(Corrects speaker as CEO)
LOS ANGELES, May 5 (Reuters) – XPO Logistics Inc shares jumped almost 13% on Tuesday after executives said its e-commerce fulfillment, returns and home delivery businesses are thriving during the novel coronavirus pandemic.
“E-commerce saved us in April… It was our strongest performing vertical across the board,” Chief Executive Officer Bradley Jacobs said on a conference call with analysts.
XPO is courting new e-commerce business and squeezing costs via warehouse and other automation projects since losing two-thirds – or $600 million – of its Amazon.com Inc business early last year.
The company’s shares, which topped $114