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sd-10-EFTA01387099Dept. of Justice

EFTA Document EFTA01387099

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From: Martin Zeman Sent: 3/6/2018 11:44:52 AM To: 'Paul Barrett (I CC: Joshua Shoshan I I; Stewart Oldfield Subject: XPO Logistics and FEDEX Attachments: 2018.02.22 - XPO Logistics - potential for 30% FCF.pdf; 2018.02.22 - U.S. Transportation report.pdf ; Davide-A Sferrazza I I; Xavier Avila Paul, Please see attached 1-pager published two weeks ago (and also a more detailed report on the industry). Our analyst is really bullish on FEDEX and XPO and doesn't like UPS which really

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Dept. of Justice
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sd-10-EFTA01387099
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