XPO Stock Recent News

GREENWICH, Conn., July 25, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today announced its team of finalists for this year's National Truck Driving Championships (NTDC) from August 21 to 24 in Indianapolis.

GREENWICH, Conn., July 09, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, August 1, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com .

GREENWICH, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for May 2024. LTL tonnage per day increased 2.4%, as compared with May 2023, attributable to a year-over-year increase of 3.8% in shipments per day and a decrease of 1.4% in weight per shipment. Actual results for May 2024 may vary from the preliminary results reported above.

The Investment Committee debate Stifel's upgrade of XPO and the transportation sector.

XPO outperformed the rest of the LTL industry with its first-quarter earnings report. Operating ratio substantially improved due in part to a higher yield.

XPO, Inc. (NYSE:XPO ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Mario Harik - CEO Kyle Wismans - CFO Ali Faghri - CSO Conference Call Participants Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Daniel Imbro - Stephens Fadi Chamoun - BMO Capital Markets Jon Chappell - Evercore ISI Stephanie Moore - Jefferies Tom Wadewitz - UBS Brian Ossenbeck - J.P. Morgan Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Brandon Oglenski - Barclays Scott Schneeberger - Oppenheimer Kevin Gainey - Thompson Davis & Company Mario Harik Good morning, everyone.

XPO easily topped earnings expectations on revenue that was up year over year. Truckers have complained about a soft demand environment and shrinking sales, implying XPO is taking market share.

The headline numbers for XPO (XPO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The trucking reported first-quarter earnings per share of 81 cents from sales of $2 billion. Wall Street was looking for earnings per share of 67 from $2 billion.

XPO is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.