XPO Stock Recent News

GREENWICH, Conn., Jan. 03, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its fourth quarter conference call and webcast on Wednesday, February 7, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com .

XPO is a global transportation and logistics company with a heavy presence in LTL. With the exit of a major player in the industry, Yellow Corp, the company is seeing market share gains and pricing power. It recently bought 28 service centers as it goes through Chapter 11 and should benefit as its network expands.

2023 brought markets a year full of swings, both emotional and financial, driven by the fears of a coming recession (which was never realized) and a FED that turned hawkish and began raising interest rates aggressively; today's bull market is sponsored by a second consecutive quarter of real GDP growth for the U.S.

XPO Inc. XPO, +3.12% said late Tuesday it got approval from the U.S. bankruptcy court for the district of Delaware to buy 28 service centers previously operated by Yellow Corp., which filed for bankruptcy in August. XPO will buy 26 of the centers and assume existing leases for the other two, it said.

Brad Jacobs, Executive Chairman of XPO Logistics, joins Bloomberg Radio to discuss his new investment venture, the delivery industry and founding XPO, and his new book “How to Make a Few Billion Dollars” -------- Get more on The Tape Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r

XPO beat estimates on the top and bottom lines. The company is delivering market share gains in the wake of the Yellow bankruptcy and improving customer service.

The LTL carrier beat estimates on the top and bottom lines. XPO is gaining market share and its profitability is improving.

XPO CEO Mario Harik joins 'The Exchange' to discuss company's earnings beat, the health of the trucking industry, and more.

XPO, Inc. (NYSE:XPO ) Q3 2023 Earnings Conference Call October 30, 2023 8:30 AM ET Company Participants Mario Harik - Chief Executive Officer Kyle Wismans - Chief Financial Officer Ali Faghri - Chief Strategy Officer Conference Call Participants Christian Wetherbee - Citigroup Scott Group - Wolfe Research Kenneth Hoexter - Bank of America Fadi Chamoun - BMO Capital Markets Thomas Wadewitz - UBS Ravi Shanker - Morgan Stanley Jason Seidl - TD Cowen Brian Ossenbeck - JPMorgan Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Operator Welcome to the XPO Third Quarter 2023 Earnings Conference Call and Webcast. My name is Rob and I will be your operator for today's call.

XPO exceeded earnings and revenue expectations for the quarter. The company is running more efficiently than it was a year ago, and has seen quality improve.