Take a look at XPO Logistics (XPO), a $17 billion (revenues) firm that is, I surmise, destined to either crush or buy out Transfix, the doughty little enterprise featured in the December 31 Forbes Magazine. There are two reasons why, in the business of moving goods, spoils go to the big guys. If you doubt that, try solving the traveling salesman problem (shortest route connecting N cities) on your home computer. It's a tricky business, scheduling freight so that no mile and no cubic foot of cargo space is wasted. XPO, at 18 times trailing earnings, is a lot cheaper than Emery was.

Source: Forbes December 18, 2018 10:52 UTC