TRUCK?!? on your favorite podcast player. Or, if you have SiriusXM, tune in to the show Monday, Wednesday and Friday at 5 p.m. Eastern time on Road Dog Trucking Channel 146. Exit through the gift shop: Don't be a stranger, Dooner The post Fleet sizes vs. fast food locations: How they compare appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Why QXO Stock Is Down Today
QXO announced a secondary offering to replenish its cash reserves. The company has stated its intentions to be a consolidator, and these deals are a way to raise cash to grow the business. 10 stocks we like better than Qxo › QXO (NYSE: QXO) is restocking its war chest, but that comes with a near-term hit to existing holders. Shares of QXO traded down 10% as of 11 a.m. ET after the building products distribution company launched a new stock and convertible offering. QXO is a new company formed by serial entrepreneur Brad Jacobs that aims to consolidate the building products distribution business. The company closed its first deal last month, an $11 billion purchase of Beacon Roofing Supply, and remains on the hunt for further targets. Late Monday, QXO took a step to replenish its cash coffers. The company said it was looking to raise $1 billion via a sale of common shares and a separate issue of convertible stock. QXO said it would use the net proceeds to repay indebtedness under its senior secured term loan facility, "which will strengthen the company's position with respect to future acquisition opportunities." Existing shares tend to come under pressure when a secondary offering is announced because it adds additional supply to the market, which can alter supply and demand dynamics. In QXO's case, the sale comes at a time when the stock was on an upswing, meaning that despite Wednesday's decline, the stock is still up more than 3% since late last week. Investors need to focus on the long-term here. Yes, in the near term, the stock sale will cause dilution. But those buying in should focus on what Jacobs is trying to build and understand that project will require capital. Jacobs is the architect of two of the top-performing Fortune 500 companies of the last decade, United Rentals and XPO. He's following the same playbook here, which involves both using tech to expand margins and grow organically, as well as consolidating fragmented markets. Jacobs has targeted $50 billion in annual sales for QXO in the years to come, compared to about $10 billion right now. As QXO grows, it should be able to use free cash flow to fund its dealmaking activities. But for now, the offerings represent the quickest, most efficient way to build capital. Before you buy stock in Qxo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Qxo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lou Whiteman has positions in QXO and XPO. The Motley Fool recommends XPO. The Motley Fool has a disclosure policy. Why QXO Stock Is Down Today was originally published by The Motley Fool
Yahoo
20-05-2025
- Business
- Yahoo
QXO targets $50 billion in annual revenue, plans to double Beacon EBITDA
-- QXO Inc (NYSE:QXO), which recently completed its $11 billion acquisition of Beacon Roofing Supply (NASDAQ:BECN), outlined its ambitious growth strategy on Tuesday. CEO Brad Jacobs, the company's driving force, announced plans to transform QXO into a tech-enabled leader in the $800 billion building products distribution industry, aiming for $50 billion in annual revenue over the next decade. During a presentation in New York, Jacobs detailed seven core themes that will underpin the company's strategy. These include delivering exceptional shareholder value by building a profitable $50 billion revenue business, leveraging the substantial total addressable market with durable demand drivers, and applying a disciplined approach to mergers and acquisitions (M&A). QXO plans to at least double Beacon's legacy EBITDA organically and pursue further growth through acquisitions in existing and adjacent verticals. QXO's business strategy is focused on consolidating the highly fragmented building products distribution industry. The company intends to apply the same successful playbook used in previous ventures, such as United Waste, United Rentals (NYSE:URI), and XPO, to drive organic growth and expand margins. This approach has historically generated significant free cash flow, which QXO plans to reinvest in continued M&A activities. The selection of the building products distribution industry is based on its strong fundamentals, including secular tailwinds from the undersupplied U.S. housing market and substantial infrastructure investment. Jacobs highlighted the resilience of Beacon, a leading national platform in exterior building products, which has demonstrated robust performance through economic cycles and is poised to serve as a launchpad for QXO's ambitious revenue goals. QXO's plan to double Beacon's EBITDA organically within five years involves nine major workstreams, including organizational optimization, talent emphasis, procurement, inventory management, and technology enhancements. The early integration efforts following the acquisition of Beacon have already shown promising results, with initiatives in sales, pricing, and procurement delivering early revenue and EBITDA improvements. The company's leadership team, which brings a wealth of expertise across various skill sets, is deeply engaged in executing this strategy. Additionally, QXO has established a compensation structure that closely aligns the interests of its management with shareholder value, with significant equity stakes held by the CEO and senior leaders, and performance-based incentives tied to exceeding the S&P 500's 55th percentile. In conclusion, Jacobs expressed confidence in QXO's strategy to become a global leader in tech-enabled building products distribution, with the acquisition of Beacon marking a strategic first step towards achieving the company's long-term financial goals. Related articles QXO targets $50 billion in annual revenue, plans to double Beacon EBITDA Elon Musk says Tesla is already back Deutsche Bank cuts Chubb rating on 'slowing growth and peaking margins' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
18-05-2025
- Business
- Wall Street Journal
Meet the Takeover King Who Leans on Yoga and Team Bonding to Make Billions
Brad Jacobs starts every morning with meditation and yoga. He jokes that the 'X's and 'O's he puts in the names of his companies stand for hugs and kisses. He engages employees in group bonding exercises that can last for hours. The 68-year-old, who has built a career striking more than 500 deals in sleepy industries such as garbage collection and supply-chain logistics, has become an unlikely guru in M&A circles.
