Karr: Brad Jacobs buying Con-way was an exceptional capital allocation decision
Adam Carr · Adam Karr: The Investing Blueprint · Nov 12, 2024 · at 32:55
Adam Karr, president of Orbis, evaluates Brad Jacobs's 2015 acquisition of Con-way, which pivoted XPO into the asset-heavy less-than-truckload (LTL) trucking industry.
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“Probably one of the best capital allocation decisions I've seen in my investment career. We bought a company called Conway. It was a complete pivot from the stated strategy at the time.”
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