XPO Logistics Exec. Chair Brad Jacobs: Transportation is available in the supply chain

Brad Jacobs discusses his new company, which will consolidate an industry using a billion dollars in cash. Jacobs intends to apply his established playbook: buying companies, assimilating and improving them, achieving synergy, building a world-class team, and applying technology. While the specific industry remains undisclosed, Jacobs hints it will be bigger than a refrigerator but smaller than a fridge. He emphasizes the importance of assembling a world-class management team as the biggest challenge. Jacobs also addresses the shift from globalization to reshoring and friendshoring, noting its impact on supply chains and the desire to de-risk dependence on China. He observes a general softness in the economies of Europe and the United States.