Tracy Alloway

Why is freight so hot again?

Well, freight isn't so hot across the board.

Some companies are still not doing so well in that.

Now, XPO, under Mario, under Mario Horex's leadership, is doing fantastic.

I attribute that mainly to Mario and the team.

The execution of the business plan has been fantastic.

Just laser-like, surgical, getting the damages down, getting the on-time up.

improving the customer experience.

It's just done an amazing job at it.

It's just executed very, very, very, very well on that.

And that's why the stock has performed so well.

But management matters in any company, in any industry.

Management matters a lot.

You can have a strong management team

who understands how you make money, has the nose for money, has the analytical capabilities of knowing what's important and what's not important, treats their employees right, treats their customers right, treats their vendors right, and they'll make a lot of money.

And you'll have the same exact business across the street with not so sharp management.

They don't treat their customers right.

They don't treat their employees right.

They don't treat their vendors right.

And boom, this company doesn't do so well.