>> You may not see them show up on your doorstep as often as FedEx or UPS, but if you've ordered something massive, a couch or an oven online, XPO Logistics may have delivered it to you. And on Friday, XPO's stock soared over 14% to it's highest level ever, after a report by Tech News site Recode reported that Home Depot has considered buying the logistics firm.
The report citing a person familiar with Home Depot's thinking said, if Home Depot were to make an offer, one main impetus would be to keep Keep XPO out of the hands of Amazon. Home Depot stock closed almost unchanged. Recode said, it couldn't independently confirm Amazon's interest in XPO or if Amazon or Home Depot has had talks with the logistics company.
Earlier this week, XPO said that its US e-commerce volumes jumped 24% from Black Friday through Cyber Monday as more consumers turn to online retailers for quicker delivery. XPO is the third largest publicly traded US logistics company.