Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Michael R. Welch, who co-founded the company that would eventually become XPO Logistics, Inc. (NYSE:XPO) died September 27 in Stevensville, Michigan, following a long illness. His exact age could not be determined, but he was believed to be in his mid-50s.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
His death was confirmed in a statement from the Lakeshore (Michigan) Public Schools, where Welch was a board member.
Welch and Keith Avery co-founded ground expedited firm Express 1-Expedited Solutions of Niles & St. Joseph (Michigan) in 1989. In 2004, Welch orchestrated the sale of the company to transport and logistics provider Segmentz Inc. He served as Express-1 CEO from 2005 to 2011, where he made several acquisitions and started a company known as Bounce Logistics. During that span the company more than quadrupled its revenues.
In September 2011, Express-1 was sold to businessman Brad Jacobs. The company's name was changed to XPO Logistics, with the "XPO" ticker symbol referencing the symbol that Express-1 had used since 2006. At the time, Express-1 shares traded on the American Stock Exchange. The following June, XPO listed its shares on the New York Stock Exchange.
Welch would become vice chairman of Magnate Worldwide, a transport and logistics firm headquartered in Oak Brook, Illinois.
Welch is survived by his wife, Lisa, and their two children, Kara and Carter.
Image Sourced from Pixabay
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.